blockchaintechnology
The latest Bitcoin (BTC) jump past $65K triggered notable upsurges in the altcoin market. That saw Qtum (QTUM) recording impressive upticks, which saw it overpowering a falling wedge on the daily chart. The breakout suggests a potential end of a prolonged decline, indicating an upcoming bullish wave for QTUM. The prevailing setup points to a more than 70% increase from the current price, taking the QTUM price above the $4.5 mark. Recent ecosystem developments and optimistic sentiments in the altcoin market support QTUM’s anticipated recovery. June updates from the project highlight crucial pro...
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AI crypto project Render (RNDR) recently attained a remarkable milestone in user activity. Renowned analyst Ali Charts revealed that the platform saw the highest number of 24-hour active addresses since Render’s launch. He added that the upcoming migration of all RNDR coins to RENDER is behind the surged activity, indicating amplified engagement and interest among Render investors. Render’s token migrationThe platform plans to move all RNDR assets from the Ethereum network to Solana, rebranding the coin to RENDER. Render launched as an ETH project in 2017, but a community vote in 2023 suggeste...
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Colombia’s Central Bank, Banco de la República de Colombia (BRC), has released a comprehensive report outlining its cautious stance on issuing a central bank digital currency (CBDC). The report, titled “Relevance and Risks of Issuing a Central Bank Digital Currency in Colombia,” underscores the bank’s concerns over potential financial risks and policy challenges associated with CBDC adoption in the current crypto landscape. According to the report, the BRC cited uncertainties surrounding the adoption of retail CBDCs, which could potentially threaten financial stability and disrupt monetary pol...
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A notable transfer of around $246 million in Tether (USDT) poured into the crypto industry by market-moving players, according to latest data by Lookonchain. Cumberland deposited the USDT amount received from Tether Treasury into exchanges Coinbase, Kraken, and OKX. While details about the series of transactions remain vague, their effect on market liquidity remains unquestionable. Cumberland’s latest activity after months of dormancy could be a preparation for executing trades. The move signals renewed optimism among institutions in the market’s future. The massive capital injection can magni...
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The cryptocurrency community displayed optimism when Donald Trump selected Sen. J.D Vance as the US vice presidential nominee. Both Trump and Vance continue to position themselves as cryptocurrency-friendly candidates in the upcoming US general elections. The digital assets sector has showcased stability amid the ex-president’s election campaign. In fact, Trump’s campaign continues to receive millions in crypto donations. And guess what? Amid the ongoing optimism and Bitcoin reclaiming $65K, the Avalanche (AVAX) community has even more bullish news. Crypto analyst RamenPanda has revealed that ...
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Qubic, an emerging player in the AI blockchain sector, has announced its token listing on the MEXC exchange, part of its ambitious 2024 roadmap. The listing process begins with deposits opening on July 16, 2024, at 12:00 UTC, followed by trading on July 17, 2024, at 14:00 UTC, and withdrawals starting on July 18, 2024. This milestone is pivotal for Qubic as it aims to broaden access and visibility on a global scale, supporting its mission to democratize artificial intelligence. Roadmap highlights include SDKs, developer support, and financial backingQubic’s 2024 roadmap is comprehensive, focus...
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The Terra Luna Classic community is voting on a crucial proposal to roll out an independent website. The new site will attract users to the blockchain as it aims to recover traffic lost since 2022. Since the May 2022 crash, Terra Classic has operated without a website that can offer comprehensive insight into LUNC’s ecosystem and ongoing developments. Moreover, failure to attract dApp creators and developers and incompatibility with crypto sites such as Coinmarketcap and CoinGecko has led “to large losses of investor potential and loss of popularity.” Thus, the latest proposal catalyzed optimi...
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Cryptocurrencies recovered from a recent slump as Bitcoin (BTC) jumped past $65.5K. The market regains an upward momentum following Donald Trump’s attempted assassination, which saw political cryptos rallying. With the expected rate cut by the Fed, Ethereum ETFs launch, and the election buzz, political-tied token Solciety (SLCTY) looks positioned for impressive strides in the upcoming months. Solciety is a new project, currently at stage 5 of its presale, that has gained traction due to its political ties and satire. Further, Donald Trump’s pro-crypto stance sets stage for remarkable performan...
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PepeCoin (PEPE) has emerged as a top-performing digital asset amid the ongoing market revival, thanks to a significant endorsement from venture capital firm Nascent. The meme cryptocurrency gained nearly 24% in the past day, fueled by substantial buying momentum from Nascent, which has strategically shifted its portfolio to capitalize on the trend. Nascent swaps MakerDAO for PepeCoinLatest data showed Nascent swapped MakerDAO (MKR) for PepeCoin and Lido (LDO) early Tuesday. The venture capital company deposited $3.41 million worth of MKR (1,215 tokens) to Binance and subsequently acquired 141....
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PancakeSwap, a leading decentralized finance (DeFi) network, made a bullish move to boost the project’s growth. The platform has confirmed a massive token burn, destroying 8,820,499 CAKE coins (worth about $17 million) to reduce the asset’s supply. PancakeSwap’s recent developmentsToken burns reduce the asset’s overall supply, triggering scarcity and bolstering the price amid stable demand. PancakeSwap has removed over 8.8 million tokens from circulation. Moreover, the project revealed various significant developments. Meanwhile, revenue metrics from several activities highlight varying perfor...
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