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Finally, last week, official details began to emerge about what the project actually is, or what it aims to be: While it's still being developed and launched, it's a “best-in-class consumer application.” /UX with one-click social login and wallet creation that features “simple onboarding and a familiar UI.” blog post. (UI/UX is an abbreviation for user interface and user experience.) Under the hood, the project plans to run an instance of decentralized finance (DeFi) project Aave on the Ethereum blockchain, and eventually We plan to deploy it to layer 2. According to the blog, network scrolling. World Liberty Financial also…
A widely followed crypto analyst and trader believes Bitcoin (BTC) is close to entering the explosive part of the market cycle. In a video update, pseudonymous analyst Recto Capital told his 91,200 YouTube subscribers that Bitcoin is following a similar path to previous bull markets, including a long period of consolidation around the halving. He said he is following it. “We've seen retracements, consolidation, everything in between, and we're getting closer and closer to the point where price basically moves into the next phase of the cycle, essentially a parabola to the upside. price action.” Source: Rekt Capital/YouTube The analyst…
Demand for Bitcoin (BTC) has rebounded after a period of dormancy, with a significant spike in growth pushing the price above $67,000, a 10-week high, according to CryptoQuant’s latest weekly report.Apparent demand for Bitcoin surged by 177,000 BTC last week, the biggest increase since April, pushing the price of the flagship cryptocurrency up more than 5% to $67,800. The resumption of market activity has sparked optimism among investors, despite several months of weak performance since May.The report said strong institutional demand, increased whale activity and favorable seasonal factors combined to create a bullish environment. However, some experts caution that external…
On today's episode of Catalysts, hosts Seana Smith and Brad Smith break down some of the biggest stories of trading day.All major US banks have announced their financial results. Morgan Stanley (MS) closed the group after beating analysts' expectations and significantly boosting its investment banking division's profits. Chana Schoenberger, editor-in-chief of American Banker, said the biggest takeaway from bank profits is that “investment banking is strong and trading is strong.” She attributes this trend to two factors. The market is rising and trading is increasing. He noted that M&A (merger and acquisition) activity has increased this year and will continue…
The Italian government has announced plans to increase the tax rate on capital gains from Bitcoin and other cryptocurrencies from 26% to 42%. This is an increase of approximately 62% from the current rate.local economic news outlet Il sole 24 ore Deputy Economy Minister Maurizio Leo announced the move at a press conference on the 2025 budget. The measure is part of a broader effort to generate additional income to support families, young people and businesses.Italian taxpayers are now required to list their virtual currency holdings on the “Redditi Personale Fisiche” form and clearly list any capital gains realized through…
Find out why BlockDAG's 50% bonus is the best short-term deal of 2024. There are only a few days left. Plus, the latest information on the potential upside of the Ethereum ETF and AVAX. Ethereum stopped raising new funds on October 7, resulting in no inflow of funds and a significant drop in transactions. Meanwhile, Avalanche (AVAX) is up 23% this month, but has failed to break through the $30 milestone, which has been a drag on growth. Meanwhile, you only have a few days left to claim BlockDAG's 50% bonus. As the days go by, the desire to get…
Vitalik Buterin floated the idea of significantly reducing the amount of ETH required to become an Ethereum staker. In a new blog post, the Ethereum founder states that it currently takes about 15 minutes to complete a block and that 32 ETH is required to act as a staker. Buterin said these specifications were designed to find a compromise between three goals: maximizing the number of validators that can stake, minimizing time to finality, and minimizing node execution overhead. It is said that it is a compromise solution. However, Ethereum founders have stated that these requirements are subject to change.…
Avishek Das | Light Rocket | Getty Imagesprice of Bitcoin It approached $68,400 on Wednesday, its highest level since July, sparking a rally across the cryptocurrency sector. Bitcoin is up over 9% in the last week. ether It has increased by about 7%. Other popular coins are also rising, with Solana up nearly 10% over the past seven days and Dogecoin up 15%.The gains spilled over into stocks linked to cryptocurrencies. digital asset exchange coinbase It rose nearly 7% on Wednesday, bringing the three-day gain to 19%. Stock prices are at their highest since August. bitcoin miner marathon digital and…
Africa's blockchain and cryptocurrency space is receiving much-needed venture support at a tough time for startups, some of which are facing challenges such as a tough regulatory environment, macro policies, or outright mismanagement. Some companies have withdrawn from certain markets or closed down completely. The boost involves Yellow Card, a US-founded crypto platform that launched in Nigeria in 2019 and has since become Nigeria's most-funded cryptocurrency exchange. The company confirmed to TechCrunch that it has raised $33 million in Series C investment led by 10-year-old venture firm Blockchain Capital. The company's investments include Coinbase, Kraken, OpenSea, and most recently Worldcoin.…
Gaming and social dominate as the two big cryptocurrency use cases, according to a new report from Andreessen Horowitz. The State of Crypto 2024 report also revealed that while DeFi has the highest number of daily active addresses, stablecoins are a close second at 34% vs. 32%. Infrastructure comes in third place at about 14%. Growth has continued this cycle, with monthly active addresses reaching an all-time high of 220 million, representing “growth reminiscent of early Internet adoption.” Among these addresses, Solana and Base are the most active, with the EVM chain accounting for 52 million addresses and other chains…