Jessie A. Ellis January 9, 2025 02:46 According to BounceBit, BB tokens have expanded to Ethereum, using LayerZero’s Omnichain Fungible Token Standard to improve cross-chain access and liquidity. In a significant advancement for cross-chain accessibility, BB Token has officially expanded its operations to the Ethereum blockchain. This expansion marks a strategic milestone in strengthening the institutional capital bridge by leveraging LayerZero’s innovative Omnichain Fungible Token (OFT) standard, as reported by BounceBit. Seamless cross-chain bridge launched Users can now easily link their BB tokens between the BounceBit chain and Ethereum by leveraging a dedicated portal…
Author: Crypto Flexs
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XRP has been witnessing some range accumulation over the past month. Short-term speculative sentiment was bearish, but a near-term rise to $2.4 is expected. Ripple (XRP) has a bullish long-term outlook. The rally to $2.9 led to the formation of a steadily accumulating range from the bulls. Experienced commodities trader and classic chart analyst Peter Brandt recently called for a market capitalization of $500 billion for XRP. XRP Range Formation and Next Buying Opportunity Source: XRP/USDT on TradingView During the month, XRP traded in an extended range from $2 to $2.62. The intermediate level of $2.31 has acted as both…
This article is also available in Spanish. Ethereum price failed to clear the $3,450 resistance and extended losses. ETH is struggling and could continue falling if it stays below $3,500. Ethereum began a new downtrend in the $3,450 range. The price is trading below $3,400 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 $3,340. The pair may struggle to initiate a new rally above the $3,400 resistance. Ethereum price expansion loss Ethereum price failed to begin a recovery above the $3,500 level and,…
Caroline Bishop January 9, 2025 03:07 AMD is introducing optimizations to the visual language model, improving speed and accuracy in a variety of applications such as medical imaging and retail analytics. Advanced Micro Devices (AMD) has announced significant improvements to Visual Language Models (VLMs), with a focus on improving the speed and accuracy of these models in a variety of applications, as reported by the company’s AI group. By integrating visual and textual data interpretation, VLM has proven essential in fields ranging from medical imaging to retail analytics. Optimization technology for improved performance AMD’s…
In this week’s newsletter, read how non-fungible tokens (NFTs) remain a hot topic as Pudgy Penguins’ PENGU tokens drop more than 50% in NFT sales, and how PUBG creator Brendan Green rejects NFT integration in the upcoming metaverse. Find out why and why Eden Gallery filed a motion to dismiss the NFT holders’ lawsuit.On January 5, Pudgy Penguins’ native token, PENGU, soared 13% to become one of the best-performing tokens in the cryptocurrency market, trading at $0.040 at the time. This is a 250% increase over the December 17, 2024 launch.Although the token debuted at $2.8 billion, some large holders…
The Rise of Bitcoin: The Fastest Path to Wealth?Bitcoin (BTC) has once again shattered expectations, proving to be one of the most lucrative investment opportunities of the modern era. By surpassing the $100,000 milestone, BTC has not only solidified its dominance in the cryptocurrency space, but has also transformed thousands of early investors into millionaires and even billionaires at a rate that traditional stock markets cannot match.This article is based on the following research: Altcoin investor and saveableLearn more about Bitcoin’s unparalleled performance and how it outperforms stocks when it comes to wealth creation.Key highlightsBitcoin has surpassed $100,000. 14,211 new…
join us telegram A channel to stay up to date on breaking news coverage Popular meme coin Pepe (PEPE) is currently trading at $0.000017, reflecting a slight decline following its recent surge thanks to support from Elon Musk. An update to Musk’s However, the price of PEPE subsequently fell, highlighting volatility in the cryptocurrency market. PEPE Key Statistics Current price: $0.000017 Market capitalization: $7.2 billion Volume (24 hours): $1.97 billion Circulating supply: Article 69 PEPE Total Supply: Article 69 PEPE CoinMarketCap Ranking: #24 Pepe (PEPE) hit an all-time high of $0.000028 on December 9, 2024. After this peak, the token…
After a lackluster 2024, Ethereum began 2025 with a surge of more than 13% since the beginning of the year. This impressive performance has reignited optimism among investors who are anticipating a boom for ETH and the broader altcoin market. Ethereum’s early strength raised important questions: Can Bitcoin beat Bitcoin after this halving? Top analyst Daan recently shared insightful data showing that ETH has gained an early lead over BTC, driven by positive sentiment and historical patterns of peak periods. In his analysis, Daan pointed out that ETH often performs well during the first quarter, especially after the halving, setting…
Kazakhstan, a leading country in the global cryptocurrency mining sector, has implemented stricter regulations on cryptocurrency activity throughout 2024. According to government website, In 2024, 36 illegal cryptocurrency exchanges were shut down. A total turnover of 60 billion Tenge was destroyed. Additionally, assets worth $4.8 million (approximately 2.5 billion tenge) were frozen and confiscated. According to the government, “These entities (illegal cryptocurrency exchanges) do not identify customers and do not identify suspicious transactions. Therefore, these services are frequently used by cyber fraudsters and drug traffickers.” “As a result of joint work with the National Security Commission and the Ministry of…
BitMEX founder Arthur Hayes said there will come a time this year when the risk curve begins to shift capital into select altcoins. In a new essay, Hayes says the digital asset industry could experience a “disappointment” by President Trump if he ultimately does not support cryptocurrencies as much as he campaigned, sending market prices down. But he says if that were to happen, a flood of new liquidity from the Treasury and the Federal Reserve could easily balance it out. “The extremely positive dollar liquidity environment in response to Trump’s proposed pro-crypto and pro-business legislation could add up to…