Category Archive: Cryptocurrency, No picture
INVITE partners with Gate Exchange to launch $INVITE token trading on August 2
1st, August , 2024 – Singapore – INVITE, a pioneering Web3 community project, in collaboration with Gate Exchange, is excited to announce the commencement of $INVITE token trading on August 2 at 08:00 Standard Time. INVITE stands as the premier social growth tool within the Telegram ecosystem, boasting the support of a robust community of […]
DEX trading volume hits $186b in July, up 18% from June
Key Takeaways DEX trading volume reached $186 billion in July, up 18% from June. Solana-based DEX surpassed Ethereum in monthly trading volume for the first time. Decentralized exchanges (DEX) gained traction in July by nearing $186 billion in monthly trading volume, 18% up from June. This is the first time since March that DEX monthly […]
UQUID launches USDT payment for public transport in Argentina
Buenos Aires, Argentina – July 29, 2024 – UQUID, a pioneer in Web3 shopping platforms, has introduced a new feature allowing users to top up their SUBE cards using USDT on the TRON blockchain. This new functionality aims to streamline how Argentine commuters manage their public transportation expenses, leveraging cryptocurrency for everyday transactions.SUBE cards are […]
Bitwise CIO sees upside potential for Bitcoin as major catalysts emerge
Key Takeaways Bitwise CIO Matt Hougan believes political endorsements could boost Bitcoin’s value. High-profile US politicians are advocating for Bitcoin as a strategic reserve asset. Bitwise’s Chief Investment Officer Matt Hougan believes that Bitcoin’s future could be far more bullish than previously anticipated, as key catalysts like government adoption, regulatory clarity, and massive institutional investment […]
Manchester United and Tezos team up to launch new Web3 football game
Key Takeaways Manchester United’s new Web3 game features real-time stats on player trading cards. Developed on the Tezos blockchain, the game targets enhancing fan engagement through interactive collectibles. Manchester United has launched a Web3 football game, ‘Fantasy United,’ on the Tezos blockchain for the 2024/25 season, said the club in a recent announcement.Alongside the new […]
Grayscale Ethereum ETF suffers nearly $2 billion outflow since debut
Key Takeaways Grayscale’s Ethereum ETF lost nearly $2 billion in outflows since its ETF conversion. Ethereum Mini Trust’s lower fees have attracted over $200 million in inflows. Investors have yanked almost $2 billion from Grayscale’s Ethereum exchange-traded fund (ETF) since it was converted from a trust, data from Farside Investors reveals. The fund, operating under […]
Bitcoin L2s 101
Bitcoin Layer 2 solutions are built on top of the main Bitcoin network to address its limitations: Speed up transactions Lower fees Enable more features and apps Key Layer 2 solutions:Benefits: Process more transactions per second Reduce congestion on main Bitcoin network Enable smart contracts and DeFi on Bitcoin Challenges: Some solutions are centralized Can […]
Interest rate cut in September crucial for crypto bullishness and liquidity, Bitfinex analyst claims
Key Takeaways Fed maintains high interest rates, with potential September cut under discussion. Bitfinex analyst sees September rate cut as crucial for crypto market bullishness and liquidity. The Fed decided to maintain the interest rates at a 23-year high today, as reported by Crypto Briefing. The decision follows the market expectations, but Jerome Powell didn’t […]
Fed holds interest rate steady at 23-year high, possible rate cuts coming September
Key Takeaways Fed’s rate hold aligns with expectations, Bitcoin price shows minimal immediate reaction. Market anticipates September rate cut, potentially boosting crypto investment sentiment. The Federal Reserve announced today that it will keep its benchmark interest rate unchanged, maintaining the federal funds rate at 5.25% to 5.5%. This decision, aligns with widespread market expectations and […]
SOL set for bullish August amid anticipated developments, says Zeta Markets founder
Key Takeaways Solana’s TVL surpassed $10 billion for the first time since December 2021. Solana-based DEXs outpaced Ethereum in monthly spot trading volume. Solana’s decentralized finance (DeFi) ecosystem has been picking up momentum over the last month. On July 28th, the total value locked (TVL) on the chain breached $10 billion for the first time […]
