By Shikha Singh
Robinhood Expands Into Bitcoin & Ether Futures Amid Broader Derivatives Push.
Robinhood plans to support bitcoin and ether futures as part of its expansion into derivatives trading, announced during the HOOD Summit.
Active traders will have access to the new offerings on a desktop platform named “Robinhood Legend.”
The decision was driven by customer demand and will allow trading in various assets, including cryptocurrencies.
Bitcoin’s 95% Active Addresses Turn Profitable.
Bitcoin (BTC) has surged over 10% in the past week, crossing the $67,300 mark with a 2% increase in the last 24 hours.
Currently, 95% of Bitcoin addresses are in profit, totaling over 51 million, indicating strong market engagement and bullish sentiment.
Increased short liquidations, which liquidated over $118 million in 24 hours and impacted nearly 44,000 traders, are to blame for the recent price rise. Furthermore, the U.S. witnessed a substantial inflow of $555.9 million.
Bitcoin ETFs have further boosted investor confidence. Despite some price corrections, Bitcoin is trading around $67,450, reflecting a 1% gain in the past day.
Nansen Integrates Solana Analytics, Touts Memecoin Alpha.
Nansen, the blockchain analytics platform, has officially launched support for the Solana blockchain, offering advanced tools for tracking wallet movements, monitoring token balances, and exploring Solana’s DeFi and NFT ecosystems. Co-founder Alex Svanevik emphasized that integrating Solana was a significant challenge due to its technical differences from Ethereum, including data volume and format.
XRP Ledger (XRPL) to Get Major DID Upgrade Soon.
The Decentralized Identifier (DID) amendment, a significant update to the XRP Ledger (XRPL), will go into effect on October 30.
This amendment aims to align XRPL’s DID operations with World Wide Web Consortium standards and introduces features like “DIDDelete” for removing DIDs and “DIDSet” for creating or updating them.
Stellar Partners With Mastercard For Safer Crypto Transactions.
At Meridian 2024 in London, the Stellar Development Foundation announced a partnership with Mastercard to enhance the safety and reliability of crypto transactions through Mastercard’s Crypto Credential solution.
This system verifies interactions between consumers and businesses in the crypto space, allowing users to send money internationally using just the recipient’s email address while ensuring compliance and security.
AI-Powered Surveillance Ensured for Prayagraj Maha Kumbh Devotees’ Safety.
The Uttar Pradesh government is implementing a cutting-edge AI-powered surveillance system for the Maha Kumbh, scheduled from January 14 to February 26, 2025, in Prayagraj. The government will install more than 2,750 CCTV cameras, including AI-enabled units, throughout the city and link them to a central control room for real-time monitoring.
Yogi Adityanath, the Chief Minister, has emphasized the need to complete all preparations by December 15 in order to enhance security for the anticipated 25 crore devotees. The system will alert authorities to suspicious activities and manage crowds effectively.
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