Author: CryptoHoppers
The Bitcoin price action in the past two weeks has reiterated its volatile nature despite the steady flow of institutional money. The cryptocurrency surged in the last days of September from $53,500 to a high of $66,000, only to pull back to $61,000 in the first few days of October, showing its unpredictable nature. Interestingly, Bitcoin’s rally to reaching $66,000 has led to a change in the investing dynamics among holder cohorts. Furthermore, this change in dynamics reveals that its reversal and retest after the rally is not entirely bad news for Bitcoin’s price. In fact, this shift suggests that…
Franklin Templeton has extended its Nasdaq-listed On-Chain U.S. Government Money Fund (FOBXX) to the Aptos blockchain, following its recent expansion to Avalanche. The asset management giant views this move as a significant advancement toward a decentralized financial future. Aptos, founded by some of the team behind Meta’s Diem project, supports decentralized app development and token launches. FOBXX allows investors to digitally hold shares in U.S. government securities and is already available on multiple blockchains, including Polygon and Arbitrum. This marks Franklin Templeton’s ongoing commitment to blockchain technology since 2019. Follow us for inspiring posts and storiesWe’d Love to Hear Your…
Key Takeaways 0G has rebranded to focus on a decentralized AI operating system. The system separates data storage and computation for various AI applications. Share this article 0G, formerly known for its modular AI blockchain, has rebranded as the first Decentralized AI Operating System (dAIOS). 0G is transforming. We are shifting from our identity as the leading modular AI blockchain to embracing our broader capabilities as the world’s first Decentralized AI Operating System (dAIOS). 🔗 Full blog: https://t.co/Jz2ZwvfWpT Here’s what this means 🧵 👇 pic.twitter.com/YvECjU9XNd — 0G Labs (@0G_labs) October 3, 20240G leverages blockchain technology to coordinate decentralized resources, including…
Institutional investors and wealth managers anticipate a sharp increase in digital asset fund launches, with 70% of those surveyed expecting a rise over the next 12 months, according to new research by Nickel Digital Asset Management. 92% of respondents also foresee traditional financial institutions entering the sector with their own funds, driven in part by […] Source link
Since its mainnet launch in May 2023, Sui has quickly gained traction. What’s interesting is that it has already positioned itself as a serious competitor to Solana. By September 2024, Sui surpassed 1 million daily active addresses and locked in over $1.22 billion in total value locked (TVL). These impressive metrics place Sui among the top 10 blockchains by TVL, signaling strong DeFi adoption. While Solana boasts 4 million daily active addresses, Sui’s rapid growth within a short time frame suggests it’s swiftly catching up. Sui’s parallel transaction processing gives it a notable advantage in scalability and resilience. Scalability and…
Key Takeaways Tron’s Q3 revenue of $566 million exceeds that of Bitcoin, Ethereum, and Solana. Stablecoin transactions and memecoin activities significantly contribute to Tron’s revenue. Share this article Tron’s stablecoin ecosystem has propelled the network to new heights, generating $566 million in revenue during Q3 2023 and securing its position as a major player in the blockchain space.The network’s impressive performance is largely attributed to its robust stablecoin activity, with Tron now controlling 34.8% of the stablecoin market. This positions it as the second-largest blockchain for stablecoins, supplying a staggering $59.8 billion worth of these digital assets. Tether’s USDT dominates…
Beeple, also known as Mike Winkelmann, has been at the forefront of the digital art revolution, bringing a blend of technology, dystopian satire, and artistic commentary to collectors worldwide. His latest release, “The Tree of Knowledge”, is a captivating triptych that explores a symbiotic relationship between technology and nature. This piece is part of a timed edition sale, ensuring exclusivity for those who engage with it during the limited 48-hour release window. The Tree of Knowledge: Concept and Medium Beeple’s “The Tree of Knowledge” is not just a print; it’s a reflection of the artist’s complex relationship with the digital…
A pioneering Africa-Europe collaboration aims to train 700 African Doctor of Philosophy (PhDs) in artificial intelligence (AI) over the next decade. The first intake of this program, however, will be unique: it will consist entirely of women. This initiative is the brainchild of CORE AI, a research partnership uniting universities from both continents. The program […] Source link
As businesses turn to dollar-pegged options, stablecoins now represent over 40% of Sub-Saharan Africa’s crypto economy. Stablecoins have emerged as a vital component of Sub-Saharan Africa‘s crypto economy, accounting for approximately 43% of the region’s total transaction volume, according to a recent report from Chainalysis. In nations grappling with volatile local currencies and limited access to U.S. dollars, dollar-pegged stablecoins such as Tether (USDT) and Circle (USDC) have gained prominence, enabling businesses and individuals to store value, facilitate international payments, and bolster cross-border trade. In a commentary to Chainalysis, Yellow Card chief executive Chris Maurice said that “about 70% of…
Both Dogecoin and Shiba Inu have emerged as major players in the meme coin world. Their light-hearted branding has proven popular in the market, catapulting them to success. While they may seem similar on the surface, these two coins have important differences that set them apart and provide distinct use cases and investment factors to consider. Overview of Dogecoin and Shiba Inu Launched in 2013, Dogecoin was the first ever so-called meme coin, a digital asset launched explicitly as a joke. The currency was created by software engineers Billy Marcus and Jackson Palmer partly as a way to poke fun…