Tether CEO Paolo Ardoino stated that the stablecoin company might put “significant resources” into developing a global peer-to-peer (P2P) financial markets terminal. Ardoino explained that decentralization in the payments area, where humanity is “getting rid” of the monopolistic intermediaries, could also improve the financial markets data industry. This would also allow exchanges to monetize their […]
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Token Terminal and Messari Release Research Reports on TRON Network For Q1 of 2024
PRESS RELEASE. Geneva, Switzerland, May 17, 2024 – Recent detailed analyses by Token Terminal and Messari have provided an in-depth review of the TRON network’s activity during the first quarter of 2024, emphasizing its competitive positioning and expansive growth within the blockchain sector. Token Terminal Analysis Token Terminal’s comprehensive report offers crucial insights into key […]
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TRON Network Integrated With Token Terminal
PRESS RELEASE. Zürich, Switzerland, March 13, 2024 – TRON DAO has collaborated with Token Terminal, integrating the TRON network’s data into Token Terminal’s sophisticated suite of data analytics tools. This collaboration promises to transform the way investors and analysts access and leverage TRON’s data. Token Terminal’s Data Partnership is a comprehensive on-chain data analytics service […]
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Ethereum To $36,800? Token Terminal Predicts When This Will Happen
Blockchain analytics platform Token Terminal has provided insight into the future trajectory of the second largest cryptocurrency by market cap, Ethereum (ETH). Interestingly, they predict that the crypto token could rise as high as ,800.
When Ethereum Will Hit ,800
In the research paper released by the platform, Ethereum is billed to hit the ,800 mark by 2030. However, this prediction is made in the best-case scenario of 2030 being a bull market season. One of the ways in which they analyzed ETH’s future value was with the total Addressable Market analysis.
They looked at the industries already adopting blockchains while forecasting how much of them will move on-chain by 2030. In line with this, they considered the role Ethereum could play in this in terms of tokenization. Token Terminal believes that all assets could be tokenized on the network, playing an integral role in the finance industry.
The finance industry apparently does over trillion in annual revenues at the moment and is growing at a compound annual rate of 7.5%. With this in mind, Token Terminal foresees that the finance industry and Ethereum could form a mutually beneficial relationship. For one, a majority of the liquidity in the industry could become consolidated on the Ethereum network.
Alongside the prediction of ,800 in 2030, the blockchain analytics platform projects that Ethereum could also enjoy an 80% market share among Layer 1 networks. The network could reach a monthly revenue of 9,668 in the best-case scenario (dependent on 2030 being a bull year).
Ethereum’s Price In The Next Bull Cycle
Meanwhile, Token Terminal also gave an insight into what Ethereum’s price could look like in the next bull run. According to the platform, the crypto token could rise to as high as ,000 at the peak of the bull market. From their projection, the Bitcoin Halving is seen as a catalyst that could spark the next cycle.
The next Bitcoin Halving is expected to take place on April 4, 2024. Based on Token Terminal’s analysis, Ethereum’s price could rise to ,300 by then. From that moment, ETH is projected to see an increase of over 469% as it surges to over ,000 at the peak of the next bull cycle.
The future of Ethereum looks really promising based on these forecasts. Above all, Token Terminal expects the network to continue to dominate its competitors in terms of the economic opportunity on it. They predict that new use cases on Ethereum will spur it to “grow exponentially larger” in the coming years.
End of Fed’s Tightening Cycle: Bernanke, Majority of Polled Economists See Terminal Rate Hike Ahead
With just a four-day window to go, the U.S. Federal Reserve appears primed to raise the federal funds rate by 25-basis-points (bps) at the forthcoming Federal Open Market Committee (FOMC) meeting scheduled for Wednesday. The market presently maintains the conviction that this quarter-point uptick is inevitable, and a group of 106 economists, according to a poll conducted by Reuters, are of the view that this will signify the concluding escalation of the ongoing tightening cycle.
Former Fed Chair Ben Bernanke and Polled Economists Echo Anticipation of Final Federal Rate Hike
This Wednesday, all eyes are on the U.S. central bank as it stands on the threshold of a potential 25bps boost to the pivotal bank rate, pushing it to hover within the 5.25%-5.50% spectrum. The market has preemptively accepted the likelihood of this quarter-point advancement.
To illustrate, data from CME Group’s Fedwatch tool as of Saturday, July 22, 2023, signals a near-certain 99.2% probability of this 25bps escalation. On the other end of the spectrum, the same Fedwatch tool from CME conveys a relatively minuscule 0.8% chance for the rate to remain static.
