While investors closely watch market movements, we turned to artificial intelligence platforms like ChatGPT to try to understand the forecast for XRP (Ripple) in the month of October. 

In this article, we will explore the current market state of Ripple, the key price levels that XRP will face, and analyze the forecasts provided by ChatGPT on how much Ripple could be worth in the short term.

The current situation of XRP (Ripple) in the market and the forecast of ChatGPT

Starting from October 2024, XRP is in a delicate phase. After a series of price swings during the summer, Ripple’s token has seen a slow recovery that has led it to stabilize around $0.56. This value is important because it represents a consolidation phase after a period of volatility that affected the entire crypto sector.

The main factor affecting the price of XRP is the legal context surrounding Ripple. The legal issues with the Securities and Exchange Commission (SEC) in the United States have had a direct impact on the value of the token, and while some positive developments have occurred recently, many analysts remain cautious.

However, many traders and investors hope that the price can rise in October if Ripple manages to gain greater regulatory clarity and resolve the legal issues that plague the project.

To understand the future of XRP, it is essential to analyze the key price levels that could determine a bull or bear trend. Firstly, the resistance at $0.60 is proving to be a significant obstacle. 

This level has been tested multiple times in recent months, but XRP has not managed to break it convincingly. Surpassing this threshold could pave the way for a bull phase.

On the support side, the $0.50 level is seen as an important line of defense. If XRP were to fall below this figure, it could be a sign of broader market weakness. However, many technical analysts believe that if the criptovalute market as a whole showed signs of improvement, XRP could find the momentum needed to rise.

What does ChatGPT predict for XRP in October?

One of the most interesting questions is what an artificial intelligence model like ChatGPT could “predict” about the future of XRP. First of all, it is important to note that ChatGPT does not have direct access to real-time market data and is not designed to provide precise financial predictions. However, thanks to its natural language processing capabilities, it can analyze historical trends, interpret technical analysis, and consider the factors that influence the bull and bear cryptocurrency markets.

According to ChatGPT’s analyses based on historical patterns and past trends, XRP could have a positive month in October, but explosive movements in the short term are unlikely. A break above the resistance level at $0.60 is possible if there is favorable news on the legal front or if the crypto market in general were to enter a bull phase.

Furthermore, ChatGPT highlights that the cryptocurrency market tends to react quickly to news and developments, so any significant announcement from Ripple or regulatory authorities could greatly influence the price of XRP. 

However, without drastic changes in the legal or macroeconomic context, ChatGPT’s projections foresee a potential price range between $0.55 and $0.65 for the month of October.

The importance of the regulatory context

A crucial factor to consider is the evolution of Ripple’s legal situation with the SEC. This lawsuit, which has been ongoing for several years, has played a decisive role in holding back the growth of XRP’s price. 

Any resolution or regulatory clarification could act as a catalyst for a price increase. In fact, according to various industry experts, if Ripple were to win the case or reach a favorable settlement, the value of XRP could quickly surpass the $1.00 threshold.

However, ChatGPT emphasizes that even in a positive scenario, the crypto market is notoriously volatile, and traders should be ready to react quickly to price changes.

Conclusions

October 2024 could be a crucial month for XRP, with the token currently in a consolidation phase around $0.56 and a key resistance at $0.60 to overcome. 

The forecasts based on artificial intelligence models like ChatGPT suggest a potential for moderate growth, with the price possibly fluctuating between $0.55 and $0.65, unless there are significant developments on the regulatory front.

For investors and traders, the main advice is to maintain a cautious attitude, closely following the news concerning Ripple and the cryptocurrency market as a whole. 

If the token were to surpass the resistance at $0.60, it could open up a more pronounced growth phase, but the uncertainty of the legal context remains a key factor to monitor closely.

With such a dynamic crypto market, ChatGPT emphasizes that patience and a well-thought-out strategy will be essential to achieve profits in the long term.

True and real panic for the clients of Bank of America (BoA) who saw their balances at $0 or could no longer access their accounts. This situation was a consequence of a nationwide service interruption of the bank.

Bank of America: the panic of thousands of clients who could not access their accounts

Thousands of Bank of America customers have gone into panic, after seeing a balance of $0 in their account or, for some, being unable to even access it. 

The issue seems to have been a nationwide service interruption. According to what has emerged from Downdetector, a real-time network outage platform, it appears that in one hour the reports from BoA customers were over 18,000.

Having problems with Bank of America? Downdetector users have been reporting problems since 12:27PM EDT. https://t.co/GnJkbAdsV1

RT if you're also having problems #BankofAmericaOutage

— Downdetector (@downdetector) October 2, 2024

“Problems with Bank of America? Users on Downdetector report issues since 12:27PM EDT.” 

Almost all reports referred to their situation on online and mobile banking applications. Specifically, 51% of the reports refer to online banking, while 47% to mobile banking and 2% to the ATM service.

In any case, according to what reported by CNN, the BoA stated that the network outages have been “largely resolved”.

Bank of America: the interruption has not canceled the customers’ debts

While trying to understand if the situation of Bank of America is truly resolved for everyone, some clients had pointed out something bizarre. 

In fact, for users who were able to access their account, while they saw their balance at $0, their debts with the bank continued to be present and untouchable. 

My money is gone but conveniently my debt is still there.

Bank of America sucks pic.twitter.com/KUy8tSZkIp

— Anchor Baby (@rootin4laundry) October 2, 2024

“My money is gone but my debt is still there. Bank of America sucks”

In any case, on X, the users have indulged themselves both by expressing their discomfort and laughing about it, creating memes about the situation.

Everyone refreshing their Bank of America account to see if its still $0 pic.twitter.com/wUHR5Q1T7a

— Conald Peterson (@WhyGarth) October 2, 2024

Other users of the social network, then, have instead highlighted the discomfort of the Bank, emphasizing, instead, the qualities of Bitcoin.

From America to Russia: the Bank talks about the digital ruble

While the BoA is working to sort out the general situation with its clients, the Bank of Russia recently discussed the upcoming digital ruble.

In fact, according to what was reported, the Bank of Russia clarified some concerns about the effects of the new CBDC.

Among other things, the bank emphasized that the digital ruble will not lead to an increase in the amount of money in the country’s economy, and therefore will not exert inflationary pressures. 

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The crypto market is buzzing with speculations on which tokens can provide the most significant crypto gains for investors as 2024 draws near. Although larger crypto coins are constantly being discussed, the possibility for substantial returns usually resides in new initiatives with unique value propositions and potential for significant crypto gains.

Rollblock is a fast-rising cryptocurrency, a deflationary asset ready for exponential expansion. Rollblock is a hot issue among savvy crypto investors, as early investors have already profited from its generation of over $4,000,000. Entering the 7th phase of its presale and available for $0.03, read more on why Rollblock is the best cryptocurrency to invest in 2024

Why Rollblock Stands Out: The power of deflationary tokenomics

Rollblock’s deflationary tokenomics provide fresh air in a crypto environment with a constantly growing supply. Deflationary tokens are meant to gradually lower supply, increasing demand and pricing. This is very important for investors as a reduced token supply mixed with growing demand usually results in more value, unlike conventional currencies, which lose value to inflation.

Deflationary cryptocurrencies like Rollblock provide long-term development prospects. This concept of Rollblock not only generates shortage but also motivates saving. As the circulation reduces, the probability of a price rise increases with the time investors hang on to their tokens. 

Rollblock’s deflationary tokenomics has made it one of the top contenders for the best cryptocurrencies to invest in 2024 for anybody wishing to buy a token with a built-in growth mechanism for maximum crypto gain.

Riding the Crypto Wave: How might Rollblock create explosive gains in 2024?

Rollblock’s value goes beyond simple speculation. Driving demand will be crucial, and this usefulness is essential for guaranteeing the long-term viability of the token. The token becomes rare thanks to its burn mechanism. Hence, the deflationary effect will only become stronger, causing explosive price movement and increased crypto gain.

In addition, the market’s attitude toward deflationary tokens has never been more robust. Rollblock’s deflationary tokenomics stand out as a convincing option, as many investors are looking for substitutes for inflationary fiat money and tokens. Investors always seek projects with solid foundations and the possibility of exponential profits, so Rollblock exactly suits them.

Rollblock: A golden chance for investors

With its innovative profit-sharing approach and distributed platform, where users may earn passive income by owning $RBLK tokens, Rollblock is changing the GambleFi industry. Rollblock combines the benefits of centralized and distributed systems, offering a hybrid approach, unlike conventional exchanges that demand customers give ownership of their assets. 

This enables consumers to profit from institutional-grade liquidity, real-time transactions, and slippage-free trading without linking their wallets. Currently priced at $0.03 during its 7th presale stage, Rollblock is positioned for a 100x spike upon full launch. Hence, it’s a perfect opportunity for early investors looking to profit from a fast-expanding DeFi ecosystem.

Rollblock distinguishes itself mainly by its security and simplicity of usage. Users may trade without complicated wallet connections only by stating their receiving address from over 50,000 currency pairings. 

