Balita sa Industriya ng Crypto at Market Trends

Singapore’s new president is a digital asset sceptic who once called crypto ‘slightly crazy’

crypto　　Singapore‘s new president is a digital asset sceptic who once called crypto ’slightly crazy　　3 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Singapore has a new president, and hes a vocal digital asset skeptic. Tharman Shanmugaratnam, who won the election by a landslide, has pledged to usher in a new era of optimism for the island nation.　　Tharman got 70.4% of the votes in a statement victory for the ruling Peoples Action Party (PAP). He defeated Ng Kok Song and Tan Kin Lian, who attained 16% and 14% of votes, respectively.　　Tharman is a stalwart in the Singaporean political and public service sphere. Until his resignation in July to run for office, he was the chairman of the Monetary Authority of Singapore (MAS), a position he has held since 2011. He has also served as the deputy prime minister and the minister of finance. In 2019, following the resignation of Christine Lagarde, he was one of the nominees for the top job at the International Monetary Fund (IMF).　　While he‘s one of the most beloved leaders in Singapore, the ’crypto‘ world isn’t as fond of the 66-year-old.　　Earlier this year, Tharman was part of a panel at the World Economic Forum‘s (WEF) Davos conference where he

2023-09-12Industriya

Ang bid ng Terra Classic upang labanan ang spam

Pananalapi　　Ang bid ng Terra Classic upang labanan ang spam　　4 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　The Terra Classic community finds itself grappling with challenges and has put forth a proposal aimed at addressing some pressing issues within the Terra Classic chain. Specifically, this proposal revolves around increasing the minimum deposit requirement on the Terra Classic chain, which currently stands at one million Terra Luna Classic (LUNC), an equivalent of approximately $57.23.　　This proposal, known as Parameter Change Proposal #11780, identifies a significant uptick in spam proposals on the blockchain as a primary concern. In response to this issue, the proposal suggests a substantial hike in the minimum deposit required on the network for eligibility to submit proposals on Terra Classic Station. The proposed new minimum deposit threshold would be set at five million $LUNC.　　Whats noteworthy is the overwhelming support this proposal has garnered within the Terra Classic community. Currently live on Terra Classic Station, it enjoys a staggering 93.75% approval rate. Key players in the Terra Classic ecosystem, including Happy Catty Crypto, SolidVote, Lunanauts, and AllNodes, have thrown their support behind the “Initiative to combat spam proposals by increasing minimum deposit amount to 5M LUNC.”　　Terra proposal　　The rationale behind this proposal lies

2023-09-12Industriya

Litecoin price death cross point sa mas maraming downside bago ang data ng US CPI

Balita ng Ethereum ng Bitcoin　　Litecoin price formed a death cross pattern on August 17th.　　LTC and other coins are suffering from weak fundamentals.　　The focus now shifts to the upcoming US inflation data.　　Litecoin price plunged to the lowest level since November 2022 as investors wait for the upcoming US consumer price index (CPI) data. The LTC coin plunged to a low of $60, meaning it has dropped by over 36% since its halving in August and by almost 50% from its highest level this year.　　Darating ang data ng inflation ng US　　Litecoin and other cryptocurrencies have been in a strong bearish trend in the past few months as demand dropped. The most recent data by The Block shows that the total volume of crypto traded in centralized exchanges (CEX) dropped to the lowest level since 2020 in August.　　There are two main reasons why Litecoin price has dropped. First, there are serious regulatory concerns in the industry after the Securities and Exchange Commission (SEC) sued Coinbase and Binance.　　There are two main positives about these lawsuits. First, we believe that they will take a long time to complete. The Ripple vs SC case took more than three years. Second, crypto companies have shown that they

2023-09-12Industriya

Pinag-isipan ng Arm ang Pagtaas ng Saklaw ng Presyo ng IPO sa gitna ng Malakas na Interes ng Investor

