Russia is using stablecoins to get around international sanctions and make payments. China, despite banning cryptocurrencies, is still exploring blockchain and digital currencies. The U.S. is worried about crypto being used to evade sanctions and may impose stricter rules. To counter trade disruptions, Russia is turning to digital assets like stablecoins for better cross-border payments….
Aave’s price has jumped 15% thanks to a new governance proposal and a potential fee switch. The fee switch plan aims to collect transaction fees and use them to buy back AAVE tokens. This strong upward trend and positive market sentiment suggest that AAVE could potentially reach $200. The price of Aave (AAVE), the governance…
As Bitcoin (BTC) approached $67,000 on Friday, the altcoin market, especially Ethereum (ETH), showed strong bullish signs. Many altcoins have been consolidating for several weeks, following a trend that started earlier this year. On-chain data reveals that institutional investors have been actively buying up altcoins, preparing for the expected peak of the crypto bull cycle….
Elon Musk has been publicly disowned by his transgender daughter, Vivian Jenna Wilson. The 20-year-old used the social media platform Threads to challenge her father’s recent controversial comments. She posted a screenshot of an old tweet from Musk where he claimed she was “born gay and slightly autistic,” a statement she strongly denied, calling it…
Citi analysts have upgraded Coinbase (COIN) to a ‘BUY’ rating, forecasting a potential 33% increase in its stock price, which could rise to $345. This optimistic outlook is largely due to improving regulatory clarity in the cryptocurrency sector. Currently trading at approximately $260, Coinbase’s stock is seen as having significant growth potential based on this…
The Cardano community is abuzz with excitement over the possibility of a Cardano exchange-traded fund (ETF), especially in light of the recent success of Ethereum ETFs in the U.S. Charles Hoskinson, the founder of Cardano, recently reacted to a tweet from Tap Tools, a platform for tracking tokens and NFTs on the Cardano blockchain. The…
XRP has been rising steadily over the past week, forming an ascending triangle pattern. It was trading around $0.60 during Thursday’s European session, down 0.2% in the last 24 hours. The market is hopeful as it awaits the SEC’s closed meeting on July 25, 2024, which might involve a Ripple-SEC settlement. Speculation about this settlement…
BlackRock’s Ethereum ETF has generated significant interest but faced outflows affecting Ethereum’s price. Analysts are watching how these changes impact crypto investment trends. The ETF launch has been volatile, with mixed market reactions. The current drop in Ethereum’s price might be temporary, and its long-term effects are still uncertain. BlackRock Ethereum ETF Sees Initial Surge…
A new 10-year analysis from Santiment shows that Litecoin and Dogecoin are top in altcoin adoption. Litecoin leads with 8.08 million non-empty wallets, showing strong investor interest, while Dogecoin has 6.69 million wallets, reflecting significant engagement despite being a meme coin. Litecoin also distinguishes itself by processing $2.85 billion daily in large transactions, highlighting its…
Ethena, the issuer of the USDe stablecoin, plans to invest some of its reserves into tokenized US Treasuries. In a governance update on July 16, Ethena revealed its intention to allocate $235 million in USDT stablecoin and $45 million from its Reserve Fund to real-world asset (RWA) products. This strategy is part of a growing…
Shibarium, the Ethereum layer-2 network supporting the Shiba Inu (SHIB) ecosystem, is on the verge of reaching a significant milestone. The network is approaching its 6,000,000th block, with only a few blocks left to hit this achievement. This progress highlights Shibarium’s ongoing development and resilience in the crypto space. Shibarium Nears 6M Blocks, Overcomes Challenges…
Shiba Inu (SHIB) has dropped by 13% over the past week, mainly due to issues with Shibarium, its layer-2 blockchain solution. While the short-term outlook for SHIB is bearish, some analysts are still hopeful about its long-term potential. Shiba Inu (SHIB), the popular meme cryptocurrency, has seen a notable 13% drop in value over the…
The troubled crypto exchange Mt. Gox transferred another large amount of Bitcoin on Wednesday, following recent BTC and BCH transfers intended for creditor repayments. This indicates that Mt. Gox is likely to continue moving significant amounts of Bitcoin throughout the week. In parallel, Kraken has begun distributing Bitcoin that it received from the Mt. Gox…
On Tuesday morning, a wallet connected to the Mt. Gox rehabilitation Trustee moved $3.2 billion worth of Bitcoin between different wallets, with some of it being sent to the digital asset exchange Bitstamp. This large transfer caused Bitcoin’s price to drop below $67,000 as investors reacted to the news. Mt. Gox Trustee Moves $3.2 Billion…
Today’s launch of spot Ethereum ETFs is a big event for the cryptocurrency market. With several new ETFs beginning trading in the U.S., there is a lot of excitement among crypto enthusiasts. They think these ETFs could draw more investors to Ethereum and offer a new investment opportunity in blockchain technology, which many believe has…
Jasmy’s president, Kazumasa Sato, took part in last year’s Japan Techno Economics Society (JATES) study group focused on sensors and data fusion. Jasmy is boosting its data security efforts and market expansion through partnerships with companies like Transcosmos, Toyota, Panasonic, and VAIO. The company leverages blockchain technology to offer decentralized data storage, which helps prevent…
After President Joe Biden announced he is stepping down from the 2024 race, Vice President Kamala Harris thanked him on X and expressed her goal to win the nomination. As the first female, Black, and South Asian Vice President, she could make more history. Let’s explore her career and possible running mates. Kamala Harris: A…
BNB Chain has burned 1.64 million BNB, valued at $971 million, which has boosted the token’s value. This quarterly burn reduces the supply of BNB, enhancing its scarcity and overall value. The $971 million burn underscores BNB Chain’s commitment to its tokenomics strategy. BNB Chain recently completed its 28th quarterly token burn, removing 1,643,698.8 BNB…
Donald Trump’s upcoming speech at the Bitcoin 2024 Conference could affect Bitcoin’s price, and an Ethereum ETF launching on July 23 might boost Ether’s value. Rumors that Michael Dell might also appear at the conference could further impact Bitcoin. Bitcoin has risen nearly 20% this month, reaching around $67,286, partly due to expectations that Trump’s…
The latest sensation on Telegram is the game “Musk Empire,” where players tap on an image of Elon Musk. This game has quickly amassed over 10 million users in just a few weeks. Along with the fun of tapping Musk’s face, players have a chance to earn some crypto, adding an extra incentive to join…