Rollblock also prioritizes users’ privacy and transparency so they may have complete control of their assets and gain from on-chain quick exchanges. Join the presale now to ensure your portion of the DeFi future is guaranteed!
Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino

*This article was paid for. Cryptonomist did not write the article or test the platform.

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The 2024 Q4 bull run is underway, and investors are getting ready to hunt down the best altcoins to buy with the potential to yield high returns. With the crypto market showing signs of recovery and growth, certain altcoins are positioned to outperform.

Of these altcoins, AVAX, ADA, and Rollblock take the lead as three promising projects backed by innovative developments and growing ecosystems.

Let’s see why you should position yourself before the altcoin bull run takes off. 

Avalanche looks promising amid token unlock

The consensus feeling seems to be that the upcoming AVAX unlocking in October could also potentially plunge the cryptocurrency’s price. The reason for this is because, until August 2024, around 9.5 million AVAX tokens were released every three months, while this number goes down to approximately 1.7 million until July 2030.

The AVAX token releases come in 2023 and 2024 and are currently staked, not coming onto the market until much later. As a result, market analysts anticipate a further increase in the coming days, with its price up by about 14.59% in the past week.

Cardano surges astronomically after an increase in whale activity 

Recently, ADA recorded an unprecedented uptick in Whale netflows at 32,348%. This is an indication of a 40.39% increase in the volume of transactions for the ADA. Analysts believe this indicates an extremely positive development for current ADA holders since Whale purchases mean very strong confidence in the project. This is probably why ADA is up 5.8% in the past week.

Coupled with that price momentum, ADA has also launched a Constitutional Committee Portal on its mainnet. This will further cement ADA’s commitment to DeFi governance and show why it is considered a serious competitor for the rest of the cryptos on the market.

Rollblock could lead the Q4 bull run

The GambleFi era, which combines blockchain technology with online gaming and gambling, is just starting, and it looks like Rollblock is leading it. First of all, this crypto casino is community-oriented: RBLK token holders get some portion of the platform’s profit each week. Moreover, they are entitled to stake RBLK tokens and get impressive rewards.

Another significant factor about Rollblock is the fact that it is transparent. While online casinos have many complaints regarding unlawful practices, Rollblock uses blockchain to avoid these. Be it any transaction, be it betting odds or any key data, everything will irrevocably be recorded on the blockchain. In fact, it makes them very reliable for gamers.

Due to these advantages, Rollblock is set to capture a share of the GambleFi market. If this happens, the value of the RBLK will multiply manifold. Even when it is in presale, the token has gained 200% and is currently priced at $0.03, with predictions of a further 880% increase before the presale is out.

Conclusion

While AVAX and ADA continue to maintain their status on the DeFi market, Rollblock will have a very good chance to dethrone them in the near future. No doubt, with such an amazing 1,000x presale and next-level features, it could be one of the best altcoins to buy in today’s market.

Discover the exciting opportunities of the Rollblock (RBLK) presale today!

Website: https://presale.rollblock.io/

Socials: https://linktr.ee/rollblockcasino

*This article was paid for. Cryptonomist did not write the article or test the platform.

In the last few days, the price of Ethereum has dropped to just over $2,300.

This is a decline that already started at the end of September and is continuing in these first days of October. 

The decline in the price of Ethereum (ETH): is there still room for a drop?

On September 27, the price of ETH was about $2,700.

Even then it was not a particularly high price, given that the all-time high is the nearly $4,900 of November 2021, and the 2024 high reached about $4,100 in March, but afterwards it fell further. 

Moreover, on August 24th, it even managed to get back to $2,800, so it has been appearing a bit under pressure for several weeks.

It should not be forgotten, however, that at the beginning of September it had dropped to below $2,200, only to recover apparently well in the second half of the month. Evidently, that recovery was not enough. 

Already on September 30, it had dropped to $2,600, and that decline that started then seems to actually still be ongoing. 

At this point, it is not unreasonable to imagine that it could continue further, especially since the September lows are not far away. 

The causes of the recent drop in the price of Ethereum (ETH)

Behind the decline of the last few days, there is certainly an increase in selling pressure. 

It is important to highlight how the current selling pressure is perfectly in line with that of the last month, and is still significantly lower than that of August. 

This leads to the belief that there are two trends in place, perhaps slightly different, one in the short term and one in the medium/long term. 

It should be noted that the price of Bitcoin is also down, and it is probably this that is negatively affecting the entire crypto market today. 

However, this only applies to the short-term trend, while the medium/short-term trend could also be influenced by another factor. 

The large sales

Although in the medium/short term, the selling pressure on ETH does not seem to be particularly increasing, for some time now there have been some specific sales that may have triggered some decline.

In particular, there is a whale that had purchased ETH during its ICO in 2014, which has been continuously selling Ethereum for two weeks.

This whale received as much as 150,000 ETH in 2014, and is now selling many in blocks of tens of thousands at a time. 

This #Ethereum ICO participant sold another 19,000 $ETH($47.54M) in the past 2 days!

The participant received 150K $ETH(ICO cost was $46.5K, now worth $358M) at #GENESIS.https://t.co/WbaTNzh5T4 pic.twitter.com/p82RcPRYMd

— Lookonchain (@lookonchain) October 3, 2024

For example, at the end of September, he sold 12,000, while in the last two days he sold another 19,000.

If such a whale sells such significant quantities of Ethereum (several tens of millions of dollars), it could mean that it fears a bull of its value. 

This is inevitably generating fear, and this increases the selling pressure. 

The competition

The strange thing is that theoretically in the second half of October a new bullrun could start. 

Therefore, it is possible to imagine that that whale is convinced of the opposite, and that it is liquidating enormous quantities of ETH at this moment, after a decade of pure holding, because it believes that its value could instead fall further, and perhaps by a lot. 

In theory, there could also be a logical explanation for this reasoning. 

In fact, until 2023 it was very difficult to imagine that there was any chain truly alternative to Ethereum capable of competing with it. 

Instead, lately, the possibility that there is some serious competitor is emerging more and more, primarily Solana. 

To tell the truth, in past years BSC (Binance Smart Chain) tried, but it was a flash in the pan, because the real competition lasted only a few months. 

As for Solana, there is a risk that it is not just a flash in the pan, also because this ecosystem has been growing a lot for many months now. 

Furthermore, there is also TON that is slowly emerging as a potential future competitor, so Ethereum might not remain the absolute leading chain, for example in DeFi for much longer.

The bull run 

If all this turns out to be true, even in the case of a bull run Ethereum might suffer a bit. 

For example, it is not impossible to imagine that the whale selling ETH might be buying SOL, or other alternative cryptos to Ethereum. 

Just consider that the price of SUI has increased by 10% in the last seven days, despite yesterday’s drop, and by 130% in the last month. 

So the key point might also be another, namely the fact that there are cryptos that could outperform Ethereum during a potential new bull run. 

In light of this, some ETH holders might decide to reposition themselves, perhaps even partially, into other crypto, to diversify and to try to seize better opportunities. 

Although it is by no means certain that this is actually happening, it is true that after a decade of absolute dominance in the field of decentralized finance, Ethereum is now beginning to face real potential competitors. 

In reality, Ethereum still dominates the DeFi unchallenged, but those who think in the long term may have already glimpsed the beginning of a new trend. After all, those who bought ETH in the ICO in 2014 and held it for 10 years are certainly primarily focused on long-term trends. 

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Litecoin (LTC) has long been a mainstay in the top cryptocurrencies by market cap, being seen as the “silver” to Bitcoin’s “gold.” But despite the uptick in broader market sentiment, LTC has very little to show in terms of gains last month. It seems Litecoin is falling out of favor for new projects.

One of those is Raboo ($RABT), which analysts are tipping as the hottest crypto investment opportunity in the final quarter of 2024. Raboo, which combines AI-generated memes and meme coin virality, is being tipped to outperform legacy tokens like Litecoin in the coming year. 

Litecoin fails to pump even as Bitcoin briefly recaptures $65,000

In comparison to altcoins and meme coins, Litecoin could only muster a modest gain of 6% in September. Litecoin has severely underperformed in the past month, even as Bitcoin itself hit the $65,000 mark. Virtually nothing has changed as far as the Litecoin price is concerned in the past year. Currently, Litecoin is trading at $63, or almost exactly where it was last year. LTC is hovering around the critical support of $67.66—with a potential dump incoming if the price remains below this key support level. 

This has been compounded by the fact that at press time, approximately only 25% of all LTC holders are sitting on a profit. This means the great majority of Litecoin holders are holding heavy bags after buying Litecoin at significantly higher prices—with any turnaround in price likely to be met with strong sell-side pressure. For that reason, a good number of LTC holders are diversifying their positions in the hottest crypto presale left on the board in 2024 with Raboo. 