Arm has successfully secured a lineup of cornerstone investors for its IPO, including some of the biggest names in the tech industry.　　Arm Holdings Ltd., the renowned chip designer owned by SoftBank Group Corp (TYO: 9984) is reportedly contemplating raising the price range of its highly anticipated Initial Public Offering (IPO). This move comes after meetings with potential investors revealed overwhelming interest in what is poised to become the worlds largest listing of the year.　　Arm Exploring IPO Price Options　　When Arm first filed for its IPO, it set an initial price range of $47 to $51 per share, potentially valuing the company at $54.5 billion at the upper end of this range. This valuation represented a departure from earlier estimates, which had pegged the companys worth in the range of $60 billion to $70 billion. Now, in light of robust demand from investors, Arm is considering revising its price range upward.　　Alternatively, Arm is exploring the possibility of retaining the existing price range but pricing the IPO shares at a level above this range. This approach would similarly lead to a valuation exceeding the $54.5 billion benchmark. This strategy allows Arm to maintain consistency in its pricing guidance while capitalizing on robust investor

2023-09-12Industriya

Heres Whats Behind 229% Surge in SHIB Whale Transactions

Shiba Inu whale transactions are up 229% at the start of the week. Data from on-chain analytics firm IntoTheBlock reveals a spike of 229% in Shiba Inus large transaction volume. The last 24 hours specifically saw 1.23 trillion SHIB in large transaction volume.　　IntoTheBlock classifies transactions with a transfer of more than $100,000 as large transactions. The Large Transactions Volume indicator in this instance calculates the total amount of cryptocurrency transferred in such transactions.　　Large Transactions Volume gives an estimate of the total amount that whales transact in a single day. Increases in the volume of large transactions indicate high activity among whales either buying or selling.　　In the last 24 hours, over $9.08 million were transferred in transactions over $100,000, which might suggest that a considerable quantity of volume was probably bought by large players.　　This deduction stems from the fact that whales, or large holders, typically take advantage of periods of price decline to accumulate more holdings.　　Per the IntoTheBlock “Balance by Holdings” statistic, there is a tendency toward accumulation among Shiba Inu trillionaire addresses, particularly those who hold 1 trillion to 10 trillion SHIB, as their balance has increased in the last 30 days.　　Pagkilos ng presyo ng Shiba Inu　　Shiba Inus price has

2023-09-12Industriya

Bitcoin Could Be ‘Off to the Races’ As Rare Contrarian Indicator Flashes, Says Analyst Jason Pizzino

Crypto analyst Jason Pizzino says a rare macro indicator is hinting that risk assets including Bitcoin (BTC) couldve already bottomed and are getting ready to rally.　　In a new strategy session, Pizzino tells his 290,000 YouTube subscribers that he‘s watching the consumer confidence index (CCI), which tracks households’ outlook on potential future economic development based on monthly surveys.　　Citing data from Sentimentrader, Pizzino says that the CCI essentially acts as a contrarian indicator for the stock market, with downward-moving CCI readings signaling future market growth and upward-moving readings suggesting exuberance.　　With CCI in the midst of confirming a reversal and crossing below the 70 level, Pizzino says that based on history, stocks and cryptocurrencies should be moving up in the next three to six months, which would be the “max pain” move and could send Bitcoin “off to the races.”　　Looking at Bitcoin, Pizzino says that a modest move to key support levels is more likely than a dramatic collapse to much lower prices. He says he would use a correction to the $23,000 level as a “buy the dip opportunity.”

2023-09-12Industriya

Mga Lihim sa Likod ng Pagbuo ng Isang Matagumpay na Kumpanya ng Fintech

The rise of the fintech space sparked the emergence of highly successful global companies with the potential to change the international financial landscape. To put things in perspective, fintech company PayPal reportedly processed $1.36 trillion in payments in 2022 – more than the 2022 GDP of the Netherlands at $991 billion.　　With companies such as Paypal, Stripe, Visa, and Mastercard figuring majorly in the facilitation of transactions worldwide, it is no surprise that experts project the fintech industry to become a $1.5 trillion industry by 2030.　　Luiz Góes, CEO of the upstart Dubai fintech company Layered Financial Independence (LFi), shares 3 Secrets Behind Building a Successful Fintech Company.　　Identify a Target Market and Pain Point　　For a fintech idea to get off the ground, it must have a core purpose – a customer pain point it aims to solve. A companys fintech industry strategies can be laid to waste if the business fails to uphold this simple yet vital premise.　　A founder needs to engage in deep and extensive market research to determine two things:　　A problem or challenge for which technology can provide a solution;　　A sizeable customer base for whom the new product will be of particular use.　　These two aspects will be the foundational principles

