Cryptocurrency

Suirum ($SUIR), a new meme coin on the SUI blockchain, has officially launched its presale, marking its entry into the expanding meme coin ecosystem on SUI. This presale provides early supporters the opportunity to participate in Suirum’s development and engage with the rapidly growing SUI meme coin community.The SUI blockchain, recognized for its high transaction speeds and low fees, provides a platform where meme coins can gain traction. Projects such as $BLUB and $SUIMAN have already gained traction, highlighting the community-driven nature of these tokens. Suirum aims to bring fresh utility to this space with its deflationary model and strategic community focus.How to Join the Suirum CommunityAs part of Suirum’s community-driven approach, supporters can join the project’s Telegram and Discord channels for updates and direct engagement with the team. The Suirum project emphasizes the importance of community and encourages members to stay informed on developments and upcoming events.About SuirumSuirum is a meme coin project built on the SUI blockchain, blending humor with innovative token utility. By leveraging SUI’s transaction efficiency, Suirum aims to provide an enhanced experience for both meme enthusiasts and cryptocurrency investors. With a focus on community engagement, Suirum aspires to establish itself as a leading meme coin on the SUI platform.For more information on Suirum and to participate in the presale, users can visit suirum.com.Website: https://suirum.com/X: https://x.com/suirumTelegram: https://t.me/suirumDiscord: https://discord.gg/HtyC2c6qContactCTOCharles [email protected] article was originally published on Chainwire More

Having lost this point during the news-driven massacre on the cryptocurrency market worth at least $180 million yesterday, the price of Bitcoin briefly found itself as low as $58,946, according to the Binance chart. However, buyers showed their hand, and over the next 12 hours, this imbalance, as they see it, was restored, with Bitcoin now trading as high as $61,200.It is interesting to note the divergence between what is happening on the price chart of Bitcoin and the sentiment of market participants as, according to the Fear and Greed Index, we are now entering the period of the latter, with a figure of 32 on the radar of this popular indicator. On the other hand, Bitcoin was able to regain important local price levels and was supported by buyers. Is it really a divergence, and while fear prevails, the bravest take advantage? What’s more important – price action or market sentiment?Without getting too philosophical, the only thing that matters is where Bitcoin goes next. There are really only three options: a march toward the dynamic resistance level currently at around $65,000, a further drop below $60,000 or a prolonged sideways chop that will eventually lead us to the first two options.This article was originally published on U.Today More

This product marked a complete pivot for BlackRock, a traditionally conservative firm. In line with its adoption of Bitcoin, CEO Larry Fink is now one of the major advocates of the digital currency. With the AUM boost, it remains unclear what the firm plans for its iShares Bitcoin Trust product overall.While the Bitcoin ETF is BlackRock’s flagship and most popular crypto product, BlackRock is also fully invested in iShares Ethereum Trust, the ETH ETF. Despite the generally poorer performance of Ethereum ETF products, BlackRock remains in the lead among issuers overall.With the massive uptick in BlackRock AUM, it may be inferred that Bitcoin and Ethereum contributed significantly to this new milestone.As a regulated investment outfit, BlackRock is combining a conservative approach with new tech adoption. As such, its current capital base might encourage it to take more calculated risks in the coin moving forward.Despite BlackRock’s stance, not all rivals share its vision for Bitcoin. Firms like Vanguard have specifically issued a highly publicized disclaimer that it will not get involved with Bitcoin, or crypto in general.This article was originally published on U.Today More

The conversation quickly expanded when a follower suggested that Nouriel Roubini, known as “Dr Doom,” would be a better fit to be featured in the documentary. The explanation behind this is that Roubini had significant archival interactions with prominent figures in the cryptocurrency space, including Roger Ver.However, Schiff responded by claiming that his criticism of Bitcoin comes from a different perspective to Roubini’s. While Roubini approaches the issue from an economic standpoint, Schiff emphasized his libertarian views and a deeper connection with high-profile Bitcoiners. He highlighted his past debates with figures such as Alex Mashinsky, the founder of Celsius, whose demise he predicted long before the company collapsed.Schiff also reminded the community that his warnings about the 2008 global financial crisis earned him the “Dr. Doom” moniker from CNBC, before it was later attributed to Roubini by the New York Times. Amid a spill to below $59,000 per BTC and liquidations of at least $180 million, the fear and greed indicator has experienced the strongest deterioration in favor of the latter in recent weeks. This article was originally published on U.Today More