Raboo makes waves as the hottest crypto investment opportunity in Q4 2024

It’s not surprising why Litecoin holders are lining up to join the hottest crypto presale opportunity left this year with the launch of Raboo. It’s a revolutionary meme coin that leverages the meme coin narrative and cross-pollinating it with the AI narrative. Raboo is leveraging SocialFi with AI-generated memes to create a self-sustaining ecosystem that rewards users for creating and sharing memes with its Rabooscan tool. 

Paired with a touch of SocialFi it rewards users for creating and sharing memes that bring attention to the project and further grow its footprint. Raboo is on the verge of a major breakout that could see it blow Litecoin out of the water as far as gains are concerned. 

Raboo has already turned in a 90% profit for early adopters thus far, putting every presale investor in a profit even before $RABT lists. Contrast that to Litecoin’s moribund percentage of holders in profit, and it’s easy to see why Raboo is being tipped as the hottest crypto presale for potential investors who wish to boost their portfolios by year-end. $RABT token prices have pumped from $0.003 to $0.0057 since, and its presale has raised upwards of $2.5 million at press time. 

Join the hottest crypto presale left in 2024 with Raboo

Raboo changes the meme coin game by creating a tool that capitalizes on the single determining factor that makes or breaks a meme coin’s success: attention. With Rabooscan, Raboo users can stay on top of the latest trending memes, and create their own to boost Raboo’s visibility. Don’t miss out on Raboo while presale prices are this low—they may never be this low again.

You can participate in the Raboo presale here.

Telegram: https://t.me/RabootokenPortal 

Twitter: https://twitter.com/Raboo_Official

*This article was paid for. Cryptonomist did not write the article or test the platform.

The Tron blockchain set a new record in the third quarter (Q3) of 2024, recording impressive revenues of 577.2 million dollars, according to the latest news.

This result positions Tron among the most performing blockchains of the period, even surpassing giants like Bitcoin and Ethereum in terms of quarterly revenue. 

The data, confirmed by Tronscan and shared by the founder of Tron, Justin Sun, in a post on X (formerly Twitter) on October 2, reveal that 74% of the revenue comes from staking, while 26% is related to burning operations.

Tron news: unprecedented growth in Q3 for its blockchain

Tron, a blockchain platform focused on smart contracts and decentralized applications (dApp), demonstrated exceptional revenue-generating capability and attracted investors in Q3. The significant growth recorded in the third quarter of 2024 was primarily driven by staking activity and the constant innovations introduced in the network.

The total revenue of 577.2 million dollars represents a significant milestone for Tron, especially at a time when many blockchains face scalability and regulatory challenges. This result highlights the operational efficiency and popularity of the platform among users and developers.

Factors that have contributed to the growth of Tron 

Various factors played a key role in the explosive growth of Tron during the third quarter of 2024. Among the main reasons:

1. High staking activity

74% of Tron’s total revenue comes from staking, a process in which users lock their TRX tokens to participate in transaction validation and network security. Staking has become a very attractive source of income for investors, thanks to the rewards offered by the Tron network, which are competitive compared to other blockchains.

The ability to offer consistent returns has encouraged many TRX holders to actively participate in staking, thus increasing the overall revenue of the platform.

2. Burning of TRX

Another factor that contributed to the revenue is the burning of the TRX token, responsible for 26% of the quarterly revenue. The burning process involves the destruction of a portion of the TRX tokens, reducing the total supply and, in theory, increasing the value of the remaining tokens. This mechanism has proven to be a powerful tool for Tron to maintain the token’s value and attract new investors.

The burning of tokens not only helps balance supply inflation, but also strengthens users’ trust in the economic system of the Tron network.

3. Expansion of the Tron ecosystem

During 2024, Tron has continued to expand its ecosystem of dApps and services. The platform supports a wide range of decentralized applications, ranging from DeFi (decentralized finance) to non-fungible tokens (NFTs) and blockchain games.

This diversification has helped attract new developers and users, creating a solid base of activity that has further increased the volume of transactions and the revenues generated by the network.

Blockchain news: Tron surpasses Bitcoin and Ethereum in Q3

Despite Bitcoin and Ethereum remaining undisputed leaders in the cryptocurrency sector in terms of market capitalization, Tron surprised many industry observers by surpassing both in terms of quarterly revenue in Q3 2024. The reasons behind this success are manifold:

Scalability: the Tron network is known for being highly scalable, with the ability to process thousands of transactions per second at very low costs. This makes it extremely competitive compared to Ethereum, which is still facing issues related to high fees and network congestion.

Efficiency of the consensus mechanism: Tron uses a consensus mechanism based on Delegated Proof of Stake (DPoS), which allows for efficient decentralized governance and reduces energy consumption compared to Bitcoin’s traditional Proof of Work.

Sustainability and user incentives: the incentive system on Tron, including staking, is one of the reasons why the platform has surpassed Ethereum in terms of revenue. The returns offered on Tron are among the most competitive in the industry, prompting many users to actively participate in the network.

Conclusion

The third quarter of 2024 was a crucial moment for the Tron blockchain, which recorded record revenues of 577.2 million dollars, surpassing Bitcoin and Ethereum. Thanks to high staking activity and the burning of TRX tokens, Tron has proven to be a highly competitive and rapidly growing blockchain platform. 

With a continuous expansion of the ecosystem and new innovations on the way, Tron seems destined to play an increasingly important role in the future of the bull blockchain sector.

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Crypto market is growing vastly with many new tokens emerging daily. Let us look into 4 best Ripple (XRP) alternatives that will help crypto investors turn a $10,000 portfolio into $1M by the end of 2025. 

Solana (SOL)

Solana (SOL) provides a smart contract program, SOL will utilize a proof-of-stake. Notably, Solana Mobile has launched its next Web3 mobile, the Seeker, and has been signaled to feature a 6.36″ display, with 128GB of storage and 8GB of RAM, “a longer battery” and two cameras. 

Shiba Inu (SHIB)

Shiba Inu aims to develop a huge ecosystem in the crypto industry. More so, its ecosystem includes ShibaSwap, a decentralized exchange, and plans for Shibarium. Shibarium is a layer-2 blockchain solution that focuses on DeFi applications. In addition, the project has enabled NFTs and staking options, looking to add real-world uses and attract many users.

Cardano (ADA)

Cardano is a blockchain-crypto project that has huge potential to reach 25X. Moreover, the Cardano team is working continuously on the project’s upgrade. Many developers and DApps are migrating now to Cardano. This indicates the price of ADA will rise.

Rexas Finance (RXS)

Rexas Finance is the user’s gateway to the future of asset management. Rexas Finance enables users to own or tokenize digitally any real-world asset, from real estate to commodities, on a worldwide scale. With Rexas Finance, users can gain a market with endless asset investment opportunities.

Rexas Token Builder: It is normally used to tokenize their real-world assets and commodities. To make it easy for individuals to get digital ownership and offer access to the global market.

Rexas Launchpad: This feature helps the asset owners raise funds for their tokenized assets, offering liquidity and new investment options for the crypto users.

Rexas Estate: The project’s one of the most exciting features is Rexas Estate which enables crypto users to co-own the real-world assets and earn passive income in stablecoins.

Rexas GenAI & DeFi: It is mainly utilized by artists who can use Rexas GenAI to develop and tokenize digital artworks, while Rexas DeFi allows users to swap digital assets across multiple networks with ease.

Rexas Treasury: A multi-chain yield optimizer that enables users to earn compound interest on their crypto deposits, which adds one more layer of financial utility to the project.

Rexas Finance began the presale of the native token RXS on September 8, 2024. The total supply of RXS tokens is 1 billion. Rexas project has raised over $1,600K until now, with 50% of the third stage of presale over. This event is important for the platform as it allows early investors to engage in what might turn into a revolutionary solution for RWA tokenization. Rexas Finance’s $1M Giveaway is live, offering a huge chance for early adopters to join the project’s growth. With a current token price of $0.05 and a projected listing price of $0.20, the potential for a 400% increase indicates a good opportunity for investors. 

About Rexas Finance (RXS)

Rexas Finance is the user’s gateway to the future of asset management. Rexas allows users to own or tokenize virtually any real-world asset, from real estate and art to commodities and intellectual property worldwide. With Rexas, users gain access to a world where asset liquidity and investment choices are boundless.

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Win $1 Million Giveaway: https://bit.ly/Rexas1M

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

*This article was paid for. Cryptonomist did not write the article or test the platform.

The native token FTM of the layer-1 network Fantom has recorded an impressive performance in recent weeks: on October 2, 2024, the price of the crypto rose by 5% in seven days, reaching $0.6850. 

This rise is part of a broader movement that began on September 6, which has seen the price of Fantom increase by over 71% in the last 30 days. This development has attracted the attention of investors and enthusiasts in the cryptocurrency sector, consolidating FTM as one of the most followed assets in the layer-1 blockchain landscape.

What is Fantom (FTM)? What has driven the price increase of the crypto?

Fantom is a layer-1 smart contract platform designed to provide a highly scalable, secure, and efficient infrastructure for decentralized applications (dApp). 