2023-09-12Industriya

Ripple Rescues Fortress Trust Customer sa Potensyal na Deal sa Pagkuha

Ripple, an investor in Fortress, has stepped in to compensate Fortress customers for any incurred losses as part of the acquisition process.　　Ongoing discussions surround the potential acquisition of Fortress by Ripple, a cryptocurrency payment network. This unexpected development follows security issues faced by Fortress due to the compromise of a third-party vendors cloud tools.　　While the extent of the crypto loss remains unclear, it raises concerns about the security of clients investments. Ripple, an investor in Fortress, has stepped in to compensate Fortress customers for any incurred losses as part of the acquisition process.　　Ripples spokesperson said:　　“Luckily, Ripple was in a position to act quickly to step in and make customers whole, and there have been no breaches to Fortress technology or systems. Fortress notified customers immediately of the incident when it happened – as they mentioned in their tweets”　　This entire situation appears to expedite the dialogue between Ripple and Fortress regarding the potential acquisition. Although Fortress announced an acquisition deal on September 8, it still awaits regulatory approvals and due diligence. If approved, the deal will significantly bolster Ripples collection of regulatory licenses, as Fortress holds a Nevada License, which is valuable in the cryptocurrency industry.　　Ripples Fortress Acquisition Deal Strategically Increasing

2023-09-12Industriya

Squid enables one-click cross-chain swaps on Cosmos

Squid, a cross-chain liquidity routing and swap protocol, is expanding its one-click swap application to the Cosmos Ecosystem.　　The protocol, built on the Axelar network, already powers one-click cross-chain swaps across 12 different EVM blockchains using Axelars General Message Passing (GMP).　　Squid connects different decentralized exchanges between chains, co-founder Fig told Blockworks. On EVM-compatible chains, for example, this means connecting Uniswap and Quickswap.　　In its expansion to Cosmos, Squid uses the DEX Osmosis to facilitate token swaps. This means users can swap tokens in one click between Uniswap and Osmosis.　　These assets are routed into the wider Cosmos ecosystem through the Inter-Blockchain Communication Protocol (IBC), which enables independent blockchains to communicate with each other.　　Part of the reason why Squid made the investment to build this technology in the first place was driven by the migration of dYdX to Cosmos, Fig explained.　　“Theyre one of the best EVM teams and decided they needed their own app chain to scale their tech and be able to have their own environment, and they needed one click onboarding into that chain from anywhere,” Fig said.　　With one-click swaps now available on Cosmos, Fig hopes that users will now have a more efficient and better experience sending transactions between EVM-compatible chains

2023-09-12Industriya

Ang Coinbase ay bumubuo ng bagong henerasyon ng stablecoin

The head of the Coinbase, Brian Armstrong, believes that flatcoins could become the next iteration of stablecoins.　　In an interview with Yahoo Finance, he stated that flatcoins are “the next iteration of stablecoins.” Coinbase has not yet started development in this area, but they are “interested in it,” Armstrong added.　　“[The Flatcoin concept is] a new thing on the horizon. Theres a couple teams working on it.”　　Brian Armstrong, CEO ng Coinbase　　Armstrong considers this idea “the best form of money in the crypto space” compared to the current cryptocurrencies and stablecoins.　　“I also put out a blog post talking about some of the future ideas on the horizon. And a number of our venture investments might go into things like that. But I talked about flat coins, which is kind of the next iteration of stablecoins thats more maybe linked to CPI or purchasing power.”　　Brian Armstrong, CEO ng Coinbase　　What is flatcoin？　　Flatcoins are decentralized stablecoins that, for example, can be used to track inflation. Flatcoins, according to Armstrong, could respond to the uncertainty in the financial market that investors faced amid the 2022-2023 crisis.　　The term flatcoin was likely coined by former Coinbase CTO Balaji Srinivasan. He noted that if a particular fiat currency is inflationary,

2023-09-12Industriya

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