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Nigerian Currency Plunges to New Low Versus the USD, Central Bank Governor Says Naira is ‘Undervalued’
28.1.2024
The Nigerian currency reportedly plunged to a new low versus the U.S. dollar on the official market on Jan.25. Central Bank governor Olayemi Cardoso has said the naira is currently “undervalued” and that efforts are underway to rectify this. Official and Parallel Market Exchange Rates...
Bitcoin at crucial level $40k; What’s Next: Bullish or Bearish?
25.1.2024
Not much time has passed since the first-ever Bitcoin ETFs were approved in the US. Contrary to the consensus, the approval has not boosted BTC’s price off the charts. Instead, the biggest crypto in the world is struggling near its one-month low. Bitcoin is hovering at the crucial $40,000 mark,...
BitTorrent loses momentum, making $1 unlikely
23.1.2024
BitTorrent has reportedly lost its momentum, and there is a lower chance for its native token, BTT, to touch the milestone of $1. However, experts say that it could soon register a correction of 30%. The last time it noted a massive rise was in December last year, 2023, when the valuation jumped...
Cardano shows resilience amid market downturn, eyes $1 in 2024
23.1.2024
As the euphoria that has driven the crypto market fades, huge names like Cardano are becoming sluggish. ADA is trading around $0.4825, with a 3.23% dip in the past 24 hours. The crypto has lost over 9% value in the past week alone. Despite the dip, Cardano has not stopped its market advancements...
Bitcoin slides under $41k, Sparking debate on future trajectory
23.1.2024
Bitcoin prices were once at $65k, making BTC the most dominant token across the globe. While Bitcoin continues to dominate the sphere, the same cannot be said about its valuation. It did touch the mark of $48,000 on January 11; however, since then, it has lost almost $7,000 of weight on the board....
China's Currency Woes to Weigh on Bitcoin: Crypto Observer
22.1.2024
Measures taken by the People's Bank of China to cushion yuan against the stock market slide could weigh over bitcoin's price
Cardano price reversal targets $0.70 breakout, Aiming for the coveted $1 mark!
22.1.2024
The market is currently going through a rough period, and that is reflected in the price of Cardano (ADA), which has been falling steadily since the SEC approved Bitcoin ETFs. This wasn’t exactly unexpected, as many experts predicted a ‘sell the fact’ reaction after the approval. This did come...
Covalent (CQT) Announces $5 Million in Grants to Support Frontier Web3 Technologies
22.1.2024
Covalent, a leading name in the blockchain and cryptocurrency industry, is excited to announce its groundbreaking initiative, the Covalent Grants Program. This program is designed to provide substantial incentives, with grants of up to $25,000 USD, to visionary developers and emerging startups...
Bitcoin Price Prediction: BTC Drops to $41,000 Amid $4B ETF Surge and USD Dominance Concerns
22.1.2024
In the dynamic realm of cryptocurrency, Bitcoin (BTC) has experienced a notable shift, currently trading at $41,068, marking a 1.70% decrease on Monday. This change occurs amidst significant developments in the crypto landscape, including the remarkable growth of Bitcoin ETFs, which have swiftly...
Morgan Stanley Sounds Alarm on US Dollar’s Dominance — Says Crypto Could Significantly Alter Currency Landscape
22.1.2024
Morgan Stanley has warned about the risk of the U.S. dollar losing its dominance, fueled by growing interest in digital assets, including bitcoin. Emphasizing that the U.S. dollar’s dominance “is being increasingly scrutinized,” the investment bank stated: “A clear shift towards reducing...
FDUSD Market Cap Skyrockets by $1 Billion in 2024, Clinching Top 4 Stablecoin Spot
21.1.2024
According to statistics, the stablecoin crypto asset FDUSD has seen its market capitalization grow by $1 billion since the start of the year. Presently, the supply stands at 2.614 billion FDUSD after witnessing a 45.7% supply increase in 30 days. FDUSD’s Market Cap Swells from $1.6 Billion...
New ERC-20 token, decentralized and scarce, to yield $220 per $10 invested
19.1.2024
A groundbreaking token has emerged with a dual purpose – slashing costs associated with cross-chain fees and providing a secure haven for storing wealth on the Ethereum Blockchain. As it gains momentum in its presale phase, the Mollars token is captivating the attention of investors seeking...
Bitcoin's ‘De-Dollarization’ Narrative Loses Ground As USD Tightens Its Grip on International Transactions
17.1.2024
The crypto market's de-dollarization expectations look premature as the greenback remained the preferred currency in international transactions in 2023
Circle Report Shows USDC Navigating Challenging Waters in 2023
17.1.2024
Despite a challenging 2023 with a substantial decline in circulating supply, a Circle report claims USDC emerges resilient, experiencing a surge in real-world applications and a decrease in speculative trading. A Resilient Year for USDC Amidst Market Shifts Circle, the issuer of the USD Coin...
After a $3.3M attack, SocketDotTech Protocol releases statement
17.1.2024
Socket recently released an official statement addressing its security incident. The protocol experienced a 3.3 million-dollar attack recently. The tweet by Socket stated that the team has identified the issue and has already paused the affected contracts. The protocol also assured users that...
VanEck ceases multi-currency trading in USD for select ETPs
12.1.2024
VanEck announced the cessation of USD multi-currency trading for a subset of Exchange Traded Products (ETPs). Among these are VDOT, VBTC, VETH, and VSOL. Although they are not listed for trading on the SIX Swiss Exchange, they are available for purchase in USD and EUR on Euronext Amsterdam, Xetra...
Exness averages $3.7T in trading volume for 2023
12.1.2024
December marked a time when activities in the trading market were low due to the holiday season. It affected liquidity to some extent, and traders were mostly on the lookout for some break from volatility that they would otherwise come across. However, Exness had a different story ongoing that...
Stablecoin Issuer Circle Plans to Go Public, Files Confidentially With US Securities Regulator
11.1.2024
Circle Internet Financial, a fintech company and issuer of the stablecoin usd coin, has disclosed its move toward an initial public offering (IPO). The firm revealed that it has confidentially submitted a Form S-1 with the U.S. Securities and Exchange Commission (SEC). This strategic step by Circle...
USDC Stablecoin Issuer Circle Confidentially Files For IPO
11.1.2024
Source: AdobeStock Circle Internet Financial – the issuer of the world’s second-largest stablecoin, USD Coin (USDC) – has quietly filed for an initial public offering (IPO) with federal regulators. Their IPO registration follows a series of historic approvals by the Securities and Exchange...
PYUSD’s 30-Day Surge of 72% Vaults Paypal’s Offering Into USD Stablecoin Top Ten
11.1.2024
Over the last month, the supply of Paypal’s PYUSD stablecoin has seen a substantial increase, surging by over 72% from 167.83 million to 289.43 million PYUSD. This significant growth has propelled the payment behemoth’s dollar-linked digital currency to become the tenth largest among...