Can JustLend DAO’s buyback program pull JST out of its downtrend?

The post Satoshi Upgrades By Stacks Set To Change Bitcoin Into Authentic Global Financial Cash appeared on BitcoinEthereumNews.com. Stacks blockchain has announced major upgrades to its infrastructure through ‘Satoshi Upgrades’, aiming to transform the Bitcoin trade in the global financial ecosystem. The upgrade package brings self-custodial sBTC support, allowing users to make use of the full potential of applications based on Web 2 on the basis of taking the risk with their assets. It is a crucial change that may allow the dormant capitalism to release trillions of dollars currently tied up in Bitcoin as an idle form of store of value. Self-Custodial sBTC – Providing Users With Control and Dynamic Utility Apart from the major updates around the corner, one selling feature of Satoshi Upgrades by Stacks is the full self-custodial sBTC solution. Moreover the asset provides you with the  and the possibility of it to combat entry barriers of one of the most critical obstacles to the popularization of Bitcoin DeFi. In contrast to existing wrapped Bitcoin designs where third-party custodians direct users to trust the security of their implementation, creating Stacks products means that individual users can be able to program Bitcoin as they themselves think it should, and that best practices in cryptography and security are not violated. Its technical architecture is based on the special consensus mechanism provided by Stacks which pegs itself directly on the blockchain of Bitcoin. This forms a minimal trust bridge between the base layer of Bitcoin and the smart contract functionality. This design allows seeking the unavailability of the single points of failure which were characteristic of other Bitcoin Layer 2 solutions in addition to institutional-grade security. Growing Ecosystem Adoption and Institutional Infrastructure Stacks has positioned itself strategically to institutionalize the capture of Bitcoin capital by selling its broad and wide stretches of custody provider partnerships. A number of custody providers have already been onboarded to support sBTC,…

The post Gold price in Pakistan: Rates on October 20 appeared on BitcoinEthereumNews.com. Gold prices rose in Pakistan on Monday, according to data compiled by FXStreet. The price for Gold stood at 38,917.76 Pakistani Rupees (PKR) per gram, up compared with the PKR 38,779.00 it cost on Friday. The price for Gold increased to PKR 453,929.20 per tola from PKR 452,310.70 per tola on friday. Unit measure Gold Price in PKR 1 Gram 38,917.76 10 Grams 389,160.30 Tola 453,929.20 Troy Ounce 1,210,479.00 FXStreet calculates Gold prices in Pakistan by adapting international prices (USD/PKR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly. Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government. Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves. Gold has an inverse correlation with…

The post Fed expected to cut rates by 25 bps, Bitcoin and Ethereum steady appeared on BitcoinEthereumNews.com. News Jenny Johnson predicts a 25 basis point Fed rate cut, citing strong wage growth and retail sales despite sticky 3% inflation. Scott Melker expects a cautious 25 basis point cut, with Powell’s speech focusing on data driven decisions. Bitcoin and Ethereum are steady, but a hint of more cuts by year-end could spark a market rally. The Federal Reserve announced its interest rate decision. On CNBC, Jenny Johnson, the CEO of Franklin Templeton, shared her take, betting on a small 25 basis point rate cut rather than a bigger 50 basis point one. She mentioned recent job numbers that show a softening labor market, but she thinks those figures are old news. Instead, she pointed to strong wage growth and growing retail sales, which show people are still spending despite inflation hanging around 3%. What’s Driving the Fed’s Next Move Johnson feels a 25 basis point cut is the smart play for Fed Chair Jerome Powell. She noted there’s room to cut rates more in October or December if the economy calls for it. The economy looks solid, she said, but Powell’s comments at Jackson Hole about a weaker job market mean no rate cut isn’t an option. Market expert Scott Melker agrees, expecting a cautious 25 basis point cut, with Powell likely to stress that future moves depend on data without promising more cuts soon. Meanwhile, former President Donald Trump is pushing for a larger cut. Bitcoin, Ethereum, and other cryptocurrencies are holding steady as investors wait for Powell’s speech. Analyst Kevin Capital says the market already expects the cut, but if Powell hints at more cuts by year-end, we could see a rally. Everyone’s watching to see what Powell says next. Source: https://thenewscrypto.com/fed-expected-to-cut-rates-by-25-bps-bitcoin-and-ethereum-steady/