Bitcoin Bitcoin -0.41% Wallet app Fold is set to launch ACH Rewards, paying out up to 1.5% in Bitcoin for payments made through the platform, Senior Marketing Manager Brian Harrington recently told The Block.Companies that launched payment cards by joining Visa’s Fintech Fast Track accelerator program in 2020 Use Bitcoin as a rewardIt claims to be the first to offer a cryptocurrency-based Automated Clearing House (ACH) rewards program. Harrington said that today, ACH payments are typically reserved for large electronic transfers, such as mortgage, credit card and rent payments, meaning users could end up with cryptocurrency on some of their…
Author: Crypto Flexs
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On July 23, Bitcoin (BTC) bulls fought to defend $66,000 as the U.S. spot Ethereum (ETH) exchange-traded fund (ETF) surprised analysts.BTC/USD 1-hour chart. Source: TradingViewEther ETF performance is impressiveAccording to data provided by Cointelegraph Markets Pro and TradingView, BTC price is rebounding after initial weakness on Wall Street.The launch of spot Ether ETF trading appeared to take market participants by surprise, with volumes exceeding $100 million in just 15 minutes, sending ETH/USD up 2.3%, recovering from its initial plunge.“So far the spot ETF launch has been as expected – profit taking sell-offs on both puff and spot. The move has…
Louisa Crawford 23 July 2024 15:20 Infosys leverages NVIDIA NIM and NeMo Retriever to improve telecommunications network operations, reducing latency by 61% and increasing accuracy by 22%. Telecommunications companies face the ongoing challenge of meeting service level agreements (SLAs) to ensure network quality and quickly resolve complex network issues. These challenges often result in long-term network downtime, impacting operational efficiency and customer experience. To address these challenges, Infosys developed a generative AI solution using NVIDIA NIM and NVIDIA NeMo Retriever that aims to streamline network operations centers (NOCs) by automating network troubleshooting, minimizing downtime,…
Decentralized smartphone APhone and Aethir have jointly launched a new scaling solution that promises to increase APhone’s user capacity by 10x and bring greater scalability to the decentralized physical infrastructure (DePIN) industry.The new scaling solution will allow APhone to support over 800,000 concurrent daily users while reducing its monthly user cost from over $6 to less than $0.60 – a cost savings of over 90%.According to William Paul Peckham, Aphone’s chief business officer, the significant cost savings were achieved through Aethir’s decentralized GPU cloud computing network. He told Cointelegraph:“(Aethir) has been able to reduce costs by streamlining operations and negotiating…
The XRP (XRP) market is well positioned for a price surge from now until October, thanks to a potential breakout on the charts, whale activity, and the end of Ripple’s legal battle with the SEC. In doing so, the XRP/USD pair could finally see value approaching or even surpassing $1, a level it hasn’t reached since 2021.XRP price is getting closer to a long-awaited technical breakthrough.The XRP weekly chart shows a symmetrical triangle pattern that has been forming since early 2018. It is characterized by converging trend lines that compress price action.The cryptocurrency is testing the pattern’s upper trendline resistance…
Kamala Coin Rises 80% Since Biden’s Resignation Biden’s resignation has implications for political meme coin markets. Speculation shifted to Kamala Harris. The Memecoin space is very competitive, with thousands of new tokens being created every day. For this reason, many Memecoins are trying to position themselves to capitalize on the latest cultural trends, including politics. Most recently, a meme coin benefited significantly from President Joe Biden’s announcement that he would not run for reelection. After Biden endorsed Vice President Kamala Harris, the little-known Kamala coin hit an all-time high. Kamala Coin Surges After Biden Withdraws Primary The little-known Kamala Coin…
As we head into the middle of summer, the crypto world continues to flourish with exciting developments and insights. In this issue, we bring you the latest news from BitPay, industry updates, and upcoming events you won’t want to miss. From our participation in the Litecoin Summit and Bitcoin Conference to groundbreaking industry reports and new financial product launches, we’ve got all the essential updates to keep you informed and engaged.Jump into the ever-changing cryptocurrency market and stay ahead!On this issue: BitPay in the spotlightCheck out the latest news from BitPay this month:Industry NewsRead news from across the blockchain industry:With…
The surprising success of Bitcoin exchange-traded funds (ETFs) earlier this year Ethereum Ethereum +0.11% ETF — Launching today – in an interesting location.The Bitcoin ETF was widely considered the most successful ETF launch of all time, both in terms of volume and flow on the first day, and in terms of sustained high metrics in the months that followed. Now, the Ethereum ETF is likely to capture only a fraction of the flow that other ETFs have seen, but it could still be one of the most notable ETF launches of all time.“A typical ETF, if you’re lucky, will trade…
Jorg Hiller 23 Jul 2024 12:21 Bitcoin (BTC) recovered more than 29% from its July low to hit a 39-day high of $68,560, fueled by strong market signals and rising investor confidence. Bitcoin (BTC) experienced an exceptionally positive week, reaching a 39-day high of $68,560 and recovering more than 29% from its local low on July 5, according to Bitfinex Alpha. The cryptocurrency showed strong upside momentum, with five consecutive days of gains from July 12 to July 16. Market resilience amid massive sell-off The key event that affected the market was the liquidation…
NBA legend and Hall of Famer Scottie Pippen is getting thousands of responses on social media after posting a question about cryptocurrency. The retired six-time NBA champion posted a simple question on social media platform X over the weekend: Ethereum (ETH) or Solana (SOL)? But the Hall of Fame inductee’s question didn’t get a simple answer, generating 5,600 responses, a mix of responses from prominent members of the crypto community, some of whom didn’t even offer an opinion on either of the top two smart contract platforms. For example, Jack Mallers, CEO and founder of Bitcoin wallet and payments app…