Louisa Crawford 21 Aug 2024 18:16 Tether announced plans to launch a stablecoin pegged to the UAE Dirham (AED) in partnership with Phoenix Group and Green Acorn Investments. Tether, the largest company in the digital asset industry, has announced plans to develop a new stablecoin pegged to the United Arab Emirates Dirham (AED). According to Tether, the initiative will be launched in partnership with Phoenix Group PLC, a multi-billion dollar technology conglomerate in the UAE, and Green Acorn Investments Ltd. New addition to Tether’s stablecoin portfolio The dirham-pegged token will join Tether’s existing stablecoin…
Author: Crypto Flexs
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A popular cryptocurrency strategist believes Bitcoin (BTC) is repeating the recovery seen in early 2020, when it plunged more than 50% in a week before hitting new all-time highs. The anonymous analyst The Crypto Dog told his 811,100 followers on social media platform X that Bitcoin is likely on the verge of a new bullish rally after bouncing off its lows of $48,000 earlier this month. “From here, I started to consider a very optimistic view of the market, comparing this crash from $70,000 to $50,000 to the COVID crash in March 2020. Other scenarios may be possible over time,…
Bitcoin (BTC) has had a great start to 2024, rising more than 40% since the beginning of the year. This has been driven by several positive fundamental factors, including the launch of a spot Bitcoin exchange-traded fund (ETF) in the United States and the halving event that reduced the amount of BTC paid out to miners by 50%. Unlike previous cycles, Bitcoin prices hit new all-time highs ahead of the halving, leading many analysts to predict a super cycle within the current halving year.More than 123 days have passed since the Bitcoin halving, but the BTC price has yet to…
Tron Trex +2.72% The underlying token, Sundog, surged about 25% on Wednesday as traders appeared to be testing the recently launched memecoin generator, SunPump.According to CoinGecko, Sundog was trading at around $0.25 as of 1:50 p.m. ET, up about 25% over the past 24 hours. The token’s market cap briefly topped $250 million on Wednesday.Sundog’s meteoric rise came with the launch of SunPump, a Tron-based memecoin generator that competes with cheap memecoin generator Pump.fun. Solana brush -0.21% Blockchain. Since its launch in January, Pump.fun has been used to generate nearly 2 million tokens. Cumulative revenue reached nearly $100 million.On Wednesday,…
SEI prices have fallen 74% since March, and outstanding commitments and development activity continue to decline. The token is facing significant resistance at $0.30, a break of which could trigger a potential rally. The Sei (SEI) token, which once hit a high of $1.14 in March, has seen a significant decline in recent months. At the time of writing, SEI is trading at $0.2648, down 74% from its March high. This decline is an extension of the overall downtrend that has continued throughout the past week, during which the token’s value has fallen by around 10%. With the SEI price…
Iris Coleman 21 Aug 2024 17:42 Bitfarms is set to significantly expand its energy portfolio by acquiring Stronghold Digital Mining in a $125 million stock-for-stock merger. According to globenewswire.com, Bitfarms Ltd. (Nasdaq/TSX: BITF), a global Bitcoin (BTC) data center company, announced that it is acquiring Stronghold Digital Mining, Inc. (Nasdaq: SDIG) in a stock-for-stock merger valued at approximately $125 million. The transaction also includes the assumption of $50 million of debt. Strategic Expansion This acquisition is consistent with Bitfarms’ strategic plan to expand and rebalance its energy portfolio, with the goal of having approximately…
Bitcoin (BTC) was flat at the open on Wall Street on August 21, but a “massive” U.S. jobs report boosted bullish risk asset bets.BTC/USD 1-hour chart. Source: TradingViewFed in focus as U.S. jobs declineAccording to data from Cointelegraph Markets Pro and TradingView, the BTC price is moving steadily despite the plunge in US non-farm payrolls figures.According to data from the U.S. Bureau of Labor Statistics (BLS), that’s a decrease of 818,000 jobs on the day. So, from April 2023 to March 2024, the average monthly payrolls were overstated by 68,000 jobs.Popular trader Daan Crypto Trades wrote as part of his…
Everyone seems to agree that social media has become a cesspool, with cancel culture mobs enforcing ideological purity on one side and trolls spreading conspiracy theories on the other. X and Facebook have been accused of amplifying hate and conflict, and the riots in the UK show how a few social media posts can ignite a cauldron of boiling anger and resentment. In response, governments around the world are cracking down on free speech. Turkey has banned Instagram, Venezuela has banned X, and the British government has jailed people for inciting violence, and in some cases for simply holding outrageous…
Tonkeeper Launches Signer App to Enhance Security and Safety of Non-custodial Cryptocurrency Wallets – Chainwire housenewsroomTonkeeper Launches Signer App to Enhance Security and Safety of Non-custodial Cryptocurrency Wallets We use cookies to make the Chainwire website a better experience. Cookies help us provide you with a more personalized experience, relevant advertising, and provide web analytics for us. Technical storage or access is strictly necessary for the legitimate purpose of enabling the subscriber or user to use specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting…
Since its inception EthereumHigh transaction costs on the network have been a major problem in the cryptocurrency market, forcing users to look for alternatives for their daily activities. However, with recent developments in the network’s gas fees, Ethereum has the potential to see mass adoption as transaction costs drop to unprecedented levels. Ethereum Gas Fees Drop Due to Network Upgrade that Ethereum NetworkOne of the most popular options for cryptocurrency trading within the industry has seen gas prices fall to all-time lows, providing relief to users and developers who have long struggled with high transaction fees. EgyHash, a cryptocurrency trader…