🚀 Bitcoin Rebounds and Breaks $96,000 USDT
#Bitcoin #USDT #cryptocurrency #marketdata #Binance #priceupdate #BTC
According to Binance market data, Bitcoin has rebounded and surpassed 96,000 USDT, currently priced at 96,212.04 USDT. The 24-hour decline has narrowed to 5.88%.#Bitcoin #USDT #cryptocurrency #marketdata #Binance #priceupdate #BTC
🚀 U.S. December Inflation Rate Expected To Be 2.8%
#Inflation #US #December #EconomicForecast #BlockBeats
According to BlockBeats, the initial estimate for the United States' December one-year inflation rate is projected to be 2.8%. This figure is slightly below the anticipated 2.9% and matches the previous value of 2.9%.#Inflation #US #December #EconomicForecast #BlockBeats
🚀 Fed's Goolsbee Optimistic About Inflation Target
#Fed #Goolsbee #Inflation #Economy #Finance #InterestRates #EconomicPolicy
According to BlockBeats, on December 20, Federal Reserve's Goolsbee expressed confidence that the inflation rate is still on track to reach the 2% target. He noted that today's data indicates the recent rise in inflation is merely a 'bump.'#Fed #Goolsbee #Inflation #Economy #Finance #InterestRates #EconomicPolicy
🚀 Fed's Goolsbee Predicts Inflation To Reach 2% Amid Temporary Fluctuations
#Fed #Inflation #Goolsbee #InterestRates #EconomicForecast #MonetaryPolicy #FinancialNews
According to Odaily, Federal Reserve official Goolsbee has stated that the inflation rate is still expected to reach 2%. He noted that today's data indicates recent inflationary pressures are merely a 'bump.' Goolsbee forecasts that the interest rate path for 2025 will be slightly lower. Over the next 12 to 18 months, interest rates may significantly decrease. Currently, the policy rate is restrictive and remains far from the neutral rate.#Fed #Inflation #Goolsbee #InterestRates #EconomicForecast #MonetaryPolicy #FinancialNews
🚀 Bitcoin(BTC) Surpasses 97,000 USDT with a Narrowed 2.80% Decrease in 24 Hours
#Bitcoin #BTC #USDT #cryptocurrency #Binance #marketdata #decrease #trading
On Dec 20, 2024, 15:27 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 97,000 USDT benchmark and is now trading at 97,026.679688 USDT, with a narrowed narrowed 2.80% decrease in 24 hours.#Bitcoin #BTC #USDT #cryptocurrency #Binance #marketdata #decrease #trading
🚀 BNB Surpasses 670 USDT with a Narrowed 2.58% Decrease in 24 Hours
#BNB #USDT #cryptocurrency #Binance #trading #marketdata #decrease
On Dec 20, 2024, 16:23 PM(UTC). According to Binance Market Data, BNB has crossed the 670 USDT benchmark and is now trading at 670.059998 USDT, with a narrowed narrowed 2.58% decrease in 24 hours.#BNB #USDT #cryptocurrency #Binance #trading #marketdata #decrease
🚀 Ethereum(ETH) Surpasses 3,400 USDT with a Narrowed 5.84% Decrease in 24 Hours
#Ethereum #ETH #USDT #Cryptocurrency #MarketData #PriceUpdate #Binance
On Dec 20, 2024, 16:24 PM(UTC). According to Binance Market Data, Ethereum has crossed the 3,400 USDT benchmark and is now trading at 3,400.290039 USDT, with a narrowed narrowed 5.84% decrease in 24 hours.#Ethereum #ETH #USDT #Cryptocurrency #MarketData #PriceUpdate #Binance
🚀 Tether's AI Platform Set for Launch by End of First Quarter 2024
#Tether #AIPlatform #Launch #2024 #PaoloArdoino #Odaily
According to Odaily, Tether's CEO Paolo Ardoino announced on the X platform that the company's AI platform website is expected to be launched by the end of the first quarter of 2024.#Tether #AIPlatform #Launch #2024 #PaoloArdoino #Odaily
🚀 Bitcoin(BTC) Drops Below 96,000 USDT with a 1.14% Decrease in 24 Hours
#Bitcoin #BTC #USDT #cryptocurrency #Binance #marketdata #trading
On Dec 20, 2024, 21:10 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 96,000 USDT and is now trading at 95,975.421875 USDT, with a narrowed 1.14% decrease in 24 hours.#Bitcoin #BTC #USDT #cryptocurrency #Binance #marketdata #trading
🚀 Web3 Applications Face Speed Challenges Due To Data Indexing
#Web3 #DApps #DataIndexing #Blockchain #Pangea #Throughput #Ethereum #Layer2 #DevCon2024 #Starknet #ZKsync #Solana #TransactionsPerSecond #Interoperability #ETH #SOL
According to Cointelegraph, decentralized applications (DApps), also known as Web3 applications, often experience slower performance compared to their Web2 counterparts. This is primarily due to the need to organize blockchain data from multiple sources. Maxim Legg, CEO of Pangea, a decentralized data indexing solution, highlighted that data indexing could address the speed bottleneck faced by Web3 applications.
