Tag: Digital

Bitcoin (BTC) Miner HIVE Digital (HIVE) Expected to Double Its Hashrate in the Coming Year, Initiate at Overweight: Cantor

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2,430% Surge: Why Central Bank Digital Currencies Are Set to Explode

The explosive growth of central bank digital currencies, expected to surge 2,430% by 2031, could revolutionize global payments, slashing cross-border transaction costs by billions. The Global Payment Shake-Up: CBDCs Poised to Transform Transactions Juniper Research, a market research and consulting firm specializing in digital technologies and innovation, released a report on Monday, forecasting a massive […] Source CryptoX Portal

Strategic Diversification in Bitcoin Mining and HPC – Bit Digital (BTBT) Analysis

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Bit Digital is strategically navigating the post-halving era, opting for HPC opportunities instead of expanding hash rate at any cost. With a focus on generating predictable revenue, could BTBT emerge as the next dark horse among Bitcoin mining stocks? Analyzing Bit Digital’s (BTBT) Approach to Bitcoin Mining and HPC Diversification The following guest post comes […] Original

Global Finance Faces a Shift as Mbridge Digital Currency Platform Challenges US Dollar

The People’s Bank of China emphasized the Mbridge platform’s role in improving cross-border payments through the use of central bank digital currencies (CBDCs), aiming to reduce inefficiencies and avoid new barriers. The platform, which targets underserved regions like ASEAN, could reshape global finance and challenge the U.S. dollar’s dominance while requiring careful coordination to maintain […] Source CryptoX Portal

Ledn’s Lending Leap: Record $1.67 Billion in Loans Signals Institutional Confidence in Digital Assets

Ledn, a crypto lending platform, has announced $1.67 billion in loans processed year-to-date (YTD) as of Q3 2024, marking a milestone since its inception in 2018. This total includes $258.7 million in retail loans and $1.41 billion in institutional loans, with Q3 alone accounting for over $506 million in digital asset loans. The retail sector […] Source CryptoX Portal

Domain Network D3 Global Partners With Identity Digital to Tokenize Domains

Variational, a protocol enabling leveraged peer-to-peer trading for customizable crypto derivatives, announced Wednesday it has secured $10.3 million in seed funding. The round was co-led by Bain Capital Crypto and Peak XV Partners (FKA Sequoia India) with support from Coinbase Ventures, Dragonfly Capital, North Island Ventures, HackVC, Brevan Howard, and many other VCs, angel investors, and industry leaders. Source

The Global Digital Asset & Cryptocurrency Association Announces Proposed Information Guidelines for Certain Tokens Made Available in the United States

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Proposed Voluntary Framework for Digital Asset Tokens Designed to Identify Material Information Enabling the Market to Make Informed Decisions CHICAGO, Oct. 20, 2024 /PRNewswire/ — The Global Digital Asset and Cryptocurrency Association (Global DCA), in collaboration with Global Blockchain Business Council (BGGC), The Digital Chamber and the Proof of Stake Alliance, today announced the Proposed Information Guidelines for Certain Tokens Made Available in the United States, a comprehensive, voluntary framework designed to enhance transparency and enable informed decision-making in the rapidly evolving digital asset market. Prominent attorneys along with distinguished law…

Russia Pushes Digital Currency Plan for BRICS — Is This the End of Western Financial Dominance?

Russian President Vladimir Putin has unveiled a plan to introduce digital currencies as a key tool for investment for the BRICS alliance. This proposal aims to boost economic growth in developing nations, with a focus on minimizing inflationary risks. By involving BRICS members and other developing countries, Putin sees this initiative as a critical step […] Source CryptoX Portal

Show Plus Chain®️ (SHC2.0): Preparing to Revolutionize the Digital Economy

SEOUL, South Korea, Oct. 18, 2024 /PRNewswire/ — A significant transformation is on the horizon for the digital economy. The cutting-edge cryptocurrency Show Plus Chain®️ (SHC2.0) is set to launch, providing the driving force for the Show+®️ ecosystem. Designed to seamlessly bridge digital assets with real-world applications, SHC2.0 is poised to create a storm of change in the cryptocurrency landscape. With its unique utility supporting prize distributions, sponsorships, and a dynamic marketplace, SHC2.0 is ready to lead innovation and redefine interactions within the digital economy. The rapidly growing online competition platform…