Day: November 4, 2024

Pakistan proposes new crypto framework to central bank rules

The State Bank of Pakistan has proposed a legal framework to recognize digital assets, including cryptocurrency, as official forms of currency. If approved, the plan would allow the SBP to issue a digital currency, potentially leading to a central bank digital currency for Pakistan. The SBP proposed amendments to the State Bank of Pakistan Act, signaling a shift in the country’s approach to digital currencies, according to the Tribune.  The proposal would make it legal for digital currencies, like Bitcoin (BTC), to be used as legal tender — a considerable…

Bitcoin (BTC) Mining Startup Promises Free Money to Renewable Energy Companies

This is where bitcoin mining, Marr realized, can provide a profitable solution. If a solar plant, or a wind farm, has the ability to convert, nearly instantly, its excess electricity into bitcoin instead of selling it at a loss, renewable energy companies could significantly boost their revenue. That, in turn, would make the financing of new green energy projects more palatable, and reduce the industry’s need for government subsidies. Source

Gemini Teams up With Renowned Sci-Fi Artist for ‘Go Where Dollars Won’t’ Crypto Campaign

Gemini launched a new campaign, “Go Where Dollars Won’t,” on Nov. 4, aiming to showcase cryptocurrency’s potential beyond traditional currency constraints. Exploring New Frontiers: Meet Gemini’s ‘Go Where Dollars Won’t’ Campaign On Nov. 4, cryptocurrency exchange Gemini unveiled its latest campaign, “Go Where Dollars Won’t,” partnering with Irish artist Matt Griffin to capture cryptocurrency’s promise […] Source CryptoX Portal

Trump-Themed Memecoins Rally 30% Ahead Of US Elections

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Este artículo también está disponible en español. Just hours away from the US presidential elections, PolitiFi tokens have seen a remarkable boost. The sector has experienced a nearly 10% surge in the last 24 hours, with Trump-themed memecoins leading the way. Following the recent performance, some investors forecast a massive rally for these tokens in the coming days. Related Reading Trump-Themed Memecoins See 30% Jump The PolitiFi sector gained popularity after several memecoins inspired by US politicians registered a massive performance earlier this year. Some tokens had their market capitalization…

Tezos Blockchain Advances with Latest Grant Recipients

Darius Baruo Nov 04, 2024 19:30 Discover how Tezos Foundation’s grants are propelling Web3 innovation in gaming, DeFi, and arts. Explore projects like Taquito, Signatory, and Sugar Gaming leading the charge. The Tezos blockchain continues to make significant strides in the Web3 landscape, with its latest round of grants supporting a diverse array of projects. According to Tezos, the foundation is committed to advancing technology in areas such as gaming, decentralized finance (DeFi), and the arts through strategic funding initiatives. Tezos Taquito…

Michigan Pension Fund Invests $10 Million in Grayscale’s Ethereum ETFs

Reports indicate that the State of Michigan Retirement System recently invested over $10 million in ethereum exchange-traded funds (ETFs), specifically in Grayscale’s Ethereum Trust and its Ethereum Mini Trust. The Rise of Crypto in Retirement Portfolios In July, news surfaced that the State of Michigan Retirement System (SMRS) had also put funds into Ark Invest’s […] Source BitcoincryptoexchangeExchanges CryptoX Portal

New High For TRON, But Bearish Signals Cast Shadows On The Rally

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The price of TRON (TRX) has been on an impressive run of late and established a double-top technical formation. Technical analysts typically utilize this pattern to forecast a trend reversal when an asset reaches its peak. Tron is currently trading close to its all-time high level, which has attracted traders’ attention to the double-top. TRX is selling at $0.1654, and currently with a price projection of 67% in the next three months, CoinCheckup data reflect. However, the estimate permits some safety line, traders are starting to get more worried due…

Digital Asset Inflows Reach Record High With US Elections on the Horizon

The year-to-date inflows for digital assets hit a new high of $29.2 billion with inflows of $2.2 billion last week. This was according to Coinshares’ latest digital assets inflow report by head of research, James Butterfill. Coinshares: Record Numbers for Digital Asset Inflows With $2.2 billion in inflows, bitcoin (BTC) was identified in Coinshares’ analysis […] Source CryptoX Portal