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Disclosure: This article does not represent investment advice. The content and materials published on this page are for educational purposes only. Analysts are investigating promising tokens to rise to stardom, focusing on some digital coins that could rival Bitcoin's success. Illustration of earning Bitcoin for the price of a cup of coffee. Analysts today are looking at several digital coins and suggesting that they have the potential to match Bitcoin's stellar success. In this article, we dive into which promising tokens reflect Bitcoin's path to stardom and why they're gaining attention right now. Discover who could be the next big…
The top two companies with the most funding this week were Ithaca and Delta, according to the data. Cryptocurrency VC funding has increased in number and volume this week after last week's modest funding. This is similar to the overall trend at the beginning of 2024, where VC crypto funding has surged and maintained throughout the year. According to Crypto Koryo data, the total investment amount and number of investments have sharply increased compared to the fourth quarter of 2023. Crypto.news has compiled crypto fundraising data from October 6th to October 12th. Here's this week's top crypto VC funding data:…
16:10 ▪ 3 Minimum read time up to ▪ Evans S. Innovations in artificial intelligence continue to be amazing, but not all of them serve noble intentions. In October of this year, cybersecurity company Cato Networks Pro KYCdesigned to bypass KYC (Know Your Customer) security measures at cryptocurrency exchanges. This tool opens the door to new forms of fraud at the expense of the platform and users. While this phenomenon remains difficult to detect, it could change the way cryptocurrency exchanges approach security. ProKYC: When AI creates virtual identities in a few clicks The cryptocurrency market has always attracted cybercriminals.…
Bitcoin (BTC) and the broader crypto market are once again surging above 3% on the back of China's strong economic stimulus. BTC price increased by 3.16% and was trading at the $62,700 level, giving it a market capitalization of $1,239 trillion. Earlier today, China raised its debt ceiling to stimulate the economy, bringing more liquidity into the market. Bitcoin and altcoins rise with strong reversal After falling below $60,000 earlier this week on the back of rising US CPI data, Bitcoin prices have made a strong recovery and soared to $63,000. However, despite the current volatility, Bitcoin whales continue to…
The postponement of Mt.Gox's repayment until 2025 may ease concerns about a cryptocurrency selloff.Bitcoin faces uncertainties such as elections, interest rate cuts, and sell-offs.The long-awaited Mt Gox repayment, which some expected to trigger a wave of Bitcoin selling, has been postponed until October 31, 2025, according to a recent notice from the Mt Gox Reorganization Trustee. .Originally set for the end of October 2024, the deadline extension will give creditors who have not yet completed the necessary steps to repay more time.MtGox, an early cryptocurrency exchange that collapsed in 2014, owes creditors about $9.2 billion in Bitcoin.When the first repayments…
Disclosure: This article does not represent investment advice. The content and materials published on this page are for educational purposes only. As the cryptocurrency market revives, analysts believe the growth of alternative coins could outpace Bitcoin and Ethereum. Amid the resurgence of the cryptocurrency market, certain digital currencies have emerged as potential front-runners. While Bitcoin and Ethereum dominate the conversation, some alternative coins are showing signs of significant growth. Market analysts are keeping an eye on these assets, predicting that they could outperform the incumbent leaders in the upcoming surge. Investors are keen to identify these promising cryptocurrencies that can…
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. In a significant development, Coinbase's Layer 2 blockchain, Base, now has Total Value Lock (TVL), a cryptocurrency metric…
SEC postpones ruling on Ethereum Spot ETF options until December 3, 2024. Institutional interest in crypto derivatives is growing, and advisors are increasingly using options in their portfolios. The Bitcoin Spot ETF saw significant net inflows of $253.6 million, while the Ethereum ETF saw modest outflows. The wait for Ethereum Spot ETF options continues as the U.S. Securities and Exchange Commission (SEC) has postponed its ruling on proposed rule changes, according to an October 11 filing. The decision was expected by October 19, but has now been postponed to December. 3. This represents another example of the SEC deferring a…
A balanced and predictable fee structure for Ethereum (ETH) Layer 1 and Layer 2 solutions is a necessity for the ecosystem, said Ethereum (ETH) co-founder Vitalik Buterin. A number of fee-sharing models may help protect Etherians from a “mixed economy” where tax rates can be highly volatile.As L1/L2 pricing debate heats up again, Vitalik Buterin suggests a 'valuable starting point'To satisfy all users of the Ethereum (ETH) ecosystem, employ mechanisms that ensure that both Layer 1 and Layer 2 fee accrual rates are far from zero and that the fluctuations in the ratios are small. There is a need. Ethereum's…
While the Fed's interest rate cuts are likely to lead to a rise in Bitcoin and other risky assets, some stablecoin issuers could see their revenues hit. Stablecoins are currently the 18th largest holder of U.S. government debt in total, with more than $120 billion of that backed by a variety of coins, and Bernstein recently described stablecoins as increasingly “systemically important.” It is called an asset class. According to CryptoQuant, Tether (USDT) and USD Coin (USDC) dominate the market, accounting for 70% and 21% respectively. “For most of these stablecoin issuers, the core business model is that the product…