Ether (ETH) last traded above $4,000 on March 14, two months before the U.S. Securities and Exchange Commission approved an Ether spot exchange-traded fund (ETF) on May 23. Traders are questioning whether the bullish momentum has faded and, if not, what could drive a sustained rally above $4,000.The launch of the Spot Ether ETF was not optimal. Part of the lack of investor enthusiasm can be attributed to the disappointing performance of the cryptocurrency market. The total market capitalization of the sector currently stands at $2.42 trillion, 16.5% below the March 14 2024 peak of $2.82 trillion. A contributing factor…
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David Marcus, the founder of the Facebook-backed stablecoin Libra, has expressed support for the Republican administration and former President Donald Trump ahead of the upcoming US election.in post On Wednesday, Marcus said he had made a “gradual political 180-degree turn” over the years. After the Libra white paper was released, Marcus said he had spoken to lawmakers and made some observations, including that Republicans wanted to understand Libra’s goals and risks. “At the time, I still believed in the mainstream idea that the Democratic Party was about serving the people. But I was shocked to learn that while most Republicans…
Terryl Dickey August 1, 2024 02:03 Oracle Cloud Infrastructure (OCI) now offers NVIDIA L40S GPU bare metal instances to enhance AI and digital twin capabilities. According to the NVIDIA Blog, Oracle Cloud Infrastructure (OCI) has announced the availability of NVIDIA L40S GPU bare metal instances. This expansion is aimed at meeting the growing demand for advanced technologies such as generative AI, large-scale language models (LLMs), and digital twins. NVIDIA L40S, now available for order from OCI The NVIDIA L40S GPU is designed to provide multi-workload acceleration for a wide range of applications, including generative…
Altcoin holders have some hope as SEC amends Binance lawsuit The move appears to be a strategic move by the agency. Experts Explain Why SEC Changes Won’t Improve the Chances of a Solana ETF Approval Altcoin traders have welcomed the latest development in the Binance lawsuit as the U.S. Securities and Exchange Commission (SEC) has revised its charges against altcoins. In particular, the SEC is now trying to avoid setting a precedent on whether these altcoins, including Solana (SOL), are securities. Many altcoin holders welcomed the decision as a victory, as this ruling could set a precedent for all altcoins.…
Ether (ETH) last traded above $4,000 on March 14, two months before the U.S. Securities and Exchange Commission approved an Ether spot exchange-traded fund (ETF) on May 23. Traders are questioning whether the bullish momentum has faded and, if not, what could drive a sustained rally above $4,000.The launch of the Spot Ether ETF was not optimal. Part of the lack of investor enthusiasm can be attributed to the disappointing performance of the cryptocurrency market. The total market capitalization of the sector currently stands at $2.42 trillion, 16.5% below the March 14 2024 peak of $2.82 trillion. A contributing factor…
Timothy Morano July 31, 2024 15:48 Circle’s July 2024 update includes social login, email OTP for programmable wallets, and ‘enum’ updates for Solana API endpoints. Circle has announced a significant update to its Web3 service in July 2024, which aims to improve the developer experience on its Programmable Wallets platform. According to Circle, these updates include social login, email OTP (one-time password) authentication, and ‘enum’ updates to API endpoints to align with the Metaplex standard of the Solana blockchain. New onboarding and authentication methods The latest update introduces social login and email OTP to…
Crypto-friendly communication platform Telegram has launched a browser and mini app store along with other updates. Users can use their browser to switch between websites and platform messaging, including decentralized websites. ton +1.08% Site, Telegram CEO Pavel Durov said in the messaging app:“Telegram’s browser will power decentralized websites hosted on TON, as well as all of our mobile and native desktop apps. This will allow us to bring Web3 to our roughly 1 billion monthly active users immediately,” the Telegram team wrote in a blog post on Wednesday. Not only will Telegram users be able to send “stars” to friends…
According to the latest figures, approximately $1 billion worth of token unlocks are set to hit the cryptocurrency markets in August. Citing data from TokenUnlocks, blockchain reporter Colin Wu reported that more than $900 million worth of unlocks are poised to be completed next month. Some of the largest unlocks include decentralized exchange (DEX) dYdX, layer 1 blockchain Sui, and Ethereum (ETH) layer 2 Arbitrum (ARB). The largest token unlock over the next seven days will be on the cross-chain interoperability protocol Wormhole, which will release $154 million worth of W tokens, representing 33% of the supply. Analytics firm IntoTheBlock…
Jessie A Ellis July 31, 2024 16:08 Learn about the intricacies, benefits, and unique features of Tezos Smart Rollups, such as their optimistic and sacred nature, according to Tezos Spotlight. Tezos is making waves in the blockchain space with the launch of Smart Rollups, a layer-2 scaling solution designed to significantly increase transaction capacity. According to Tezos Spotlight, these rollups move computation from layer-1 to dedicated infrastructure, improving efficiency and performance.What is Tezos Smart Rollup?Tezos Smart Rollups is a Layer 2 solution that optimizes transaction throughput by processing off-chain computations and periodically committing the…
Join us telegram Stay up to date with the latest news coverage by subscribing to our channels. The XRP price has surged 8% over the past 24 hours, trading at $0.6444 as of 1:15 AM ET, with volume surging 144%. This comes amid speculation that a settlement could be reached in Ripple’s long-running lawsuit against the U.S. Securities and Exchange Commission. The two are meeting privately on Thursday after the regulator canceled a previous meeting. 🚨 #ripple prepare #secretary: A secret meeting is scheduled for August 1st! This could be a breakthrough for Ripple’s final consensus! 📈💼 Have you all…