Moreover, a survey published by Reuters on July 19, a majority of 106 economists suggest it will be the last federal funds rate increase for the tightening cycle. The poll’s participants surveyed between July 13-18 show that the perception that rates will remain high for a longer period of time has increased.
Jan Nevruzi, the U.S. rates strategist at Natwest Markets said that “despite the soft CPI print, we still anticipate a hike in July … (and) while we hope the softness in inflation persists, it is unwise from a policymaking standpoint to bank on that.” The Natwest strategist added:
We do not want to rush ahead and say the fight against inflation has been won, as we have seen head-fakes in the past.
Former Federal Reserve chair Ben Bernanke shares a similar view with the economists polled by Reuters. At a webinar event held by Fidelity Investments, Bernanke suggested that the 25bps rise in July could very well be the final hike. “It looks very clear that the Fed will raise another 25 basis points at its next meeting,” Bernanke said on Thursday. “It’s possible this increase in July might be the last one.”
The former central bank chair believes inflation will continue to drop and told investors he expects the inflation rate to range between 3% to 3.5%. While Bernanke acknowledged that the United States could see a slowdown in economic growth, he doesn’t envision a massive recession in the future.
“What we’ll see is a very modest increase in unemployment and a slowing of the economy,” Bernanke explained during the webinar. “But I’d be very surprised to see a deep recession in the next year.” While the Fed’s “dot-plot” shows the federal funds rate could reach 5.50%-5.75%, Reuters’ poll shows that only 19 economists out of the 106 surveyed suspect it will get that high.
How do you foresee the predicted final rate hike impacting the broader economy? Do you agree it’s the last one? Share your thoughts and opinions about this subject in the comments section below.
Kattana Is the All-in-One Trading Terminal Defi So Badly Needed
With Kattana, DeFi finally has a professional trading terminal that matches (and often exceeds) CEX ones.
As long as DeFi existed, there has been a massive gap between the tools available to traditional traders on CEXs and outside of crypto vs. the very basic tools available to DeFi traders, often having to just take whatever price is being offered on Uniswap or other AMMs. But what trader wants to be limited by blunt instruments when the price of even a tiny delay can cost millions?
The team behind Kattana knew this all too well, having already developed a successful CEX trading terminal. However, creating an effective one for DeFi presented a number of challenges, some of which seemed insurmountable.
For starters, it’s hard enough to create an accurate terminal to trade on one blockchain — Kattana’s works on 6 (with more planned). Building anything cross-chain is very difficult, let alone having quick and effective trades cross-chain. Kattana built completely new infrastructure — from scratch — to make cross-chain trading quick, accurate, and secure. The best part about this new infrastructure is that it allows quick updates and massive scalability. The features that will now be possible to release are simply mind-bending. Kattana gives users the ability to trade in real-time on over 40 DEXs across multiple networks. Traders are getting 24 charts on one screen, 3 types of limit orders, an AI-powered news aggregator, data analysis and other innovative tools.
Data accuracy is also difficult to achieve in a decentralized marketplace. To this end, Kattana has already 383 million trades on over 800,000 trading tickers. And it’s only ramping up: just on 3 blockchains, Kattana is recording 4-5k trading tickers daily.
Kattana’s CEO, Ilya Demydonok, is well aware of the challenges: “Many told me that this was impossible, but our team put in crazy long hours and created a trading terminal not only as good as any CEX but even better.”
Sometimes, something that looks easy and obvious is extremely hard to achieve in DeFi. Such is the case with limit orders the way traders are used to them on CEXs. Yet, Kattana’s engineers figured out a way to get them right and will implement proper limit orders into the next update.
All these, hard to implement but necessary for traders features create the most powerful and seamless trading experience that finally brings DeFi trading to the pro level.
Kraken-Owned CryptoWatch Launches Crypto Trading Terminal
The Kraken-owned Bitcoin and crypto-asset trading data provider and trade execution platform Cryptowatch just released a desktop client for expert and institutional investors in the industry.
Cryptowatch is a modular trading terminal where users can track cryptocurrency market trends in an in-depth manner. For six years, the product had a webpage, but no formal desktop interface. This changes with this recent announcement.
Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom
CryptoWatch Rolls Out Desktop Client
Cryptowatch today rolls out a native desktop client that will be available on Windows, MacOS, and Linux and free for all users.
“Cryptowatch Desktop is optimized for keeping an eye on dozens of live market feeds at once with low resource utilization on your computer. A single dashboard can be configured with multiple order books, candlestick charts, spread charts, high level market summaries, and large price quotes – all updating in real-time.”
