The post China unlocks ¥500 billion to support stock market appeared on BitcoinEthereumNews.com. Key Takeaways China’s central bank has launched a ¥500B scheme to support the stock market. Financial institutions can use various assets as collateral under the new funding scheme. The People’s Bank of China (PBOC) has established a ¥500 billion ($70.6 billion) funding […]

The post US Consumer Price Index expected to soften further, closer to Federal Reserve’s inflation target appeared on BitcoinEthereumNews.com. The US Consumer Price Index is forecast to rise 2.3% YoY in September, at a softer pace than August’s 2.5% increase. Annual core CPI inflation is expected to hold steady at 3.2%. The inflation report could […]

The post USD/INR gains traction ahead of US CPI inflation data appeared on BitcoinEthereumNews.com. The Indian Rupee weakens in Thursday’s Asian session.  A muted sentiment in Indian markets and a firmer USD undermine the INR.  The US CPI inflation data will take center stage on Thursday.  The Indian Rupee (INR) trades on a weaker note […]

The post NEAR Protocol’s daily active addresses hit 3M – Bullish sign? appeared on BitcoinEthereumNews.com. NEAR saw 3M daily active addresses in Q3 2024. Addresses show interest in NEAR as AI tokens outperform the broader market.  Artificial Intelligence (AI) cryptocurrencies have witnessed significant growth, with most of them, such as Bittensor [TAO] outperforming the broader […]

The post Bitcoin ETFs Experience $30.56 Million Net Outflow Amid Mixed Inflows and Outflows appeared on BitcoinEthereumNews.com. On October 10, COINOTAG released an insightful report highlighting the recent trends in US spot Bitcoin ETFs. The data compiled by Trader T revealed a significant net outflow of approximately $30.56 million from these investment vehicles. Notably, the […]

The post NFT Market Down 92%, Analyst Thinks This Is The Best Time To Invest appeared on BitcoinEthereumNews.com. NFTs dominated headlines from late 2020 throughout 2021 before peaking in early 2022. By November 2020, the global NFT sales volume was around $8 million. NFT Market Down 92% From January 2022 Peaks: Best Time To Invest? […]

The post Argentina overtakes Brazil as the largest cryptocurrency user in Latin America, according to Chainalysis appeared on BitcoinEthereumNews.com. Argentina surpasses Brazil with a staggering $91.1 billion in cryptocurrency transactions between June 2023 and June 2024. Amid economic turmoil, 60% of Argentina’s cryptocurrency transactions involve stablecoins, offering a hedge against high inflation. Argentina has surpassed […]

The post Google and ENS Labs Partner to Enhance .eth Name Search and Wallet Balance Viewing appeared on BitcoinEthereumNews.com. Google has collaborated with ENS Labs to enable the Ethereum Name Service (ENS) domains to be directly into its search engine. This will make it easy for users to always search for any .eth domain name […]

The post NVIDIA Advances AI-RAN with Aerial RAN Computer-1 for Telecoms appeared on BitcoinEthereumNews.com. Zach Anderson Oct 10, 2024 02:20 NVIDIA introduces Aerial RAN Computer-1, a platform supporting AI and RAN workloads. This innovation aims to revolutionize telecom networks by integrating AI with enhanced performance and efficiency. The telecommunications industry is poised for a significant […]

The post Real-World Assets Drive Growth in DeFi Sector appeared on BitcoinEthereumNews.com. The Decentralized Finance (DeFi) landscape is experiencing significant growth as Real-World Assets (RWA) continue to integrate into its framework. Recent statistics reveal a notable increase in the total value locked (TVL) within RWA protocols, soaring from 1.77% in July to 3.69%. This surge […]