An Era of Cooperation Begins as Decades-Old Conflict Resolved

PANews reported on October 16th that, according to The Block, digital advertising technology company Thumzup Media (ticker: TZUP) announced on Wednesday that it will explore integrating Dogecoin (Dogecoin) as an alternative payment mechanism for users of its Thumzup app. The company's platform allows users to earn cash rewards by sharing authentic content about advertisers' products. The company claims that introducing Dogecoin as a reward option will enable Thumzup to bypass traditional banking channels, reduce transaction costs, and enable near-instant settlement of small cross-border payments. Any rollout of this Dogecoin service will be phased in and dependent on successful technical validation, regulatory guidance, and the results of pilot testing. As of September 30, Thumzup held approximately 19 Bitcoin and 7.5 million Dogecoins in its reserves. Thumzup's board of directors previously authorized the company to "strategically expand" its reserve strategy to include mainstream cryptocurrencies such as Litecoin, Solana, Ripple, Ethereum, and USDC, in addition to Bitcoin and Dogecoin.

PANews reported on October 16th that, according to The Block, Ethereum finance company ETHZilla Corporation (ticker symbol ETHZ) announced a 1:10 reverse stock split, reducing the number of outstanding shares, expected to take effect on October 20th. The move is intended to push ETHZ's Nasdaq-listed share price above $10 to attract large mutual funds with "minimum share price thresholds." That day, ETHZ's share price fell over 7%, trading at approximately $1.77. In a Wednesday announcement, the company stated that the split is part of expanding institutional investor participation, providing investors and large financial institutions with access to collateral and margin availability at a share price above $10, independent of exchange listing requirements. The split was approved by a special shareholders meeting on July 24. The company, formerly 180 Life Sciences Corp., changed its name to ETHZilla in August after receiving backing from Peter Thiel's Founders Fund.

Ethereum (ETH) is facing a downward momentum with a decline in its value. But the token is also showing potential for a strong trend reversal. Its price has decreased 3.93% over the last 24 hours and 14.65% over the last week. At the time of writing, ETH is trading at $4004, supported by a market […]