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In what is an important move for the cryptocurrency exchange, Kraken has announced it is launching its very own wrapped Bitcoin token, kBTC. Indeed, the debuting token is set to arrive on both Ethereum and the OP Mainnet, the exchange recently told CoinDesk. The move follows one taken by crypto exchange Coinbase earlier this year. They launched a similar offering that officially went live in early September. Moreover, these efforts seem to signal a growing demand for Bitcoin offerings, as the asset is looking to continue its 202 surge throughout October. Source: Forbes Also Read: SEC Lawsuit Against Kraken Crypto Exchange To Proceed to Trial Crypto Exchange Kraken Launching Wrapped Bitcoin Offering 2024 has been a massive year for Bitcoin already. In January, it became the first crypto-based ETF in the United States, catapulting to an all-time high of $73,000 just three months later. That is expected to continue with ‘Uptober’ upon us and the crypto market projecting yet another record

Bitcoin reached a seven-day peak of $64,300, a 2.5% increase after China announced new economic stimulus measures. This rise follows a decline below $60,000, influenced by market volatility and inflation concerns in the U.S., causing unease among investors. Crypto analysts view this as a pivotal moment, suggesting that several altcoins could experience gains of up to 10 times. As Bitcoin demonstrates signs of stabilization, tokens within specific blockchains have also witnessed rallies. This article curates the trending cryptocurrency tokens on Avalanche Chain today. Trending Cryptocurrency Tokens on Avalanche Chain Today SECOND is priced at $0.000692, resulting in a market capitalization of approximately $277,040. Meanwhile, ABAKS stands at $0.000000000024, with a market capitalization of around $8,690. The Volta token is currently priced at $31.63, with a market cap of $1.26 million.  Moreover, Pepe Unchained has recently garnered attention by achieving a significant milestone, s

The cryptocurrency industry has been mentioned multiple times in election campaigns this year. While both parties have been battling it out, former president Donald Trump seemed to have the upper hand with the cryptocurrency crowd. Trump seemed to have caught the Bitcoin bug a lot sooner than Kamala Harris. One of the prominent steps he took during this time was enabling cryptocurrency donations for his campaign. Also Read: Cryptocurrency Trader Turns $727 Into $2.44 Million In 5 Days The Impact Of Cryptocurrency Donations On Trump’s Campaign According to recent data, Donald Trump’s presidential campaign successfully raised a staggering $7.5 million in cryptocurrency donations. Major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), XRP, USDT, and USDC, were involved in the donations. It should be noted that this occurred in a brief time frame, from the beginning of July to the end of September 2024. Details from the FEC report revealed that these contributions came from a wid

The team behind the Solana (SOL) challenger Sui is pushing back against rumors that project insiders have sold off $400 million worth of SUI tokens. On Sunday, the pseudonymous crypto analyst known as Light claimed the layer-1 altcoin’s insiders were selling off the token, pointing to a graph charting major SUI ICO wallet distribution. “It does not bring comfort that the people building this ecosystem, the people who arguably know this token’s value best, are unloading hundreds of millions of dollars of token into less informed buyers chasing momentum. As some of us have learned, whether now or later, as with most of these games where retail buys from insiders, there is only one ending.” Source: Light/X However, the Sui Foundation says the sell-off came from an “infrastructure partner,” not an “insider.” “1. No insiders, neither employees of the Foundation or Mysten Labs (including Mysten Labs founders), nor ML investors, have sold $400M worth of tokens during

Payments firm Ripple is announcing exchange partners for the launch of RLUSD, the company’s new dollar-pegged stablecoin. According to a new press release, Ripple Labs is collaborating with crypto platforms Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA, and Bullish to launch Ripple USD. Beta testing for RLUSD rolled out on the Ethereum (ETH) mainnet and the XRP Ledger (XRPL) two months ago. Ripple first announced plans for RLUSD in April 2024. In a court filing in May, the U.S. Securities and Exchange Commission (SEC) argued that the planned stablecoin represented an “unregistered crypto asset.” The SEC’s assertions have yet to be confirmed or denied in court. According to Ripple, the new stablecoin is designed decentralized finance (DeFi) and traditional finance uses. According to the announcement, RLUSD is backed by cash deposits, US government bonds and cash equivalents subject to monthly third-party auditing. RLUSD will be issued under a N

