Cryptocurrency news digest overnight October 16, 2024
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Johny Smith
2024/10/28
3 mins read
According to data as of October 16, 2024, Bitcoin quotes rose to $67,370. This is 2.5% higher than the previous day. The capitalization of the digital coin increased to $1.33 trillion. Yesterday, cash flows into cryptocurrency Bitcoin ETFs were positive and amounted to $371 million. The Blackrock IBIT fund recorded $288.8 million.
- The sale of crypto tokens on the Trump platform stopped at $10 million
- Coinbase: The cryptocurrency segment is maturing
- Ripple Announces Partners for RLUSD Stablecoin
- Google deal should change the mining industry
- Blockstream received $210 million
The sale of crypto tokens on the Trump platform stopped at $10 million
Day 1 token trades for Trump family-backed crypto project World Liberty Financial fell. Just over 3.4% of the 300 million WLFI tokens have been sold. The team only managed to get $10.3 million.
Coinbase: The cryptocurrency segment is maturing
Despite the obvious volatility, the market became mature in 2024. This opinion was expressed by experts from Coinbase and Glassnode. The report examines the outlook for digital currencies in the fourth quarter. Multibillion-dollar inflows into Bitcoin spot exchange-traded funds (EFTs) and higher activity on blockchains are cited as reasons for optimism.
Ripple Announces Partners for RLUSD Stablecoin
Ripple Labs has partnered with exchanges and platforms including Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA and Bullish to facilitate distribution of the new stablecoin RLUSD.
Google deal should change the mining industry
Company representatives decided to start using small modular reactors (SMRs) to solve energy consumption problems in cryptomining and machine learning. SMR is a cost-effective and environmentally friendly data center solution that has the potential to transform the entire digital asset mining industry.
Blockstream received $210 million
The company has raised $210 million in investments through a bond issue led by Fulgur Ventures. The funds received will be used to accelerate the development and development of Level 2 technologies for Bitcoin.
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