Legg explained that data from RPC nodes, smart contracts, and other blockchain infrastructure can accumulate to hundreds of terabytes on high-throughput chains. Indexing involves organizing this raw blockchain data to facilitate efficient recall later. He emphasized that this is a significant infrastructure issue that should be resolved once, rather than individually by each DApp developer. However, many Web3 developers are compelled to create in-house indexing solutions, which are often inefficient, overly complex, and time-consuming.
The throughput of a blockchain, measured in transactions per second (TPS), directly impacts the volume of on-chain data that must be indexed by a DApp interacting with that chain. In October, Ethereum co-founder Vitalik Buterin outlined plans to scale the Ethereum base layer and its layer-2 scaling solutions to process over 100,000 transactions per second combined. These plans also aim to enhance interoperability between Ethereum and its numerous layer-2 networks.
At the DevCon 2024 conference, StarkWare CEO Ben Sasson mentioned that Starknet, an Ethereum layer-2 scaling solution, aims to quadruple its TPS within three months, potentially rivaling the Solana network's throughput. Similarly, the layer-2 solution ZKsync is targeting higher throughput, with developers aiming to increase it to 10,000 TPS by 2025 while reducing transaction fees to as low as $0.0001. Solana's non-voting throughput currently ranges from 800 to 1,050 TPS, and its high-throughput, monolithic design has attracted significant developer interest, positioning it as a leading ecosystem for development in 2024.#Web3 #DApps #DataIndexing #Blockchain #Pangea #Throughput #Ethereum #Layer2 #DevCon2024 #Starknet #ZKsync #Solana #TransactionsPerSecond #Interoperability #ETH #SOL
🚀 Rumble Secures $775 Million Investment From Tether
#Rumble #Tether #investment #stablecoin #shares #growth #media #collaboration #cryptocurrency #bitcoin
According to CoinDesk, video platform Rumble has announced a significant strategic investment deal with Tether, a leading stablecoin company, amounting to $775 million. This investment aims to bolster Rumble's operations and facilitate a tender offer for its common stock. Specifically, $250 million of the funds will be allocated to support Rumble's operational activities, while the remaining amount will be used to purchase up to 70 million shares of its common stock at $7.50 per share, matching the price Tether is paying for its stake.
Rumble CEO Chris Pavlovski expressed enthusiasm about the partnership, stating that Tether is an ideal partner to propel Rumble into its next growth phase. Tether CEO Paolo Ardoino highlighted the declining trust in legacy media, suggesting that this creates a space for platforms like Rumble to provide credible and uncensored alternatives. Ardoino also mentioned Tether's plans to explore further collaborations with Rumble in advertising, cloud services, and crypto payment solutions.
Following the announcement, Rumble's shares surged by 41% in after-hours trading, reaching $10.13. However, it remains unclear whether any of the investment proceeds will be used to acquire bitcoin for Rumble's balance sheet. Previously, Pavlovski had hinted at the possibility of the company investing in bitcoin, but no definitive plans have been disclosed.#Rumble #Tether #investment #stablecoin #shares #growth #media #collaboration #cryptocurrency #bitcoin
🚀 USYC Market Cap Surpasses $12 Billion, Leading Tokenized U.S. Treasury Products
#USYC #MarketCap #TokenizedTreasury #USTreasury #BlackRock #Securitize #BUIDL
According to Odaily, the market capitalization of USYC has surged by over $12 billion, making it the largest tokenized U.S. Treasury product. This growth positions USYC ahead of similar offerings from BlackRock and Securitize's BUIDL.#USYC #MarketCap #TokenizedTreasury #USTreasury #BlackRock #Securitize #BUIDL
🚀 U.S. Justice Department Charges Two Men in $22 Million Crypto Fraud
#JusticeDepartment #CryptoFraud #DigitalAssets #NFT #InvestmentFraud #SouthernCalifornia #Indictment #FraudulentSchemes #DeceptivePractices #HayAndMayo
According to PANews, the U.S. Department of Justice has unveiled an indictment charging two Southern California men with defrauding investors of over $22 million through various digital asset schemes. Court documents reveal that from May 2021 to May 2024, the accused, Hay and Mayo, sponsored multiple NFT and digital asset projects, promoting them with misleading campaigns. They allegedly made or encouraged others to make significant false and misleading statements about upcoming digital asset projects and provided deceptive project 'roadmaps' outlining post-launch plans that were never intended to be fulfilled.