The message and the image seem to be a reaction to the recent presentation of Tesla’s Robotaxi/Cybercab made by its CEO, Elon Musk, on Oct. 10. This event was called “We, Robot…” referring to a movie starring Will Smith based on Isaac Asimov’s sci-fi stories.It seems to be a bullish reaction to the recent event staged by Tesla (NASDAQ:TSLA) boss Elon Musk. Musk presented unsupervised self-driving Cybertrucks that are going to be used as taxis. Musk gave a speech, in which he criticized the modern transportation system, which seems inefficient because of high traffic and other issues.Robotaxis/Cybercabs do not have a steering wheel or pedals, and they do not require any control from passengers whatsoever. Earlier, Musk stated that users would be able to allow their Tesla cars to be used as taxis since, on average, a car is not used that frequently per week.Aside from Cybercabs, the guests of the event also witnessed the appearance of Tesla-made androids called Tesla Optimus (“autonomous assistant, humanoid friend”). One of them even worked as a bartender, making cocktails and dressed correspondingly, also wearing a fedora hat and letting clients take a selfie with it. The robot showed a peace sign with his fingers while photos were taken.This article was originally published on U.Today More

Looking at the chart, it can be seen that Bitcoin is still stuck in a downward channel and is unable to move out of it. Prices have been circling around $60,000, which indicates that bulls are being tentative and weak. The present price seems to be a critical support that may determine whether Bitcoin keeps falling or makes a brief reversal. A crucial mark for traders to keep an eye on is $60,000. The next significant support for Bitcoin is located around $58,000 if it is unable to hold above this level. Significant buy orders have been placed here, and a bounce might take place. But if Bitcoin is unable to hold $58,000, there may be more declines toward $56,000 or even lower. On the other hand, Bitcoin needs to recover at least $62,000-$63,000 and exit the downtrend channel in order for any bullish sentiment to surface again. This would be an indication that bulls are gathering steam and may once more target the $65,000 region.One way or another, it is almost safe to say that “Uptober” is canceled, as there is not much traction going on around the first cryptocurrency. The majority of traders are leaning toward selling and safeguarding their existing positions rather than accumulating.This article was originally published on U.Today More

Blocksquare today announced its latest partnership with FractioneX, a real estate tokenization platform with a mission to explore new ways of making homeownership more accessible for first-time buyers. This strategic collaboration will leverage Blocksquare’s robust tokenization infrastructure to enable FractioneX to offer fractional interests in real estate, particularly aimed at making property investments more flexible.FractioneX is introducing an innovative approach to real estate investment, with a focus on first-time buyers facing increasing affordability challenges. By tokenizing properties, FractioneX offers the opportunity for individuals to acquire fractional interests in real estate, which may lower the financial barrier to entry. FractioneX’s initial offerings include a selection of properties in the UK, such as a three-bedroom house in Wales and a two-bedroom flat in the Midlands. While these opportunities allow investors to diversify their portfolios, the model also provides access to a share of potential rental income and possible property value appreciation.In support of the launchpad campaign, FractioneX has announced a promotional airdrop of 1,000 BSPT property tokens, representing 1% of the initial property valuation, for early supporters of the marketplace pool. The airdrop is subject to terms and conditions, and eligible participants will receive tokens ahead of the first property listing as a reward for their early engagement. Full details of the airdrop and terms will be made available through the official campaign portal.In addition, FractioneX aims to expand into commercial real estate, offering fractional interests in office spaces and retail properties. This approach opens up more diverse real estate investment opportunities, making both residential and commercial properties more accessible to a broader range of participants.Campaign Details:About BlocksquareBlocksquare offers SaaS solutions for blockchain-based real estate tokenization. Headquartered in Ljubljana, Slovenia, Blocksquare’s platform aims to power a global network of marketplaces, connecting investors to real estate opportunities in their region. Through its real estate tokenization protocol, anyone can digitize real estate assets at a fraction of the cost, while providing the quickest way to launch an online marketplace. Blocksquare’s Oceanpoint adds a DeFi layer to its established tokenization infrastructure to create borderless access to real estate financing, for anyone with an internet connection. Website | X | Telegram | Blog | Facebook (NASDAQ:META) | Reddit | LinkedIn | Token overview | About FractioneXFractioneX utilizes property tokenisation and blockchain technology in order to create alternative saving solutions and buying options for first time buyers to own a home faster.ContactCMOJulia [email protected] article was originally published on Chainwire More

