Asset management giant BlackRock announced the expansion of BUIDL, the company’s on-chain money market fund, to five new blockchains. According to an announcement from real-asset tokenization company Securitize, a brokerage partner of BlackRock, BUIDL will support layer-1 blockchains Aptos (APT) and Avalanche (AVAX), as well as layer-2 scaling solutions Arbitrum (ARB), Optimism (OP), and Polygon (POL). There is this. Carlos Domingo, CEO and co-founder of Securitize, said: “We wanted to develop an ecosystem that was carefully designed to be digital and take advantage of tokenization. Real-world asset tokenization is expanding and we are excited to add these blockchains to increase…
Author: Crypto Flexs
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Bitcoin (BTC) was trading near $90,000 on November 14 as BTC price action digested another all-time high.BTC/USD 1-hour chart. Source: TradingViewNew Bitcoin all-time high follows US CPI.Data from Cointelegraph Markets Pro and TradingView shows volatility still exists after BTC/USD hit a record $93,483 on Bitstamp the previous day.This comes during a Wall Street trading session based on the latest US inflation data. The October Consumer Price Index (CPI) was in line with forecasts of 2.6% but was nonetheless still on the rise, the Bureau of Labor Statistics (BLS) confirmed.US CPI 12-month % change. Source: BLSAs a result, despite the impact…
contributor Posted on: November 14, 2024 Whale activity has intensified and prices have fallen sharply due to significant POL selling. A break below the key support level at $0.3634 could trigger further declines. Polygon (POL) has gained 13.74% over the past week, but the asset’s trajectory has turned bearish due to changes in market sentiment. In the last 24 hours alone, the price of POL has fallen by 8.12% and further declines are expected in the coming days. POL decline accelerates due to whale sale POL is under extreme selling pressure, with whale activity declining sharply and experiencing bearish changes.…
Iris Coleman November 14, 2024 07:15 Bitfarms Ltd. reported a 30% year-over-year increase in revenue for the third quarter of 2024, highlighting strategic expansion and operational improvements despite industry challenges. Bitfarms Ltd. (Nasdaq/TSX: BITF), a global leader in Bitcoin data center operations, announced its third quarter 2024 financial results, demonstrating significant revenue growth and strategic advancements. The company reported revenue of $45 million, up 8% quarter-over-quarter and 30% year-over-year, according to GlobeNewswire. Financial Performance and Operating Highlights Despite facing industry headwinds, including record-low hash prices and increasing network difficulty, Bitfarms has maintained profitability in…
just alvin November 14, 2024 06:18 ElevenLabs and Wondercraft are collaborating to enhance podcast editing through AI voice technology, helping users create personalized audio content efficiently and effectively. In an innovative collaboration, ElevenLabs and Wondercraft have joined forces to deliver a seamless podcast editing experience through advanced AI technology. According to ElevenLabs, the partnership leverages its popular text-to-speech (TTS) software, which is considered one of the best online, to provide users with high-quality audio creation capabilities without requiring technical expertise. Advanced audio features Built on ElevenLabs’ extensive voice library, Wondercraft’s platform allows users to…
Off The Grid, a battle royale shooter with a hint of blockchain, had an electric debut, with players spinning 9.12 million wallets and processing more than 100 million transactions in its first month. However, Off The Grid’s use of blockchain technology is more of an option rather than a core element. Graphics and gameplay do not run on-chain and NFT in-game items are optional. The game plans to launch a marketplace where you can trade items from Gunz, the Avalanche subnet. The soon-to-be-released GUN Tokens will be an in-game currency that can be used to purchase items and skins. This…
BlackRock’s Bitcoin ETF, IBIT, currently has total assets of $42.56 billion. It completed this task in one-sixth the time of any other ETF, which is an impressive record for growth rate. BlackRock also purchased just under 9,000 BTC at a rapid rate in the last 24 hours. BlackRock’s speed record BlackRock’s Bitcoin ETF now has a total asset value of over $40 billion, according to new data from Bloomberg analyst Eric Balchunas. It ranks in the top 1% of ETFs by AUM, but more importantly, it outperforms other ETFs in speed. The second fastest ETF to reach $40 billion did…
According to a November 13 announcement, Arca and BlockTower Capital have agreed to merge into a unified cryptocurrency investment platform. “Investors have been calling for regulated digital asset investment products for years,” Arca CEO Rayne Steinberg said in a statement. Steinberg added that the merger will help both companies gain “the resources and expertise to effectively manage our current products and expand our investment options.”Both Arca and Blocktower are U.S. registered investment advisors. BlockTower’s venture capital arm, BlockTower Venture Capital, will continue to operate independently, the companies said. “Competing in the maturing digital asset space and serving investors requires a…
This article is also available in Spanish. Ethereum price began a downward correction in the $3,450 area. ETH is currently facing a hurdle as it consolidates near the $3,250 resistance. Ethereum has begun a short-term downward correction in the $3,450 area. The price is trading above $3,120 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) has a bearish trend line connected to the resistance at $3,240. If it remains stable above the $3,120 area, the pair may continue to rise. Ethereum price hit support Ethereum price, like Bitcoin, began a new rise above…
lawrence jenga November 14, 2024 03:59 Binance has announced a commission-free trading promotion for the ADA/JPY, DOGE/JPY, and XRP/JPY pairs starting November 15, 2024. The goal of this plan is to enhance trading activity on the Japanese Yen pair. Cryptocurrency exchange giant Binance has unveiled a new commission-free trading campaign for users focused on ADA/JPY, DOGE/JPY, and XRP/JPY spot trading pairs that will launch on November 15, 2024. Binance will operate until November 27, 2024, offering traders a limited-time opportunity to participate in these Japanese Yen trading pairs without standard trading fees. Promotion Details…