Does rising dominance of Tether pose risks to the crypto market?


Stablecoins are unique crypto coins specifically known for their peerless stability in their values. One of the best examples of the most popular stablecoins out there is Tether, which has grabbed the attention of worldwide investors due to its unique value stability. However, Tether’s value...

Crypto Miner Phoenix Group Reports 50% Jump in Net Income


UAE-based blockchain mining firm Phoenix Group said it has seen a 50% growth in net income and a “substantial increase” in year-on-year sales following its initial public offering (IPO) on the Abu Dhabi Stock Exchange. In an announcement, Phoenix Group said sales experienced a surge of...

Bitcoin price soars by 20% in 7 days – Time to buy Bitcoin?


With an amazing week behind it, Bitcoin is now trying to maintain the $50,000 resistance so it can continue building momentum. Investor activity has also drastically increased as BTC pumps usually lead to bull runs in the market. The only question is – which token will benefit most from Bitcoin’s...

Stakewithus launches native ETH staking product, eth.stakewith.us


Stakewithus recently launched its native ETH staking product called eth.stakewith.us. The product was announced on the official X/Twitter account of Stakewithus. Stakewithus announced the soft launch of a new product to honor the 5th anniversary of the platform. In order to attract clients,...

Gary Gensler clarifies crypto stance post-Bitcoin ETF approval


Gary Gensler, the SEC Chair, recently interacted with the media and clarified the Commission’s stance concerning Bitcoin and other cryptocurrencies. For reference, Spot Bitcoin ETF applications were approved on January 10, 2024, sparking speculation that more crypto ETFs would make their...

BlackRock’s daily volume for BTC ETF peaks at $720 million


BlackRock is expected to close the market at a total volume of $5 billion. The predicted estimate is based on the number for February 14, 2024, when IBIT—that is, iShares Bitcoin Trust—bagged a daily volume worth $720 million. That is the highest figure since the time of the launch of IBIT....

AltLayer launches SDK for zkSync hyperchain deployment


AltLayer, a pioneering decentralized platform that allows rollup network building in collaboration with smart contract development giant Matter Labs, has finally been revealed, marking another significant success for the cryptocurrency and blockchain industries. By integrating Matter Labs’...

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