SWIFT, UBS Asset Management, and blockchain oracle provider Chainlink (LINK) have joined forces to successfully complete a pilot to settle tokenized transactions on the Swift network. According to Swift’s new announcement, this initiative will allow digital asset transactions to be settled off-chain through fiat payment systems around the world. The goal of the pilot was to address challenges in traditional financial operations, including payment delays and real-time transparency. We leveraged Chainlink and Swift to settle subscriptions and redemptions for tokenized investment vehicles. Jonathan Ehrenfeld, Head of Strategy at SWIFT, says: “For digital assets to be adopted globally, they must integrate…
Author: Crypto Flexs
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join us telegram A channel to stay up to date on breaking news coverage MAGA price is up 4% in the last 24 hours. Deal for $3.30 As of 0:19 AM ET, trading volume had increased 37% to $20.8 million. This comes with Kamala Harris slightly ahead of Donald Trump. National opinion poll average As the US presidential election approaches, 48% are ahead of Trump’s 46.8%. Mark Price Setting for an Upward Trajectory The current MAGA price action has formed a descending channel (indicated by two white trend lines), indicating a downtrend. However, the $2.5 support zone within the lower…
Dogecoin (DOGE) is one of the best cryptocurrency assets, up 12% in the last 24 hours. Mimcoin has gained positive sentiment as the results of the US presidential election draw closer, with markets heavily anticipating a Republican victory. In the fourth quarter, Dogecoin is up 65% since October 1, and if Donald Trump is elected as the 47th President of the United States, the cryptocurrency asset could rise another 30% within hours. DOGE is in a “strategic position” amid the US election results.Independent cryptocurrency analyst Master Kenobi noted that DOGE remains the most “strategically positioned” cryptocurrency when it comes to…
The $1.6 leveraged buy created a ton of liquidity. A drop below that level could create a risk of rapid liquidation for leveraged bulls. SUI was one of the best performing Layer 1s in 2024. Japanese food Ethereum and Solana (SUN) On some fronts. In fact, it was one of the assets to hit record highs during the market recovery in October. This resulted in SUI price retracements later proving irresistible to sideline speculators. As a result, many speculators opened long positions at around $1.6, and liquidity built around the support line for a while. According to AlpharactalDue to the…
Timothy Morano November 4, 2024 21:31 Insights from a16z Cryptocurrency show that U.S. government agencies can adopt concrete measures to promote web3 innovation and decentralization, thereby enhancing regulatory clarity and consumer protection. The U.S. government faces a pivotal opportunity to embrace the potential of web3 technologies by implementing strategic actions that promote innovation and decentralization. As a16z crypto suggests, these measures could be taken separately from new legislation, providing a path for the U.S. to lead the way in the burgeoning cryptocurrency sector. Emphasis on competition and innovation The key to advancing web3 is…
VanEck has listed a European exchange-traded security (ETN) that tracks the performance of PYTH, the native token of the Pyth Network, the asset manager said on November 5. The VanEck Pyth ETN will trade on Euronext Amsterdam and Euronext Paris, the asset manager said. It is available to investors in 15 European countries, including Germany, France, Norway and Switzerland. The Pyth network is a decentralized oracle protocol designed to allow smart contracts to interact with off-chain data and communicate with other blockchain networks. PYTH is the governance token of the Pyth Network. Its fully diluted market capitalization is about $3.4…
Bitcoin (BTC) surged as much as 3.7% on November 5 as U.S. presidential election volatility hit cryptocurrencies hard.BTC/USD 1-hour chart. Source: TradingViewAs voting begins, there will be significant BTC price volatility.Data from Cointelegraph Markets Pro and TradingView shows the price of BTC on Bitstamp soaring to nearly $70,300.A subsequent correction quickly brought BTC/USD back to $69,500, but it was mostly sell positions that were liquidated as the sudden surge took the market by surprise.source: Eric Balchunas“All of a sudden we were buying spot all at once,” popular trader Exitpump told X’s followers about the latest BTC price action.BTC/USD chart with…
Terrill Dickey November 4, 2024 21:58 As the US election approaches, the potential of blockchain in democratic processes is gaining attention, with liquid democracy and on-chain voting coming to the forefront. As the United States prepares for the November 5 election, conversations about the role of blockchain technology in the democratic process have intensified. According to the a16z cryptocurrency, the revival of citizen assemblies and the exploration of ‘liquid’ democracy are gaining traction along with the advancement of on-chain voting mechanisms. On-chain voting and liquid democracy Liquid democracy, an idea popularized by 19th-century thinker…
Follow Aaron. our or X. After blessing a pair of classy gold sneakers and an American Bible, Donald Trump’s cryptocurrency, World Liberty Financial (WLFI), immediately appeared to me like another way to squeeze more money out of his fan base. But when YouTuber Coffeezilla analyzed the project in more detail, it turned out to be even more ridiculous than I expected.First of all (not surprisingly), WLFI is fully pre-mined. 20 billion coins, equivalent to 35% of the total supply, are being sold for $0.015 each. The remaining 65% of coins are allocated to protocol development and insiders.This means that they…
A popular on-chain strategist says Ethereum (ETH) is demonstrating a great risk-reward ratio setup. Analyst Ali Martinez told his 76,900 followers on social media platform “Ethereum’s risk-reward ratio is too good to abandon a long position! I have set a stop below $1,880 and am aiming for a target of $6,000.” Source: Ali Martinez/X Looking at his chart, the analyst suggests that ETH is holding the lower trend line of the rising channel as support and could soon retest the upper limit around $6,100. However, fellow cryptocurrency trader Benjamin Cowen told his 819,000 YouTube subscribers that he expects ETH to…