🚀 Grayscale GBTC Sees Consecutive Net Inflows This Week
#Grayscale #GBTC #netinflows #BTC #Cointelegraph
According to Odaily, data disclosed by Cointelegraph reveals that Grayscale's GBTC has experienced net inflows for two consecutive days. This week, the fund has purchased BTC worth $45.8 million.#Grayscale #GBTC #netinflows #BTC #Cointelegraph
🚀 Tether Reports Significant Increase In USDT Adoption
#Tether #USDT #cryptocurrency #adoption #blockchain #wallets #growth #finance
According to Odaily, Tether has disclosed a notable rise in the adoption rate of USDT. By the end of the third quarter of 2024, 330 million on-chain wallets and accounts, equivalent to the number of users, had received USDT. This figure is comparable to the population of the United States. This count does not include users who only utilize USDT on centralized platforms, which, according to partner data, number in the tens of millions.
Furthermore, the growth in the number of Tether users continues to accelerate, with each quarter seeing more new users than the previous one. Over the past four quarters, the average growth rate has been 9%. The third quarter of 2024 saw a record high in new users, reaching 36.25 million.#Tether #USDT #cryptocurrency #adoption #blockchain #wallets #growth #finance
🚀 BNB Beacon Chain To Cease Operations In Mid-November
#BNB #BeaconChain #CeaseOperations #Deactivation #Validators #MidNovember #Assets #Migration #Crypto
According to Odaily, BNB Chain has informed all community members about the final deactivation plan for the BNB Beacon Chain. Validators of the BNB Beacon Chain have agreed to cease operations in mid-November, marking the end of the chain's functionality and the processing of any new transactions. Users and centralized exchanges are strongly urged to take specific actions to prevent the complete loss of assets. BNB Beacon Chain asset holders are advised to initiate the migration process immediately to ensure continued access to their assets.#BNB #BeaconChain #CeaseOperations #Deactivation #Validators #MidNovember #Assets #Migration #Crypto
🚀 Sharpe AI Launches Memecoin Dashboard for Data Analysis
#SharpeAI #Memecoin #Dashboard #DataAnalysis #Crypto #SocialSentiment
According to Foresight News, AI-driven crypto application Sharpe AI has announced the launch of its Sharpe Memecoin Dashboard. This new feature aims to provide comprehensive data analysis related to memecoins. The dashboard will initially offer various data insights and, in the future, will integrate social sentiment data to enhance its analytical capabilities.#SharpeAI #Memecoin #Dashboard #DataAnalysis #Crypto #SocialSentiment
🚀 Ethereum Foundation Announces Second Translatathon Event Details
#Ethereum #Translatathon #Translation #Blockchain #Languages #Growth #Community
According to Odaily, the Ethereum Foundation has released information about the second Translatathon event. Compared to 2023, the 2024 event shows significant growth in several areas. The number of active translators has increased from 217 to 327, marking a 50% rise. The total number of translated words has surged from 1.47 million to 2.53 million, reflecting a 70% increase. Additionally, the number of languages translated has expanded from 56 to 70, a 25% growth.#Ethereum #Translatathon #Translation #Blockchain #Languages #Growth #Community
🚀 Horizon Partners With CMBI Hong Kong For Virtual Asset ETF Market Making Solutions
#Horizon #CMBI #HongKong #VirtualAssets #ETF #MarketMaking #Bitcoin #Ethereum #StockExchange #Investment #SFC #BTC #ETH
According to Odaily, Horizon has announced a partnership with CMBI Hong Kong to provide market-making solutions for virtual asset ETFs. The virtual asset spot ETFs are set to be listed on the Hong Kong Stock Exchange in April 2024. This initiative will offer investment opportunities in Bitcoin and Ethereum under the supervision of the Hong Kong Securities and Futures Commission (SFC).#Horizon #CMBI #HongKong #VirtualAssets #ETF #MarketMaking #Bitcoin #Ethereum #StockExchange #Investment #SFC #BTC #ETH
🚀 Paxos To Integrate With Stellar Network By End Of 2024
#Paxos #Stellar #Blockchain #Integration #Payments #Remittance #Crypto #XLM
According to Odaily, Paxos has announced its plans to integrate with the Stellar network. Stellar is an open-source blockchain designed for various payment and remittance applications. Paxos aims to bring its assets onto the Stellar network by the end of 2024.#Paxos #Stellar #Blockchain #Integration #Payments #Remittance #Crypto #XLM
🚀 Starknet Outlines Four-Phase Plan For Transition To Decentralized PoS Network
#Starknet #Decentralization #ProofOfStake #Blockchain #Staking #Validators #Layer1 #Crypto #Web3
According to Odaily, Starknet has announced on the X platform that the first phase of staking has been launched on Starknet Sepolia. This marks the beginning of a broader plan to transition Starknet into a fully decentralized Proof-of-Stake (PoS) network. The envisioned transition includes the following phases:
Phase 1: Introduction of a permissionless staking protocol and delegated staking. Validators are expected to run a full node in preparation for the next phase.
