Ethena Labs has unveiled an ambitious proposal aiming to bolster the growth of its synthetic dollar, USDe, through the introduction of a decentralized exchange (DEX) named “Ethereal.” On September 30, community member Fells0x put forth this proposal which aims to leverage the benefits of decentralized finance (DeFi) while enhancing USDe’s utility in the competitive crypto
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In a pioneering move that merges the worlds of digital finance and art, Kresus, a prominent crypto wallet provider, has entered into a partnership with Christie’s—a legendary auction house known for its prestigious art sales. This collaboration aims to create a more secure and transparent method for art collectors to verify and maintain ownership of
Ripple, the leading blockchain technology firm known for its innovative payment solutions, has recently achieved a remarkable milestone by obtaining in-principle approval from the Dubai Financial Services Authority (DFSA). This development, announced on October 1, underscores Ripple’s aspirations to enhance financial service innovation within the United Arab Emirates (UAE). As the first blockchain-based payment service
In a significant decision, the United States Court of Appeals for the District of Columbia Circuit concluded that betting on U.S. elections through prediction markets is legal. This ruling, issued on October 2, 2023, came after the Commodity Futures Trading Commission (CFTC) sought to impose restrictions on such markets, particularly targeting Kalshi, a prediction platform.
In a noteworthy development for the cryptocurrency market, Bitwise Asset Management has filed for an exchange-traded fund (ETF) tied to XRP in Delaware. This strategic move is significant as it reflects an increasing demand for structured investment vehicles in digital assets, particularly with Ripple’s cryptocurrency, XRP, at the forefront. The announcement, reported by Fox Business’
As October, or “Uptober,” unfolds, market analysts are radiating optimism regarding Bitcoin’s future trajectory. The end of September saw a resurgence in Bitcoin’s value, suggesting that the cryptocurrency is gearing up for an exciting quarter ahead. In this atmosphere of enthusiasm, a notable crypto analyst has identified significant factors that could elevate Bitcoin to unprecedented
Bitcoin, the foremost cryptocurrency, has experienced a notable pullback from its peak price of approximately $66,000. At present, it hovers just about 4% below this threshold, placing its $63,000 mark in the spotlight for bullish investors. However, the critical tone within the cryptocurrency market suggests that a more pronounced correction could be looming, potentially driving
The cryptocurrency market often serves as a rich battleground for ambitious predictions and speculative forecasts. In recent discourse, crypto analyst Wisdom Matic has put forth notable price targets for Bitcoin (BTC), Dogwifhat (WIF), and Fantom (FTM), suggesting possible milestones these cryptocurrencies may achieve in the upcoming bull run. While optimism can be infectious, it is
Bithumb, a key player in the South Korean cryptocurrency landscape, has announced its responsive intentions to explore a public listing in the United States. This disclosure came forth during a shareholders meeting held on September 30, engaging the attention of local and global media alike. The exchange is currently eyeing an opportunity to list on
In a significant recognition of his contributions to the blockchain sphere, Charles Hoskinson, the founder of Cardano and CEO of Input Output, was honored in Switzerland at the ETH10X event. This commendation, bestowed upon him and seven other co-founders of Ethereum, was organized by the Canton and City of Zug and signifies a decade of
