Chain News Daily Official TheBitTimes.com

A Japanese financial technologies (Fintech) firm is issuing the country’s first-ever yen-based stablecoin across several major blockchain platforms. JPYC Inc. says it’s launching JPYC, a yen-pegged stablecoin, on Ethereum (ETH), Avalanche (AVAX) and Polygon (POL). The stablecoin will aim to keep a 1:1 peg with the Japanese yen. In addition, the firm is announcing JPYC EX, the stablecoin’s official platform. According to a Reuters report, JPYC CEO Noritaka Okabe said in a press briefing, “We hope to spur innovation by giving startups access to low transaction and settlement fees. Increasing global interoperability would benefit us too, so we’re open to capital tie-ups.” According to a separate press release, the firm has plans to utilize JPYC for credit card payments and is currently bringing together plans to allow e-commerce payments with the new stablecoin. Last week, The Japan News reported that Japan’s Financial Services...

Avalanche price prediction shows AVAX surged 10.5% following FIFA’s blockchain partnership and also the $100 million Fusion initiative launch. The cryptocurrency jumped to $25.42, making it one of the top gainers right now as altcoin investments gain momentum from these strategic developments targeting real-world blockchain adoption. Source: CoinMarketCap Also Read: FIFA Signs Partnership With Avalanche (AVAX) to Build Its Own Blockchain How Avalanche’s FIFA Deal, Fusion Tech Drive AVAX Altcoin Hype Source: X FIFA officially selected Avalanche to power its dedicated blockchain network, and this represents a major shift in the sports organization’s Web3 strategy. This Avalanche price prediction catalyst comes as FIFA moves from fragmented blockchain platforms to a unified, purpose-built system that’s designed for its five billion global fans. “In order to achieve widespread adoption, our industry needs to shift from selling blockspace to delivering business value...

Avalanche has launched a new Visa card for cryptocurrency payments. According to the announcement, users can spend WAVAX (Wrapped AVAX), USDC (USD Coin), sAVAX (staked AVAX), and more wherever Visa cards are accepted. JUST IN: Avalanche $AVAX releases Visa card for cryptocurrency payments. — Watcher.Guru (@WatcherGuru) October 22, 2024 The Impact of Avalanche’s New Visa Card on Cryptocurrency Adoption Source: Securehindi The development marks a significant milestone for the crypto sector. The card’s launch may help promote more practical use of cryptocurrencies, leading to more companies offering cryptocurrency card services. Also Read: Top 3 Cryptocurrencies Owned By Elon Musk More About The Avalanche Card According to the website, Rain Liquidity, a financial technology company, offers the card. Users can choose between physical and virtual cards. The website also notes that the Avalanche Card is not a bank and is FDIC-insured. The card works like a credit card, but u...

Avalanche (AVAX) experienced a healthy rally last weekend. The asset is up 1.8% in the daily charts, 5.8% in the 14-day charts, 3.6% over the previous month, and 203.4% since October 2023. Despite the gains, the asset is down 2.6% in the weekly charts. Also Read: US Stocks: GoDaddy Emerges A New Breakout Share: Should You Buy GDDY? Source: CoinGecko Why Is The Cryptocurrency Rallying? The recent rally could be due to Bitcoin (BTC) briefly surpassing the $69,000 mark, which was also the result of BlackRock’s $1.17 billion purchase. Another reason that may have pushed AVAX’s price is the upcoming US Presidential elections. Market analysts anticipate a market-wide rally if Donald Trump takes charge of the Oval Office. Also Read: Bitcoin: BlackRock Buys $1.17 Billion Worth BTC, Price Jumps 7% October has historically been a bullish month for the cryptocurrency market. 2024 seems to follow the same trend, with the market witnessing a healthy rebound after the dip earlier this mon...