Author: V Sinclair
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Injective partners with Sonic to create an AI agents hub
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Injective and Sonic, a game platform using the Solana Virtual Machine (SVM), have teamed up to create the first cross-chain artificial intelligence (AI) agent platform. This new project will use Sonic’s HyperGrid technology to connect the Injective and Solana ecosystems, creating a Smart Agent Hub for developers. The Smart Agent Hub will use the Inter-Blockchain Communication…
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Stablecoins are used by Space X to reduce foreign exchange concerns.
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On December 20, in an all-in podcast, Chamath Palihapitiya, founder at Social Capital said that the Space Exploration Technologies Corp., also known as SpaceX uses stablecoins to dodge foreign exchange risks. Foreign exchange risk is the term given to the risk of losses that could appear from extreme volatility in a currency. Let’s say, if…
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Robinhood EU integrates Circle USDC stablecoin into its platform
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The chief executive officer of Circle, Jeremy Allaire confirmed the integration of USDC over Robinhood and mentioned that the platform will intensify the use of stablecoins in Europe. Robinhood Crypto EU is now offering Circle’s USDC stablecoin on its platform to its European customers. The decision comes with permitting the users to access a dollar-based digital…
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Arthur Hayes Boosts ENA Prices with Investments
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Arthur Hayes, the co-founder and former CEO of BitMEX, has made a notable impact on the cryptocurrency landscape by investing in the altcoin Ethena (ENA). How Did Hayes Recover from Losses? Despite liquidating his Aethir holdings at an approximate loss of $815,000 at the end of November, Hayes swiftly turned his fortunes around with his…
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Interest rates remain unchanged by the Bank of Japan, and the cryptocurrency market is now thriving.
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The Bank of Japan (BOJ) has decided to keep its interest rates unchanged, maintaining the short-term rate at 0.25%. This marks the third consecutive time the BOJ has opted to hold rates steady, following similar decisions in September and October. Following the announcement, the Japanese yen fell to 155, showing a clear shift towards Bitcoin…
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Flipster Achieves ISO/IEC Certification
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WARSAW, Poland, Dec. 19, 2024 /PRNewswire/ -Flipster, one of the fastest-growing cryptocurrency trading platforms, is proud to announce its recent achievement of the ISO/IEC 27001 certification, an internationally recognized standard for information security management. This milestone underscores Flipster’s dedication to safeguarding user data and ensuring a secure and trustworthy platform for its users. This certification…
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Ohio Pioneers Bitcoin Reserve Act to Safeguard Taxpayer Money During a Declining Dollar
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The Ohio Bitcoin Reserve Act was introduced on December 17 by Ohio State Representative Derek Merrin. According to the bill, the State Treasurer can invest in Bitcoin and create a reserve fund in order to safeguard public funds. Merrin used the U.S. dollar’s rapid depreciation to highlight the bill’s necessity. He so underlined the adaptability of…
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Cryptocurrency markets lost $140 billion when Bitcoin (BTC) fell $4K from its most recent peak (Market Watch).
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Following several consecutive days of seeing mostly gains and charting new peaks, bitcoin has finally retraced by dropping by over four grand over the past 12 hours or so. The altcoins have followed suit, with notable price drops evident from the likes of ETH, DOGE, ADA, TRX, AVAX, and more. BTC Falls by $4K The…
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Why Saylor believes Microsoft should invest in Bitcoin
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The chairman of MicroStrategy, Michael Saylor recently presented a 44-slide presentation of why to invest Bitcoin in front of the Microsoft board. He argued with the board that strategically investing in Bitcoin could help the company’s market capitalization and stock price reach new heights. As per Saylor’s beliefs, the investment of Microsoft in Bitcoin could…
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Justin Sun takes $209 million in cryptocurrency out of Lido Finance and makes $349 million.
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The founder of TRON, Justin Sun, has applied to withdraw 52,905 ETH, worth $209 million, from Lido Finance. This could affect Ethereum’s prices, says historical data. The withdrawal has been part of a larger Ethereum (ETH) accumulation strategy under which Sun allegedly purchased 392,474 ETH at an average price of $3,027, now showing an estimated…