Fidelity Investments aims to add staking to its Ether ETF, potentially giving investors a new revenue stream, pending SEC approval. Investment management giant Fidelity Investments is making strategic moves to capitalize on the burgeoning cryptocurrency staking sector. The company has proposed amendments to the U.S. Securities and Exchange Commission (SEC) that would allow it to stake a portion of its assets in future Ethereum exchange-traded funds (ETFs). If approved, this plan could provide investors with an additional income stream derived from rewards for participating in the Ethereum network’s proof-of-stake consensus mechanism. The dynamics of investing in digital assets are rapidly…
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Ethereum price continued its downward trend below $3,500. ETH is showing some signs of weakness and could fall towards the $3,200 support area. Ethereum began a downward correction below the $3,550 area. The price is trading below $3,550 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) shows a major bearish trendline forming at resistance $3,520. A stay below the $3,520 and $3,550 resistance levels could resume the decline. Ethereum price discount support Ethereum price, like Bitcoin, began a downward correction below the $3,720 and $3,650 levels. ETH fell below the $3,550 support level…
join us telegram A channel to stay up to date on breaking news coverage Forbes web3, a subsidiary of Forbes, a digital asset company and business-focused media company, has launched a collection of non-fungible tokens. In this episode, we take a look at everything you know about Forbes NFT’s new Legacy Pass collection. Forbes launches NFT collection In a March 18 post on the site, Forbes web3 confirmed the launch of the Legacy Pass non-fungible token collection. The NFT collection appears just months after Forbes announced its foray into digital identity through Web3, ENS, and non-fungible tokens. It’s time. Introducing…
Posted 1 minute ago In ~ Grab, Southeast Asia’s leading ride-hailing super app, has started allowing users to top up their wallets with cryptocurrency in Singapore through a partnership with payments company Triple-A.According to local newspaper The Straits Times, GrabPay Wallet now allows users to make payments using cryptocurrencies such as Bitcoin, Ethereum, and stablecoins including XSGD, USDC, and USDT.“This new feature allows users to convert digital assets, such as stablecoins, into usable funds in their GrabPay wallet, providing greater flexibility and convenience,” a Grab spokesperson said in a statement shared with The Block. “By expanding its recharge options to…
Altcoin, short for Alternative Coin, refers to all cryptocurrencies other than Bitcoin. Bitcoin was the first cryptocurrency when it was introduced in 2009 and has remained the dominant cryptocurrency for many years. However, as the cryptocurrency ecosystem has expanded, developers have begun creating their own cryptocurrencies, often with different features, use cases, and underlying technologies compared to Bitcoin. These alternative cryptocurrencies have become known as altcoins.These altcoins can be distributed in a variety of ways, including but not limited to: Diversification of Investment PortfolioMany investors use altcoins to diversify their cryptocurrency portfolio. Holding a mix of different cryptocurrencies allows you…
XRP price began a downward correction at the $0.7450 resistance. Bulls are now struggling to keep the price above the $0.5850 support. XRP began a new downtrend after failing to clear resistance at $0.7450. The price is currently trading below $0.650 and the 100 simple moving average (4-hours). On the 4-hours chart of the XRP/USD pair, there is a major bearish trendline forming at resistance $0.640 (data source from Kraken). A close above the $0.6650 resistance zone could trigger a new rally for the pair. XRP Price Trim Profit After a steady rise, XRP price struggled to rise above the…
Solana meme coins like Slerf have boosted on-chain activity in altcoin networks, with pre-sale projects racking up millions of dollars in SOL within hours. Solana (SOL) decentralized exchange (DEX) has surpassed Ethereum-based platforms like Uniswap and Binance Smart Chain-based solutions like Pancakeswap in trading volume over the past 24 hours amid the memecoin marathon. According to CoinGecko, Raydium, Jupiter, and Orca occupy the top three positions in daily trading activity across all indexed on-chain exchange venues. Raydium’s $2.2 billion, Jupiter’s $2.1 billion, and Orca’s $1.4 billion surpassed the $1.2 billion and $682 million recorded by Uniswap and Pancakeswap, respectively. DEX…
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Binance, one of the leading cryptocurrency exchanges, has announced a new promotion where users can earn rewards by subscribing to SOL or BNB locked products or staking ETH. Participants will have the opportunity to share a portion of 140,000 PIXEL as airdrop rewards and win an iPhone 15. The promotion runs from March 19, 2024 to March 31, 2024. Popular digital asset platform Binance has unveiled an exciting opportunity for users to earn rewards through its latest promotion. The promotion focuses on three main activities: SOL locked product subscription, BNB locked product subscription, and ETH staking. During the Promotion Period,…
In the whirlwind cryptocurrency market, FOMO (fear of missing out) is a reality. This is especially true when stories of incredible profits and missed opportunities spread within the community. One such story that captured the imagination and wallets of many was the Bonk (BONK) rally, a phenomenon that turned ordinary investors into the envy of the cryptocurrency world overnight. But as the dust settles on Bonk’s (BONK) historic run, a new competitor is gaining attention. Option2Trade(O2T), Priced at $0.0181, the AI-powered token is now being heralded by cryptocurrency influencers as the next big opportunity for those looking to replicate the…