The Solv Protocol has launched a Bitcoin (BTC) staking token on Solana to attract BTC holders as yield opportunities for the digital currency surge, Solv told Cointelegraph on October 17. The Bitcoin network’s new Layer 2 Scaling Chain (L2) and new BTC yield options in the decentralized finance (DeFi) protocol ecosystem are forcing projects on other networks, such as Ethereum and Solana, to compete for BTC liquidity. The liquid staking derivative (LSD), called SolvBTC.JUP, is designed to generate BTC-denominated returns from trading fees on Jupiter Exchange, one of Solana’s most popular decentralized exchanges (DEXs). The token launch, while still in…
Author: Crypto Flexs
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Bitcoin (BTC) briefly surpassed $68,000 on October 16, its highest since August, but maintaining that level was more difficult than expected. With the Bitcoin price currently trading below $67,500, the most important question is whether BTC price can regain its bullish momentum. While stronger-than-expected economic data from the U.S. has reduced investor appetite for alternative hedging vehicles, TSMC’s strong earnings report shifts traders’ attention to the stock market. While the macroeconomic environment played a significant role in Bitcoin’s rejection of $68,000, one incident in particular in the cryptocurrency industry has sparked expectations that the current Biden-Harris administration will show a…
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Crypto VC Blockchain Capital led a $33 million Series C funding round at African stablecoin exchange Yellow Card.Yellow Card, a Nigeria-based Coinbase portfolio company, has now “completed its equity financing” and has raised a total of $85 million, according to a statement. Earlier this year, Coinbase partnered with Yellow Card to expand accessibility to its products in 20 countries on the African continent.“This newly raised capital will be used to fund growth and expansion, particularly by enhancing Yellow Card’s API and widget products, which are the gateway for international companies (including Coinbase and Block) to enter African markets,” Yellow Card…
Worldcoin, now the World Network, has unveiled major updates and plans to expand to 1 billion users with new Orbs and an improved World App. HighlightsWorldcoin aims to scale from 15 million to 1 billion users.Rebranded from Woldcoin to World Network.New orbs will be delivered to public locations upon request to encourage verification. October 17th, World Coin world $2.13 24-hour volatility: 4.6% Market capitalization: $11.5 billion Vol. 24 hours: $520.56 million Co-inventors Sam Altman and Alex Blania provided a major update on the project and its plans to recruit one billion users. Currently, WorldCoin (now World Network) has 15 million…
Billy Marcus It’s still on the floor DogecoinIt’s a rough ride. Dogecoin took charge of life itself. marcus give a hint investment regret. Billy Markus and Jackson Palmer launched Dogecoin in 2013 as a light-hearted take on the seriousness of the cryptocurrency industry. Over the years, Dogecoin has developed a reputation as a positive force in the often murky world of cryptocurrency, a sentiment that lives on today through the Dogecoin Manifesto. Dogecoin, the first memecoin, has established a unique niche that numerous imitators have attempted to replicate. But even now, Markus is amazed at how his creation grew into…
Felix Pinkston October 17, 2024 16:17 BNB Chain announced Meme Coin Innovation #4, featuring a prize pool of $200,000 and liquidity support of up to $100,000. Creators compete over four rounds based on key performance indicators. BNB Chain plans to enhance the meme coin experience with the launch of Meme Coin Innovation #4. According to the BNB Chain blog, this competitive event will allow meme coin creators to compete for a hefty $200,000 prize pool, with additional opportunities for liquidity support of up to $100,000. Meme Coin Innovation #4 Competition This event is designed…
In today’s fast-moving financial markets, traders need a trustworthy platform that provides a safe, efficient and user-friendly experience. Trustwave.trade has emerged as a competitive platform that meets the needs of both beginners and experienced traders. Whether you trade cryptocurrencies, stocks or forex, Trustwave.trade aims to simplify and streamline the process. Let’s take a look at what makes Trustwave.trade stand out in a crowded market.About Trustwave.tradeTrustwave.trade It is a multi-asset trading platform that provides access to global markets. Designed with a focus on user-friendliness and security, the product is suitable for traders of all levels and provides tools and features to…
Bitcoin (BTC) price has been slowly falling over the past 24 hours, raising the possibility that the asset may have peaked at $68,500. Let’s take a look at the factors that explain why Bitcoin’s recent high may be a regional high. Bitcoin spot CVD remains negative.During the first quarter rally, Bitcoin hit new all-time highs, and BTC’s total spot cumulative volume delta (CVD) was one of the indicators that continued to increase during the period. This indicator highlights buying pressure from retail investors on exchanges such as Binance, Coinbase, OKX, and Bybit. Currently, total spot CVD is trending downward during…
New data from Tether shows that the number of people who have adopted the company’s USDT is now equal to the entire population of the United States. In a new blog post, Tether said that the largest dollar-pegged digital asset by market capitalization currently has more than 330 million users, not counting those who use it solely on centralized exchange platforms like Coinbase or Binance. “USDT has seen significant adoption with 330 million on-chain wallets and accounts serving as proxies for users eligible to receive USDT by the end of Q3 2024. This corresponds to the US population. And this…