Launched in 2018, the network stands out for the use of a unique consensus algorithm called Lachesis, based on a Directed Acyclic Graph (DAG) model. This approach allows Fantom to achieve high transaction speed and near-instant finality, making it an attractive option for developers and companies seeking high-performance blockchain solutions.

FTM is the native token of Fantom and is used to power transactions, pay fees on the network, participate in protocol governance, and secure the blockchain through staking.

Thanks to its versatility, FTM has seen a significant increase in interest and demand over time, leading to strong price movements, such as the one observed recently.

The recent increase in the price of FTM can be attributed to several fundamental and technical factors. Below are some of the main drivers that have fueled the growth of the token. 

The factors related to the increase in the price of the crypto Fantom (FTM)

1. Renewed confidence in the bull market of cryptocurrencies

The cryptocurrency market, after a period of uncertainty, began to show signs of recovery starting from September 2024. Bitcoin (BTC) and other high-profile cryptocurrencies recorded significant gains, strengthening the positive sentiment of investors. This improvement in the overall climate likely contributed to the increase in the price of FTM, which benefited from the renewed confidence in the sector.

2. Technological innovations and updates of the Fantom network

Another key factor that has supported the growth of FTM has been the continuous development of the Fantom network. The platform’s developers have implemented significant updates aimed at further improving the scalability, security, and compatibility of the network with other blockchains. 

In particular, the integration of tools that facilitate interoperability with Ethereum and other networks has made Fantom a more attractive platform for dApp developers and for those who wish to migrate from other blockchains.

3. Rise of DeFi and projects on Fantom

In recent months, Fantom has seen a significant increase in decentralized applications (dApp) and DeFi projects launched on its network. DeFi (decentralized finance) represents one of the main uses of blockchain, and the growth of this ecosystem on Fantom has contributed to increasing the demand for FTM. 

Some of the most important DeFi protocols on Fantom, such as SpookySwap and Geist Finance, have attracted a growing number of users and liquidity, leading to an increase in network activity and, consequently, in the demand for FTM.

4. Improvement of the technical sentiment

From a technical standpoint, FTM has benefited from a strong rebound after hitting multi-month lows at the beginning of September. Technical analysts have highlighted that the price of FTM had reached an oversold level, creating the conditions for a natural rebound. 

FTM Price Forecast: What to Expect in the Future?

With the price of FTM having seen an increase of 71% in the last 30 days, many investors are wondering if this trend can continue. Although it is difficult to accurately predict the future performance of such a volatile asset as FTM, there are some signals indicating a potential further bull, at least in the short term.

1. Continuous development and growing adoption

One of the key factors that could further support the price of FTM is the continuous development of the network and the growing adoption of dApps and DeFi projects on Fantom. If the platform manages to maintain its innovative momentum and expand its ecosystem, the demand for FTM could continue to increase, supporting the price.

2. Favorable macroeconomic conditions

The global macroeconomic conditions, including a potential reduction in interest rates by central banks and an improvement in the general sentiment towards cryptocurrencies, could offer a favorable context for the crypto market as a whole. If the general cryptocurrency market continues to regain ground, FTM could benefit further from it.

3. Risks and uncertainties

Despite the positive aspects, it is important to recognize that the cryptocurrency market is highly volatile and subject to rapid changes. Future regulations, investor sentiment, and potential technological risks all represent elements of uncertainty for FTM and the entire crypto ecosystem.

“`html Conclusions “`

Fantom (FTM) has demonstrated impressive growth, with the price rising by 5% in a week and 71% in the last 30 days. This bull run has been supported by technical factors, an improvement in the overall crypto market conditions, and the growing adoption of the Fantom network. 

While the signals for the future of FTM are promising, investors should also consider the risks associated with a constantly evolving and highly volatile market.

In August, the lawsuit between the SEC and Ripple came to an end. 

Although the company was fined 125 million dollars, many have interpreted that ruling as a de facto victory for Ripple against the SEC.

Now, instead, it turns out that the SEC yesterday filed an appeal against that ruling.

#XRPCommunity #SECGov v. #Ripple #XRP BREAKING: The @SECGov has filed a Notice of Appeal of Judge Torres’s Ruling. pic.twitter.com/j8bLIZQ5LT

— James K. Filan (@FilanLaw) October 2, 2024

SEC vs. Ripple: the endless lawsuit

The main reason why the SEC filed a lawsuit against Ripple four years ago is that the agency overseeing the U.S. securities market claims that Ripple initially sold XRP as an unregistered security, and this is illegal in the USA. 

In fact, the United States law, like those of many other countries, stipulates that it is possible to offer security to the public only after registration and approval with the appropriate agencies. 

In the USA, it is the SEC (Securities and Exchange Commission) the agency where it is necessary to register the security before offering them to the public, and Ripple has never requested the registration. 

In a previous case, a judge had already ruled that XRP, when traded on the secondary market (the exchanges), could not in any way be considered an investment contract (i.e., a security), and the SEC then decided not to appeal against that ruling. 

Instead, in the case in question, the issue concerns the sale of XRP on the primary market, that is, from its creator (the company Ripple) to the initial investors. 

In August, to tell the truth, Ripple had not been completely cleared of the accusations, but it had managed to reach an agreement with the judge and the SEC to get away with a fine.

The appeal of the SEC

However, the agency at a later time evidently decided not to settle for that agreement. 

And so yesterday he filed an appeal against that sentence. 

In the document presented yesterday to the Court of Appeals for the Second Circuit, it is stated only that the Securities and Exchange Commission respectfully appeals against the final judgment issued on August 7, 2024. 

Subsequently, a spokesperson for the SEC merely stated that the agency believes that the district court’s decision in the Ripple matter is in conflict with the securities law, and with decades of Supreme Court precedents. 

So it actually argues that the court made a mistake in applying the law, and that this would be demonstrated by many similar precedents from past decades. 

Note that the SEC had requested the judge to impose a penalty of 2 billion dollars on Ripple, while thanks to the agreement with the judge, the penalty imposed was 125 million. 

It almost seems that the SEC wants nothing more than to start the process from scratch because fundamentally it does not appreciate the judge’s ruling. 

It should still be remembered that the USA is in the midst of an election campaign for the presidential elections on November 5th, and that the president of the SEC Gary Gensler could play a key role at a propaganda level to seek the consensus of the detractors of cryptocurrencies. 

Ripple’s response to the SEC’s appeal

The first instance judgment of August, until proven otherwise, is final. 

It was the SEC’s right to appeal in court, and unlike last year in the case against XRP, this time it decided to appeal. 

However, it is difficult to imagine that in the absence of significant developments, the outcome of the process could be substantially different from the current one. 

The CEO of Ripple, Brad Garlinghouse, yesterday posted on X his response to the SEC’s decision to appeal. 

If Gensler and the SEC were rational, they would have moved on from this case long ago. It certainly hasn’t protected investors and instead has damaged the credibility and reputation of the SEC.

Somehow, they still haven't gotten the message: they lost on everything that… https://t.co/1hW7xVSL9b

— Brad Garlinghouse (@bgarlinghouse) October 2, 2024

He says that if Gensler and the SEC were rational, they would have already dropped this case a long time ago, and he states that their attitude has not protected investors and has damaged the credibility and reputation of the agency itself.

According to Garlinghouse the SEC simply does not want to admit that it has lost on everything that matters, in the case against Ripple, and that the bull industry and the state of law have actually already prevailed.

Furthermore, it reiterates that the status of XRP as a non-security in the secondary market will not change. 

According to Ripple’s Chief Legal Officer, Stuart Alderoty, the SEC’s decision to file an appeal is indeed disappointing, but not surprising. 

Adds: 

“This does nothing but prolong what is already a total embarrassment for the agency”.

In fact, it highlights that the same Second Circuit Court has already rejected the SEC’s hypothesis that Ripple acted recklessly. According to Alderoty, Gensler’s SEC is not merely faithfully enforcing the law, but is engaging in a true war against the crypto sector with lawsuits in court. 

Conclude by writing: 

“Coincidence that the executive director of the SEC announced his resignation about an hour earlier?”

Automobili Lamborghini and Animoca Brands announce Fast ForWorld, the new metaverse where fans can play and interact with the iconic vehicles. To access the new platform, enthusiasts will need to secure the first digital super sports car, a Lamborghini Revuelto.

Lamborghini and Animoca Brands race in the Fast ForWorld metaverse

Lamborghini and Animoca Brands have announced the new metaverse platform Fast ForWorld, created together with Motoverse and Gravitaslabs.

Fast ForWorld is here!
In partnership with @AnimocaBrands, @TheMotorverse, & @Gravitas_Labs, we're pushing the boundaries of digital engagement.
Don't miss the details for the interoperable Lamborghini Revuelto and Genesis Capsule launch on TheMotorverse – the journey starts now!

— Lamborghini (@Lamborghini) October 2, 2024

“Fast ForWorld is here! In collaboration with @AnimocaBrands, @TheMotorverse, & @Gravitas_Labs. We are pushing the boundaries of digital engagement. Don’t miss the details of the launch of the Lamborghini Revuelto and the interoperable Genesis Capsule on TheMotorverse: the journey starts now!”