Phase 2: Validators will begin block attestation, signing blocks when randomly selected.
Phase 3: Validators will verify and vote on blocks ordered by the sequencer, with consensus being proven to Layer 1 (L1).
Phase 4: Validators will take full responsibility for maintaining and securing the network by generating, attesting, and proving blocks.
This phased approach allows Starknet to cautiously roll out staking and make adjustments over time to meet the evolving needs of the community. Additionally, the four phases are not rigid or static and may change based on observations made during the process.#Starknet #Decentralization #ProofOfStake #Blockchain #Staking #Validators #Layer1 #Crypto #Web3
🚀 Avail And Symbiotic Form Strategic Partnership
#Avail #Symbiotic #partnership #blockchain #dataavailability #restaking #ETH #ERC20 #cryptoeconomics #innovation
According to Foresight News, modular project Avail has entered into a strategic partnership with the re-staking protocol Symbiotic. As part of this collaboration, Avail DA will serve as the data availability solution within the Symbiotic ecosystem, enabling a new generation of innovative applications to utilize various verified services. This partnership aims to enhance the capabilities and security of both platforms.
Additionally, the integration of Avail Fusion with Symbiotic's re-staking model will allow for the re-staking of ETH and other ERC20 tokens. This move is expected to directly bolster the cryptoeconomic security of the Avail network. The collaboration between Avail and Symbiotic represents a significant step forward in the development of secure and efficient blockchain solutions.#Avail #Symbiotic #partnership #blockchain #dataavailability #restaking #ETH #ERC20 #cryptoeconomics #innovation
🚀 Hermetica Secures $1.7 Million Funding To Enhance Bitcoin-Backed Stablecoin
#Hermetica #Bitcoin #Stablecoin #Funding #USDh #Cryptocurrency #Layer2 #CustodialPartnerships #Liquidity #Investment #BTC
According to Foresight News, Bitcoin-backed stablecoin developer Hermetica has successfully raised $1.7 million in a funding round led by UTXO Management. The round also saw participation from CMS Holdings, Ethos Fund, Trust Machines SPV, Newman Capital, Silvermine, and several angel investors.
