Author: admin
Bitget Wallet, a non-custodial cryptocurrency wallet, has achieved a major milestone with over 40 million users, reflecting more than 100% growth since March 2024. This rapid expansion highlights the growing preference for decentralized solutions in the evolving cryptocurrency landscape. Remarkably, the wallet was downloaded approximately 6 million times in September 2024 alone, making it the second most downloaded cryptocurrency application in the world after Binance. The significant growth in Bitget Wallet's user base is due to several factors, including growing skepticism towards centralized exchanges (CEX) and a broader trend towards decentralized exchanges (DEX) and non-custodial wallets. It is thought that.…
asset management company Ark Investment expressed belief in the potential for change in Ethereum ETH/USD A network for the financial services industry. what happened: on tuesday, Cathie Wood The company's influential founder shared a research paper explaining why he uses Ark Invest on X believes that Ethereum and its staking yield will play an important role in decentralized finance (DeFi). The paper highlighted Ethereum’s status as an “institutional-grade asset” with the potential to generate yield. “Our research suggests that ETH, as an asset, is beginning to develop attributes similar to U.S. Treasury securities in the digital asset space,” the paper…
The rapid divergence between the euro area and US government bond markets is expected to continue as Europe's economy becomes increasingly lackluster and pressure on the European Central Bank to cut interest rates quickly increases. While U.S. yields have risen in recent weeks, German yields have risen only slightly, pushing the closely watched 10-year gap between U.S. and German bond yields to about the widest since July. This increased to 183 basis points (bps). Yields move inversely with prices. “We think these market dynamics need to continue,” said Simon Blundell, co-head of European fundamental fixed income at $11.5 trillion BlackRock,…
According to the CoinGecko Q3 Crypto Industry Report released on October 14th, Ethereum’s position in DEX trading is changing. Although the network remains the dominant chain of decentralized exchanges, its market share has consistently fallen below 40% in the quarter. The report noted that Ethereum trading volume has been on a downward trend from July to September, with cumulative trading volume decreasing by 19.6% from the previous quarter. Meme coins driving DEX competition Ethereum faces increasing competition from other chains in the DEX space, especially Solana and Base. However, their popularity is mainly driven by the minting of meme coins…
Reaching the coin sensor… Vice President Kamala Harris' campaign on Monday announced support for a “regulatory framework” for cryptocurrencies and digital assets aimed at protecting investors. The cryptocurrency push is part of Harris' Opportunity Agenda for Black Men, which includes legalizing cannabis at the federal level and providing forgivable loans to entrepreneurs. Reference: Harris campaign says more than 20% of Black Americans own or have owned cryptocurrencies.Join the party: Harris has not talked much about cryptocurrencies so far, but her proposal has caught the attention of the industry. Bitcoin and ether both It rose more than 5% on Monday.Moon Promise:…
Electric vehicle leader Tesla has transferred its entire Bitcoin (BTC) holdings, worth about $765 million, to a series of unidentified wallets, raising questions about the company's cryptocurrency strategy. .The transfer contained 11,500 Bitcoins and was moved to multiple new addresses in 26 separate transactions, according to data from Arkham Intelligence. Despite the large-scale migration, the funds are not linked to any cryptocurrency exchanges, indicating that Tesla may not liquidate Bitcoin at this time.The move marks the first time activity in Tesla's Bitcoin wallet has been observed since June 2022. Prior to the transfer, the wallet was dormant, leading many industry…
A massive development in the huge development of EVs. tesla company TSLA Reportedly gave away almost all of it Bitcoin BTC/USD Hidden in an unknown wallet, the CEO Elon Musk The plan was to offload the virtual currency held by the company. what happenedOn Tuesday, a wallet labeled Tesla moved 11,500 BTC, worth $760 million in major cryptocurrencies, to multiple unidentified wallets, according to on-chain analytics firm Arkham Intelligence. As of this writing, the wallet holds $6.7 worth of assets. Tesla did not immediately respond to Benzinga's request for clarification about the true purpose of the move. SEE ALSO: Donald…
Kraken customers can now re-stake their already staked ETH on the Ethereum network and earn additional rewards through projects on decentralized finance protocol EigenLayer.Kraken said in a statement on Tuesday that the new feature aims to expand investors' access to on-chain yield-generating opportunities and make restaking “more accessible to a wider range of customers.” said.Staked, a subsidiary of Kraken and EigenLayer operator, has been appointed as a validator for restaked ETH. Users participating in restaking can keep their rewards in Kraken or exchange them for fiat or other cryptocurrencies.Kraken’s features come at a time when restaking is experiencing significant growth.…
Paradigm recently announced a $20 million investment in crypto infrastructure company Ithaca. Ithaca is a startup focused on expanding research and development and building commercial products for open source tools such as Reth and Foundry. Built by Paradigm CTO and General Partner Georgios Konstantopoulos and less than 20 engineers who have helped build projects like Reth, Ithaca contributes to open source projects, starting with the release of Layer 2, Odyssey. Accelerate the development of cryptocurrencies by maintaining and maintaining Built on Reth for performance and stability (according to the OP Stack standard). Konstantopoulos, CTO of Paradigm and now CEO of…
Cover image (via www.freepik.com) Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. Financial and market information provided on U.Today is for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Please contact a financial professional and conduct your own research before making any investment decisions. Although we believe all content is accurate as of the date of publication, certain offers mentioned may not be currently available. Ethereum, which has seen significant gains over the past day, was the biggest gainer in the crypto market…