Cryptocurrency

AnchorX, a Hong-Kong-Based fintech company and stablecoin expert, is proud to announce the signing of two Memorandums of Understanding (MOUs) in Kazakhstan. This comes during its recent participation in the Mainland-Hong Kong Joint Business Mission from May 16-25, 2024 visiting Hungary, Kazakhstan, and Xinjiang to explore partnership opportunities along the Belt and Road (B&R) routes. AnchorX was invited to join the mission to leverage its expertise in stablecoin solutions, thereby advancing technological innovation and the digital economy alongside B&R partners. AnchorX plans to utilize its stablecoin offerings, including the HKD-backed AxHKD, to facilitate cross-border trade and business activities between Hong Kong and B&R partner countries. The first MOU is with the Astana International Financial Centre Authority (AIFC Authority), the regulatory body responsible for developing the AIFC as the leading financial hub for Central Asia, the Caucasus, EAEU, and Western China. The second is with Aral Petroleum Capital, one of the leading oil and gas companies in Eastern Kazakhstan. Conflux Network provides AxHKD with its underlying technology and is currently working with the Chinese government on the “Ultra-Large Scale Blockchain Infrastructure Platform for the Belt and Road.” The goal of the platform is to create a cutting-edge blockchain foundation capable of facilitating deployment across multiple countries and enabling collaborative supervision across various domains. About AnchorXAnchorX is a Hong Kong-based fintech company, with a vision to be the most trusted provider of digital currency solutions in Asia. It has strategic backing from top-tier financial and blockchain companies, including Hony Capital and Conflux Network. AnchorX’s flagship stablecoin AxHKD maintains a 1:1 HKD peg and is designed to facilitate cross-border transactions and promote the integration of digital and traditional assets in Hong Kong.Users can learn more: https://www.anchorx.org/ or https://twitter.com/AnchorX_LtdAbout ConfluxConflux Network is a permissionless Layer 1 blockchain that connects decentralized economies across borders and protocols. It utilizes a hybrid PoW/PoS consensus mechanism to ensure a rapid, secure, and scalable blockchain environment. With Conflux, congestion is eliminated, fees remain low, and network security is enhanced.As the leading regulatory-compliant public blockchain in China, Conflux offers a distinct advantage for projects seeking to enter the Asian market. The platform collaborates with renowned global brands and government entities in the region, driving blockchain and metaverse initiatives. Notable partnerships include the city of Shanghai, China Telecom (NYSE:CHA), Little Red Book (China’s “Instagram”), McDonald’s (NYSE:MCD) China, and Oreo.Users can learn more: https://confluxnetwork.org/ContactMelissa Tireymelissa@shift6studios.comThis article was originally published on Chainwire More

