Aurelia Butler

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  • 88 Shares149 Views

    in Cryptocurrency

    Rootstock Sees Unprecedented Growth in Recent Quarter

    Rootstock sees record-breaking usage and an influx of new partners integrated into its networkRootstock, the first and longest-lasting Bitcoin sidechain, established itself as a leading blockchain these three months, with record-breaking transactions and the integration of several new dApps, bridges, and wallets. This momentum has propelled Rootstock into the next step of its growth journey and the team is working toward further growth and improvements over the next 12 months.According to block explorer data, there have been over 13 million transactions, to date, on the Rootstock network. This is the result of record-breaking 45k transactions a month for the sidechain. The data can provide insight on why Rootstock can be an excellent place to start building on Bitcoin with over 60% of Bitcoin’s hash rate securing the network, and an uptime of 100% since its launch in January 2018.On the integration front, just over the last three months alone, over 25 dApps and protocols have been integrated into the Rootstock ecosystem providing users with new ways to access, build, and grow on Rootstock. The complete list includes the following:About RootstockRootstock is the world’s most secure smart contract platform that is cryptographically connected to the Bitcoin blockchain. Known as a Bitcoin sidechain, Rootstock uses a censorship-resistant two-way peg to allow users to send Bitcoin directly to the Rootstock chain which is then converted into smart Bitcoins (RBTC) on the Rootstock blockchain. These RBTC can be used to deploy or to interact with smart contracts and dApps on the Rootstock blockchain. BTC can be easily moved back to the Bitcoin mainchain at any point using the trustless bridge or through a variety of protocols such as Sovryn FastBTC.Website | X | Developer Portal | Discord | Youtube | BlogContactMrJames [email protected] article was originally published on Chainwire More

  • 138 Shares139 Views

    in Cryptocurrency

    Bitcoin Cash price under selling pressure as Mt. Gox roils market

    In addition to the roughly $9.5 billion in BTC the former exchange will return to its customers, Mt. Gox will also send back 143,000 BCH, worth around $73 million. This long-awaited development has created uncertainty in the market about how many investors will sell their holdings and through which venues.Kaixo Research reported that selling pressure on BCH accelerated on Binance and OKX before the official announcement, particularly at the end of Asian opening hours on July 4. Several sell orders were executed on Binance around 9 am UTC as the market awaits the announcement.The impact on BCH liquidity was evident, as price slippage for a simulated $100,000 sell order reached its highest level in over a month across most exchanges. This indicated worsening liquidity due to insufficient order book depth for large market orders. The highest slippage was observed on Itbit and Bybit. On July 5, BCH slippage rose from 0.2% to 2.8% on Bybit and from 0.3% to 3.5% on Itbit.”Strong selling pressure related to the Mt. Gox repayment event has significantly impacted BCH liquidity,” noted Kaixo Research. The liquidity issues reflect the broader market’s reaction to the repayment announcement.Mt. Gox, once the world’s top crypto exchange, handling over 70% of all Bitcoin transactions in its early years, was forced into bankruptcy in 2014 after a hack resulted in the loss of an estimated 740,000 Bitcoin.The announcement of repayments has added selling pressure on Bitcoin and the broader crypto market, with Bitcoin plunging to its lowest level in five months. This freefall led to over $580 million in bullish bets being liquidated.Exchanges approved by the trustee to process repayments include Bitbank, BitGo, Bitstamp, Kraken, and Japanese exchange SBI VC Trade. More

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    in Cryptocurrency

    Binance to Delist Four Trading Pairs: Details

    Upholding strict standards for listed assets is a top priority at Binance. Frequent evaluations guarantee that every digital asset keeps up with strict industry standards. Binance does a thorough review and may delist an asset if it no longer meets these standards or if the industry landscape changes. In order to accommodate changing market conditions and offer users the best services and protection, this procedure is essential.Delisting a digital asset is influenced by a number of factors. These factors include the development teams dedication to the project, the volume and caliber of development activity, trading volume and liquidity, network security and stability, the stability of smart contracts or the network, the degree of public communication, the responsiveness to requests for periodic due diligence, and other factors that directly affect the fundamental health of various assets or projects.BarnBridge (BOND), Dock (DOCK), Mdex (MDX) and Polkaster (POLS) are assets that will see their pairs being removed. As soon as trading is over, all trade orders will be automatically canceled. Delisting of the token will result in its valuation no longer being shown in wallets, and deposits made after July 23, 2024, will not be credited to user accounts.After October 22, 2024, withdrawals will not be accepted anymore. Furthermore, after October 23, 2024 users may convert their delisted tokens into stablecoins on their behalf; however, this conversion is not assured.In order to prevent potential losses, users of Binance Simple Earn Auto-Invest Binance Loans and Binance Margin are recommended to manage their positions and assets prior to the designated deadlines.This article was originally published on U.Today More