Cryptowatch Desktop is written in Rust, “using Elm-inspired Rust GUI framework iced.” This makes the software relatively light on one’s CPU and memory, which is important for traders that want to have a rapid experience.
Early adopters of Cryptowatch include many top traders on Twitter, including Hsaka, I Am Nomad, amongst many others.
Product manager at Cryptowatch, Clark Moody, hopes that this product will satisfy traders that want “rock solid tools”:
“Traders want rock solid tools that can handle the high intensity of volatile markets. In our testing, we’ve seen the platform handle a dozen order books or charts on a single screen without breaking a sweat. We’re confident that as we build out the software, we will be able to maintain snappy responsiveness under the most demanding market conditions.”
Related Reading: Tyler Winklevoss: A “Tsunami” of Capital Is Coming For Bitcoin
One of Many Recent Developments For Kraken
This is the latest in a string of developments for Kraken.
Last month, Kraken announced that one of its subsidiaries had received approval to become “America’s first crypto bank.” This subsidiary, Kraken Financial, intends to provide “comprehensive deposit-taking, custody, and fiduciary services for digital assets.”
Kraken hopes to service Kraken clients in the U.S., then around the world with this new platform. This should ease the friction that cryptocurrency users have in using banking services.
Related Reading: 3 Bitcoin On-Chain Trends Show a Macro Bull Market Is Brewing
Photo by Clément H on Unsplash Price tags: xbtusd, btcusd, btcusdt Charts from TradingView.com Kraken-Owned CryptoWatch Launches Crypto Trading Terminal
Worlds First Zero-Fiat Bitcoin Bond Now Available on Bloomberg Terminal
n No fiat involvement for regulated bitcoin bond which gained U.K. regulatory approvaln
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Bloomberg Terminal Lists Ethereum-Based Debt Instrument
In a blockchain first, Cadence has obtained a Financial Instrument Global Identifier FIGI and can be easily found on Bloomberg Terminal.
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Restaurants Accept Crypto With PundiX Terminal, Towards Mass Adoption
The just concluded second edition of Consensus held in Singapore proved to be successful for organizers. Since it was a melting pot for diverse blockchain influencers, investors and star-ups it was only fitting for social amenity providers outside the conference to supply fast means of payment and many ended up using PundiX PoS to expedite payment.
In JUSTIN Flavours of Asia, one of the restaurants installed @PundiXLabs XPOS terminal to accept #crypto payment during #ConsensusSingapore. Our guest just experienced his first meal paid with #NPXS. pic.twitter.com/RBgkb4z0Be
— Peko Wan (@peko0413) September 20, 2018
More than 8,000 individuals attended the event organized by CoinDesk and TechXLR8 Asia and sponsored by more than 50 companies. Further asserting the theme, more than 90 speakers graced the event. The general theme of the conference was to “growing global demand for specialized content and enhanced networking opportunities to satisfy the ever-growing appetite for development of the blockchain-related markets”.
The Path Towards Mass Adoption
Much has been talked about cryptocurrency with the majority holding the coin for speculation purposes. However, for the coin to be a main stay, there should be a shift from profit making to actual use and that’s what PundiX is driving for. Through the use of portable point of sale devices relying on the NEM blockchain, the gadget allows retailers to settle payments using any of the 15 cryptocurrencies supported. This not only spurs mass adoption but is surely a step in the right direction now that holding or coin reservation demand is low due to dropping crypto prices.
PundiX recently announced they will begin shipping 4,000 point of sale devices to several stores in SE Asia and Europe. Besides, the start up has received more than 500 individual orders from 31 countries.
In order to allow daily use of crypto, PundiX POS enables a bi-direction transaction the device facilitates crypto to fiat or fiat to crypto conversions via special API, Xplugin that connects directly to the NEM blockchain. NEM blockchain has various applications in finance and utilizes the ideas of public and private chains which PundiX make use of. Once connected to the ledger, users can thereafter link up with their digital wallets and even issue special smart contract requests. This way, users can at any time settle single or multiple cryptocurrency transactions faster and safely through the NEM blockchain at these point of sale terminals.
Overly, PundiX is a mix between advanced inventory management and in-built exchange capabilities. And in-order to make crypto payments simple, cost effective and secure for the buyer, PundiX POS employs several multi-card reader capabilities and end-to end, layer to layer encryption complete with a display and a keypad. The gadget is light weight and it’s android OS is specifically designed for blockchain application. To bode well with regulatory demands, PundiX is has a camera making it possible for retail stores to take photos in case of KYC demands.
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