BlocksScan is excited to announce the official launch of XDC Network Explorer Version 2, a comprehensive and incredibly user-friendly blockchain explorer crafted by BlocksScan. This tool is designed to empower users of all levels and make it a breeze to navigate the XDC Network.Mastering the XDC Blockchain with Enhanced FunctionalityXDC Explorer Version 2 builds upon the foundation of its predecessor, offering an enhanced suite of features to simplify blockchain exploration and analysis. This powerful tool serves as the gateway to the XDC Network and tokens built on XDC. Just like Etherscan is for Ethereum, BTCScan for Bitcoin, Solscan for Solona, BSCScan for BNB Smartchain, BlocksScan is an XDC Explorer and your gateway to the XDC Network.Explore the Enhanced Features XDC Network’s Block Explorer Version 2Gecko Terminal & CoinGecko Integration: Users can now access real-time token price feeds for tokens traded on platforms like XSwap, Globiance Dex, Fathom, and IcecreamSwap. This feature ensures informed decision-making when trading or analyzing tokens within the XDC Network.EtherScan Compatible API: The EtherScan compatible API simplifies the process for developers to integrate and interact with the XDC Network, providing a robust and reliable API for accessing blockchain data and executing various functions.Hardhat and Truffle Contract Verification Support: Developers can quickly verify and validate their contracts on the XDC Network using popular development frameworks like Hardhat and Truffle, ensuring secure and functional smart contracts.Upcoming Features:Comprehensive Search and Analytics: With robust search functionality, users can effortlessly track transactions, addresses, and tokens. The platform also features an advertisements section to keep users informed about relevant projects within the XDC ecosystem.AI Support Feature: The new AI Support feature, including CodeRun AI, Open AI, Devin AI, and Claude AI, assists users with their blockchain exploration, offering interactive modes and access to popular contracts and demo questions.Developer Tools:For more detailed information on explorer functionality, users can visit here.Empowering the XDC Network CommunityXDC Explorer Version 2 is a significant step in fostering a more accessible and user-friendly XDC Network ecosystem. This explorer, crafted based on community feedback and requirements, empowers users to explore, analyze, and interact confidently with the XDC blockchain, unlocking a world of possibilities for developers, investors, and blockchain enthusiasts alike. Members are an integral part of this ecosystem. XDC Explorer invites community members to explore the new version of XDC Network Blockchain Explorer and share their feedback on XDC Network’s tech forum XDC.Dev.About XDC NetworkXDC Network is an open-source, carbon-neutral, enterprise-grade, EVM-compatible, Layer 1 blockchain that has been operationally successful since 2019. The network obtains consensus via a specially delegated proof-of-stake (XDPoS) technique that allows for 2-second transaction times, near-zero gas expenses ($0.0001), over 2000 TPS, and interoperability with ISO 20022 financial messaging standards. The XDC Network powers a wide range of novel blockchain use cases, including Global Trade Finance, payment,Decentralized physical infrastructure network (DePIN) and Real World Asset (RWA) tokenization, that are secure, scalable, and highly efficient.Users can find more information by visiting XDC Network’s website XinFin.org, XDC.org and follow them on social media: Twitter || Telegram || LinkedIn || Reddit || Facebook (NASDAQ:META) || Forum About BlocksScanBlocksScan is a EVM Compatible Block Explorer and Analytics Platform for XDC Network. BlocksScan is a blockchain explorer platform dedicated to providing users with robust tools and insights to explore and interact with blockchain networks securely. It offers a user-friendly interface and an array of features that make blockchain data accessible and actionable for developers, enthusiasts, and businesses. For more details visit BlocksScan.ioContactSebastian Johnsocial@blocksscan.ioThis article was originally published on Chainwire More

This article was originally published on U.Today More

Exactly 14 years ago, Satoshi articulated a key aspect of Bitcoin’s nature that has since become a cornerstone of its identity and functionality.In a tweet, renowned Bitcoin historian @Pete_rizzo on X highlighted Satoshi’s historic statement about Bitcoin.In a statement that dates back to June 17, 2010, and would shape the future of digital currency, Satoshi Nakamoto declared, “The nature of Bitcoin is such that once version 0.1 was released, the core design was set in stone for the rest of its lifetime.”This statement underscored the immutability that would define Bitcoin, setting it apart from other digital and traditional currencies.Version 0.1 of Bitcoin was released in January 2009, marking the birth of the first decentralized cryptocurrency. This initial version laid the groundwork for the peer-to-peer electronic cash system that would revolutionize finance and technology.By stating that the core design was unchangeable, Satoshi ensured that Bitcoin would remain true to its original vision. Bitcoin was designed with a fixed maximum supply of 21 million coins, hard-coded into its protocol by Satoshi Nakamoto.The current Bitcoin Core is the continuation of the original client Satoshi worked on, now maintained and developed by a group of contributors from around the world.At the close of May, a new release candidate of Bitcoin Core, v27.1rc1, was made available for testing following the v27.0 major release.Bitcoin, the first and largest cryptocurrency, is currently worth $1.28 trillion by market capitalization, accounting for approximately half of the $2.4 trillion global market cap. Presently, around 19.71 million BTC are in circulation, accounting for 94% of the currency’s maximum supply of 21 million.This article was originally published on U.Today More

