Cardano co-founder Charles Hoskinson has predicted a transformative shift in decentralized finance (DeFi), with Bitcoin emerging as a dominant force over Ethereum and Solana. In a recent Twitter post, Hoskinson shared his view that DeFi will soon flourish within the Bitcoin ecosystem, surpassing current leaders in the space. Bitcoin Embraces Smart Contracts for DeFi Growth Hoskinson’s prediction comes on the…
Month: October 2024
Bitcoin Technical Analysis: Upward Momentum Stays Strong Across Short and Long-Term Averages
Bitcoin’s price holds at $68,499 today within a 24-hour range of $66,964 to $68,750, with a market cap of $1.35 trillion and trading volume at $24.46 billion. Bitcoin On the 1-hour chart, bitcoin (BTC) has been on a steady climb after breaking free from a consolidation zone near $66,912. This upward movement gained momentum with […] Source: https://news.bitcoin.com/bitcoin-technical-analysis-upward-momentum-stays-strong-across-short-and-long-term-averages/
Solana flips Ethereum in daily fees, surpasses $2.5M in 24 hours
Solana’s surging fees are correlated with growing trading activity on the network’s leading decentralized exchange, Raydium. Source: https://cointelegraph.com/news/solana-flips-ethereum-for-5th-blockchain-by-fees-surpasses-2-5-m-in-24-hours?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Metaplanet becomes Asia’s second-largest corporate Bitcoin holder
Metaplanet’s latest Bitcoin purchase makes it the second-largest corporate Bitcoin holder in Asia behind Boyaa Interactive International, which holds 1,100 BTC. Source: https://cointelegraph.com/news/metaplanet-surpasses-1000-bitcoin-asia?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Trump election odds near 67% as Polymarket whale bets another $2M
Polymarket whales are betting tens of millions of dollars on a Trump victory on Nov. 5, which could be more accurate than traditional polls, according to Elon Musk. Source: https://cointelegraph.com/news/trump-s-odds-near-67-as-polymarket-whale-bets-another-2-m?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Critics: G7’s $50 Billion Russian Assets-Backed Loan Might Upset the West’s Financial Stability
The G7’s finalized deal approving a Russian assets-backed loan of $50 billion to support the Ukrainian war effort has the potential to upset the Western financial system. Critics state that the U.S. and other countries may face repercussions, including losing the trust of some of their allies. Russian Assets-Backed Loan Has the Potential of Changing […] Source: https://news.bitcoin.com/critics-g7s-50-billion-russian-assets-backed-loan-might-upset-the-wests-financial-stability/
Ethena team accused of misusing 180M ENA tokens to farm Sats
Ethena Labs faces scrutiny after allegations of unfairly staking 180 million ENA tokens in its crypto farming event. Source: https://cointelegraph.com/news/ethena-labs-accused-farming-ethena-tokens?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Chainlink Data Streams Now Live on BNB Chain’s Layer-2
Chainlink has launched its Data Streams on BNB Chain’s Layer-2 solution, enhancing the capabilities of decentralized finance applications within the ecosystem. This integration provides developers with access to real-time, high-frequency market data, enabling them to build more efficient and responsive applications. Users can deposit funds from BNB Chain to opBNB, allowing them to interact with […] Source: https://news.bitcoin.com/chainlink-data-streams-now-live-on-bnb-chains-layer-2/
'Most bullish' weekly close — 5 Things to know in Bitcoin this week
Bitcoin is dropping bullish hints left and right as the “Uptober” monthly close, US Presidential Election and Fed interest rate decision draw near. Source: https://cointelegraph.com/news/most-bullish-weekly-close-5-things-bitcoin-this-week?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
BIS project demonstrates automated cross-border transaction compliance
Project Mandala uses zero-knowledge proofs to complete compliance checks across different jurisdictions. Source: https://cointelegraph.com/news/bis-project-automated-cross-border-transaction-compliance?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound