In correspondence with Cointelegraph, Nodle co-founder Garrett Kinsman outlined the firm’s upcoming software development kit (SDK) for its ContentSign solution that will look to prove the integrity of data from its moment of capture using blockchain.Continue Reading on Coin Telegraph More
The quantity of Ethereum held outside of exchanges reached an all-time high of 115.88 million ETH during the same period. Meanwhile, the amount of Ethereum held within exchanges fell to a five-and-a-half-year low, indicating a shift in investor behavior.In addition to these movements, CoinGecko data recorded a slight price dip for Ethereum. The cryptocurrency’s market cap stood at approximately $196.7 billion, with a 24-hour trading volume close to $7.3 billion. The trading range for Ethereum was between $1,631.65 and $1,654.45.However, not all Ethereum-related news was positive. Senior analysts at K33 noted that the debut of Ethereum futures Exchange-Traded Funds (ETFs) did not meet expectations. No further details were provided regarding the performance of these ETFs or potential reasons behind the disappointing launch.This sequence of events indicates a dynamic period for Ethereum, with significant withdrawals from exchanges and an underwhelming debut for futures ETFs. The implications for investors and the broader market remain to be seen.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
“Carl from the Moon” observes a Bitcoin bull flag formation on the weekly time frame that has a price target of $40,074.By definition, a bull flag is a bullish chart pattern depicted by two rallies separated by a brief pullback period. Profit-taking brings the initial rise to a stop, and the price settles into a tight range with slightly lower lows and higher highs.This demonstrates that there is still support on the market, even though theof some large long positions and traders entering short positions is causing the price to move downward.As the consolidation progresses, the price may break out of the upper range level and/or reach a new high after the bulls retake control to trigger another rally.BTC temporarily surpassed $28,000 earlier this week before reversing some of its gains., one of Glassnode’s cofounders, highlights BTC’s impressive rise at the start of October, while suggesting that a major decline seems improbable at this stage.”BTC enjoyed a 6% surge on Sunday, but hitting a roadblock at $28.5K led to a 4.5% dip the following day. Nevertheless, the Risk Signal’s sharp drop below the high-risk threshold suggests that a major decline is improbable at this stage,” the Glassnode cofounder tweeted.According to Santiment, Bitcoin experienced its largest volume spike on Monday, only hours after breaking beyond the $28,400 barrier for the first time since mid-August. This article was originally published on U.Today More
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Accounts linked to FTX and FTX.US were drained of $600 million on Nov. 11, 2022, hours after the crypto exchange had filed for Chapter 11 bankruptcy. At the time, FTX general counsel Ryne Miller informed traders about the hack caused by malware:Continue Reading on Coin Telegraph More
The survey revealed that 87% of Bitcoin owners use the cryptocurrency for cross-border remittances. In addition, 8.9% of those participating in remittances own Bitcoin. These figures highlight the increasing popularity of Bitcoin in facilitating economical global transactions.A notable finding from the survey was the difference in optimism towards Bitcoin between remittance participants and non-participants. More than half (56.2%) of those involved in remittances expressed a positive outlook for Bitcoin’s future. In comparison, less than a third (27.8%) of non-participants shared this optimism.This disparity is likely due to the drawbacks associated with traditional banking methods. As global connectivity continues to rise, cryptocurrencies like Bitcoin are expected to play an increasingly larger role. Despite facing regulatory and economic challenges worldwide, these digital currencies offer faster, cheaper, and more private transactions.This trend reinforces Bitcoin’s appeal as a tool for remittances and strengthens its case for continued global adoption. The survey’s findings suggest that as we become more interconnected globally, the role of cryptocurrencies like Bitcoin in facilitating international transactions is set to grow.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
Dr. Hussain had previously pointed out that Pakistani bank depositors are legally insured up to PKR500,000 by the DPC, which covers 94% of depositors. The DPC, established in 2018 under the Deposit Protection Corporation Act, 2016, compensates depositors for losses from bank failures and covers domestic operations of member banks.The protection level aligns with global standards, standing at 1.3 times GDP per capita. Bank deposits in Pakistan hit PKR22.8 trillion (USD1 = PKR284.047) as of June 2022, bolstered by Roshan Digital Account (RDA) inflows and a high return rate. Growth was also seen in eligible deposits at DPC member banks as per the SBP’s DPC annual report for 2021–2022.The strength of Pakistan’s banking sector is reflected in its capital adequacy ratio of 16.1% and a low non-performing loans ratio of 0.7%, both indicators surpassing minimum regulatory and global standards.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
In his role as the head of the world’s second-largest economy, Pan is expected to engage in discussions with global leaders including US Treasury Secretary Janet Yellen and IMF Managing Director Kristalina Georgieva. The conversations will cover a range of topics, including Beijing’s role in debt restructuring and economic stimulation amid a property crisis and weak consumer confidence.Pan’s defense of the yuan strategy will be under scrutiny, particularly as Finance Minister Liu Kun approaches retirement. His comments on monetary policy and the health of China’s economy will be closely watched by international observers.The PBOC governor is also expected to underscore China’s recent agreement with the Paris Club on Zambia’s debt relief. This groundbreaking deal signifies China’s commitment to the G-20 common framework for debt disposal. The relationship between PBOC and the State Council, China’s chief administrative authority, will also be a central point of discussion.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