With Fast ForWorld, fans, players, and owners will finally experience, play, interact, and collect digital collectibles, being rewarded for their commitment

This partnership marks the first interoperable implementation of Automobili Lamborghini based on blockchain of its iconic vehicles in games.

Specifically, Fast ForWorld was designed, developed, and distributed by Gravitaslabs, and it is intended to become Lamborghini’s hub for digital engagement and Web3 initiatives. 

Lamborghini and Animoca Brands and the iconic cars in the metaverse available from November 2024

The new Fast ForWorld platform will also collaborate with Motorverse, the ecosystem of digital vehicles, racing games, and motor culture created by Animoca Brands. 

The idea is to offer an experience in which players will soon be able to buy, sell, own, and drive the iconic Lamborghini supercars in a series of games in the Motorverse. 

Such cars will be introduced as interoperable digital assets, accessible on multiple gaming platforms starting from the launch, including Torque Drift 2, REVV Racing, Motorverse Hub, and the proprietary experience of Fast ForWorld.

In any case, the first version of Fast ForWorld will go live on November 7, 2024. On the platform, there will be a 3D wallet to store users’ digital items and interoperable features. This way, users will be able to interact and play with their cars.

The first access to Fast ForWorld requires enthusiasts to secure the first digital super sports car, a Lamborghini Revuelto.

The car acts as an access key to an interoperable ecosystem and is paired with the Genesis Capsule of Fast ForWorld, which unlocks exclusive benefits both within the platform and beyond. The interoperable Lamborghini Revuelto and its connected Genesis Capsules will be available globally in November 2024.

The achievement of automotive excellence with cutting-edge technologies

It was August 2024, when Animoca Brands was excited to announce its new partnership with Lamborghini.

The idea was to succeed together in shaping the future of brand engagement in the automotive sector, involving the famous Italian luxury car brand. 

Specifically, the shared goal of Animoca Brands and Lamborghini was precisely to create an experience that marked automotive excellence with cutting-edge technology. 

To succeed in this mission, two other exclusive partners have been chosen: the creative design studio Gravitaslabs and the technology company Motorverse. 

SPONSORED POST*

Crypto staking has emerged as one of the most sought-after and reliable means of earning passives in today’s fast-evolving world of digital currency. Staking platforms like CryptoBox are offering AI-driven staking opportunities and lucrative rewards to new and seasoned investors alike. Whether you’re seeking to maximize your returns, manage risks effectively, or simply want to make your money work for you, cryptocurrency staking can provide the ideal solution.

In this guide, we will discuss 8 ways one can generate passive income through staking in cryptocurrency, and also discuss how CryptoBox can support your path to financial growth.

Key Takeaways:

CryptoBox offers AI-driven, risk-free staking opportunities.

Signing up rewards you with a free $100 staking bonus.

You get daily rewards, referral commissions, and many other perks on CryptoBox.

Stakers’ security is ensured through 2FA and encryption, plus 24/7 customer support.

1. AI Enhanced Liquidity Staking

With improvements in AI technology, liquidity staking is now more effective than ever. CryptoBox uses the latest AI algorithms to execute staking strategies with maximum return automatically. By analyzing real-time market data, the platform automatically readjusts your staking activities to optimize profit presentation and risk management.

CryptoBox guarantees that your crypto assets work for you around the clock, always for the best returns in any market conditions.

2. Diversified Staking Contracts

The other major benefit of staking with CryptoBox is the variety of staking contracts available. Whether you stake $100 or venture into more significant commitments, such as $300,000, CryptoBox has customized plans tailored to your financial goals. You will be able to diversify your staking portfolio by staking either Bitcoin, Ethereum, Cardano, Solana, or BNB for higher rewards with less risk exposure.

3. Referral Commissions

Passive income isn’t just about staking. One of the best things that CryptoBox provides is the referral program, whereby users can earn commissions for recommending the platform to other people. For every friend or family member you invite and then creates an account and makes a purchase, you will be able to earn up to 4% in commission. It’s an easy process and requires absolutely no effort as a means of supplementing your earnings. What’s more? there is no limit on the number of people you can invite, meaning that there’s virtually no limit to your earning potential.

4. Sign-up Bonus

New users on CryptoBox are immediately rewarded with a free $100 staking bonus, making it an easy and risk-free way to start generating income. This bonus can be used in any of the staking contracts, allowing you to experience the platform’s features before committing more funds.

5. Daily Rewards on Staked Assets

The best thing about CryptoBox is that it pays rewards daily. You can invest in one of the available staking plans, and get rewarded automatically every day. Whether it is staking $1,500 in Filecoin to earn $15.9 in daily reward or $100,000 in Solana at a daily reward of 2,400 dollars, you get to enjoy consistent and predictable returns.

6. Bounty Programs for Extra Income

Apart from staking and referring, CryptoBox allows joining the company’s Million Bounty Program. Sharing on social media platforms like Facebook, YouTube, and Reddit, users can earn up to $100 per task along with CryptoBox. Be it sharing the posts, creating videos for them, or managing a group will add to your income and exposure in the crypto world.

7. Security of Funds

Security comes first in the world of cryptocurrency and it is taken very seriously by CryptoBox which features two-factor authentication, robust encryption, and asset monitoring. All funds are protected by advanced security audits and McAfee-approved software, ensuring that your investments are safe while generating returns.

8. Automated Staking Strategies

CryptoBox’s AI-driven automation brings out the best in staking contracts while minimizing the need to manually monitor staking contracts around the clock. Once you have identified a suitable staking plan, intelligent systems on the platform take over every task, from real-time market analysis to adjusting your staking positions. This feature makes CryptoBox perfect for those who are at a beginner or advanced level but would like a hands-off approach to earning.

How to Get Started on CryptoBox:

Join CryptoBox: Sign up using your email, username, and password, and apply a referral code if available.

Choose Your Plan: Check through a wide variety of staking contracts that match your investment objectives.

Start Earning: Start earning daily rewards as soon as you stake your digital assets. You can withdraw your earnings whenever you need them.

ConclusionCryptoBox makes it easy for anyone to join the world of crypto staking and start generating passive income. With its free $100 bonus, AI-powered insights, and secure platform, CryptoBox is a top choice for investors looking to maximize their earnings in 2024. Take advantage of the free $100 bonus on CryptoBox and let your income soar high above the rest.

*This article was paid for. Cryptonomist did not write the article or test the platform.

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As Ethereum’s price and DeFi activity soar, investors seek out undervalued opportunities. Cutoshi, a promising new meme coin on the Ethereum blockchain, has emerged as a potential hidden gem.

Ethereum’s Rise Fuels Hunt for Hidden Gems

According to Cointelegraph’s report, Ethereum network activity and transaction fees have surged recently. The report revealed that the increase is primarily due to a rise in on-chain activity, including trading volumes, lending, and ETH transfers. 

Also, ETH’s price has shown positive momentum, breaking above its RSI downtrend line. However, it remains below key EMAs, indicating potential resistance. It gets more interesting –  Ethereum investment products, including spot Ethereum ETFs, have seen inflows for the first time in five weeks.

Amidst all these, investors are scrambling to find the next prominent cryptocurrency that could offer substantial returns. Thankfully, Cutoshi, a promising new meme coin on the Ethereum blockchain, has emerged as a potential hidden gem.

Why Cutoshi?

Cutoshi (CUTO) is currently in its first presale phase, offering investors a unique opportunity to acquire tokens at a discounted price. This early-stage investment could yield significant returns as the coin gains traction and its price appreciates.

Moreover, Cutoshi is built on the robust Ethereum blockchain, and as such, it will benefit from the network’s security, scalability, and growing ecosystem. Ethereum’s dominance among smart contract platforms positions Cutoshi for long-term success.

Plus, the meme coin trend has proven lucrative. Projects like Dogecoin, Shiba Inu, Dogwifhat, and PEPE have generated massive returns for early buyers. Cutoshi is a meme coin, so it has the potential for community-driven growth.

Industry analysts and crypto experts are bullish on Cutoshi. Many predict significant gains for the coin, with some even forecasting a 100x return by the end of the year. Cutoshi’s unique meme appeal and utility combination could make it a standout performer.

$CUTO is the heart of Cutoshi. This token powers transactions and rewards users in the Cutoshi ecosystem. CUTO holders will enjoy discounts, participate in community events, and benefit from its deflationary nature.

Additionally, ERC-20 tokens are easily integrated with other blockchain networks. This interoperability feature allows them to be traded on various platforms and used in cross-chain applications. Cutoshi, as an ERC-20 token, can benefit from this interoperability.

Interested people can buy the CUTO token at its ground price of $0.015 in the ongoing presale. Following experts’ predictions, investors who buy the token could see 100x growth by the end of the year.

For more information on the Cutoshi (CUTO) Presale:

https://cutoshi.com

Join and become a community member: 

Tweets by CutoshiToken

https://t.me/cutoshi

*This article was paid for. Cryptonomist did not write the article or test the platform.

