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Cryptography News
Zycrypto
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Bitcoin and Ether Lead Top Crypto Gainers; Can BTC and ETH Inspire XRP, Solana, Cardano, Shiba Inu?
- Bitcoin and Ethereum lead top crypto gainers in the market.
- Bitcoin hits a new all-time high and attracts $2 billion inflows in the last 7 days.
- Rising institutional volumes contribute to Ethereum's bullish speculations.
- Traders anticipate wider fund flows to altcoins in the coming months.
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Zycrypto
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382
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Bitcoin Crushes Gold Ceiling: 1 BTC Equals 39 Ounces—More to Come?
- Bitcoin reaches an all-time high of $106,533, consolidating at $104,672.
- Speculation on the U.S. government creating a Bitcoin strategic reserve.
- Interest from other countries in holding Bitcoin reserves for national strategies.
- Peter Brandt's analysis predicts a Bitcoin/Gold ratio of 89:1 and a possible target of $120,000.
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Cryptoticker
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352
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XRP’s RLUSD Stablecoin Launches Tomorrow – What You Need to Know
- Ripple is launching its fully-backed RLUSD stablecoin, which will offer a more stable value over cryptocurrencies like Bitcoin, making it ideal for cross-border payments and remittances.
- RLUSD will be available on the XRP Ledger and the Ethereum blockchain, ensuring access across major crypto ecosystems.
- Ripple has leveraged the speed and scalability of the XRP Ledger in deploying RLUSD, offering faster transactions with lower fees, and has secured support from high-profile advisors.
- Ripple claims that every RLUSD token is fully backed by real USD reserves, ensuring complete transparency and offering an edge over Tether that has been criticized for its opaque reserve disclosures.
- RLUSD is supported on both the XRP Ledger and Ethereum that increase liquidity and ensure users from both ecosystems can access the token.
- Several platforms including Uphold, MoonPay, and Bitstamp will support RLUSD from day one, with more expected to follow, ensuring strong liquidity.
- RLUSD's launch is seen as Ripple’s strategic move to boost the usage of XRP, not just for remittances but also for stablecoin payments.
- With the additional liquidity and exposure from the RLUSD launch, XRP could see increased demand from both retail and institutional users.
- The $140B stablecoin market is growing rapidly, with institutions looking for safe and transparent assets for cross-border payments, and RLUSD is Ripple’s opportunity to challenge the dominance of USDT and USDC.
- Ripple is positioning RLUSD as a superior stablecoin that is faster, more secure, and more transparent than its competitors.
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Cryptonewsz
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171
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Cardano Price Holds Key FIB Support for 20% Breakout Rally this Week
- The Cardano price has rebounded after a healthy retracement, showing potential for a higher breakout.
- Whale activity on the Cardano network has surged, indicating growing institutional or large investor interest.
- The Cardano price recovery is supported by sustainability above the 50% Fibonacci retracement level, suggesting a bullish trend.
- A downsloping trendline at $1.1 and $1.32 serves as key resistance for ADA buyers.
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Coindoo
3w
114
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Forte Unveils Open-Source Rules Engine to Support Safety and Economic Stability in Blockchain Development
- Forte has launched the Forte Rules Engine, an open-source solution for developers to build safe, on-chain environments and manage digital asset economies for web3 apps.
- With the Rules Engine, developers can define and enforce rules, establish transaction guardrails, manage compliance obligations, and mitigate the risks of volatility and bad actors.
- The Forte Rules Engine provides on-chain technology to build safe and sustainable economies that communities trust, with features like on-chain guardrails, KYC and wallet protocols, and sanctions enforcement.
- Developers can access templated and bespoke rulesets to promote economic stability, enforce token utility requirements, and manage trading volume.
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Coinjournal
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308
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Bitpanda becomes first European firm to secure Dubai VARA in-principle approval
- Bitpanda, a prominent European digital asset platform, has secured in-principle approval from the Dubai Virtual Asset Regulatory Authority (VARA), making it the first European crypto firm to gain entry into Dubai’s digital asset market.
- Dubai has emerged as a global cryptocurrency and blockchain innovation hub, offering a supportive regulatory environment for crypto businesses and investors.
- Bitpanda plans to establish a regional headquarters in Dubai to expand globally, taking advantage of the city's crypto-friendly status and vibrant ecosystem.
- While additional regulatory requirements need to be fulfilled for full authorization, Bitpanda's approval underscores its commitment to contribute to Dubai's growing crypto ecosystem and solidify its presence in one of the world's most promising crypto markets.
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Zycrypto
3w
206
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Forbes Web3 Proudly Showcases Community Members Who Hold the Forbes Legacy Pass
- Forbes Web3 showcases community members with the Forbes Legacy Pass in its latest edition.
- The Forbes Legacy Pass offers exclusive access to global events and selected artist drops.
- Interested individuals can apply for a Forbes Legacy Pass membership on the official website.
- Over 120,000 participants are currently on the waitlist.
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Zycrypto
3w
352
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Eliza Labs Partners Stanford University to Study how AI Agents Impact Digital Currency
- Eliza Labs has partnered with Stanford University’s Future of Digital Currency Initiative (FDCI) to study how autonomous AI agents can transform cryptocurrency systems.
