China News Today TheBitTimes.com

Cryptocurrency prices were mixed on Wednesday as some investors started to take profits after the strong US inflation report. Bitcoin was hovering around the resistance at $72,000 while Ethereum rose slightly.  Injective (INJ) and  Avalanche (AVAX) were some of the top-performing cryptocurrencies as they jumped by over 20%. The other gainers were coins like Near Protocol, Ordi, Celestia, Algorand, and THORChain.  Memeinator   also continued doing well as its token sale crossed the $6.4 million mark. Injective and Avalanche were top gainers Avalanche was one of the best-performing cryptocurrencies as it surged to its highest level since May 2022. At its peak, the coin was up by more than 550% from its lowest point in 2023.  Injective also made a strong bullish breakout as it jumped to its highest point on record. It rose to $52, making it one of the top-performing cryptocurrencies since it was trading at $0.64 in October 2020. This mea...

Recent reports have indicated that Elon Musk might be considering the transformation of X (former Twitter) into a modernized iteration of PayPal.  Previously, a major institution’s endorsement of Bitcoin (BTC), like that of PayPal in late 2020, played a pivotal role in initiating a bullish surge in Bitcoin prices , at the time propelling its value to nearly $70,000. The future of X According to Charles Gasparino, a correspondent at Fox Business News, Elon Musk is engaged in ongoing discussions with prominent Wall Street executives concerning the future of X.  SCOOP: @elonmusk continues to have conversations w top Wall Street executives on future of @X. Seems to be settling, they tell me, on a new fangled payment system, updated version of @PayPal. It will offer low transactions costs (as opposed to credit cards) & monetize user info — Charles Gasparino (@CGasparino) August 24, 2023 Sources suggest that Musk is leaning towards introducing an evolved payment sy...