October 28, 2024

Robinhood Launches Election Bets as Polymarket, Kalshi Draw Millions — But for How Long?

October 28, 2024

As Robinhood rolls out its presidential election event contracts, the prediction markets Polymarket and Kalshi are drawing in substantial multi-million-dollar revenues tied to election-related trading. Robinhood Jumps Into Election Contracts Scene On Monday, Robinhood said began deploying election event contracts to select U.S. customers on Oct. 28, just ahead of the Nov. 5 U.S. presidential […] Source CryptoX Portal

If Dogecoin Breaks Above Key Resistance ‘We Could See A 25% Rally’ – Top Analyst

October 28, 2024 boss

Este artículo también está disponible en español. Dogecoin (DOGE) has been trading below a key resistance level at $0.143 since October 19, and anticipation is building among investors who believe a breakout may be imminent. The popular memecoin has remained relatively steady, yet this critical level has prevented DOGE from moving significantly higher. Top analyst and investor Ali Martinez recently shared a technical analysis on X, highlighting the potential for a strong rally once DOGE clears this barrier. According to Martinez, a break above the $0.143 mark could trigger a…

Astria, Project to Decentralize Crucial Blockchain ‘Sequencers,’ Goes Live With Main Network

October 28, 2024

The project is among those aiming to decentralize blockchain “sequencers” – the component of a layer-2 network that compiles transactions happening on the secondary network, in order to record them on a main layer-1 blockchain, like Ethereum. Metis, a layer-2 network for Ethereum, has developed its own decentralized sequencer, for example. Source

RD InnoTech Targets Future Stablecoin Launch with HashKey Exchange, Advancing Cross-Border Payment Ambitions

October 28, 2024 boss

HONG KONG, Oct. 28, 2024 /PRNewswire/ — RD InnoTech Limited (RD InnoTech), a subsidiary of RD Technologies Group, is steadily advancing the issuance of its HKDR stablecoin. From the outset, RD InnoTech has focused on ensuring HKDR complies with rigorous regulatory standards while preparing for seamless market entry to support international payments and cross-border transactions. On July 18, 2024, RD InnoTech was admitted into the Hong Kong Monetary Authority (HKMA) stablecoin issuer sandbox, establishing a crucial framework for future compliant operations. RD InnoTech plans to roll out its HKDR stablecoin on…

Bitfinex Enables Tether (USDt) Transactions on Aptos Blockchain

October 28, 2024

Luisa Crawford Oct 28, 2024 16:12 Bitfinex announces the integration of Tether (USDt) deposits and withdrawals on the Aptos blockchain, enhancing transaction speed and reducing costs for users. Bitfinex, a leading digital asset trading platform, has announced the launch of Tether (USDt) deposits and withdrawals on the Aptos blockchain. This development marks a significant enhancement for Bitfinex users, as they can now conduct transactions on Aptos without the need for third-party wallets, according to blog.bitfinex.com. Aptos Blockchain’s Growing Popularity The Aptos blockchain…

Prediction Market Kalshi to Supply Price Data for Crypto Oracle Stork

October 28, 2024

If, for example, an oracle service settles disputes by a vote of token holders and a group of them collude, “they can just choose to resolve markets however they want and pay themselves out with everyone’s money,” Such said. “It’s really, really difficult and a long process to achieve sufficient decentralization in that regard.” Source

Bitcoin ETF (BTC) Holding Reported by Atlanta’s Emory University

October 28, 2024 boss

Grayscale’s mini BTC fund launched much later than its counterparts, after the asset manager’s flagship bitcoin trust (GBTC), bled large amounts of assets largely due to its relatively high fee of 1.5%. Despite its late start, the newer product has quickly become one of the more successful bitcoin funds, currently standing in sixth place by assets under management with roughly $2.3 billion worth of bitcoin, according to Bloomberg data. Original

An Arctic Circle Bitcoin (BTC) Mine Will Heat a Building in a Fishing Village

October 28, 2024

The set-up comes with unique infrastructural challenges. For example, the firm needs to make sure not to generate too much heat and make people in the building uncomfortable, Halliburton said, which is why the miner, quite paradoxically, had to also install a dry cooler on top of the building to help regulate the temperature. Source

‘This is a very bullish setup for Bitcoin’

October 28, 2024 boss

Matthew Sigel, the head of digital assets at VanEck, says the current market setup is very bullish for Bitcoin, the world’s flagship digital asset. In an interview with CNBC’s Squawk Box on Oct. 28, Sigel pointed to the upcoming U.S. election as likely a major for Bitcoin (BTC) price. The VanEck digital assets chief’s comments come as BTC climbed back above $68,000, with the top crypto by market cap weathering recent downside pressure. Whether bulls will reclaim the psychological $70,000 level ahead of the November 5, 2024, election remains to…

Trader Eyes $35 For XRP, Says It’s Not As Crazy As It Sounds

October 28, 2024 boss

Este artículo también está disponible en español. A well-experienced trader recently got significant attention after making a bold statement that an XRP price hike could be somewhere between $30 to $35 based on his assumptions of the market. Related Reading Critics slammed his forecast, but Ralston Maximus, a seasoned investor, defended that the predicted price of XRP climbing to $35 is reasonable. XRP: A ‘Ridiculous’ Target? Another trader expressed his skepticism on the possibility that XRP could have such exponential price growth. In a post, @Phoddler was left in awe…