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DAI drives Ethereum stablecoin volume to record highs in April


In the last few months, there has been a noticeable boost in the number of stablecoin transactions on the Ethereum blockchain compared to other months. This surge was most noticeable in April when it broke its all-time activity record. Flash loans, typically excluded from financial data...

First quarter crypto deals raise $2.5bn, a ‘lacklustre’ 29% gain


The cryptocurrency industry has suffered a plunging situation for three quarters in a row, but has remarkably made a comeback. In Q1, a year ago, a record number of crypto companies raised about $2.5 billion in venture capital. This represents a massive leap of 29% in financial investment, as well...

Bitcoin Technical Analysis: Bulls Challenge Upper Resistance


Bitcoin’s price movement on May 6, 2024, showcases a complex dance of volatility and potential, captured vividly across various time frames and technical indicators. With an intraday range swinging from $63,657 to $65,489, traders grapple with a trading landscape rife with both uncertainty...

Ripple CEO Backs Ethereum and admits ETH or XRP are not securities


In a significant development within the cryptocurrency sphere, Brad Garlinghouse, the CEO of Ripple, has openly expressed his support for Ethereum while vehemently denying assertions that both Ethereum (ETH) and Ripple’s XRP token qualify as securities. Garlinghouse’s remarks come at...

Study reveals bots and big traders dominate stablecoin transactions


A recent study has shed light on a startling trend within the cryptocurrency market, most transactions involving stablecoins are driven not by genuine users but by automated trading bots and large-scale traders. The findings, which raise questions about the true nature of stablecoin usage and...

Crypto CEO’s final verdict: From 25 Years to 4 Months


The conflict between two leading cryptocurrency figures, Changpeng Zhao, the CEO of Binance, and Sam Bankman-Fried, the CEO of FTX, is finally over, as shown by two significant court rulings in the USA. Zhao’s four-month imprisonment in Seattle brought an anticlimactic conclusion to their...

Analysts: Gold Rush In China Is Propping Prices Up


The interest and high demand for gold products in China is one of the factors that is propping the price of the precious metal up in international markets. Several analysts believe that the loss of confidence in traditional investment options in China, and the geopolitical factors and U.S....

How Monero Safeguards gamers’ financial transactions?


As video games have continued to advance in the twenty-first century, in-app purchases and microtransactions have exploded onto the scene. By picking up these add-ons, players can receive various digital goods or augmentations to help bolster their gaming experience. But with convenience comes...

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