SPONSORED POST*

Over 1 billion people use the popular digital messaging service, Telegram, and they are about to discover the very first Telegram ICO: Dogizen (DOGIZ).

The buzz is becoming rampant among some of the community’s most well-known commentators. And 1 million active users have already gotten involved, demonstrating the speed of Dogizen’s growth, the strength of its community, and its universal appeal among Telegrammers and beyond.

Come Friday, buoyed by the huge momentum in the GameFi sector, Dogizen isn’t just poised to make a splash in the market—it could offer an unequivocal tsunami of buying pressure, at least if current market trends are anything to go by. 

Dogizen: A world-first ICO in a promising market

Unlike its Telegram gaming peers, Dogizen’s native token, DOGIZ, is purchasable directly through Telegram, further demolishing the barriers of entry to crypto newcomers. And with 2 billion people already playing mobile games, the scale of this opportunity is extraordinary. For years the crypto community has been demanding that crypto UX and investing in crypto become easier; with Dogizen’s presale, that demand is met perfectly.

Perhaps most crucially of all, Dogizen is no one-trick puppy. Unlike its more linear peers, Dogizen delivers multiple angles of attack to capture market share and fight for mass adoption. The Dogizen Universe will be the all-in-one hub for mobile gamers to delve into Web3.

The Dogizen Universe

Dogizen is already a highly popular and engaging tap-to-earn game. But rather than exclusively depend on this, the Dogizen Universe will provide an expansive habitat for developers, gamers, and crypto enthusiasts to gather, forming one of crypto’s very strongest and most diversified communities. 

Within the Dogizen Universe, devs will be invited to launch new games via a unique SDK. These games can be launched within Dogizen Universe with minimal listing fees, allowing anyone from an independent dev to a larger gaming studio to bring their ideas to life. The end result is a richer and constantly growing ecosystem of new experiences. And Dogizen serves as the home for all of them, with the DOGIZ token rewarding both players and game creators alike.

Telegram Gaming: Dominating in 2024

This year has been the year that Telegram Gaming took over with its standout title, Hamster Kombat. This burgeoning player transformed into a superstar ever since announcing an airdrop back in June that practically broke the internet. Multiple major exchange listings—including the Binance holy grail—finally delivered HMSTR to the masses on the 26th of September. And it’s already eyeing up a market cap of $500 million.

Meanwhile, Catizen, Dogizen’s animal opposition, has also delivered exemplary performance. A grand total of 40 million players have come into the fold, with over 1 million of those putting their money where their mouth is and paying to play. And with Catizen generating 200X the average profits of a typical crypto for each player, why wouldn’t they?

Like Hamster Kombat, Catizen is also now available on a host of world-class exchanges, including Binance and Gate, and these eye-catching metrics and blockbuster listings demonstrate just what a stranglehold Telegram games have on the GameFi sector right now, and the inevitable trajectory Dogizen is destined to follow. 

Telegram Gaming is the power in GameFi’s engine

Rapidly soaring towards a $20 billion industry valuation, GameFi has broken records this year, and while it has not relied on a single anomalous project to prop up its immense growth, even the most basic analysis leads to an obvious conclusion: Telegram games like Dogizen are a big reason for this upturn, and GameFi will be heavily driven by TON in due course.

In short, Telegram’s unrivaled proficiency at onboarding novices into crypto and its diverse ecosystem of games, will likely be a big contributor to GameFi’s growth and its outperformance of some of the world’s most powerful asset classes.

Opening directly within the Telegram UX, Dogizen is primed to take advantage of this year’s hottest crypto trend, using Telegram to catalyze Web3 adoption and making the platform its stomping ground. 

Now is your chance if you missed out on HMSTR or CATI

Telegram gaming is still in its early stages. So even if you missed out on 2024’s big names, the fact that we’re barely six months into this billion-dollar niche suggests that backing any solid project now likely means you’re getting in early.

With its presale kicking off on Friday and growth catalysts galore on the horizon, prospective investors now have a vanishingly narrow window of opportunity to bag some DOGIZ at a heavy discount before word gets out to the mobile gaming masses.  
The Dogizen presale goes live on 4th October, 2024 at 8am UTC. Visit the official Dogizen website for further info.

 *This article was paid for. Cryptonomist did not write the article or test the platform.

From October 31, 2024, the cryptocurrency exchange Kraken will discontinue support for the crypto Monero (XMR) in all markets of the privacy token in the European Economic Area (EEA). 

This choice will impact several trading pairs, including exchanges with United States dollars (USD), euros (EUR), Bitcoin (BTC), and Tether (USDT). The main reason behind this decision concerns the regulatory and compliance obligations that Kraken has stated it must adhere to.

The role of the crypto Monero (XMR) and Kraken’s choice

Monero, launched in 2014, is one of the most popular privacy tokens in the cryptocurrency landscape. Its main feature lies in the ability to offer a high degree of anonymity in transactions, which distinguishes it from cryptocurrencies like Bitcoin, where transactions, although pseudonymous, are traceable on the public blockchain.

Monero uses advanced technologies such as ring signatures and stealth addresses to ensure that transactions are completely anonymous, making it nearly impossible to trace the origin, amount, or destination of the money.

This feature has made Monero a preferred choice for users who wish to preserve their financial privacy. However, it has also raised concerns among regulatory authorities, who fear the use of Monero for illicit activities such as money laundering and financing terrorism. These concerns have likely contributed to the decision of Kraken to cease support for Monero in the EEA.

The regulatory context in the EEA

The regulation of criptovalute is becoming increasingly stringent in Europe and in the European Economic Area (EEA), an area that includes 30 member countries, including all the states of the European Union and Iceland, Liechtenstein, and Norway.

In particular, the anti-money laundering (AML) regulations and Know Your Customer (KYC) have become a central pillar for all cryptocurrency exchanges operating in the region.

The European Union has recently introduced the Markets in Crypto-Assets (MiCA) regulation, a legislative framework that aims to comprehensively regulate the cryptocurrency market. MiCA, along with other anti-money laundering laws, requires cryptocurrency exchanges to adhere to higher standards of transparency and traceability of transactions. 

Monero, due to its intrinsically anonymous nature, does not align with these requirements, which explains the growing pressure on exchanges to remove support for this token.

Kraken cited these compliance obligations as the main reason for the discontinuation of support for Monero. Although the exchange has clarified that it will continue to support other cryptocurrencies in the EEA, the decision clearly reflects a trend of increased regulation affecting privacy tokens globally.

The impact of Kraken’s decision on the crypto Monero $XMR

The decision by Kraken to remove Monero will have a significant impact on traders operating in the EEA. Kraken users holding Monero will no longer be able to make new deposits or execute trading operations after October 31, 2024. Kraken has advised its clients to withdraw their funds in Monero before this date to avoid inconveniences.

This choice is not isolated. Other global exchanges have already taken similar measures, reducing or eliminating support for Monero in certain jurisdictions due to regulatory pressures. This could lead to a reduction in Monero’s liquidity in regulated markets, making it more difficult for users to buy or sell the token.

However, enthusiasts of Monero and supporters of financial privacy might find alternatives on decentralized platforms or on less regulated exchanges. 

For example, DEX (decentralized exchanges) that do not require KYC checks might see an increase in the trading volume of Monero, given that such platforms are not subject to the same stringent regulations as centralized exchanges like Kraken.

The future prospects for Monero and privacy tokens

The removal of Monero from Kraken in the EEA raises broader questions about the future of privacy tokens in the era of increasing cryptocurrency regulation. Although Monero has a solid base of supporters who appreciate its ability to ensure privacy in transactions, its compatibility with new global regulatory standards is increasingly in question.

If regulations continue to tighten, we might see a further shift of centralized exchanges away from privacy tokens. However, the interest in financial privacy will not fade. We might witness the emergence of new technological solutions or cryptocurrencies that seek to balance anonymity with regulatory requirements.

In conclusion, Kraken’s decision to discontinue support for Monero in the EEA reflects a broader change in the cryptocurrency landscape, where regulatory compliance is becoming increasingly central. Monero and its supporters will need to adapt to this new reality, seeking alternatives to preserve privacy in the crypto ecosystem.

The Bank of Russia wanted to clarify some concerns about the effects of the digital ruble. In practice, the new Russian CBDC will not lead to an increase in the amount of money in the economy and therefore will not exert inflationary pressures. 

Bank of Russia clarifies that the digital ruble will not affect the country’s inflation

The Bank of Russia has released several statements regarding the digital ruble, to clarify general concerns.

Specifically, the draft of the main guidelines of the unified state monetary policy for 2025 and the period 2026 and 2027 of the Bank of Russia states the following:

“After the introduction of the digital ruble, the Bank of Russia will continue to target inflation. The appearance of a digital form of the national currency will not affect the mechanisms of monetary policy implementation. The Bank of Russia will continue to manage money market rates by conducting liquidity provision operations to banks and absorbing the same”.

