TLDR Solana (SOL) price predicted to reach $330, potentially challenging Ethereum’s dominance SOL outperforms Ethereum in transactions, daily active users, and transaction fees VanEck report suggests SOL could reach 50% of Ethereum’s market cap DeFi, stablecoins, and payments expected to drive Solana’s growth Institutional adoption of SOL lags behind retail investors due to Ethereum’s first-mover …
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Insights Bitcoin Spike in profitable Bitcoin UTXOs to 84% reflects renewed investor optimism. Bitcoin’s Unspent Transaction Outputs (UTXOs) in profit have risen to approximately 84%, coinciding with the digital asset’s price reaching around $63,800. This marks a recovery from earlier in the summer when UTXOs in profit dipped to about 65% during price corrections below …
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On Sept. 25, Bitcoin ETFs recorded net inflows of $105.9 million, driven primarily by a significant $184.4 million inflow into BlackRock’s IBIT ETF. However, this was partially offset by notable outflows from Fidelity’s FBTC and Ark’s ARKB ETFs, which saw withdrawals of $33.2 million and $47.4 million, respectively. Bitwise’s BITB ETF added a modest $2.1 …
Mira Murati, Chief Technology Officer at OpenAI, has announced her departure from the company after six and a half years. In a message to colleagues, Murati expressed gratitude for the opportunity to lead the technical organization and highlighted recent achievements, including the releases of speech-to-speech technology and OpenAI o1. “While I’ll express my gratitude to …
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The journey for blockchain protocols doesn’t end after their Token Generation Event (TGE); in many ways, it’s just the beginning. While pre-TGE projects often bask in the glow of investor hype and support, post-TGE protocols frequently face significant hurdles when attempting to raise additional funds by selling discounted tokens from their treasury. Fragmented fundraising environments …
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Visa has launched the Visa Tokenized Asset Platform (VTAP), a new product designed to help banks issue fiat-backed tokens on the Ethereum blockchain. This platform aims to digitize and automate the trading of real-world assets, such as commodities and bonds, using smart contracts. VTAP provides financial institutions with the tools and infrastructure needed to tokenize …
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BitcoinOS (BOS) has open-sourced its BitSNARK verification protocol, marking a significant advancement in blockchain technology. This protocol, which successfully verified the first zk-SNARK proof on the Bitcoin blockchain, enables zero-knowledge cryptography without altering Bitcoin’s core protocol. By facilitating decentralized atomic swaps, cross-chain transfers, and 2-way pegging, BitSNARK opens up new possibilities for Bitcoin to interact …
Dagestan, a republic in Russia, is stepping up efforts to tackle illegal cryptocurrency mining due to its impact on the power grid and public safety. Underground mining operations have caused recent infrastructure damage, including a substation fire. Officials call for stricter measures to address these issues as miners bypass regulations. Dagestan Cracks Down on Illegal …
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Piero Coen, co-founder and CEO of Osmo, a Latam-focused bitcoin and lightning network wallet, has announced that they are now bringing their full suite of financial services for customers in Costa Rica. Costa Ricans can top up their wallet using Sinpemovil, a quick cellphone-linked fiat payment method, debit and credit cards. In addition, wallet users …
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Play-to-earn blockchain games are driving crypto adoption in emerging markets, particularly in Southeast Asia, Latin America, and Africa. Experts attribute this growth to their accessibility, economic opportunities, and community-building benefits. One expert believes play-to-earn games can serve as a bridge to mass crypto adoption by leveraging the popularity of gaming and introducing users to the …
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An analyst and trader is leaning bullish on Bitcoin (BTC) amid a 13% gain by the flagship crypto asset in two weeks. The analyst pseudonymously known as Rekt Capital tells his 89,500 YouTube subscribers that Bitcoin is on the cusp of surging higher. “This really is the current breakout moment for Bitcoin to really start …
Bitcoin (BTC) is up 5.4% over the past seven days, fueled by the US Federal Reserve’s 50 basis point interest rate cut. However, industry analysts are still divided on the direction Bitcoin will take in the coming weeks of the fourth quarter. MV Global partner Tom Dunleavy believes the current macroeconomic landscape is a “perfect …
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Bitcoin miners got a bit of a breather on Wednesday as the network’s difficulty dropped by 4.6% at block height 862,848. For the next two weeks, the process of finding a block subsidy is 4.6% easier than it was during the previous 2,016 blocks, which had the highest difficulty level ever recorded. Bitcoin’s Mining Game: …
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Russian Interior Minister Vladimir Kolokoltsev has revealed that cybercrime damage in Russia has surpassed $1.25 billion so far this year, with both individuals and organizations, including government bodies, as frequent targets. He highlighted that cybercrime now represents 40% of all crimes in the country, rising to 60% in serious cases. Cybercrime Costs Russia Over $1.25 …
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The Hong Kong Monetary Authority (HKMA) has moved into Phase 2 of its e-HKD pilot program, expanding its exploration into tokenized deposits and e-HKD. With 11 groups of firms selected, the initiative delves into practical applications such as offline payments and asset settlement. The creation of an industry forum aims to solve potential challenges while …
