America’s largest home improvement store, Home Depot, Inc. (HD), has benefited from a long period of investor interest and traded at a premium valuation for several years. However, the recent environment of slowing consumer spending and higher interest rates has finally caught up with HD; the risks are to the downside, below $300. After rallying… […]

The stablecoin is designed to pay daily yields programmatically to token holders, backed one-to-one by U.S. dollars and high-quality liquid assets. “USDL is issued permissionlessly on Ethereum and pays yield programmatically on a daily basis to token holders, subject to the reserve assets fully backing the total value of USDL in circulation,” Paxos International stated…. […]

The post HyperCycle unveils HyperRing at Singapore’s SuperAI conference appeared on BitcoinEthereumNews.com. HyperCycle, a decentralized artificial intelligence (AI) initiative, has announced its new project, HyperRing, is arriving in Singapore, as per the most recent updates shared with Finbold on June 6.  HyperRing, a sophisticated wearable ring, is designed to help users secure the wealth they […]

The post Indian banks offer incentives to lift e-rupee use as wholesale CBDC usage plunges appeared on BitcoinEthereumNews.com. India’s central bank digital currency (CBDC), or the e-rupee, saw a significant drop in usage in the wholesale segment during the financial year that ended on March 31, 2024, over the corresponding previous year. However, the e-rupee […]

Ripple President Monica Long confirms the imminent launch of an XRP ETF, emphasizing XRP’s clear regulatory status and strong market position. Long projects significant market impact from both the ETF and Ripple’s new stablecoin project. Ripple President Monica Long has strongly endorsed the forthcoming launch of an XRP exchange-traded fund (ETF). In a recent update… […]

The post The Future of Frictionless Crypto Transactions appeared on BitcoinEthereumNews.com. Coinbase, a leading figure in the cryptocurrency market, has unveiled a new advancement in digital wallet technology—Smart Wallets. Aimed at redefining user experience, these wallets simplify the process of managing and using cryptocurrencies onchain. Coinbase’s launch of Smart Wallets marks a significant step toward […]

The post Memecoin That’s Exploded Over 1,000% in Four Months Set To Skyrocket by Over 3x, According to Crypto Analyst appeared on BitcoinEthereumNews.com. A closely followed crypto analyst believes that one red-hot Dogecoin (DOGE) rival is gearing up for more massive gains. Pseudonymous trader Kaleo tells his 641,600 followers on the social media platform X […]

Nigeria Government has reaffirmed its commitment to conducting lawful proceedings in the ongoing trial involving Binance, a prominent cryptocurrency platform, and one of its top executives, Tigran Gambaryan. Minister of Information and National Orientation, Mohammed Idris, underscored that the trial adheres strictly to Nigerian legal protocols. In a statement released by his media aide, Rabiu […]

Technical indicators act as navigational compasses for market explorers, unveiling the rhythmic ballet of supply and demand that shapes the worth of financial assets. Rooted in the principles of technical analysis, these indicators draw upon historical price data to predict the future trajectory of a financial instrument. By spotlighting patterns and trends, they provide traders […]

The post R. Kiyosaki predicts Bitcoin to hit $350k by this date appeared on BitcoinEthereumNews.com. As he continues to warn about a financial crisis in the United States and the world, popular investor and author Robert Kiyosaki has predicted that one of his favorite assets to help protect oneself against this economic demise – Bitcoin […]