The Open Network (TON) has recently achieved a remarkable feat in the crypto sphere, reaching 100 million unique wallet addresses with non-zero balances. This milestone demonstrates an astonishing 95% increase in active users since the beginning of the year, which stood at a meager 4.3 million. This growth can be attributed to the effective integration
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In recent years, Solana has established itself as a frontrunner in the blockchain gaming sector, characterized by its remarkable speed and cost-effectiveness. As a platform, it has embraced the significant shifts in gaming, particularly the rise of the Web3 paradigm, which integrates decentralization, NFTs, and innovative economies into the gameplay. This new frontier in gaming
On October 7, the cryptocurrency market experienced a shocking and rapid decline in the value of Bitget’s native BGB token, which plummeted from $1.15 to $0.5344 within a mere ten minutes. Such extreme volatility created immediate alarm among traders and investors. The event unfolded around 02:58 UTC, with the token’s value suffering a staggering 56%
Scott Matherson has emerged as a leading voice in cryptocurrency journalism, with his insightful contributions at NewsBTC making him a key player in the crypto media landscape. With a background that encompasses diverse industries from banking to investment, Matherson possesses a unique perspective that allows him to navigate the complexities of the cryptocurrency world easily.
Despite recent price stagnation, the sentiment surrounding Cardano remains largely optimistic among crypto experts. Currently trading below the $1 threshold, the platform is viewed not as a declining asset, but rather as one poised for a significant surge. Analysts believe that Cardano could soon experience a breakout reminiscent of its performance during previous bull markets.
In the ever-evolving landscape of digital asset investments, recent metrics indicate a cautious sentiment among investors. Over the past week, investment products in digital assets experienced modest outflows amounting to $147 million. This development comes on the heels of unexpectedly robust economic data, which has tempered earlier speculations regarding substantial interest rate cuts. Such macroeconomic
In a significant progression for the digital asset landscape, the United Arab Emirates (UAE) has taken a decisive step by exempting cryptocurrency transactions from value-added tax (VAT). This anticipated amendment, effective from November 15, 2024, marks a pivotal shift in the adoption and acceptance of digital currencies within the region’s financial ecosystem. The change is
In a pivotal move, Binance has announced its plans to convert specific delisted cryptocurrency holdings into USDC by a designated deadline of April 28, 2025. This initiative primarily affects users holding assets in several cryptocurrencies that have recently been removed from the platform, including Tornado Cash (TORN) and OMG Network (OMG). The company has also
In a rapidly evolving financial environment, the European Union (EU) stands at a crossroads. With digital assets and distributed ledger technology (DLT) on the rise, there is a pressing need for Europe to transform its fragmented capital markets into a unified, efficient system. Piero Cipollone, a prominent member of the European Central Bank (ECB) Executive
The landscape of cryptocurrency investment is on the cusp of transformation, particularly with the anticipated introduction of options for spot Bitcoin ETFs. A recent discussion featuring Jeff Park, the head of Alpha Strategies at Bitwise Investments, reveals the complexities and ramifications that accompany this shift. As institutional avenues for trading Bitcoin continue to evolve, understanding
