Author: CryptoGap

The possibility of the Chinese yuan dethroning the U.S. dollar and establishing itself as an international currency is a hot topic currently in the global finance market and it raises many eyebrows, particularly as China’s economy is regularly expanding around the world. With Beijing’s hard push for yuan internationalization, supported by initiatives like the Belt and Road, and its creation of an alternative cross-border payment system, this question has become more important: can the Chinese yuan, or renminbi, replace the dollar as the world’s top currency? Why China Wants the Yuan to Go Global? China’s aspirations to make the yuan…

Aptos is a blockchain that arrived a couple of years ago and since has made a good name for itself in the cryptocurrency market. The reason is clear, Aptos has real chops regarding scalability, speed, and giving developers all the tools they need to build the next big thing in Web3. Launched in October 2022 by two ex-Meta engineers, Avery Ching, and Mo Shaikh, Aptos is a blockchain gunning for the stars—and maybe Ethereum’s spot while it’s at it. So, what makes Aptos so special? Why does it seem like everyone, from DeFi developers to NFT artists, is getting on…

San Francisco, CA, United States, October 22nd, 2024, Chainwire Bluwhale is scaling its AI network on the blockchain, empowering individuals to monetize and contribute data, storage, and compute power from idle smartphone capacity Bluwhale, an AI web3 start-up that leverages smartphones as nodes to connect users on-chain for targeted outreach and communication from enterprises and receive rewards, today announced its Node Sale. The private and public node sale starts in October and runs through the end of November only. The Node Sale will empower early adopters to contribute data, future storage, and compute to Bluwhale’s AI network through their smartphones,…

London, United Kingdom, October 24th, 2024, Chainwire Peanut launches a beta of the first self-custodial offramp, allowing users to directly cash out any token on 20+ EVM chains to their bank accounts—without relying on centralized exchanges. This beta feature is being rolled out in the EU and US first. This new beta feature creates an important bridge between crypto and fiat. Users can cash out funds from any token on 20+ EVM chains directly in US Dollars or Euros to their bank account, skipping the need for CEXes or other custodied solutions. This works by creating a bridge between the…

Recently, a prominent crypto CEO has made waves by forecasting the Bitcoin price could reach a staggering $1,000,000. Meanwhile, two other tokens, ETFSwap (ETFS) and Cardano (ADA), are poised for remarkable growth, with projections suggesting a potential rally of 700%.  ETFSwap (ETFS): Revolutionizing Trading With 700% Growth Potential ETFSwap (ETFS) is making headlines, particularly with its exciting Stage 3 presale. This phase offers a unique opportunity for investors to get in early on a platform that promises to revolutionize trading. ETFSwap (ETFS) provides market-making and efficient trading services, allowing users to trade assets continuously without expiration dates. This feature not…

Investors are keeping a close eye on the WallitIQ (WLTQ) tokens  and Pepe (PEPE) as the crypto bull run is getting set to take off with Dogecoin price preparing for an anticipated rally. With predictions pointing to 90,000% gains across these three assets, many investors are banking on the WLTQ tokens for their unique utility.  WallitIQ (WLTQ): A Revolution in DeFi Wallets WallitIQ (WLTQ) sets itself apart from traditional crypto wallets by automating complex processes with the help of Artificial Intelligence (AI). One of its standout features is its transaction automation, which takes the stress out of crypto trading.  WallitIQ…

Polkadot (DOT) has registered a substantial decline over the past 24 hours, with the price down by almost 3.50% and back under $4.50. It is currently trading at $4.41. DOT had briefly pushed above $4.50 over the weekend, reaching a day high of $4.59 before settling at $4.57 on Sunday, but fell back in the red on Monday as buyers lost momentum yet again. Polkadot (DOT) Sees Mixed Week Last week, Polkadot’s (DOT) price action was mixed as it started with a substantial increase of 5.05% on Monday to push above the 20 and 50-day SMAs and settle at $4.37.…

Binance, the world’s leading crypto exchange, announced the launch of the LUMIA stake-to-earn campaign, offering the token holders APR rewards on the exchange. Lumia Chain, a real-world asset (RWA) DeFi platform, becomes the latest project to be added to Binance’s Earn campaign, joining prominent cryptocurrency assets such as Bitcoin, Ethereum, USDT and others. The initiative aims to offer LUMIA holders an opportunity to earn additional rewards through staking on Binance and extend knowledge of Lumia’s features and benefits.  Speaking on the addition of LUMIA to the Binance Earn campaign, Mehmet, a Core Contributor at Lumia stated:  “The Binance Simple Earn program…

Top Solana meme coin Dogwifhat is facing the risk of major downside volatility.  The WIF price is already down over 16% from its October high of $2.92, trading at just $2.44 at press time. The meme coin is creating another red candle today on Tuesday and is down by 4% in the past 24 hours.  With the meme coin now facing a key resistance level, the latest Dogwifhat price predictions are cautioning about another sharp correction.  On the contrary, new meme coins continue to thrive behind large whale investments. GOAT and CAT are amongst the top gainers today, while presale…

Los Angeles, USA, October 22nd, 2024, Chainwire Decentraland, the first decentralized virtual social world, launched a powerful new desktop client today, signaling a new era for experiencing spatial environments. This beta release enhances performance, delivers a more immersive environment, and introduces new engaging features, setting the stage for future innovations and expanded creator tools.  This milestone marks the shift away from a browser-based experience, replaced by a more stable, Unity-powered desktop client and the new Creator Hub, aligning with Decentraland’s vision for an interconnected metaverse.  “Today marks a new chapter for Decentraland. As virtual worlds take on a larger role…