No, Larry Fink didn’t say bitcoin will be as big as the housing market Crypto X (formerly Twitter) lit up last night following BlackRock CEO Laurence Fink’s prediction that bitcoin “will become as big as the US housing market.” The only problem is, he never actually said that. The confusion stemmed from a DLNews report that claimed Fink made the comment during a BlackRock earnings call last Friday. However, the outlet has since published a correction on the story and clarified that, “Fink was referring to BlackRock mortgage products he didn’t name.” Despite the misreport, Fink’s sentiment during the call was still bullish on bitcoin. He said that regardless of which presidential candidate is elected, “I do believe the utilization of digital assets are going to become more and more of a reality worldwide.” JUST IN : Bitcoin $BTC will become as big as the entire U.S. Housing Market says BlackRock $BLK CEO Larry Fink. For reference, Bitcoin's market size is currently $1.3 Tril

Following the release last week of an HBO documentary naming Peter Todd as Satoshi, renewed speculation around the whereabouts of the Bitcoin creator’s private keys has breathed new life into an old theory involving gambling magnate Calvin Ayre, ex-crime boss Paul LeRoux, and one of the Bitcoin community’s earliest participants, Craig Wright. The theory, which first did the rounds back in 2018, casts doubt on the conventional understanding of the relationship between Ayre — who has been trying to get his hands on Satoshi’s private keys for some time — and Wright, who is now best known for lying about being the pseudonymous Bitcoin mastermind. Most people assume that Wright simply fooled Ayre into believing he was Satoshi and the rightful owner of billions of dollars worth of bitcoin. Indeed, mainstream narratives cast Ayre as a sort of victim, duped out of business and legal expenses by a brilliant computer scientist dangling Satoshi’s pot of bitcoin riches at the end of their rain

James Howell has been trying to get his lost hard drive back for 10 years Howell mined 8,000 Bitcoin on his laptop after learning about Bitcoin in 2009 The council have denied Howell’s requests to dig due to “environmental concerns” A 39-year-old man is suing Newport City Council for $646 million (£495,314,800 million) in damages after losing his hard drive at a recycling center containing 8,000 Bitcoin. James Howell accidentally threw out his hard drive in 2013 during a household clearout. According to WalesOnline, Howell had two hard drives of the same size. One was blank, while the other contained his Bitcoin. He mistakenly put the one containing the Bitcoin into a black bin bag, which his then-girlfriend took to the tip. At the time of his loss, his Bitcoin was worth around $1.3 million (£1 million). However, within three months, their value had risen to around $11.7 million (£9 million). Howell has reached an agreement, leaving him with 30% of his Bit

A widely followed crypto analyst believes that one red-hot Solana (SOL) rival may soon print new all-time highs (ATHs). Crypto trader Michaël van de Poppe tells his 729,500 followers on the social media platform X that Sui (SUI) could soar more than 23% from its current value. “Sometimes you’ll need to remain patient. Shared this on SUI before, and marked that level [at $1.79]. Got there and has a strong bounce of close to 10%. I think we’ll continue towards the highs on SUI and potentially reach $2.25-$2.50.” Source: Michaël van de Poppe/X SUI is trading for $2.03 at time of writing, a gain of 134% since September 11th when it was trading at $0.867. SUI’s all-time high price of $2.17 was reached in March. Next up, the analyst says that Bitcoin (BTC) may be heading much higher after recovering from Thursday’s dip to the $58,000 level. “Bitcoin took the liquidity and bounced upwards. It’s trading above $60,000 and it’s very likely that the correction is over.

Neo Tokyo, a renowned play-to-earn gaming platform and the company behind the popular Neo Tokyo non-fungible token collection, has partnered with Unfungible, another non-fungible token project, and a web3 growth consultancy agency, to bolster blockchain-based gaming within its ecosystem. The joint team anticipates bringing masses into non-fungible token-based gaming. Neo Tokyo Integrates Unfungible NFT In an October 10 blog post, Neo Tokyo confirmed inking a strategic partnership with Unfungible to boost non-fungible token gaming within its ecosystem. Blockchain gaming has existed since 2017 and gained wider attention from the video game industry in 2021. Since then, NFT and Metaverse gaming has lost some footing among crypto players, with Neo Tokyo and Unfungible eying to reshape the future of Web3 gaming. We’re excited to announce our strategic partnership with Unfungible, a leading NFT and Web3 growth consulting agency that specializes in crafting organic community-building stra

