November 11, 20240 Comments

Ethereum’s ENS Identity System Set to Launch Own Layer-2 Blockchain

ENS’ decision to go ahead with ENSv2 follows a series of other announcements of major crypto firms coming out with their own layer-2 projects. Recently, teams behind decentralized finance project Uniswap, crypto exchange Kraken and Sony’s Blockchain Labs unveiled plans to launch their own rollup networks. Instead of ZK rollups, however, those projects use layer-2 Optimism’s technology, known as the OP Stack, which allows developers to clone its code to

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November 11, 20240 Comments

Dogecoin (DOGE) Leads Meme Coin Rally With 92% Gains Overtaking XRP, USDC

If there’s one cryptocurrency that benefitted the most from Donald Trump’s victory last week, it’s the meme coin king Dogecoin (DOGE). With a staggering 92% gain on the weekly chart, DOGE overtakes XRP and USDC as the sixth-largest cryptocurrency with a market cap of $42.3 billion. Also, the daily trading volume has surged by 220% shooting all the way past $16.8 billion. Dogecoin Preparing for Mega Bull Run? Crypto market

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November 11, 20240 Comments

BTC Tops $81K, DOGE Touches $0.3

The crypto prices today have continued to pump considerably, sparking investor optimism across the globe. Bitcoin (BTC) price reached new levels, resting at the $81K mark. Whilst, Ethereum (ETH), Solana (SOL), and XRP prices gained 3%-11% intraday. Simultaneously, Dogecoin (DOGE) emerged as the day’s top gainer, leading the meme coin sector. Further, the global crypto market cap jumped 1.86% over the past day to $2.65 trillion. Moreover, the total market

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November 11, 20240 Comments

Asian stocks decline as China stimulus plan disappoints markets

HONG KONG (AP) — Asian stocks fell on Monday, led by a more than 2% drop in Hong Kong’s Hang Seng index, as China’s stimulus package disappointed investor expectations. China on Friday approved a 6 trillion yuan ($839 billion) plan during a national legislature meeting. The long-anticipated stimulus is designed to help local governments refinance their mountains of debt in the latest push to rev up growth in the world’s

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November 11, 20240 Comments

SIA shares fall 6% as profit nearly halves amid intensifying competition

An Airbus A350-941 from Singapore Airlines is preparing to take off on the runway at Barcelona-El Prat Airport in Barcelona, Spain, on May 1, 2024. Nurphoto | Nurphoto | Getty Images SINGAPORE — Shares of Singapore Airlines dropped after the city-state’s flag carrier reported a fall of almost 50% in net profit for its first half April to September period, citing lower yields and growing competition. As markets opened on Monday,

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November 11, 20240 Comments

Global public debt will hit $100 trillion by year-end, says IMF

A man walks past signage for the the 2024 IMF/World Bank Annual Meetings outside of the headquarters of the International Monetary Fund in Washington, DC on October 18, 2024.  Daniel Slim | AFP | Getty Images The International Monetary Fund warned Wednesday that the public debt situation worldwide could be more dire than most think, highlighting skyrocketing fiscal deficits in the U.S. and China. Global public debt will rise above

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November 11, 20240 Comments

Bitcoin Nears $82,000 as DOGE Jumps to Sixth Largest Token

Dogecoin (DOGE) and shiba inu (SHIB) led gains among majors with a price jump of as much as 30%, with DOGE flipping xrp (XRP) and stablecoin USDC late Sunday to become the sixth-largest token. DOGE has jumped on renewed endorsements by technology entrepreneur Elon Musk, pushing it 88% in the past 30 days. Source link

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November 11, 20240 Comments

Asia FX muted as China stimulus underwhelms, dollar steady with CPI in focus By Investing.com

Investing.com– Most Asian currencies moved in a small range on Monday (NASDAQ:) as traders took little cheer from more fiscal spending in China, while the dollar steadied ahead of key consumer inflation data this week. Regional currencies were nursing steep losses in recent sessions as the dollar firmed sharply on Donald Trump winning the 2024 presidential elections. While the greenback’s rally was stalled by an interest rate cut by the

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November 11, 20240 Comments

Bitcoin surges to record high on Trump bets By Reuters

SINGAPORE (Reuters) – soared to record high of over $81,000 on Monday (NASDAQ:) as Donald Trump’s victory in the U.S. presidential election along with pro-crypto candidates being voted to the Congress spurred expectations of a light-handed regulatory environment. Bitcoin, the world’s biggest and best-known cryptocurrency, has more than doubled from the year’s low of $38,505 it hit on Jan. 23. It was last at $80,829 in Asian hours having touched

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November 11, 20240 Comments

EOS Climbs 13% In Bullish Trade By Investing.com

Investing.com – EOS was trading at $0.5860 by 23:19 (04:19 GMT) on the Investing.com Index on Monday, up 13.18% on the day. It was the largest one-day percentage gain since November 10. The move upwards pushed EOS’s market cap up to $886.3705M, or 0.03% of the total cryptocurrency market cap. At its highest, EOS’s market cap was $17.5290B. EOS had traded in a range of $0.5809 to $0.5945 in the

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