Louisiana now allows residents to use Bitcoin and USDC to pay state agencies, starting with the Department of Wildlife and Fisheries, facilitated by Bead Pay. Crypto payments will be converted to US dollars at the time of transaction, protecting the state from cryptocurrency volatility. The initiative follows a bill signed in June 2024, which supports…
FOMO HOUR 202 – SOL STARTS TO SEND IT SOL leads majors as Breakpoint begins. SOL launches Frankendancer on mainnet. Helio Pay allows Shopify items to sell on X. Franklin Templeton to launch fund on SOL. BTC short term holders fall at fastest rate in 12 years. MicroStrategy upsizes convertible note raise to $1bn. BingX…
Total3, an index that tracks the market capitalization of the top 125 cryptocurrencies, excluding bitcoin and ether (ETH), was trading 5.68% higher since the central bank’s announcement that it would slash the Federal Funds rate by 50 basis points, according to data on TradingView. Bitcoin’s market cap, by contrast, rose only 4.4%. Source link
Consistent with this pattern, bitcoin has already shown signs of recovery, gaining about $9,000 since the local bottom on Sept. 6, representing a 15% increase in value. This divergence between bitcoin’s (BTC) price and its hash rate started to shape up in July and then persisted into early September, when the computing power of the…
Companies such as Uniswap, Optimism, Yearn, Gnosis, and 1Inch are examples of early Gitcoin grantees. The collective market caps of those that launched tokens, alongside the private valuations of others that raised capital without live tokens, far exceed the amount of funding initially provided. While many of these companies have given back to the ecosystem…
Join Our Telegram channel to stay up to date on breaking news coverage BNB Chain is collaborating with Telegram to simplify the decentralized ecosystem for its extensive user base and attract more Web3 enthusiasts. Following its partnership with The Open Network, Telegram has emerged as a hub for Web3 activity, introducing Mini Apps and various…
This week, Singapore-based BingX cryptocurrency exchange experienced a significant security breach on 20 September 2024. […] The post This Week In Crypto Asia: Singapore’s BingX Crypto Exchange Suffers $50 Million Hack, Crypto Ads Flood India’s Supreme Court YouTube Page Amid Hack Fears appeared first on . Source link
Anthony Scaramucci, founder of the New York-based investment firm SkyBridge Capital, has revealed that he is working with Democratic presidential candidate Kamala Harris to draft crypto policies for her campaign. According to a CNBC report, Scaramucci made the revelation at the annual TOKEN2049 crypto conference on Thursday. He told a panel during the conference that…
As the U.S. presidential election approaches, it’s worth examining how past elections have influenced Bitcoin’s price. Historically, the U.S. stock market has shown notable trends around election periods. Given Bitcoin’s correlation with equities and, most notably, the S&P 500, these trends could offer insights into what might happen next. S&P 500 Correlation Bitcoin and the…
VICTORIA, Seychelles, Sept. 20, 2024 /PRNewswire/ — Alicia Kao, Managing Director at leading global cryptocurrency exchange, KuCoin, shared her vision on how crypto exchanges are the drivers that hold the keys to unlocking mainstream crypto adoption. Speaking at the OKX Main Stage at TOKEN2049 in Singapore on a panel session titled “Exchanges at the Helm:…