  • 113 Shares99 Views

    in Cryptocurrency

    Halliday Launches Commerce Network Backed by a16z and #Hashed

    Halliday, the commerce automation network for modular chains, announces the public launch of its network. Backed by major investors, such as Hashed and Andreessen Horowitz, with over 26 partners already, the platform aims to bring its technology to a wide swath of companies and commerce applications. Halliday’s network addresses the fragmented user experience and technological gaps currently hindering blockchain-based payments, simplifying digital commerce across blockchain ecosystems and helping to bring the technology mainstream. Halliday’s network promises simplified processes for onboarding users to new modular chains, purchasing NFTs across multiple chains, and engaging in complex financial transactions. Integrated solutions for payment processing and cross-chain compatibility further enhance its appeal to developers and users.About HallidayHalliday is building the Commerce Automation Network to enable any developer to connect their modular chain to commerce. Halliday saves you thousands of engineering hours with a unified interface and architecture and grows your volume by empowering users to spend, manage, and transact with ease.About HashedHashed is a team of blockchain experts and builders based in Seoul, Singapore, Bengaluru, and the Silicon Valley. We believe that decentralization can transform not only the global economy but the very fabric of the internet. Our mission is to accelerate the mass adoption of blockchain by investing our resources and empowering a new wave of entrepreneurs and innovators to create this future. We participate as core technical contributors to global infrastructure, and we’ve built a network of projects and people that connect industry pioneers with the knowledge and resources necessary to unlock the potential of blockchain.ContactVP of Business DevelopmentGeorge [email protected] article was originally published on Chainwire More

  • 163 Shares189 Views

    in Economy

    Wall St set for muted open as focus turns to inflation data, earnings

    (Reuters) -Wall Street’s main indexes were on track for a listless open on Monday, in a week packed with crucial inflation readings, Congressional testimony from Federal Reserve Chair Jerome Powell and the start of the corporate earnings season. Expectations for interest-rate cuts as early as September received a boost after Friday’s nonfarm payrolls report showed U.S. job growth slowed in June, the latest data to point to weakness in labor market conditions.Investors, however, will seek clues for a clearer picture of the Fed’s likely monetary policy path for the year.Traders now see a 69% chance of a 25-basis-point cut at the Fed’s September meeting, up from 60% a week ago, while expecting an overall reduction of about 50 bps for the year, according to CME’s FedWatch and LSEG data.On the economic front, Thursday’s release of June’s consumer price index data will be closely watched to gauge whether price pressures are easing.”The fact of the matter is the Fed has a dual mandate and their mandate is employment and inflation. Inflation is going down and unemployment is going up,” said Thomas Hayes, chairman at Great Hill Capital LLC.”They now have cover to make a cut when they want to and signs point toward September.”The S&P 500 and the Nasdaq continued to rally on Friday, closing at all-time highs as megacap tech stocks such as Meta Platforms (NASDAQ:META) and Microsoft (NASDAQ:MSFT) touched record peaks. Tesla (NASDAQ:TSLA) fell 1.3% in premarket trading, after jumping to its highest level this year on Friday, while Nvidia (NASDAQ:NVDA) gained 0.7%.Major banks including Citigroup, JPMorgan Chase (NYSE:JPM) and Wells Fargo are scheduled to kick off the second-quarter corporate earnings season on Friday.Shares of JPMorgan slipped 0.2% in premarket trading after broad losses saw the S&P 500 banks index end Friday’s session down 1.6%.Investors are focusing on earnings to see if a stratospheric jump in shares of just a handful of megacap stocks such as Nvidia can justify their pricey valuations.Markets will also watch Powell’s semi-annual testimony before U.S. Senate and House committees on July 9 and 10 closely, as well as comments from several other Fed officials through the week. At 8:43 a.m. ET, Dow e-minis were up 65 points, or 0.16%, S&P 500 e-minis were up 4.25 points, or 0.08%, and Nasdaq 100 e-minis were up 11 points, or 0.05%.Paramount Global rose 2.9% after Sunday’s announcement that the company would merge with Skydance Media, which has offered $4.5 billion in cash or stock and an extra $1.5 billion to shore up Paramount’s balance sheet.Planemaker Boeing (NYSE:BA) gained nearly 1% after it agreed to plead guilty to a criminal fraud conspiracy charge and pay a fine of $243.6 million, to resolve a U.S. Justice Department investigation into two fatal 737 MAX crashes. More

