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Cryptocurrency asset flows for the week ending Aug. 4 indicated a downward trend, with $107 million in outflows, adding to a three-week negative streak totaling $134.8 million. The majority of the movement was attributed to Bitcoin (BTC), which accounted for $111 million in outflows. CoinShares’ “Digital Asset Fund Flows” weekly report suggests that the current
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PayPal’s recent launch of PYUSD, an Ethereum-based stablecoin, has generated mixed reactions within the crypto community. While some view it as a significant step towards mainstream adoption for Ethereum, others express concerns about the potential implications for decentralization and personal control of assets. PYUSD, also known as PayPal USD, was introduced on August 7 and
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Gala Games recently made an announcement about its plan to transition unsold and reserve NFT game items from the Ethereum network to its newly developed proprietary blockchain, GalaChain. This transition is expected to bring several advantages to gamers, including the ability to interact with their NFTs without having to pay Ethereum’s gas fees. Moreover, this
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Ripple, the widely-known cryptocurrency platform, has recently made a groundbreaking decision by becoming a member of the prestigious International Swaps and Derivatives Association (ISDA). This move aims to position Ripple as a key player in the derivatives market, which has a staggering valuation of $1.2 quadrillion. By joining the ranks of industry giants like J.P.
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In recent weeks, Bitcoin Cash (BCH) experienced a series of downward price movements, leading to a significant retracement of -27% since June 30. However, there has been a remarkable recovery with a +8.5% rally as holders strive to trigger a consolidation level. This strong display of resilience by BCH holders comes after facing rejection from
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Worldcoin, a global World ID verification project, has recently claimed that its demand doubled during the first week of its launch. Despite the initial regulatory challenges it faced across multiple jurisdictions, the release of new Orbs worldwide contributed to the surge in weekly verifications. This growth adds to the already high verifications rate the project
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