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Cryptocurrency markets are trading sideways on Tuesday. cryptocurrencyprice Gain +/-Bitcoin BTC/USD $67,436.75 -0.03%Ethereum ETH/USD $2,626.50-1.7%Solana Sol/USD $168.23+1.3%dogecoin doge/usd $0.1395-2.3%Shiba Inu SHIB/USD $0.00001823 -1.3% Notable statistics: According to IntoTheBlock data, large transaction volume increased by 78.9% and daily active addresses decreased by 4.6%. Transactions over $100,000 increased from 5,769 to 8,957 in one day. Exchange net flows fell by 151%. According to Coinglass data, 57,215 traders liquidated for $165.97 million in the past 24 hours. Notable developments: Top losers: cryptocurrencyprice Gain +/-ape coin Ape/USD $1.26-18.2%dYdX (native) DYDX/USD $1.11-11.6%mogcoin MOG/USD $0.052012-5.3% Trader notes: Bitcoin prices are relatively flat, with industry expert Justin…
As we head into October 2024, it’s important to stay ahead of the crypto game. There are several standout projects worth considering, but Qubetics leads the way as a potential game changer. This article explains why Cubetics is a must-see along with Bitcoin, Solana, Cardano, and SUI. Whether you are an experienced investor or a beginner in the cryptocurrency field, these projects offer various opportunities for growth. 1. Cubetics ($TICS) – Aiming to unify all blockchains Qubetics are taking the world by storm. If you haven't heard of it yet, now is the time to pay attention. What makes Qubetics…
Mumbai: In a major shift in its fundraising strategy, ISIS has moved away from popular cryptocurrencies such as Bitcoin and Ethereum, and is increasingly soliciting donations through Monero, a privacy-focused cryptocurrency known for its untraceable transactions. The changes are in response to the increasing traceability of non-privacy-oriented tokens, making Monero (XMR) a preferred choice for terrorist groups seeking to evade financial oversight, officials said. This cryptocurrency utilizes advanced technology to obscure transaction details, such as the amount sent and the identity of both the sender and recipient.Law enforcement and counterterrorism organizations have warned of ISIS's use of Monero, particularly in…
Enjoy Blockworks.co's Lightspeed Newsletter. Get the news delivered straight to your inbox tomorrow. Subscribe to Lightspeed Newsletter. News has trickled out that Stripe has acquired stablecoin platform Bridge for $1.1 billion. This acquisition is one of the largest ever in the crypto space, and stablecoins are expected to provide critical liquidity to the crypto market and improve the efficiency of TradFi. It gave some credence to the idea that this could be the case. This story also comes days after Stripe officially announced that it has re-enabled stablecoin cryptocurrency payments in the US. At the risk of adding more noise…
Europe, and Germany in particular, will be part of a “resilient” global economy with “stable but not spectacular” growth, according to the International Monetary Fund's latest forecasts released at the IMF launch today, Tuesday. It is said to represent a weakness. It will hold its annual meeting in Washington this week with its sister organization, the World Bank. As predicted by the IMF on the 80th anniversary of Bretton Woods in 1944, the euro area is expected to grow by just 0.8% in 2024, compared with 2.8% for the United States and 4.5% for China. Only Spain stands out amid…
MicroStrategy CEO Michael Saylor dismissed the idea of governments seizing Bitcoin as a “metaphor,” but argued for custody by large financial institutions rather than self-custody.Saylor recently appeared on the Markets with Madison podcast and addressed the concerns of people he calls “paranoid crypto anarchists” who fear such seizures. He said such individuals often defy regulations, government authority, taxes and reporting requirements, increasing the risk of foreclosure.According to Thaler,“When you have a bunch of unregulated crypto anarchists who don’t recognize government, don’t recognize taxes, don’t recognize reporting requirements, and hold Bitcoin, I think that increases the risk of seizure.”He stressed that,…
On October 21, decentralized exchange (DEX) Raydium surpassed the Ethereum network in 24-hour revenue, according to DefiLlama. According to DefiLlama’s data on daily revenue from protocol fees, Raydium, hosted on the Solana blockchain, had $3.4 million in fee revenue for the day, compared to Ethereum’s $3.35 million. Ethereum is still recovering from a sharp drop in revenue after the network's March Dencun upgrade slashed transaction fees by about 95%. While Ethereum still outperforms other blockchain networks such as Solana, it regularly lags behind protocols such as Radium. Related: Pump.fun upends Ethereum with 24-hour revenue generation — DefiLlamaAccording to data from…
advertisement     Minneapolis Fed President Neel Kashkari, who once likened Bitcoin to a Beanie Baby, clashed with the crypto community on Monday when he declared the digital asset was only useful for buying drugs and other criminal activities. Kashkari is not a friend of cryptocurrencies Kashkari claims that cryptocurrency payments are primarily related to illegal activities. Speaking Monday at a Wisconsin City Hall event hosted by the Chippewa Falls Area Chamber of Commerce, he said cryptocurrencies are being used for “a very small number of transactions.” “People are buying and selling cryptocurrencies, but they are not paying for goods…
Legendary investor Paul Tudor Jones is concerned about the current state of the US economy and rising debt. His investment solutions for hedging inflation include buying commodities. Bitcoin. “I think all roads lead to inflation,” he says said Tuesday CNBC. “I'm long gold, I'm long Bitcoin. I'm long commodities because I think they're incredibly undervalued.”He added that most young people find an inflation hedge by investing in the Nasdaq, “which is great.” Mr. Jones, a billionaire investor who founded the hedge fund Tudor Investment Corporation, said he was concerned about the U.S.'s rising debt. The US national debt currently stands…
Bitcoin remained stable on the day, trading above $67,000 on Tuesday. Ethereum and XRP corrected by nearly 2% on the day. The US presidential election could affect the prices of Bitcoin and altcoins, according to experts. Bitcoin, Ethereum, XRP updates Bitcoin was trading at $67,184 early Tuesday. The largest cryptocurrency by market capitalization has held steady above the $67,000 level as traders speculate on the outcome of the US presidential election. Ethereum fell 1.57% on the day to trade at $2,624. The Ether ETF recorded net outflows of $20.8 million, according to data from Farside Investors. XRP traded at $0.5327,…