Ethena is preparing to launch a new cryptocurrency-based product aimed at attracting traditional finance (TradFi) institutions.The blockchain platform plans to launch its new iUSDe product in February. According to Ethena’s 2025 roadmap released on January 3, iUSDe, which is based on sUSDe, a synthetic dollar, introduces a “simple wrapper contract” that adds transfer restrictions at the token level.According to the roadmap, Ethena’s main goal in the first quarter of 2025 is to work with TradFi distribution partners to make iUSDe accessible to customers. Ethena plans to announce these partners by the end of January.“Our sole focus for the first quarter…
Author: Crypto Flexs
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US-based cryptocurrency exchange Coinbase has acquired the Cyprus operations of BUX, now rebranded as Coinbase Financial Services Europe. According to Finance Magnetes, the acquisition will grant Coinbase a Cyprus Investment Company License under the Cyprus Securities and Exchange Commission, allowing it to offer contracts for difference across the European Economic Area. CFDs are financial instruments that allow traders to speculate on asset price movements without owning the underlying asset. This means that users can bet on whether the price of an asset will rise or fall. The new license allows Coinbase to mark a strategic move to diversify its services…
A prominent cryptocurrency analyst says meme asset Dogecoin (DOGE)’s rival Shiba Inu (SHIB) needs to maintain a certain support level to avoid collapsing. In a new video, cryptocurrency trader Ali Martinez told his 106,500 followers on social media platform According to Martinez, a breakout of these levels would be bearish for the dog-themed memecoin. SHIB is trading at $0.00002255 at the time of writing, up 6.5% in the last 24 hours. Moving into Bitcoin (BTC), traders said they need to avoid falling below $90,000 to prevent BTC from falling further. “According to MVRV price bands, if Bitcoin BTC falls below…
Yorg Healer January 3, 2025 01:38 ElevenLabs is introducing a new Workspace Group Management feature that improves access control, allowing organizations to effectively manage permissions and prevent unauthorized product use. ElevenLabs has unveiled a new group management feature within workspace settings in a strategic move to increase organizational control. According to ElevenLabs, these improvements aim to streamline access management and prevent unauthorized use of product features. Enhanced Access Control A newly introduced feature provides workspace administrators with the ability to set specific permissions for various groups and members. This includes restricting access to certain…
ADA sent a strong bullish signal and appeared to be trading near a classic breakout pattern. Derivatives data has indicated growing interest from traders, and significant support and resistance levels could quickly change ADA’s trajectory. Cardano (ADA) posted a massive 270% rally between early November and early December before reversing from long-term trendline resistance. However, despite this decline, the altcoin’s price action remained well above the 20/50/200-day EMA, supporting strong bullish momentum. With broader market sentiment still volatile, ADA’s near-term volatility could present a profitable opportunity for traders. Can Cardano Stay Strong? Source: TradingView, ADA/USDT ADA has maintained a strong…
Terrill Dickey January 3, 2025 02:35 Arkham Intelligence announced a partnership with Sui to integrate blockchain data to improve functionality for millions of users. The goal of this collaboration is to provide advanced analytics and real-time alerts. Arkham Intelligence announced a strategic partnership with Sui, a leading Layer-1 blockchain network, to integrate Sui’s blockchain data into Arkham’s analytics platform. According to arkhamintelligence.com, the collaboration is set to enhance a suite of features offered by Arkham, including entity and address pages, dashboards, and real-time alerts. Sui’s growing influence Sui has quickly emerged as a prominent…
This article is also available in Spanish. Bitcoin price is recovering losses above $95,000. BTC is picking up pace and could continue rising if it clears the $98,000 resistance area. Bitcoin began a new recovery above the $95,500 area. The price is trading above $96,500 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) has a bullish trendline connecting with support at $95,000. If it stays above the $95,000 support, the pair could start another increase. Bitcoin price recovers further Bitcoin price began a significant uptrend above the $93,200 resistance zone. BTC…
A California resident is suing three Asia-based banks, accusing them of failing to perform basic checks that could have prevented cryptocurrency fraudsters defrauding him of nearly $1 million. In a lawsuit filed in a California district court on December 31, 2024, Ken Liem’s attorneys claim that their client was the victim of a hog slaughter scam after being contacted about a cryptocurrency investment opportunity on LinkedIn in June 2023.Liem’s lawyers said their client convinced an alleged cryptocurrency fraudster to transfer funds over several months under the pretense that they would invest on Liem’s behalf. His lawyers said the funds went…
Caroline Bishop January 3, 2025 03:15 According to NVIDIA, AI technology is advancing solutions in healthcare, environmental conservation, and more. Learn how AI is reshaping industries and driving social impact globally. Artificial intelligence (AI) is playing an increasingly pivotal role in solving the world’s most pressing challenges, from advancing medicine to preserving the environment. According to NVIDIA, NVIDIA has been at the forefront of this revolution by leveraging its comprehensive compute stack, including GPUs, CPUs, DPUs and software, to support innovative solutions globally. Surgeon support In the medical field, AI is also increasing surgical…
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