The world’s biggest cryptocurrency briefly broke below a key support level on Thursday but managed to recover above $60,000, albeit briefly. Broader crypto markets were also mostly subdued. Bitcoin rose 0.6% to $61,403.0 by 09:26 ET (13:26 GMT). The token was trading down 2.3% this week. The U.S. Securities and Exchange Commission on Thursday charged crypto market maker Cumberland DRW with acting as an unregistered dealer for over $2 billion in crypto assets since 2018. The move is the latest in the SEC’s long-running crackdown against what it perceives as multiple violations of securities law in the crypto industry. The agency is currently engaged in lawsuits against exchanges Kraken and Coinbase (NASDAQ:COIN) over allegations of breach of security law, on the grounds that crypto tokens fall under securities law. The case against Cumberland ramped up concerns over more regulatory action against the crypto industry. Recent speculation over a mass token sale by the U.S. government- of the nearly 64,000 Bitcoin confiscated from the Silk Road website- had also dented crypto prices.On the regulatory front, markets are now focused squarely on the 2024 presidential election, where pro-crypto, Republican candidate Donald Trump faces a tight race with Democratic nominee Kamala Harris. Harris is expected to likely continue the Biden administration’s crackdown against crypto. In other crypto developments, cryptocurrency exchange Bitnomial has filed a lawsuit against the SEC, accusing the agency of overstepping its authority by attempting to regulate a proposed XRP futures contract in conjunction with the Commodity Futures Trading Commission (CFTC).In a filing made on Thursday with the U.S. District Court for the Northern District of Illinois, Bitnomial argued that the CFTC should have sole jurisdiction over the futures, and the SEC’s involvement would significantly increase its regulatory burden. The exchange had self-certified the XRP futures on August 9, confirming that they did not breach CFTC regulations.”Bitnomial disagrees with the SEC’s view that XRP is an investment contract and, therefore, a security, and that XRP Futures are thus security futures,” the filing stated.This lawsuit mirrors a similar action filed by Crypto.com earlier in the week. In that case, the exchange responded to an SEC warning about a potential enforcement action, describing its lawsuit as “a warranted response to the SEC’s regulation by enforcement regime which has hurt more than 50 million American crypto holders.”Risk appetite was also dented by hotter-than-expected consumer price index inflation data released on Thursday, which furthered bets on a slower pace of interest rate cuts by the Federal Reserve.Relatively higher for longer interest rates bode poorly for speculative assets such as crypto.The dollar raced to two-month highs this week, further pressuring crypto valuations.Still, markets maintained bets that the Fed will still cut interest rates, at least by 25 basis points in November. Some soft readings on the labor market furthered this notion.Among broader crypto prices, most major altcoins tread water on Friday and were set for mild weekly losses. World no.2 crypto Ether steadied at $2,420.56. SOL, ADA, and MATIC climbed between 1% and 3%, while XRP fell marginally.Among meme tokens, DOGE added 1.5%.Ambar Warrick contributed to this report.  More