Thus, in a recent series of posts, Peter Schiff has questioned the stability of cryptocurrency and MicroStrategy, raising concerns about the potential for a crash. Despite the buying activity of 11 spot Bitcoin ETFs, Schiff pointed out that BTC has been trading sideways for over three months and is currently 11% below its March high. He questioned the market dynamics, asking who has been selling Bitcoin if ETF investors have been consistent buyers, and what might happen if these ETF buyers lose patience and start selling their holdings.Schiff then speculates that hedge funds may play a pivotal role in this scenario, suggesting that these funds may be buying Bitcoin or ETFs as part of a strategy to short MicroStrategy (MSTR), a company heavily invested in BTC under the leadership of CEO Michael Saylor.Schiff’s analysis implies a potential domino effect that could severely impact both Bitcoin and MicroStrategy. If the hedge funds decide to unwind their trades, they would have to sell their cryptocurrency holdings. This influx of selling could lead to a sharp decline in the price of Bitcoin. Such a crash would, in turn, put additional downward pressure on MicroStrategy.This article was originally published on U.Today More

This has coincided with the SHIB price going below the $0.00002 level today.Updated info from the tracker’s website has shown little progress, with the burn rate down 17% and a total of 210,439 SHIB transferred to unspendable wallets. There have been four burn transfers so far, with the largest ones worth 117,351 and 50,000 SHIB.The weekly burn outcome is much better, though, as almost 400,000,000 SHIB coins have been sent to dead addresses. This signifies a rise of 743.98% in this metric.Both price pullbacks were made following the world’s leading cryptocurrency, Bitcoin, as it lost 2.77% on Friday, dropping from $67,000 to $65,216, and then again today as BTC declined from $66,740 to the $65,590 price tag, losing 1.75%. At press time, Bitcoin is changing hands at $65,453.The report published by Santiment shows that there is a strong correlation between wallets with 10+ BTC holdings and the overall market value of Bitcoin. Shiba Inu, along with the rest of the market, tend to follow Bitcoin not only down but also up.This article was originally published on U.Today More

According to the most recent CoinShares report, digital asset investment products saw outflows of $600 million, the highest since March 22, 2024, owing to a more hawkish-than-expected FOMC meeting, which prompted investors to reduce their exposure to fixed supply assets. The outflows were entirely focused on Bitcoin, while a wide range of altcoins, including Cardano, saw inflows.Cardano, on the other hand, received $0.7 million in inflows. This picture contrasts with the muted activity experienced on the broader altcoin market in the week preceding the last, during which Cardano saw no inflows.Compared to Cardano’s inflows, Bitcoin saw significant withdrawals, totaling $621 million. The $621 million outflow from BTC could indicate a shift in investor sentiment and a potential reallocation of funds on the cryptocurrency market.As Cardano makes a comeback, attracting inflows, its price movement and market dynamics come into the spotlight. The Cardano community is excited about upcoming upgrades and enhancements to the Cardano network that could further boost its capabilities and appeal. Later on this year, Cardano will undergo one of its most historic upgrades, the Chang hard fork.At the time of writing, ADA was down 2.38% in the last 24 hours to $0.404 as the crypto market saw selling pressure. In the coming days, broader market trends and investor sentiment toward cryptocurrencies might also play a significant role in shaping Cardano’s price trajectory.This article was originally published on U.Today More

This preference is not surprising given the significant difference in value, with BTC currently priced at $65,800 and DOGE at $0.13.However, evaluating Dogecoin based only on price overlooks some of its unique advantages. While Bitcoin is widely recognized for its market dominance, utility and acceptance, DOGE has its own features that make it competitive in certain areas.Thus, Dogecoin transactions are typically faster and have lower fees compared to Bitcoin. This efficiency makes DOGE more suitable for everyday transactions and micropayments. In addition, Dogecoin benefits from a vibrant and welcoming community that has successfully used the cryptocurrency for charitable purposes and online tipping.DOGE’s inflationary supply model also sets it apart. Unlike the 21 million capped supply of BTC, Dogecoin produces five billion new coins each year. This continuous supply can encourage spending and circulation, making it a potentially more practical option for everyday use.In addition, Dogecoin’s brand recognition and cultural appeal contribute to its popularity. Originating from the meme, DOGE has gained widespread recognition and appeals to a broad audience, especially those who might find the financial seriousness of Bitcoin too daunting.This article was originally published on U.Today More