Hermetica has developed a yield-bearing synthetic dollar, USDh, which is issued on the Bitcoin network. The company plans to use the newly acquired funds to support the USDh ecosystem, including establishing custodial partnerships and enhancing liquidity. Additionally, Hermetica aims to expand to other Bitcoin Layer 2 solutions, such as Arch Network and Bitlayer, in the coming months.#Hermetica #Bitcoin #Stablecoin #Funding #USDh #Cryptocurrency #Layer2 #CustodialPartnerships #Liquidity #Investment #BTC
🚀 🔥 Standard Chartered Bank Predicts 12% Bitcoin Upside Before U.S. Election 🔥
#StandardCharteredBank #Bitcoin #USPresidentialElection #SAB121 #MicroStrategy #RegulatoryEnvironment #Cryptocurrency #MarketDynamics #BullishOutlook #BTC
According to BlockBeats, Geoff Kendrick, Head of Digital Asset Research at Standard Chartered Bank, estimates that Bitcoin could rise by 12% to $73,800 before the U.S. presidential election in November. Kendrick highlights two key factors driving this potential increase:BNY Mellon's SAB 121 Exemption: The relaxation of regulations under Staff Accounting Bulletin No. 121 (SAB 121) is generally favourable to Bitcoin, signalling a more lenient regulatory environment.MicroStrategy's Bitcoin Bank Ambitions: The exemption is linked to MicroStrategy's plan to evolve into a "Bitcoin bank," potentially allowing the company to earn income by lending Bitcoin in the future. This development could further support Bitcoin's upward trajectory.These factors, combined with Bitcoin’s evolving market dynamics, suggest a bullish outlook ahead of the U.S. election.#StandardCharteredBank #Bitcoin #USPresidentialElection #SAB121 #MicroStrategy #RegulatoryEnvironment #Cryptocurrency #MarketDynamics #BullishOutlook #BTC
🚀 MoonPay Partners With Ripple To Support XRP Transactions
#MoonPay #Ripple #XRP #cryptocurrency #partnership #transactions #blockchain
According to Odaily, cryptocurrency payment infrastructure company MoonPay has announced a partnership with Ripple. This collaboration will enable users to purchase, store, and manage XRP through their MoonPay accounts.#MoonPay #Ripple #XRP #cryptocurrency #partnership #transactions #blockchain
🚀 Cheems To Burn All Official LP Tokens Worth Over $3.6 Million
#Cheems #BSC #memeproject #LPTokens #liquiditypool #crypto
According to Odaily, the BSC ecosystem meme project Cheems has announced its decision to burn all official LP tokens, which are valued at over $3.6 million. Additionally, the project will relinquish ownership of the liquidity pool.#Cheems #BSC #memeproject #LPTokens #liquiditypool #crypto
🚀 Bitcoin Mining Companies Reach Record Network Hashrate In October
#Bitcoin #Mining #Hashrate #Cryptocurrency #JPMorgan #MarketPerformance #GreenidgeGeneration #Stronghold #BTC
According to Foresight News, CoinDesk reports that the network hashrate share of 14 U.S.-listed Bitcoin mining companies tracked by JPMorgan reached a record 28.9% in October. This represents an increase of approximately 70% (80 EH/s) to 194 EH/s, while the overall network hashrate increased by 33%. JPMorgan noted that the network hashrate has increased by 4% so far this month, reaching an average of 672 EH/s.
JPMorgan also highlighted that with the rise in Bitcoin prices, mining stocks have seen varied performance in the first two weeks of the month. Greenidge Generation (GREE) outperformed the market with a 29% increase, while Stronghold (SDIG) underperformed, declining by 17%.#Bitcoin #Mining #Hashrate #Cryptocurrency #JPMorgan #MarketPerformance #GreenidgeGeneration #Stronghold #BTC
🚀 Metamask Now Compatible With NGRAVE Hardware Wallet
#Metamask #NGRAVE #hardwarewallet #Ethereum #crypto #walletintegration
According to Foresight News, Ethereum wallet Metamask has announced compatibility with the NGRAVE hardware wallet. Users can now synchronize their NGRAVE ZERO with Metamask. The minimum compatible version for the browser extension wallet is v.12.3.0, while the mobile version requires at least v.7.31.1.#Metamask #NGRAVE #hardwarewallet #Ethereum #crypto #walletintegration
🚀 Elon Musk's New Organization PAC Gains Attention
#ElonMusk #PAC #Ethereum #MemeToken #ExperimentalValues #CentristValues #Blockchain #Crypto #ETH
According to BlockBeats, on October 16, Elon Musk announced the formation of a new organization named PAC, which aims to pursue experimental and centrist values. Following this announcement, a meme token on the Ethereum blockchain with the same name saw a 24-hour increase of 309%.
Earlier, on October 6, Elon Musk changed his personal signature and established the new organization PAC. On the same day, the meme token PAC experienced a significant surge, with a gain of 25900%.#ElonMusk #PAC #Ethereum #MemeToken #ExperimentalValues #CentristValues #Blockchain #Crypto #ETH
🚀 ESMA Responds To EU Commission's Proposed Amendments To MiCA Regulations
#ESMA #EUCommission #MiCA #CryptoAssets #Regulations #FinancialEntities #Cybersecurity #CASP #RTS #Compliance
According to Foresight News, the European Securities and Markets Authority (ESMA) has issued a document responding to the European Commission's proposed amendments to the regulatory technical standards (RTS) for the Markets in Crypto-Assets (MiCA) regulation. ESMA acknowledges the legal constraints presented by the Commission but emphasizes the importance of the policy objectives behind the initial proposal.