In practice, the regulatory authority wanted to emphasize that the issuance of the digital ruble will not lead to an increase in the amount of money in the economy. On the contrary, the Russian CBDC will only affect the demand for cash and funds in bank accounts by economic operators. 

The digital ruble will therefore not exert any inflationary pressure and will not affect the monetary policy mechanisms of Vladimir Vladimirovič Putin’s country. 

Bank of Russia and the digital ruble ready to change only the structure of the money supply

Once it was clarified what the digital ruble will not do, the Bank of Russia then clarified what it will do. 

In practice, the introduction of the digital ruble will lead to the creation of an additional payment infrastructure that will help increase the sustainability, reliability, and uninterrupted operation of the payment and monetary settlement system in general.

Not only, the digital ruble will not affect the basic principles of the functioning of the banking system nor the principles of implementation of monetary policy. In this regard, here is what is stated in the text:

“First of all, the two-tier banking system will be preserved, credit institutions will maintain their main functions: lending to the economy and accumulating the savings of the population”,

In any case, the Bank of Russia began testing the virtual Ruble on August 15, 2023. Initially, about 600 people from 12 banks participated. From September 1, 2024, many others have joined. The bank stated that:

“Starting from September 1, 2024, the pilot has been expanded. The total number of participants has increased several times with the start of the new phase.”

The revelation of Sberbank on the Russian CBDC

Last month, the largest Russian bank Sberbank reportedly revealed its participation in the pilot program on the digital ruble.

Not only that, Anatoly Popov, deputy director of Sberbank, also stated that digital ruble operations with customers will begin in 2025. 

This means that within a few months, the Russian CBDC could already be in circulation. 

In reality, it seems that the expected launch date for the digital ruble in its CBDC version will be by July 2025. 

SPONSORED POST*

Every new project in the cryptocurrency space promises to be the next big thing, and the evolution has only improved with the arrival of ETFSwap (ETFS). With one crypto billionaire, the journey began with Cardano (ADA), spanned through Solana (SOL), and is now set on the golden prospects of ETFSwap (ETFS). The crypto billionaire is now on track for a 5000× yield on investments with the entrance of ETFSwap (ETFS) to the crypto scene.

ETFSwap (ETFS) – The Future of Decentralized ETFs

Here is why the billionaire’s focus moved to ETFSwap (ETFS). ETFSwap (ETFS) is a trailblazing project on a mission to revolutionize interactions between crypto traders and ETFs (Exchange-traded funds). Unlike conventional cryptocurrencies, ETFSwap (ETFS) introduces tokenized ETFs to the blockchain, allowing ease and decentralization in swapping and trading. 

Currently, the final stage of the ETFSwap (ETFS) presale is flourishing, and the enthusiasm of investors buying into the current presale price at $0.03846 per ETFS token is bullish. The robust backend development of the ETFSwap (ETFS) is another factor that has made small-scale investors, and large-scale investors, including the crypto billionaire, set ETFSwap as their investment strategy for 5000× yield. 

Why ETFSwap (ETFS) Stands Out

What makes ETFSwap (ETFS) exceptionally appealing is its democratized solution to acquiring ETFs using the power of decentralized finance (DeFi). ETFSwap (ETFS) is closing the gap between the crypto world and traditional finance through its unique features that adopt ETFs to the blockchain. Users can partake in spot and future crypto ETFs, while still enjoying the blockchain’s transparency and security.

Liquidity pools on the ETFSwap (ETFS) platform will enable traders to diversify their investments across a broad range of assets, cutting back market volatility risks. Staking tools will make room for earning profit on investments as high as 5000×, making it a superior platform for portfolio growth. The final presale stage of ETFSwap is in full swing at the fetching price of $0.03846 per ETFS token.

ETFSwap’s Roadmap

The success of ETFSwap (ETFS) is growing rapidly. Investors who secure their tokens now at $0.03846 will not only get into the platform at minimal costs but also gain from the numerous utilities of the platform in its upcoming release. Phase 1 of the beta platform is set to launch on the 18th, where users will engage in the platform’s swapping and staking capabilities in reality. 

The platform will launch even more advanced features in Phase 2, releasing its AI-powered ETF screener that will propel it to the next ground-breaking level in the blockchain. The phase promises advanced filtering tools and data-driven insights for trading, enabling ease in distinguishing high-performing ETFs. These features are generating much traction for the ETFSwap (ETFS) presale platform among crypto investment circles.

Cardano (ADA) and Solana (SOL) – The Bygone Options 

The crypto billionaire first found success with Cardano (ADA) and Solana (SOL). Cardano (ADA) had the potential to be a scalable blockchain capable of handling diverse, decentralized applications. However, despite its promise, the Cardano (ADA) performance has bunked in recent months. This has led to notable losses as high as $200 million among some of the Cardano (ADA) investors. 

Meanwhile, Solana (SOL)’s advanced technology that allowed speedy transactions and low fees through its proof-of-history consensus mechanism attracted Solana traders who wanted a more scalable network. However, the high hopes of the crypto billionaire and other Solana investors alike were crushed when Solana faced network outages and challenges. 

Ultimately, the arrival of ETFSwap (ETFS) on the crypto scene came as a breath of fresh air for the crypto billionaire and other Cardano (ADA) and Solan (SOL) investors who now have the chance to reap as high as 5000× yield on their investments. 

Conclusion 

ETFSwap (ETFS) is synonymous with the future of decentralized ETFs. The platform is established to revolutionize the ETF market by offering users unrivaled access to multiple investment possibilities on the blockchain. Now is the perfect time to join the future of decentralized finance by participating in the final presale that is thriving at $0.03846 per ETFS token. Don’t miss this opportunity to secure your place by visiting the ETFSwap (ETFS) presale page today.

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

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As the world of cryptocurrency frequently leaves investors waiting for tokens like Shiba Inu (SHIB) and Pepe (PEPE) to rise, ETFSwap (ETFS) may be a compelling option for those seeking substantial gains. ETFSwap (ETFS) stands out as a compelling option for those seeking substantial gains.

ETFSwap (ETFS): A Token With Potential For 400x Gain

ETFSwap (ETFS) is not just another token in the crowded cryptocurrency landscape; it represents a transformative approach to trading and investment. Currently, in Stage 3 of its presale, ETFSwap (ETFS) is generating buzz among investors eager for high returns. With the beta platform launch on the horizon, scheduled for an exclusive preview on the 28th, there’s never been a better time to get involved.

ETFSwap (ETFS) offers market-making and perpetual trading services, allowing users to engage in trading activities continuously without expiration dates. This flexibility is a game-changer for traders looking to maximize their investment strategies. Additionally, the platform allows position sizes of up to 50x, providing ample opportunity for significant gains. Unlike many platforms, ETFSwap (ETFS) has no KYC requirements, making it accessible for small and medium investors who prefer to operate without the interference of traditional banking systems.

ETFSwap (ETFS) platform employs zero-knowledge (ZK) proof technology, ensuring that transactions remain confidential and secure. Furthermore, The team has also proven its dedication to transparency by successfully completing KYC requirements with SolidPROOF, which guarantee trust among potential investors. 

The integration of blockchain technology improves ETFSwap’s reliability and integrity, enabling trustless transactions and decentralized governance. By bridging traditional finance and decentralized finance (DeFi), ETFSwap (ETFS) offers users the best of both worlds. Investors can diversify their portfolios with access to ETFs from various sectors, such as technology, healthcare, and energy.

As ETFSwap (ETFS) prepares for its beta platform launch, the backend has been developed robustly, ensuring a seamless user experience. Phase 1 will feature capabilities for participating in liquidity pools and staking mechanisms, along with a structured ETF pricing and swapping features. In Phase 2, an AI-powered ETF screener will be introduced, further improving trading strategies and insights. However, these features emerged ETFSwap (ETFS) top pick among its contenders for 400x gain.

Shiba Inu (SHIB): A Meme Coin’s Struggle For Sustained Growth And Utility

Many investors are interested in meme-inspired branding and community-driven efforts like Shiba Inu (SHIB). Despite its popularity, Shiba Inu has struggled to continue growing. Prices of Shiba Inu coins often fluctuate, making investors worried and dissatisfied. Despite Shiba Inu’s successes, is it a good long-term investment?

Beyond community engagement, its utility is limited, raising questions about its future. For investors seeking real-world applications and solid ecosystems, Shiba Inu may not meet the criteria. If you’re tired of waiting for Shiba Inu to deliver substantial returns, ETFSwap (ETFS) may promise better results.

Pepe (PEPE): Riding The Meme Wave But Struggling For Long-Term Stability

Pepe (PEPE) is another crypto coin that has benefited from internet culture. Like Shiba Inu, PEPE is popular because of memes. Pepe (PEPE) has the same issues as Shiba Inu. The speculative nature of meme coins like PEPE causes severe price fluctuations, making them risky investments for stability seekers.

Investors increasingly seek companies with demonstrable use cases and unique technologies. Unfortunately, PEPE lacks the foundations for sustainable growth. Real-world tokens will become more popular as the system grows. However, ETFSwap (ETFS) may be a better option if Pepe (PEPE) is disappointing.

