Wed, April 24, 2024

Cryptocurrencies

Cryptocurrencies and new opportunities, tokenisation

BlackRock’s MMF Tokenisation: Bridging Finance and Blockchain

Quick Look: BlackRock Tokenization on Hedera: Initiates MMF trading on blockchain, enhancing liquidity and investment access. Archax, Ownera, and Hedera collaborate to boost market efficiency through faster, secure operations. Hedera’s centralised model and Shiba Inu’s speculative issues drive interest towards more stable platforms like DeeStream. BlackRock is a well-known global leader in investment management. It …

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Russian Crypto market and Binance

The Binance Saga Unfolds: Key Figures Facing Legal Reckoning

Quick Look: Binance agreed to a $4.3 billion settlement for charges concerning its inadequate anti-money laundering practices.  Key figures detained in Nigeria, facing charges including tax evasion.  Legal outcomes could significantly impact cryptocurrency regulations worldwide. Key figures associated with the global cryptocurrency exchange Binance have found themselves trapped in a web of legal challenges spanning …

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Fantom

Fantom’s Resilience Amid Market Concerns

Quick Look: Fantom’s founder highlights risks similar to TerraUSD’s collapse, cautioning against unbacked assets due to negative funding. Launched with a 27.6% APY, raising concerns about its sustainability and potential for crisis. Fantom (FTM) exhibits resilience with a recent 6.38% daily increase, though it faces significant monthly volatility. The digital currency landscape is experiencing another …

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SHIB

SHIB Market Resilience: A Detailed Analysis Amidst Volatility

Quick Look: SHIB’s price is stable at $0.000024, resisting broader market volatility. There’s a 71.4% increase in whale transaction frequency, with a significant reduction in volume, suggesting cautious trading. Market analysts remain optimistic, forecasting a potential rise to $0.000030, buoyed by strong holding patterns and cold storage transfers. In the volatile cryptocurrency world, Shiba Inu …

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Tether

Tether’s Strategic Pivot: Merging AI And Blockchain

Quick Look: Tether (USDT) restructures into four new divisions to harness tech advancements and align with long-term goals. $427 million invested in AI via Nvidia GPUs. $500 million in Bitcoin mining operations in Uruguay, enhancing blockchain capabilities. Partnerships, like Plan B in Lugano, focus on boosting digital literacy and preparing communities for a tech-driven future. …

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cryptos - NEO, railgun, dogwifhat

Dogwifhat: Swift Ascent and Present Market Assessment

Quick Look: Despite recent drops, Dogwifhat’s value has skyrocketed by 52,514.30% over the past year. Trading at $2.47, down 4.43% today and 23.19% below expectations, with a recent high of $4.80. Predominantly bearish with 78% negative indicators, yet support levels suggest possible bullish reversals. Dogwifhat is a digital asset that recently captured the imagination of …

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Cryptocurrencies - toncoin, inj

INJ’s $52.98 High Amidst 23% Weekly Drop

Quick Look: INJ saw a rollercoaster in prices, recently surging to $25.31 but down 23% week-over-week. The upcoming Injective 3.0 upgrade aims to accelerate token supply reduction. Trading volumes for INJ rose by 17%, with significant growth in Total Value Locked (TVL). Injective Protocol (INJ) has experienced significant price fluctuations recently. Over the last 24 …

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Binance and Kraken crypto exchanges

Kraken, Coinbase Adapt Amid Regulatory Shifts

Quick Look: Kraken ceased Monero support in Ireland and Belgium. Stablecoin suspension in Canada due to local regulations. Launch of Kraken wallet features robust security, supports multiple blockchains, emphasizes user privacy and minimal data collection. Kraken, a major cryptocurrency exchange, has made notable changes to its service offerings in specific regions. Most recently, on April …

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Important Details About European and Asian Stocks, Celestia

Celestia’s 361% Rise and 41% Fall: Crypto’s Wild Ride

Quick Look: Celestia’s volatility spans from a $20.85 peak to $10.71, with analysts foreseeing a $14.23 rebound by April 22. Despite a “Greed” rating, bearish sentiment surrounds Celestia, though it trades above its 200-day SMA. Celestia boasts a $1.84B market cap and $881M daily trades, with 12.08% volatility in the last month. Comparative analysis reveals …

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Crypto lock, web3

SendingNetwork Secures $20M for Web3 Tech

Quick Look: SendingNetwork completes $7.5 million Seed Extension, raising $20 million. Aims to revolutionise online communications with a new TCP/IP stack and “decentralised router.” Plans to grow its team and launch its mainnet by Q1 2025. Targets a multibillion-dollar market with its decentralised application, SendingMe. Strong investor support from firms like Nomad Capital and Web3.com …

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cryptos - NEO, railgun, dogwifhat

Railgun Token Jumps 150% on Vitalik’s Endorsement

Quick Look: Railgun token prices soared 150% following Vitalik Buterin’s endorsement.  A nearly 10,000% spike in trading volume was observed. US regulators are scrutinizing Railgun due to potential misuse. Buterin proposed a zero-knowledge proof system for compliance. Cryptocurrency market cap reached $2.53 trillion, signalling strong investor confidence. Railgun (RAIL), a privacy-focused cryptocurrency, experienced a dramatic …

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Crypto - luna

Terra (LUNA) Proposal 12093 Rejected: 38% Support Amid Turmoil

Quick Look: Proposal 12093 by Terra (LUNA) Classic was rejected with 55% opposition, 1% veto, and 5% abstention. Concerns include vague details, centralization risks, and the absence of KYC. LUNA price increases 8%, trading volume decreases 54%. Mixed signals in the crypto market: USTC is up 7%, and LUNA has gained 7.27%. The community decisively …

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bitcoin

Bitcoin Climbs $65K Amid Tensions and Halving

Quick Look:  Bitcoin recovers to $65,000 despite geopolitical stress. The global crypto market cap stands at $2.36 trillion. Bitcoin halving is set to halve miner rewards on April 20. Rising AI industry competition boosts electricity prices. Hong Kong’s Bitcoin ETFs could drive significant demand. Bitcoin has shown notable resilience in recent days. Thereby navigating through …

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