The indictment further alleges that Hay and Mayo employed these tactics across several digital asset projects, including Vault of Gems, Faceless, Sinful Souls, Clout Coin, Dirty Dogs, Uncovered, MoonPortal, Squiggles, and Roost Coin. Additionally, they reportedly used various methods to conceal their involvement in the fraudulent projects, such as misidentifying other individuals or causing others to be wrongly identified as project owners.#JusticeDepartment #CryptoFraud #DigitalAssets #NFT #InvestmentFraud #SouthernCalifornia #Indictment #FraudulentSchemes #DeceptivePractices #HayAndMayo
🚀 BNB Surpasses 680 USDT with a 1.63% Increase in 24 Hours
#BNB #USDT #Binance #cryptocurrency #trading #priceincrease #marketdata
On Dec 21, 2024, 00:34 AM(UTC). According to Binance Market Data, BNB has crossed the 680 USDT benchmark and is now trading at 680.219971 USDT, with a narrowed 1.63% increase in 24 hours.#BNB #USDT #Binance #cryptocurrency #trading #priceincrease #marketdata
🚀 Significant Fund Movements in Grayscale and ARK Investments
#Grayscale #ARKInvestments #cryptocurrency #fundmovements #netinflows #netoutflows
According to BlockBeats, recent data from Farside Investors reveals notable fund movements in major investment vehicles. On December 21, Grayscale's GBTC experienced a net outflow of $57.4 million, while ARK's ARKB saw a net outflow of $87 million. In contrast, Franklin's EZBC reported a net inflow of $5.6 million, and Grayscale's Mini BTC recorded a net inflow of $6.4 million. These shifts highlight the dynamic nature of investment flows in the cryptocurrency sector.#Grayscale #ARKInvestments #cryptocurrency #fundmovements #netinflows #netoutflows
🚀 ETH/BTC Exchange Rate Sees Significant Increase
#ETH #BTC #ExchangeRate #Cryptocurrency #MarketTrends #BlockBeats
According to BlockBeats, the ETH/BTC exchange rate experienced a notable rise following a period of extreme downward trend. As of 8 a.m. UTC+8 today, the daily candlestick chart showed an increase, with the maximum intraday gain reaching 7.5%. The current rate is reported at 0.0355.#ETH #BTC #ExchangeRate #Cryptocurrency #MarketTrends #BlockBeats
🚀 Brazilian Senate to Discuss Future of Cryptocurrency Market
#Brazil #Senate #Cryptocurrency #DigitalEconomy #Finance #CryptoAdoption #PANews
According to PANews, a multiparty group in Brazil has requested a special Senate meeting to discuss the current state of the country's cryptocurrency market. The meeting, titled 'Cryptocurrency Market: The Future of Finance and the Digital Economy,' aims to explore the benefits and challenges that the increasing adoption of cryptocurrencies may bring to Brazil.#Brazil #Senate #Cryptocurrency #DigitalEconomy #Finance #CryptoAdoption #PANews
🚀 South Korean Police Investigate Officials Over Emergency Martial Law
#SouthKorea #MartialLaw #PoliceInvestigation #Government #NationalSecurity #SouthKoreanOfficials #EmergencyPowers #PoliticalInquiry #YoonSukYeol #HanDuckSoo
According to PANews, the South Korean National Police Agency's Special Investigation Team has conducted inquiries into nine officials who participated in a state council meeting before and after the declaration of emergency martial law. The investigation excludes President Yoon Suk-yeol, former Defense Minister Kim Yong-hyun, and Unification Minister Kim Young-ho. The officials under investigation include Acting President and Prime Minister Han Duck-soo, Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho, Minister of Justice Park Beom-kye, former Minister of the Interior and Safety Lee Sang-min, Minister of Foreign Affairs Cho Tae-yong, Minister of Agriculture, Food and Rural Affairs Song Mi-rim, Minister of Health and Welfare Cho Kyu-hong, Minister of SMEs and Startups Oh Young-sook, and Director of the National Intelligence Service Cho Tae-yong.#SouthKorea #MartialLaw #PoliceInvestigation #Government #NationalSecurity #SouthKoreanOfficials #EmergencyPowers #PoliticalInquiry #YoonSukYeol #HanDuckSoo
