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Stablecoin Economy Sees $3 Billion Drop: Leading USD Tokens Shrink as Euro-Anchored Projects Display Resilience
25.7.2023
The stablecoin economy continues to shrink, with more than $3 billion in value removed from today’s top stablecoin valuations in less than 40 days. The dollar-pegged tokens USDP and GUSD experienced the largest 30-day reductions, shedding 45.1% and 27.2%, respectively. Top Stablecoins...
Kids Won’t Be Able to Spend Mom’s Digital Ruble as They Wish, Russian Official Says
21.7.2023
The new form of Russia’s fiat, the digital ruble, will make spending more efficient for both government and family budgets, according to a high-ranking lawmaker. Anatoly Aksakov, who was involved in the recent adoption of the new digital ruble legislation, highlighted some of the advantages...
Andreessen Horowitz exec sees ‘promising paths’ for Web3 social platforms — EthCC 6
20.7.2023
Sriram Krishnan said that “the world of social media is stuck in a different era, and things need to change.”
July Sees Surge in Bitcoin NFT 'Ordinal' Inscriptions, Approaching 3.6 Million Monthly Mark
18.7.2023
Bitcoin Ordinal inscriptions volume has recorded a significant rise in July, with the month so far seeing nearly 3.6 million of them, pushing the total number to nearly 18 million.
According to Dune Analytics, following a somewhat calmer period in June, the inscriptions volume has jumped again...
Philippines Blockchain Council exec sees crypto adoption ‘snowballing’
17.7.2023
Blockchain Council of the Philippines’ Donald Lim believes that blockchain and Web3 projects have the “opportunity to flourish” in the country
XRP Price Prediction as Ripple CEO Sees Long Appeal Process for SEC in Lawsuit – Will the Decision be Overturned?
17.7.2023
The XRP price has gained by 4% in the past 24 hours, with the coin's move to $0.748896 representing a 60% gain in the last seven days.
This market-trouncing surge follows Ripple's success in its long-running legal battle with the SEC, with the presiding judge issuing a ruling last week which sided...
Ethereum Classic is on an uptrend; Tradecurve is set for another bullish price surge
17.7.2023
The cryptocurrency market is notoriously volatile, presenting risks and opportunities for investors. Recently, analysts noticed an uptrend in Ethereum Classic’s momentum while also focusing on Tradecurve, a rising presale star expected to surge in the upcoming week. These...
Blackrock CEO Larry Fink Says Crypto Will ‘Transcend Any One Currency’ — Sees Broad-Based Global Interest
17.7.2023
Larry Fink, the CEO of the world’s largest asset manager, Blackrock, says crypto is so international that it will transcend any one currency. Regarding Blackrock’s bitcoin exchange-traded fund (ETF) filing with the U.S. Securities and Exchange Commission (SEC), the executive stressed: “We...
IMF sees climate change, DAOs, CBDC as threats to Marshall Islands, urges reforms
11.7.2023
Entering the crypto economy is not a good idea for a country with “capacity constraints” and no central bank, the IMF thinks
Voyager Digital Sees $250 Million in Net Outflow Since Resuming Withdrawals
10.7.2023
Bankrupt crypto lender Voyager Digital has seen more than $250 in net outflow since it resumed withdrawals on June 23, a year after it filed Chapter 11 and halted withdrawals.
As per data from Dune Analytics, the platform currently holds $176 million worth of cryptocurrencies.
Voyager Digital...
ChatGPT sees traffic fall 10% in June after initial rush from users
7.7.2023
Despite the decline in traffic, ChatGPT still stays ahead of its AI chatbot competitors like Google’s Bard and Character AI
Blackrock Seeks to Democratize Crypto — CEO Says Bitcoin Can Hedge Against Inflation, Currency Devaluation
7.7.2023
Larry Fink, the CEO of the world’s largest asset manager, Blackrock, says bitcoin is an international asset and crypto can be used instead of gold to hedge against inflation, the onerous problems of any country, as well as currency devaluation. Blackrock, which has a near-perfect track...
Multichain MPC bridge sees $100M+ outflows, sparking fears of exploit
7.7.2023
Some Multichain contracts on Ethereum suffered withdrawals of more than half of their deposits, causing on-chain sleuths to fear an exploit is underway
Bitcoin Mining Activity Sees Huge Surge in UAE – Here’s the Latest
6.7.2023
Bitcoin mining companies have been looking for a suitable region to call home ever since they were forced to leave China.
Many of them are now eyeing the United Arab Emirates as a potential location to set up shop in, as the country started emerging as the crypto mining hub in the Middle East....
Crypto Twitter will see less exposure on Google due to rate limit slash
5.7.2023
Another impact of Elon Musk’s Twitter limits is lower search visibility on Google, according to SEO experts
Hut8 relocates 6,400 rigs, sees growth in AI & high performance computing
3.7.2023
Bitcoin mining firm Hut8 continues to relocate miners from idle North Bay site as demand for AI and high power computing drives new demand
Staked ETH reaches 20M milestone, DigiToads sees an influx of new investors
1.7.2023
Ethereum is one of the most demanded and traded cryptocurrencies of all time. In 2022, the Ethereum blockchain comprised more than half of the global decentralized finance (DeFi) market. It recently achieved another milestone after the number of staked ETH tokens crossed 20 million. Another...
NFT Sales Dip in June — Ethereum Dominates, Bitcoin Stumbles, and Bored Ape Rises
1.7.2023
In June 2023, the sales of non-fungible tokens (NFTs) experienced a decline of 4.3% compared to the previous month. The latest figures show a slide from $739.50 million recorded in May to $707.70 million in June. June 2023 Sees a Slip in NFT Sales Data from cryptoslam.io reveals that NFT sales...
Bitcoin Cash Hashrate Gains Momentum: Miners Flock to BCH as Profitability Surges
30.6.2023
Over the past two weeks, bitcoin cash has experienced a significant surge, increasing 182% against the U.S. dollar and attracting more hashrate to its network. Approximately 22 bitcoin cash mining pools are now allocating SHA256 hashrate to the chain as BCH is currently 2.7% more lucrative to mine...
First Leveraged Bitcoin ETF in U.S. Sees $4.2M in Trading Volume Since Debut
27.6.2023
The ETF saw $500 million worth of trades in the first 15 minutes