- The collaboration establishes the first AI x Web3 Lab at Stanford University’s FDCI.
- Eliza Labs' open-source Eliza agent framework will be used to explore how AI agents can establish trust, coordinate actions, and make decisions within decentralized financial systems.
- The research will focus on agent trust mechanisms, multi-agent economic systems, and decentralized agent governance to shape the future of financial systems and drive trust and governance in decentralized economies.
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Zycrypto
3w
61
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Pre-Christmas Market: Tokens or Cryptocurrency in Gift Packaging
- BITmarkets, a cryptocurrency exchange, has introduced a pre-Christmas gift package containing 101 BTMT tokens.
- Digital gifts, including subscriptions to streaming platforms and online course memberships, are growing in popularity.
- Users can gift the package by using a promo code and setting up a cryptocurrency wallet for themselves and the recipient.
- The offering aligns with the demand for digital gifts and aims to educate users about cryptocurrencies through free courses from BITmarkets Academy.
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Cryptoslate
3w
0
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FTX to begin initial distributions by March with Kraken and BitGo as partners
- FTX and its affiliated debtors announced that their reorganization plan will take effect on Jan. 3, 2025, with distributions commencing within 60 days.
- FTX has partnered with BitGo and Kraken to manage the distribution process for retail and institutional creditors, ensuring efficiency and security across jurisdictions.
- The initial distribution will apply to creditors in the Convenience Classes, with separate payment dates announced for other classes.
- FTX CEO encouraged customers to complete necessary steps via the FTX Debtors' Customer Portal to receive payments promptly.
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Coinjournal
3w
88
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Lido Finance to discontinue its products on Polygon starting Dec. 16
- Lido Finance, the largest liquid staking protocol in the decentralized finance (DeFi) ecosystem, will end its staking operations on Polygon starting Dec. 16, 2024.
- The decision is due to low adoption, zkEVM transition, and a focus on Ethereum.
- Users must unstake MATIC before June 16, 2025, to avoid using explorer tools for withdrawals.
- Lido Finance remains committed to prioritizing its Ethereum-based services.
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Zycrypto
3w
39
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Lightchain AI’s Present-Day Innovation or TRON Future Vision—What’s the Safer Bet?
- TRON (TRX) is a blockchain platform that's focused on decentralizing content and entertainment with a vision for the future.
- On the other hand, Lightchain AI focuses on integrating artificial intelligence (AI) into decentralized systems and solving real-world problems through AI-driven scalability and efficiency.
- TRON's consensus mechanism supports high transaction throughput and handles up to 2,000 transactions per second (TPS) while maintaining low energy consumption.
- Lightchain AI's Proof of Intelligence (PoI) rewards nodes for performing AI computations, such as training and optimizing machine learning models and aligning blockchain security with practical applications.
- TRON's ecosystem thrives on its entertainment-focused vision, appealing to creators and consumers in the digital media space.
- Meanwhile, Lightchain AI targets developers and enterprises, offering tools and frameworks for industries that require intelligent, decentralized solutions.
- TRON excels in its niche of decentralized entertainment, while Lightchain AI's cutting-edge technology and practical applications make it a strong contender for the broader blockchain ecosystem.
- TRON faces criticism for its perceived centralization and reliance on marketing-driven hype.
- Lightchain AI is already gaining traction, and its presale is now live, offering early holders a chance to be part of this groundbreaking project.
- Readers should conduct independent research before taking any actions related to the company, product, or project mentioned in this piece, nor can this article be regarded as investment advice.
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NullTX
3w
48
Image Credit: NullTX
Bitamp, Altcoin Forecasts, & Plus Wallet Insights
- Bitamp offers unmatched privacy and security for Bitcoin enthusiasts, with private keys stored locally.
- Altcoins continue to face volatility as Bitcoin surpasses the $100,000 mark again.
- Plus Wallet is a robust multi-chain platform designed for easy trading and enhanced security.
- Plus Wallet simplifies cross-chain transactions and offers advanced biometric security for confident crypto trading.
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Coinjournal
3w
400
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Ripple to launch RLUSD stablecoin on December 17
- Ripple has announced the stablecoin RLUSD will go live on exchanges on December 17, 2024.
- The launch comes a few days after the company revealed it received regulatory approval.
- Ripple's stablecoin RLUSD will be available on global exchanges such as Uphold, Bitso, MoonPay, Archax, and CoinMENA.
- Ripple plans to integrate RLUSD in its Ripple Payments product in early 2025.
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Cryptoslate
3w
391
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Aave mulls Polygon exit over risky stablecoin proposal
- The Aave community is evaluating a proposal to withdraw the lending protocol from Polygon’s Proof-of-Stake (PoS) chain.
- The founder of Aave Chan suggested Aave should adjust risk parameters for its deployments on the Ethereum layer-2 blockchain and eventually exit the Polygon network.
- This move is driven by potential risks associated with Polygon's plan to rehypothecate stablecoin reserves and concerns about security vulnerabilities.
- Aave's proposed withdrawal would only impact a small percentage of its total value locked (TVL) and fee revenue.
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