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Cryptocurrency leaders have donated $7.5 million worth of cryptocurrencies to a political action committee (PAC) supporting Republican presidential candidate Donald Trump. According to a recent CNBC report, PAC Trump 47 disclosed this development in a filing on the Federal Election Commission (FEC) website. The application targeted donations in the third quarter of this year, specifically from July 1 to September 30, 2024. In particular, donors are making donations in a variety of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), XRP (XRP), and stablecoins such as USD Coin (USDC) and Tether (USDT). These donations came from executives at top crypto companies such…
Cryptocurrency market capitalization increased by 7% month-on-month. This can only mean one thing. This means that the virtual currency market is back. Existing giants are capitalizing on the new interest. Experts are making bullish predictions for Ethereum price, and the NEAR protocol is holding steady at the support level. But the interesting highlight is the new Lunex Network's DeFi revolution aiming for the stars with a 100x moonshot. Is Lunex Network really the next cryptocurrency that will outperform Ethereum and NEAR by 100x? Let's find out. Lunex Network’s DeFi-backed innovation is set to become the next 100x cryptocurrency Bullish Ethereum…
What is going on here?euro area bond Yields fell to their lowest levels in more than a week as markets awaited decisions from the European Central Bank (ECB) on potential policy. interest Interest rate cuts to support the struggling economy.What does this mean?Economic activity in the euro area is showing signs of slowing down due to high levels of economic activity inflation and slowing growth. Investors are speculating that this could prompt the ECB to cut interest rates, a sentiment reflected in lagging German Bund yields. Germany's 10-year bond yield fell to 2.207% and the 2-year bond yield fell to…
As Ethereum continues to grow, the need for faster and cheaper transactions becomes more important. Layer-2 scaling solutions are here to help. These technologies can make using Ethereum easier and more affordable. In this article, we’ll look at some of the top Ethereum Layer-2 scaling solutions that you should keep an eye on in 2024. Key Takeaways Layer-2 solutions help Ethereum handle more transactions at once. They lower fees, making it cheaper for users to send and receive crypto. Each solution has its own unique features and benefits. These technologies are crucial for Ethereum’s future growth. Keeping track of these…
11:05 ▪ 4 Minimum read time up to ▪ Evans S. Coinbase and Ethereum, two pillars of the cryptocurrency world, have taken a significant step forward with their layer 2 network, Base. This optimistic rollup developed by Coinbase surpassed Arbitrum in terms of total value locked (TVL), reaching $2.49 billion. This number places Base in the top five global blockchains and positions it to reshape the landscape of Ethereum scalability solutions. But what does this mean for the future of cryptocurrencies, and what are the prospects for such upheaval in the Layer 2 ecosystem? Base redefines the Layer 2 solution…
Bitcoin went through a huge roller coaster yesterday, soaring to a multi-month high of $68,000, then dropping tens of thousands of dollars before settling around $67,000. Litecoin and Dogecoin emerged as the top performers among large alt currencies today, with both rising around 6%. BTC peaks, retracements and calm Just last Thursday, the situation for cryptocurrencies became very dire, with BTC dropping significantly to below its monthly low of $59,000. However, the bulls managed to block this move, helping the asset recover almost all its losses by the end of the week. As a result, Bitcoin was hovering around $63,000…
LBank, a popular cryptocurrency exchange ecosystem for spot and futures pairs, is entering the next phase of its compliance upgrade.LBank Cryptocurrency Exchange Reveals Latest Compliance StrategyOn October 14, Eric He, Chief Angel Officer and Risk Control Advisor at LBank, shared insights on the exchange's future market plans and global compliance strategy via social media. Image provider L bankAs a major player in virtual currency trading, L bank is promoting compliance initiatives and expanding its business. This strategic initiative marks a new chapter in LBank's global roadmap. The exchange aims to provide more localized and compliant trading services while accelerating its…
ThemeHow have the Eurozone’s four largest member states’ main economic variables fared in the last five years? SummaryImportant conclusions can be drawn from analysing the performance of the main macroeconomic variables of the Eurozone’s four largest member states. First of all, although in the second quarter of 2024 the GDPs of Italy and Spain were 4.7% above their pre-pandemic levels, their compositions differ, with Spain relying on population growth, public consumption and the export of services, whereas Italy focuses on investment and the export of goods. Meanwhile, the marked differences in population growth, with Spain’s population rising by 3.6% between…
Simeon Dyankov (left) and Boyko Borisov (right) Simeon diankovThe former finance minister said that although discussions on the macro framework for 2025 are currently stalled due to the non-functioning parliament and government, the Bulgarian economy is doing reasonably well. He noted that Finance Minister Ludmila Petkova has asked politicians to outline the necessary budgetary measures and determine the budget deficit. According to diankov, Bulgaria I've never seen it deficit This type of debate is expected to take place within 25 years, and he does not foresee any significant debate in Congress on the issue. diankov criticized the election promises made…
After a two-year hiatus, Cybertruck maker Tesla has moved its Bitcoin holdings to multiple unidentified wallets. According to data from Arkham Intelligence, the Tesla-labeled wallet was released on October 15 at approximately 20:41 pm UTC after conducting several test transactions for small amounts of Bitcoin. started transferring funds. 11,500 Bitcoins (BTC) worth over $769 million were then distributed across seven different wallets. This transfer was the first funds transfer since June 17, 2022. At the time of writing, there has been no official announcement from the electric car maker as to whether it plans to sell its holdings, and the…