Day: October 18, 2024

Bitfinex backs payments chain Plasma’s bid to expand USDT on Bitcoin

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Bitfinex has invested in Plasma, a payments, real-world assets and decentralized finance infrastructure platform focused on Bitcoin. The Bitfinex team announced via X on Oct. 18 that it had invested in Plasma to help scale Tether (USDT) usage on Bitcoin (BTC). According to a blog post introducing Plasma, the platform is eyeing a zero-fee payment rail for USDT. It’s a network where users can send U.S. dollar denominated assets to anyone around the world with no fees and leveraging Bitcoin. Rather than BTC as the native payment asset, Plasma looks…

Grexie Signchain Launches on November 1st, 2024: Enabling Smart Contract Developers to Bring Off-Chain Data On-Chain with Seamless Gas-Paid Signing

Grexie Signchain enables developers to sign off-chain data into smart contracts, with self-hosted or secure vault signer wallet management. MANCHESTER, England, Oct. 17, 2024 /PRNewswire/ — Grexie Limited proudly announces the launch of its innovative smart contract solution, Signchain, on November 1st, 2024. Designed specifically for developers, Signchain introduces a powerful way to bring off-chain data on-chain through user-paid gas fees and secure signing of data into smart contract methods using its extendable smart contract, Signable. In the growing landscape of blockchain technology, securely managing off-chain data and integrating it into…

Bitcoin Breaking Out Of 7-Month Accumulation Channel: Expert Predicts Further Upside

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Este artículo también está disponible en español. Bitcoin is at a pivotal moment after surging past the $68,000 mark and setting a new local high, confirming its bullish uptrend.  Analysts and investors closely monitor the next steps, searching for signs of a continued rally or a potential retrace from higher supply levels. While the excitement is palpable, there is caution as traders prepare for possible resistance. Related Reading Top analyst Daan shared a technical analysis highlighting that Bitcoin has broken out of an accumulation channel, suppressing the price. According to…

A New Blockchain Player Emerges: Inside World Chain’s Ambitious Plans

The World Foundation has introduced World Chain, a new blockchain network that claims to focus on verified human users instead of bots. With 15 million verified participants already, the project aims to tackle blockchain issues like congestion and costly transaction fees. How World Chain Plans to Change Blockchain In a statement shared with Cryptox.trade News, […] Source CryptoX Portal

Michael Saylor’s MSTR Nav Premium to Bitcoin (BTC) Holdings Shouldn’t Be Feared

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Benchmark believes MicroStrategy’s business model justifies the premium to NAV and that traders should focus on the company’s BTC Yield. Introduced by Saylor and team earlier this year, Bitcoin Yield tracks the effectiveness of bitcoin investments by measuring the percentage change over time of the ratio between MSTR’s bitcoin holdings and its fully diluted share count. The Bitcoin Yield stood at 17.8% through September 19 compared to 1.8% and 7.3% in 2022 and 2023, respectively, according to Benchmark’s data. Original

Expert Calls On Ripple Community To Collectively Send XRP Price On 1,800x Rally To $1,000

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Este artículo también está disponible en español. The idea of the XRP price reaching $1,000 has once again gained traction as a social media platform X user called Drewski called for the Ripple community to unite in driving XRP to the unprecedented price level. While Drewski’s post reignited the conversation, the $1,000 price target is far from new, as it has been a goal shared by many XRP investors for years. Bold $1,000 Price Target For XRP Drewski’s comment on XRP echoes the entire cryptocurrency investor community. Particularly, it can…

Crypto ETFs Quietly Amass Millions—Here’s What You Missed on Thursday

On Thursday, both the spot bitcoin and ethereum ETFs made headway, with the bitcoin funds pulling in the largest inflows. The 12 bitcoin funds collectively received $470.48 million, while the ether funds scooped up $48.41 million. Bitcoin and Ethereum ETFs See Significant Gains on Thursday Leading the charge, Blackrock, the world’s largest asset manager, snagged […] Source CryptoX Portal

WIF Price Approaches $2.89 Resistance As Bulls Regain Control

Dogwifhat (WIF) has resumed its upward trajectory, with the price approaching the key $2.89 level as bulls take back control. After a period of consolidation, renewed buying pressure has fueled the meme coin’s rise, signaling that momentum is once again favoring the bulls. With increased buying pressure and positive market sentiment, WIF is showing signs of an impending uptrend.  As WIF edges closer to this significant resistance level, this article will assess its recent price action, highlighting the bulls’ regained strength. Through an analysis of key technical indicators and market…