In its opinion, ESMA notes the proposed revisions to two specific RTS. These revisions detail the information that certain financial entities must include in their notifications of intent to provide crypto-asset services and the information required in the authorization applications for crypto-asset service providers (CASPs). ESMA reiterates that the ultimate goal of these RTS is to ensure a thorough entry-point assessment of applicants seeking to become CASPs and financial entities intending to offer crypto-asset services within the EU.
Therefore, ESMA suggests that the Commission consider amending the MiCA regulation (Level 1) to require applicants for CASP status and notifying entities to provide the results of external cybersecurity audits. Additionally, when assessing the good reputation of members of the management bodies of applicant CASPs, the evaluation should include checks beyond commercial law, bankruptcy law, financial services law, anti-money laundering and counter-terrorism financing, fraud, or professional liability.#ESMA #EUCommission #MiCA #CryptoAssets #Regulations #FinancialEntities #Cybersecurity #CASP #RTS #Compliance
🚀 Gitcoin Announces Grants 22 With New Features
#Gitcoin #Grants22 #Web3 #publicgoods #opensource #digitalpublicgoods #funding #OSS
According to Foresight News, Web3 public goods protocol Gitcoin has announced the launch of Grants 22, which will run from October 23 to November 6. The application for funding is now open, and this round introduces on-chain proof minting and cross-chain donation features.
The focus of this funding round is to expand open-source software (OSS) and support digital public goods. A total of $1 million will be allocated across four OSS rounds, while seven community rounds will receive matching donations ranging from $12,500 to $20,000 each.#Gitcoin #Grants22 #Web3 #publicgoods #opensource #digitalpublicgoods #funding #OSS
🚀 Significant Purchase Of CHEEMS Tokens By Christian2022.eth
#CHEEMS #Christian2022eth #blockchain #Lookonchain #cryptocurrency #tokens #purchase
According to Odaily, blockchain monitoring service Lookonchain has reported a substantial acquisition of CHEEMS tokens by the wallet Christian2022.eth. Over the past seven hours, the wallet has purchased a total of 4904.5 billion CHEEMS tokens.#CHEEMS #Christian2022eth #blockchain #Lookonchain #cryptocurrency #tokens #purchase
🚀 Ireland To Draft New Cryptocurrency Regulations Ahead Of EU Anti-Money Laundering Laws
#Ireland #Cryptocurrency #Regulations #EULaws #AntiMoneyLaundering #FinanceMinister #JackChambers #CounterTerrorism #FinancialIntelligenceUnits #Legislation
According to Odaily, Ireland is set to draft new cryptocurrency management rules ahead of the European Union's upcoming anti-money laundering and counter-terrorism financing regulations. The Irish Finance Minister, Jack Chambers, will draft 'urgent' legislation to update the country's cryptocurrency regulations. However, the minister has not specified what these new rules will entail or when they will come into effect. The Anti-Money Laundering and Counter-Terrorism Financing Act is scheduled to take effect on December 30, 2024, granting EU member states' Financial Intelligence Units (FIUs) greater investigative powers and the ability to suspend transactions.#Ireland #Cryptocurrency #Regulations #EULaws #AntiMoneyLaundering #FinanceMinister #JackChambers #CounterTerrorism #FinancialIntelligenceUnits #Legislation
🚀 Quantify Funds Launches Bitcoin And Gold ETF
#QuantifyFunds #Bitcoin #Gold #ETF #STKDBitcoinGoldETF #Investing #Finance #BTC
According to Odaily, asset management company Quantify Funds has introduced a new exchange-traded fund (ETF) named STKD Bitcoin & Gold ETF (BTGD). This ETF aims to invest 100% in a combined strategy of Bitcoin and physical gold. The Bitcoin strategy seeks to achieve returns by investing in Bitcoin futures and exchange-traded products (ETPs), while the gold strategy aims to gain returns through investments in gold futures and gold ETPs.#QuantifyFunds #Bitcoin #Gold #ETF #STKDBitcoinGoldETF #Investing #Finance #BTC