🚀 David Sacks Appointed As AI And Crypto Advisor Amid Controversy
#DavidSacks #AI #Crypto #DonaldTrump #advisorycommittee #venturecapitalist #CraftVentures #technologypolicy #SiliconValley #startups
According to Odaily, former President Donald Trump recently appointed David Sacks as the "AI and Crypto Czar" to lead a new advisory committee, drawing significant attention. Sacks, a venture capitalist, podcast host, and former PayPal executive, was initially set to take on a leadership role. However, insiders from the transition team revealed that last week, the position was downgraded to a general advisory role. This change was partly due to Sacks' reluctance to leave his investment firm, Craft Ventures, and his unwillingness to undergo the formal appointment process.
In the future, Michael Kratsios is expected to lead technology policy efforts, with Sacks contributing policy ideas. Despite the change in his role, Sacks remains influential, frequently operating in Florida and San Francisco and meeting with lawmakers. His appointment has sparked controversy over potential conflicts of interest, though some in Silicon Valley are optimistic, believing he could benefit startups. However, there are concerns about his expertise and the direction of policy under his influence.#DavidSacks #AI #Crypto #DonaldTrump #advisorycommittee #venturecapitalist #CraftVentures #technologypolicy #SiliconValley #startups
🚀 Tai Mo Shan Ltd. Settles With SEC Over TerraUSD Misleading Claims
#TaiMoShan #SEC #TerraUSD #cryptocurrency #settlement #Luna #investors #securitieslaws #LUNA
According to Foresight News, Tai Mo Shan Ltd., the cryptocurrency division of Jump Trading, has agreed to pay $123 million to settle allegations by U.S. regulators that it misled investors about the stability of the TerraUSD algorithmic stablecoin. The U.S. Securities and Exchange Commission (SEC) announced on Friday that the company also resolved accusations of violating securities laws while underwriting TerraUSD's sister token, Luna. Tai Mo Shan neither admitted nor denied the SEC's allegations as part of the settlement.
TerraUSD was designed to maintain a constant value of $1 through a complex algorithm involving Luna and trader incentives. However, the SEC stated that Tai Mo Shan's substantial purchasing activities artificially stabilized the coin, misleading the market into believing the algorithmic mechanism was effective.#TaiMoShan #SEC #TerraUSD #cryptocurrency #settlement #Luna #investors #securitieslaws #LUNA
🚀 Google Updates Cryptocurrency Advertising Policy for 2025
#Google #Cryptocurrency #AdvertisingPolicy #FinancialServices #CryptocurrencyExchanges #UK #GoogleCertification #FCA #HardwareWallets #NFTs #CryptoAssets
According to PANews, Google has announced an update to its financial products and services policy, which will take effect in January 2025. The update clarifies the scope and requirements for advertising cryptocurrency-related businesses and services. Starting January 15, 2025, advertisers offering cryptocurrency exchanges in the United Kingdom can promote these products and services, provided they meet specific criteria and obtain Google certification.
For cryptocurrency exchanges and software wallets in the UK, Google will permit advertisements if the advertisers are registered with the Financial Conduct Authority (FCA). Additionally, they must comply with any other local legal requirements.
Regarding hardware wallets in the UK, Google will allow advertisements for devices used to store private keys for cryptocurrencies, NFTs, or other crypto assets. However, these advertisements must not offer additional services such as buying, selling, exchanging, or trading assets. Advertisers must also adhere to any other local legal requirements.
All advertisers must obtain Google certification to run these advertisements.#Google #Cryptocurrency #AdvertisingPolicy #FinancialServices #CryptocurrencyExchanges #UK #GoogleCertification #FCA #HardwareWallets #NFTs #CryptoAssets