Conclusion 

While you may be tired of waiting for Shiba Inu (SHIB) and Pepe (PEPE) to provide the returns you desire, ETFSwap (ETFS) is well-positioned to deliver the 400x gains that many investors are eagerly seeking. Meanwhile, ETFSwap (ETFS) presale tokens are selling quickly. Buy yours now at $0.03846 before they are much available on exchanges.

For more information about the ETFS Presale:

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*This article was paid for. Cryptonomist did not write the article or test the platform.

Vitalik Buterin, co-founder of Ethereum and one of the most influential figures in the world of cryptocurrencies, continues to emphasize the importance of decentralization and collaboration within the Ethereum ecosystem. 

With the growing success of blockchain and the continuous evolution of the sector, Buterin highlights the fundamental challenges that Ethereum must face to maintain its original spirit, ensuring that decentralization is not lost and that collaboration among developers remains strong.

Vitalik Buterin’s vision for Ethereum: decentralization as the central pivot

From the beginning, Vitalik Buterin envisioned Ethereum as a decentralized platform that went beyond the simple purpose of a cryptocurrency. 

Ethereum was designed to be a global infrastructure, capable of supporting decentralized applications (dApp), smart contracts, and solutions for a wide range of sectors, from decentralized finance (DeFi) to supply chain management.

According to Buterin, the success of Ethereum depends on its community of developers and their ability to collaborate on innovative projects that promote the ecosystem. “The fundamental challenge is to ensure that all projects build something that resembles a single Ethereum ecosystem,” he has stated on several occasions. 

His vision is not only about technological growth, but also about creating a harmonious environment where decentralization and collaboration can coexist without compromises.

Decentralization is one of the pillars on which Ethereum is based. For Buterin, it is essential that the ecosystem remains decentralized to ensure the security, transparency, and resilience of the network. However, this principle entails complex challenges. The explosive growth of Ethereum has led to the emergence of numerous projects and protocols, each with its own objectives and solutions. This can create fragmentation within the ecosystem.

Buterin has often emphasized the importance of maintaining the balance between innovation and decentralization. On one hand, blockchain technology must evolve to meet growing demands, but on the other hand, care must be taken not to compromise the fundamental principles on which the ecosystem is based. Ethereum, in Buterin’s vision, must continue to be a public infrastructure, where no single group or individual can have control.

Collaboration: the key to Ethereum’s success

Another central theme in Vitalik Buterin’s philosophy is collaboration. Ethereum has one of the most active and dynamic developer communities in the world of cryptocurrencies. 

This is a crucial element for the success of the platform. “The Ethereum ecosystem is strengthened thanks to the collaboration between developers, researchers, and the community,” said Buterin.

But maintaining a high level of collaboration is not easy. With hundreds of different projects emerging within the ecosystem, there is always the risk that some of them may diverge too much from Ethereum’s common goal. 

Buterin acknowledges that one of the main challenges is ensuring that these projects work harmoniously, all contributing to a cohesive Ethereum ecosystem.

For this reason, Buterin has insisted on the importance of clear guidelines and a spirit of cooperation among the different actors in the sector. The strength of Ethereum lies in its ability to bring together brilliant minds from all over the world to work on common goals, while maintaining a decentralized infrastructure.

The technological evolution is essential for the growth of Ethereum, but it involves challenges that cannot be ignored. One of the main issues is how to balance innovation with decentralization. 

With the Ethereum 2.0 update and the transition to Proof of Stake (PoS) consensus, the network has made significant strides in terms of scalability, sustainability, and security. However, Buterin is aware that these changes must be accompanied by a constant commitment to maintaining decentralization.

The risk, according to Buterin, is that the ecosystem could become too fragmented, with projects taking different directions and not contributing to the unified vision of Ethereum. 

This could lead to a “balkanization” of the ecosystem, where different networks or blockchain solutions compete with each other instead of collaborating. To avoid this, Buterin has invited developers to maintain a long-term perspective, working together to create solutions that improve the Ethereum ecosystem as a whole.

Ethereum as a unified ecosystem

To ensure that Ethereum continues to be a unified and decentralized ecosystem, Buterin believes that a constant commitment from the community is necessary. 

The collaboration between developers, researchers, and users is essential to tackle future challenges. Furthermore, it is crucial that the actors within the ecosystem adopt a flexible and collaborative approach, setting aside rivalries and working for the common good.

In a world where blockchain technology is rapidly evolving, Vitalik Buterin remains one of the main advocates of the idea that Ethereum must evolve without losing sight of its founding values: decentralization and collaboration. 

Only in this way, he argues, Ethereum will be able to continue to grow, maintaining its role as a leader in the cryptocurrency and decentralized applications industry.

Vitalik Buterin has a clear vision for the future of Ethereum: to evolve while maintaining decentralization and promoting collaboration. The challenges are manifold, but with the right approach, Ethereum can continue to grow as a unified ecosystem, where innovation and decentralization go hand in hand. 

With a community of developers strongly committed and a visionary leader like Buterin, Ethereum has the potential to remain a dominant force in the world of blockchain.

Charles Hoskinson, co-founder of Ethereum and founder of Cardano, was recently awarded in the city of Zug, Switzerland, for his pioneering contribution to the creation of the Crypto Valley and for the transformative impact he has had on the city and the global economy.

This recognition was presented during the ETH10X event, organized to celebrate the 10th anniversary of the Ethereum Foundation, which has played a fundamental role in developing Zug as a global hub for blockchain innovation.

The gratitude of the city of Zugo for Charles Hoskinson of Cardano

Zugo, now known as the “Silicon Valley of cryptocurrencies,” has become a global reference point for the development of decentralized technologies.

Thanks to the pioneering work of Hoskinson and, the Swiss city has managed to transform itself into a center of innovation that attracts companies and developers from all over the world.

Charles Hoskinson, who after his experience with Ethereum founded Input Output, a leading company in blockchain infrastructure research and development, expressed his enthusiasm for this recognition, emphasizing the importance of collaboration and innovation that have driven the growth of the Crypto Valley.

The role of Hoskinson in blockchain innovation

After his participation in the foundation of Ethereum, Hoskinson continued to push the boundaries of innovation in the cryptocurrency and blockchain technology sector. 

With the founding of Input Output, Hoskinson contributed to the creation of a series of innovative projects, including Cardano (ADA), a third-generation blockchain platform that aims to solve some of the key issues plaguing previous blockchain networks, such as scalability, sustainability, and interoperability.

The Cardano platform, which hosts the cryptocurrency ADA, is globally recognized for its advanced architecture, based on a scientific approach and peer review. Hoskinson has always emphasized the importance of building more inclusive and secure financial systems, and Cardano represents one of the most ambitious projects in this direction.

In addition, Input Output has recently launched Midnight, a fourth-generation blockchain that promises to bring further innovations to the sector, offering greater security and advanced functionality for decentralized applications.

Upon receiving the award, Charles Hoskinson stated:

“It is an incredible honor to be recognized during the ETH10X event alongside my fellow Ethereum co-founders. The Crypto Valley has been a pillar for the global blockchain industry, and I am proud to have contributed to its inception. The innovation that was born here has not only created a thriving ecosystem for decentralized technologies, but has also led to extraordinary advancements that are shaping the future of finance and governance. 

Since those early days, I have been inspired to push the industry forward, and that passion led me to co-found Input Output with Jeremy Wood. Our mission has always been to push the limits of decentralization, and with projects like Cardano and Midnight, we are leading the development of more secure, inclusive, and scalable financial systems that can empower people around the world.”

Cardano: an ecosystem in continuous growth

Cardano is one of the most innovative and rapidly growing blockchains in the cryptocurrency sector. Under the guidance of Charles Hoskinson, the project continues to evolve with new technological implementations and strategic collaborations. 

One of the aspects that differentiates Cardano from other blockchains is its commitment to sustainability and financial inclusion, with the goal of providing efficient solutions even for emerging economies.

The Cardano network is also at the forefront when it comes to Proof of Stake (PoS), a more energy-efficient consensus mechanism compared to the Proof of Work (PoW) used by other blockchains like Bitcoin. This approach has allowed Cardano to be recognized as one of the most eco-friendly platforms in the sector.

The contribution of Charles Hoskinson goes beyond just blockchain technology. Through his vision and work, he has helped create a global ecosystem that promotes the adoption of decentralized technologies not only in financial markets, but also in sectors such as governance, education, and healthcare. 

The Crypto Valley of Zug represents a concrete example of how innovation driven by cryptocurrencies can have a real and lasting impact on local and global economies.

The award received by Charles Hoskinson in the city of Zug is a recognition of his pioneering role in the creation of the Crypto Valley and his transformative impact on the global economy. As the founder of Cardano and a leader in the blockchain sector, Hoskinson continues to push the boundaries of innovation, promoting a vision of a decentralized and inclusive future. 

His work with Input Output and the Cardano platform represent only the beginning of what could be a radical change in the way the world manages finance and governance in the next decade.