Tag: Support

Deutsche Bank to secure crypto for institutions, TRX and DOMI may find support

Deutsche Bank will provide secure storage solutions for institutional investors to address crypto investment concerns. This development could impact established and emerging projects like Tron (TRX) and Domini.art (DOMI). Domini.art is a platform that uses blockchain technology and traditional art practices to offer services in the decentralized finance (defi) industry. It has been gaining attention in the crypto market for its combination of art and finance.ย  Domini.artโ€™s presale is also in progress. Domini.art decentralizes art Domini.art allows investors to invest in blue-chip artwork through fractional ownership.ย  To make this possible,…

Magic Eden adds support for Solana-powered compressed NFTsย 

The Magic Eden non-fungible token (NFT) marketplace has expanded its support for compressed NFTs (cNFTs) โ€” a new system of NFT creation powered by Solana. This strategic decision offers creators a cost-efficient solution for their digital collectible minting, the company explained. Magic Eden, which recently welcomed BRC-20 tokens to its multi-chain platform, announced its support for cNFTs on X, formerly known as Twitter. At a time when the longstanding crypto winter is crippling NFT trading volume, Magic Eden says the latest feature will bring about a notable transformation in non-fungible…

Coinbase CEO Brian Armstrong Says Crypto Exchange Will Now Support Bitcoin Lightning Network

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Coinbase CEO Brian Armstrong says the largest US-based crypto exchange is adding support for Lightning Network, a layer-2 scaling solution for Bitcoin (BTC) that aims to address scalability issues. In a statement, Armstrong says Coinbase is working to add Lightning given the significance and importance of Bitcoin in the digital asset space. โ€œWeโ€™ve made the decision to integrate Lightning. Bitcoin is the most important asset in crypto and weโ€™re excited to do our part to enable faster/cheaper Bitcoin transactions. Will take some time to integrate so please be patient.โ€ Coinbase…

Will The $0.06 Support Level Hold?

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Dogecoin (DOGE) has had its share of ups and downs. Recently, as the altcoin market experienced a significant selloff, DOGE found itself caught in the turmoil, succumbing to substantial outflows earlier in the week.ย  This downturn had a critical consequence, as it sent the coinโ€™s price plummeting below a crucial support trendline that had been instrumental in propping up DOGE for over three weeks.ย  As the market sentiment shifted, this breakdown raised concerns about the future trajectory of Dogecoin, hinting at a possible continuation of the downtrend and further price…

EU parliament votes overwhelmingly in support of DAC8 crypto tax reporting rule

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Lawmakers in the European Union parliament voted overwhelmingly in support of the eighth iteration of the Directive on Administrative Cooperation (DAC8), a cryptocurrency tax reporting rule, in a plenary session on Sep. 13.ย  Held in Strasbourg, France, the session reportedly saw DAC8 receive overwhelming support in the form of 535 member votes for and just 57 against. The measure received 60 abstentions as well. Heads up: The European Parliament plenary adoption of the #DAC8 is happening today As a reminder: DAC8 is an instrumental legislation designed to further harmonise the…

Coinbase’s (COIN) Brian Armstrong Confirms Crypto Exchange Will Support Lightning, Which Speeds Up Bitcoin (BTC) Payments

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โ€œBitcoin is the worldโ€™s digital monetary system, and Lightning is Bitcoinโ€™s payments layer,โ€ Cathie Wood, the head of Coinbaseโ€™s second-biggest shareholder, ARK Invest, wrote on X in response to Armstrongโ€™s post Wednesday. โ€œCoinbaseโ€™s integration with Lightning will give its 100 million users an on-ramp to faster and cheaper bitcoin transactions. Hats off to Coinbase!โ€ Source

Google launches Digital Futures Project with $20M in grants to support โ€˜responsible AIโ€™

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Google and its charitable arm, Google.org, launched the Digital Futures Project, an initiative to study responsible artificial intelligence (AI) technologies, on Sept. 11.ย  The Mountain View company will invest a total of $20 million in grants to leading think tanks and academic institutions around the world with the expressed aim โ€œto facilitate dialogue and inquiryโ€ into AI technologies. According to a blog post, Google wishes to address issues of fairness, bias, misinformation, security and the future of work through deep collaboration with outside organizations and a commitment to facilitating responsible…

G20 leaders support FSB recommendations on crypto regulation

The leaders of the G20 nations have thrown their weight behind the Financial Stability Boardโ€™s (FSB) recommendations regarding the regulation of crypto. In a landmark move, the G2O intergovernmental forum, on Sept. 9, voiced its support for a slew of recommendations prepared by the FSB to regulate and oversee the global crypto industry. The announcement, made by Indian Finance Minister Nirmala Sitharaman, came at the New Delhi Leadersโ€™ Meeting, where G20 members expressed their intent to monitor the fast-paced changes in the digital finance space. ๐Ÿšจ BREAKING: ๐Ÿ‡ฎ๐Ÿ‡ณ Indiaโ€™s Finance…

NFT restaurant crumbles, Binance NFT ends Polygon support and more

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Bold plans for a nonfungible token (NFT)-based restaurant and private members lounge in San Francisco have ended abruptly after the company behind the project halted construction due to challenging macroeconomic factors. The two venues were being built on Salesforce Park and were going to be dubbed the โ€œSho Restaurantโ€ and โ€œSho Club Sky Lounge.โ€ The latter would only be accessible to holders of the Sho Club NFTs, which cost anywhere from $7,500 to $300,000, and offered access to other future Sho Group hospitality offerings. Speaking with San Francisco-focused news website…

XRP Bottom Support Holds Strong: A Healthy Sign For The Cryptoโ€™s Price?

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XRP has once again found itself in a state of relative stability. Despite minimal gains, the crypto is holding firm at $0.5, showcasing a remarkable resilience over the past 24 hours. However, the intriguing aspect of this scenario lies in the technical analysis and upcoming developments that may hold the key to XRP’s future trajectory. Recent price analysis reveals that XRP is currently being held in check by the 50-day Exponential Moving Average (EMA), capping its price at $0.5027. Furthermore, another significant seller congestion point looms at $0.505.ย  This data…