  • 138 Shares119 Views

    in Economy

    EV maker Lucid beats quarterly deliveries estimates helped by price cuts

    High borrowing costs, economic uncertainties and consumer preference for gasoline electric hybrids have weighed on demand for EVs.EV market leader Tesla (NASDAQ:TSLA) and others including Lucid (NASDAQ:LCID) have responded to slowing demand by slashing prices and offering greater incentives such as cheaper financing options to lure consumers.Lucid had cut prices of its flagship Air sedans by as much as 10% in February.The company delivered 2,394 vehicles in the quarter ended June 30, above estimates of 1,940 units, according to eight analysts polled by Visible Alpha. It had delivered 1,967 cars in the preceding three months.Lucid produced 2,110 units in the second quarter, compared with 1,728 vehicles in the prior three-month period.The company, in which Saudi Arabia’s Public Investment Fund holds about 60% of shares, had said in May it expects capital expenditure of $1.5 billion in 2024, up from $910.6 million last year, as it prepares to start manufacturing its Gravity SUV.The Gravity SUV, priced at around $80,000, is set to go into production later this year and will take on Tesla’s Model X. Lucid’s Air sedan competes against the Elon Musk-led EV maker’s popular Model S.Rivian (NASDAQ:RIVN) Automotive reported upbeat second-quarter deliveries last week, while Tesla posted a smaller-than-expected decline.Lucid had in May reaffirmed its annual production forecast of 9,000 cars in 2024, compared with the 8,428 vehicles it made last year. More

  • 125 Shares199 Views

    in Cryptocurrency

    Japan’s MicroStrategy Metaplanet Tops up Bitcoin Holding With 42 BTC

    Judging by its previous purchases, this accumulation is considered major discount buying for the firm.Since its last purchase, the price of Bitcoin has dropped 11.2%, creating a very good entry point for the firm. Buying Bitcoin as a publicly traded firm is a major validation of the coin’s ability to grow. While learning from MicroStrategy’s playbook, Metaplanet’s aggressive buying has been noted.With its series of purchases, the firm now holds a total of 203.734 Bitcoin units, acquired for a total of 2.05 billion yen, or $12,743,107.50.Entities like Metaplanet are committed to holding Bitcoin for the long haul. While many traders are concerned about frequent market fluctuations, as we have seen this month, MicroStrategy and Metaplanet consider it a new avenue to buy the coin.At the time of writing, the Bitcoin price is changing hands for $56,139.52, down by 2.22% in the past 24 hours. It remains unclear whether or not MicroStrategy will capitalize on this dip soon; however, the Metaplanet move remains a talking point for the ecosystem.This article was originally published on U.Today More

  • 88 Shares149 Views

    in Cryptocurrency

    Peter Schiff Congratulates Bitcoin Whales, No Sarcasm

    Crypto skeptic Peter Schiff noted that recent trading patterns and ETF inflows suggest that experienced investors are selling BTC on the spot market, while less experienced investors are purchasing it through ETFs. He implied that whales have strategically positioned ETF investors to bear the brunt of potential losses.Despite this, Schiff still pointed out that many people who profited from Bitcoin did so more by luck than by skill.Bitwise’s BITB received over $30 million, with almost $2.1 billion in assets. VanEck’s HODL took in $12.8 million and holds nearly $600 million in assets.Other Bitcoin ETFs, including those from BlackRock (NYSE:BLK), Franklin Templeton and Valkyrie Digital Assets, reported no significant changes in inflows or outflows.As things stand, fear, uncertainty, doubt and greed continue to influence market sentiment around Bitcoin ETFs and other crypto investment products.This article was originally published on U.Today More