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Cryptocurrency News Articles
Qubetics Revolutionises Financial Transactions with Blockchain Solutions and Token Customisation
Oct 07, 2024 at 03:09 pm
Qubetics ($TICS) has made an impressive market entry, surpassing the $1 million mark in just 24 hours of its presale launch.
Qubetics ($TICS) has made an impressive entry into the cryptocurrency market with its presale launch, attracting attention for its innovative blockchain solutions. The project aims to revolutionise digital transactions by providing efficient management of large volumes and seamless cross-border settlements for banks and financial institutions.
Its platform promises near-instant cross-border settlements, ensuring speed for global transactions. For financial institutions, this translates into faster and more cost-effective processes, allowing businesses and individuals to benefit from quicker access to funds. Moreover, this ensures ease of business for companies that rely on fast settlements to manage cash flow. For consumers, it could mean quicker remittances without the delays typically experienced in traditional banking systems.
Qubetics Network also partners with banks and institutions to create and deploy its native tokens. This allows financial entities to maintain control over their tokens’ functionality, including how they are used and distributed. These tokens could be leveraged for various purposes, such as internal settlements, customer rewards, or even specialised financial products tailored to their specific needs.
The platform also offers a smart contract system that manages the trading of these native tokens. Through these contracts, Qubetics can stabilise token prices by limiting price fluctuations. This could provide predictability and security for financial institutions concerned with the volatility often seen in cryptocurrency markets. The inclusion of smart contracts for trading control is a key advantage for those requiring a stable medium for high-value transactions.
Qubetics appears well-positioned to capitalise on the growing demand for blockchain solutions, especially within the financial sector. Its focus on speed, cost reduction, and token customisation could make it an attractive choice for banks looking to modernise their international transaction processes. Meanwhile, the project is currently in the second phase of its presale, with over 114 million TICS tokens sold. With a price increase expected in the next phase, investors can capitalise on the current token price of $0.012 ahead of a 10% increase at the weekend.
In other crypto news, Cardano's (ADA) price trend increased modestly by 2.27% in the most recent intraday session. This uptick follows CEO Charles Hoskinson’s comments regarding the reopened Ripple vs. SEC case, which he believes could reshape the regulatory landscape for securities.
This recent upward movement contrasts with last week’s decline, driven by geopolitical concerns, though Cardano remains 14.32% lower than last Friday. The positive shift is also mirrored by a 7.03% decrease in trading volume, now at $303.8 million. Month-to-date, Cardano has seen 19 days of positive trading, suggesting market volatility may stabilise.
Aave's (AAVE) price rallied 4.38% on Friday to trade at $146.28. This price increase follows Grayscale's announcement of a new investment fund that will focus on the AAVE token.
AAVE’s price has risen 4.38% to $146.28, rallying on news of Grayscale's new investment fund, which will focus on the AAVE token. It trades 87.84% above its 200-day SMA of $78.04. Aave's market cap stands at $2.3 billion, making it the leading cryptocurrency lending platform by total value locked (TVL).
Moreover, Aave‘s market outlook is currently positive, backed by 25 bullish technical indicators. Aave is a decentralised lending platform built on the Ethereum blockchain. It allows users to borrow cryptocurrencies by using other tokens as collateral. It also enables users to lend their crypto assets and earn interest.
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- EigenLayer Announces Isolated Exploit Resulting in Loss of 1.6M EIGEN Tokens Worth $5.5M
- Oct 07, 2024 at 06:25 pm
- Ethereum restaking protocol EigenLayer announced there was an "isolated" exploit of an investor's token transfer, resulting in the loss of over 1.6 million EIGEN tokens worth some $5.5 million.