Day: December 11, 2024

Alabama State Auditor pitches Bitcoin reserve

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Andrew Sorrell, Alabama State Auditor General, joined a growing cast of figures calling for strategic Bitcoin reserves in the U.S. The Alabama State Auditor suggested creating a Bitcoin (BTC) reserve as federal and state legislators flocked toward the idea after Donald Trump’s Nov. 6 victory. “The debate over whether crypto will succeed has ended,” Sorrell said, speaking to 1819 News about the reasons for his supporting BTC. Sorrell asserted that establishing a strategic BTC reserve would help Alabama, and other U.S. states, diversify government portfolios, hedge against fiat-related risks and…

The Mouse Hunt: A Decentralized Adventure for All

PRESS RELEASE. In the dynamic realm of Web3, innovation continues to push boundaries, offering new ways to engage with blockchain technology. Among these cutting-edge initiatives, The Mouse Project emerges as a unique and community-driven ecosystem poised to transform how users interact with decentralized platforms. The Mouse Project aims to simplify and democratize access to blockchain […] Source CryptoX Portal

XRP Price Defies Bearish Trend, Rallies 6%: Key Drivers Revealed

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Este artículo también está disponible en español. In a notable display of resilience amidst a broadly subdued crypto market, XRP has surged 6.7% in the last 24 hours. Following a dip to as low as $1.90 on December 10, the asset is once again trading above $2.36, defying the predominantly bearish sentiment that has taken hold of the altcoin sector. While most altcoins have posted losses or traded sideways over the same period, and Bitcoin has registered only a modest 0.7% gain, XRP’s recent outperformance stands out as a clear…

Crypto expert issues a warning on Bitcoin’s momentum, says the bullish trend depends on …

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. A crypto expert warns Bitcoin’s rise depends on a key factor that could shift market direction. A leading figure in the cryptocurrency world has issued a cautionary note about Bitcoin’s recent rise. According to the expert, the continuation of this upward movement depends on a crucial element that could sway the market’s direction. This insight may hold significant implications for those keeping a close eye on the digital currency’s…

Alchemy Pay plans to launch its own layer-1 blockchain

Crypto payments provider Alchemy Pay has announced plans to launch its own layer-1 blockchain, which the company says will target large-scale business applications. Alchemy Pay (ACH) notes that the layer-1 blockchain will be dubbed Alchemy Chain and built on the Solana (SOL) Virtual Machine architecture. Per an announcement on Dec. 11, the new L1 will offer a payment system allowing users to transact with fiat and crypto. The platform will also offer a user-friendly ecosystem bridging on-chain and off-chain processes, chain abstraction, a stablecoin revenue mechanism, and yield generation. Additionally,…

Luxor Technology Signs $131.4 Million Deal With Bitcoin Mining Rig Maker Microbt

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Luxor Technology Corporation has entered into a $131.4 million agreement with bitcoin mining device manufacturer Microbt. Bitcoin Mining Giants Luxor and Microbt Announce Partnership Luxor Technology Corporation‘s deal includes a confirmed purchase of Microbt’s Whatsminer application-specific integrated circuit (ASIC) bitcoin mining rigs worth $93.2 million and an option for an additional $38.2 million. These ASIC […] Original

Backpack Integrates Sui Blockchain for Enhanced User Experience

James Ding Dec 11, 2024 16:31 Backpack, a leading exchange and wallet, integrates Sui’s high-performance blockchain to enhance user experience, expanding opportunities for projects and users across multiple platforms. Backpack, a prominent exchange and wallet platform, is set to integrate with Sui’s high-performance blockchain, a strategic move aimed at enhancing user experience and expanding integration opportunities. This development, reported by the Sui Foundation, marks a significant milestone for both platforms. Expanding Opportunities Backpack has established itself as a versatile platform, known for…

Bitcoin Finds Support At $94.5K As STH Realized Prize Signals Strength

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Este artículo también está disponible en español. Bitcoin has faced a volatile week, with sharp moves above and below the pivotal $100,000 mark, but the price still struggles to close and hold above this psychological level. The lack of a clear direction has divided investors, with some anticipating a breakout into uncharted territory while others brace for a potential correction. Related Reading CryptoQuant analyst Axel Adler shared key data shedding light on Bitcoin’s current dynamics. According to Adler, the nearest support level is $94,500, representing the average purchase price for…

CoinDesk 20 Performance Update: RENDER Climbs 13.5% as All Assets Trade Higher

CryptoX Indices presents its daily market update, highlighting the performance of leaders and laggards in the CryptoX 20 Index.The CryptoX 20 is currently trading at 3744.31, up 5.2% (+185.86) since 4 p.m. ET on Tuesday. All 20 assets are trading higher. Leaders: RENDER (+13.5%) and ETC (+11.3%). Laggards: BTC (+2.4%) and ETH (+2.6%). The CryptoX 20 is a broad-based index traded on multiple platforms in several regions globally. Source CryptoX Portal

The hidden altcoin gem everyone’s talking about aims to become the next Bitcoin

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Lightchain AI reshapes blockchain with AI, while a new altcoin sparks speculative buzz in the crypto world. Cryptocurrency is no stranger to innovation, and the search for the “next Bitcoin” is ongoing. A new coin enters the conversation. But is it truly the game-changer it claims to be, or is there a deeper story to uncover? Before we get to that, let’s talk about Lightchain AI, an ecosystem already…