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The euro extended its decline against other major currencies in the G10 group, with EUR/USD falling below the crucial level of 1.08 on Tuesday. The single currency is likely to remain weak for some time. advertisementThe euro continued to weaken against other major currencies as the IMF downgraded its economic growth outlook for the euro area. Over the past month, the single currency has fallen more than 3% against the US dollar, falling below 1.08, its lowest level since August 2. The euro also depreciated by 0.77%, 1.47% and 1.54% against the British pound, Swiss franc and Australian dollar, respectively,…
Vitalik Buterin said that full verification of the chain should be computationally affordable enough to be performed by default on smartwatches. Posted on October 23, 2024 at 2:31 AM EST. Two years have passed since the completion of the Ethereum merge, marking the moment when the network officially transitioned from a proof-of-work (PoW) chain to a proof-of-stake (PoS) chain. Although this was an important milestone in Ethereum's history, the network's roadmap towards “Ethereum 2.0” is still only 55% complete. Ethereum co-founder Vitalik Buterin has laid out plans for further upgrades after going through stages he calls “surge,” “scourge,” “brink,” “purge,”…
On-chain data shows Tesla retains all of its Bitcoin holdings, dispelling recent speculation about a possible sale. Last week, blockchain analysis firm Arkham Intelligence reported that Tesla had transferred all of its assets, 11,509 BTC (currently worth more than $776 million), to a new, unidentified wallet. The big move sparked speculation that Elon Musk's Tesla would sell its Bitcoin assets again. However, Arkham Intelligence updated its findings to suggest that the transfer was made internally and that Tesla still owns the Bitcoin. Tesla holds all 11,509 Bitcoins In a statement regarding X, Arkham revealed: “We believe the Tesla wallet movement…
Santiment uncovers key cryptocurrency trends, including Trump memes, Apecoin's surge, and Bitcoin price predictions. Apecoin's price surge coincided with the launch of ApeChain, sparking bullish sentiment among traders. Bitcoin is nearing all-time highs, with traders speculating it could top $70,000. Cryptocurrency analysis platform Santiment has shared the most discussed topics on cryptocurrency social media. This report includes both fun memes and professional financial analysis, including President Trump's McDonald's trip, Apecoin's massive increase, and current Bitcoin price predictions. 🗣️ Here are the top trending topics centered around crypto social media:🍔 #McDonalds: A humorous and critical perspective on Donald Trump's visit to…
Cryptocurrency enthusiasts are once again showing confidence. Ethereum, The second largest digital asset capacity in the ongoing cycle, some experts believe ETH could witness a historic price rise to unprecedented heights at the peak of this bullish cycle. I predict that. These experts point to past market trends and ETH's strong growth as key indicators of ETH's long-term potential. Ethereum’s massive rally could depend on a significant breakout Ethereum price is on the verge of history as cryptocurrency analyst and investor Trader Tardigrade predicts a big jump for Ethereum to all-time highs, especially $10,000, a milestone in the current bull…
Market participants withdrew 29,378 ETH from the exchange, indicating a shift to holding rather than trading. This is in contrast to recent activity where 312,183 ETH was deposited, which has seen mixed behavior among investors. The net outflows suggest that some investors are optimistic about Ethereum's long-term value. If this withdrawal trend continues, it could lead to Ethereum price stabilizing or even rising. Overall, these changes in currency activity are important in understanding market sentiment. As of late October 2024, the number of Ethereum (ETH) addresses holding at least $1 million has increased significantly, indicating growing confidence…
Stay informed with free updatesJust sign up for Exchange traded fund myFT Digest — delivered straight to your inbox.The approval of spot crypto exchange-traded funds in the US, Hong Kong and other markets has highlighted the contrasting and conservative approach taken by Japanese regulators.Japan has long billed itself as a digital asset-friendly country as part of its broader ambitions to become a larger wealth management hub. However, at the policy level, there has been a reluctance to boldly lift the tax and regulatory restrictions necessary for widespread use.According to Oki Shiozawa, investment director at Sumitomo Mitsui Trust Asset Management, it…
Avalanche Foundation has introduced a new cryptocurrency card powered by Visa. This will allow users to seamlessly use cryptocurrencies at payment points.The Avalanche card, announced on Tuesday, supports Circle's USD Coin (USDC), Wrapped AVAX (wAVAX), BENQI Liquid Staked AVAX (sAVAX), and other cryptocurrencies.Avalanche Card's website says the card is available in both physical and virtual formats and can be used “anywhere Visa is accepted.” The card is linked to a “self-custodial wallet and a unique address for each asset,” and although the card is a credit card rather than a debit card, your activity “will not be reported to credit…
A prominent crypto analyst who accurately predicted Bitcoin's collapse in May 2021 has now made a bold call on the meme-inspired cryptocurrency Dogecoin to break through a key resistance level. It points out the possibility of a significant price increase. Pseudonymous trader Dave the Wave, who boasts a huge following of 146,500 on micro-blogging platform , and suggested in a new post that meme coins could soon see a massive price increase. daily chart. Analysts argue that if the digital asset manages to break above this key resistance level, it could signal a significant price rally. It is worth noting…
A frenzy of airdrop applications for a new Ethereum Layer 2 network called Scroll pushed the price of BLOBs up to $4.52 at one point, marking the third time that BLOBs have become more expensive since Ethereum's Dencun upgrade in March. . “Scroll airdrop claims just caused a blob market and it’s no longer free,” pseudonymous crypto data analyst Hildby said in an Oct. 22 post on X. He blamed the rise in Blob fees on the Ethereum L2 scroll airdrop. Ethereum L2 Scroll listed its governance token SCR on Binance and airdropped the token to users on October 22nd.…