Ethereum prices fell sharply as China’s government started a big sell-off. This move put $542,000 worth of Ethereum on exchanges, worrying investors and traders. Also Read: BlackRock Sees Potential For Crypto In Investment Portfolios Understanding the Ethereum Price Drop Amid Chinese Government Sell-Off Source: Crypto News The Sell-Off Unfolds Given the recent effort to re-obfuscate the ETH it is unlikely that the active distribution of the 15.7k ETH moved yesterday is the last of the 540k ETH supply distribution. — ∴FreeSamourai∴ (@ErgoBTC) October 9, 2024 On October 10, 2024, Ethereum’s price dropped 2% in value and sat at $2,394 in London. This happened because China’s government sold some Ethereum taken from the Plustoken scam. They moved 15.7k Ether to a new wallet and put 7k Ether on exchanges to sell. Market Impact and Investor Reactions $ETH hopium fractal… 2020 vs 2024 Let me be clear, you don't have a choice but to root for this fractal. Hopefully you understand what that

Mythos, a gaming-oriented blockchain company, is bringing unforeseen traffic to the Polkadot (DOT) network, with 3.6 million new accounts registered since Mythical Market was integrated with the DOT ecosystem, as of Wednesday, October 10. Mythical Games is now transferring its Blankos collection and DMarket assets to Polkadot, which will result in over 5 million wallets on the network. Mythical Games offerings on Polkadot Mythical Games, best known for titles like NFL Rivals , has adopted Polkadot as a parachain, leveraging its Ethereum Virtual Machine (EVM) module for address compatibility and utilizing the Substrate framework.  Picks for you Sui price prediction amid Grayscale and Circle announcements 14 hours ago Supra introduces S

After BRICS, a new alliance has kick-started the de-dollarization process and is using local currencies for trade and not the US dollar. The Commonwealth of Independent States (CIS), which consists of 12 countries, has settled 85% of cross-border transactions in national currencies. The CIS bloc, barely used the US dollar for trade settlements this year ushering into a new financial landscape. Also Read: BRICS Make De-Dollarization New Member Entry Rule The development is adding pressure on the US dollar as both BRICS and CIS are indulging in de-dollarization initiatives. The CIS consists of 12 countries including Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Ukraine, and Uzbekistan. Also Read: BRICS: 4 Reasons Ditching the Petrodollar Could Doom the US BRICS: CIS Alliance Consisting of 12 Countries Ditch the US Dollar, Use Local Currencies For 85% Transactions Source: Presidential Press Service BRICS member Russia convinced t

Celo (CELO) has recently seen a significant surge in trading volume, overtaking Fantom (FTM), following an endorsement from Ethereum co-founder Vitalik Buterin. This ratification has increased CELO’s visibility in the spotlight within the crypto community, triggering investor interest. At the same time, FXGuys ($FXG) , a web3 multi-asset platform, is making waves in its presale, attracting attention for its innovative approach to decentralized finance (DeFi) and multi-asset trading. Which of these players would be your ticket to making it big in the crypto world? Stick around to discover! CELO Soars 22.22% After Vitalik Buterin's Endorsement Vitalik Buterin, co-founder of Ethereum, on September 25, 2024, shared his thoughts on social media platform X, praising CELO’s impressive growth. He noted that the blockchain network has recently surpassed Fantom in terms of trading volume. In his post, he remarked that witnessing CELO gaining traction in this endeavor is encoura

The Pepe price plunged 10% in the last 24 hours to trade at $0.000009609 as of 5 a.m. EST on trading volume that surged 10% to $1.23 billion. Pepe Price Prediction Despite the recent price drop that Pepe experienced, some technical indicators suggest that the meme coin could soon see a recovery. Right now, it is difficult to say how big of a recovery it will be, as the wider market sentiment definitely has a say regarding the token’s performance, but PEPE could bounce back up to an extent. Its Bollinger bands have started widening again and the price has stepped away from the lower band, approaching the middle point between the two lines. This is already a positive turn of events, as the price previously pushed the lower band down. Now, if the bulls manage to take over the market, the price could go from the neutral area between the two bands to pushing the upper band, which would be the most bullish outcome. Then, there is the project’s Relative Strength Index (RSI) value