Key facts: The market remains on the lookout for a possible rate cut in the US. “Current demand and supply for bitcoin are neutral and bearish,” Woo says. Professional analyst and trader Willy Woo has shared his vision on the near future of bitcoin (BTC), anticipating a rise in its price in the short term. … Read more
The BNB Chain is taking unusual steps to become the “central infrastructure” for stablecoins. One of several is that through MegaFuel, powered by the company Nodereal, it will cover gas fees for users of centralized exchanges, wallets and web3 applications that use stablecoins such as USDT, USDC and FDUSD. This announcement coincides with the opening … Read more
Bitcoin (BTC) exchange-traded funds (ETFs) in the United States reported inflows of more than $186 million and accumulated four consecutive days with incoming capital flows, the best streak so far in September. The good performance of financial instruments based on the digital asset occurs in view of the possibility that the United States Federal Reserve … Read more
Key facts: Rates in the United States are expected to fall to 5.25%. A larger-than-expected rate cut could be bearish for markets, analysts say. The day that the markets have been waiting for, including the Bitcoin (BTC) and cryptocurrency markets, has arrived. Today, the FOMC, the body in charge of monetary policy of the Federal … Read more
Key facts: USDS will be backed by US Treasury bills, overnight repos and cash. BitGo’s stablecoin will be the “first open-source stablecoin,” according to the platform. One of the leading custodians of bitcoin (BTC) and cryptocurrencies, BitGo, announced the launch of USDS (USD Standard), a stablecoin that promises rewards to institutions that provide liquidity. This … Read more
Key facts: Members include Polygon, Hedera and Brazil’s central bank. These open technologies seek to avoid proprietary lock-in in finance. The Linux Foundation, the nonprofit collaborative foundation, has announced the launch of the Linux Foundation Decentralized Trust (LFDT), a new umbrella organization dedicated to advancing the use of decentralized technologies for the digital economy. According … Read more
Key facts: All countries in the BRICS bloc are considering launching digital currencies as a path to de-dollarization. The United States and other G7 countries also have CBDC projects for international payments. Growing interest from governments in developing central bank digital currencies (CBDCs) for wholesale use has emerged as a prominent trend throughout 2024. This … Read more
Argentina and Brazil received a 1 bitcoin grant for key events in the bitcoin (BTC) ecosystem, LaBitconf, Descentralizar and Satsconf, as part of a total donation of 1 billion satoshis (equivalent to 10 BTC) by the Human Rights Foundation (HRF) to 20 global projects. This donationintended to cover travel expenses for developers and keynote speakers, … Read more
LimeWire, known for its popular P2P client for downloading music and other files, has launched Blocknode, a platform that allows users to rent artificial intelligence powered by graphical processing units (GPUs) to those who need to improve their workloads. Users interested in boosting the performance of their infrastructure with AI will be able to access … Read more
Key facts: So far in Q3, the price of ETH has fallen by more than 30%. September is usually a complicated month for the markets due to seasonal issues. The price of ether (ETH), the native cryptocurrency of the Ethereum ecosystem, fell by more than 30% so far in the third quarter of 2024. This … Read more