In the dynamic world of cryptocurrencies, meme coins often experience dramatic fluctuations, and Shiba Inu (SHIB) is no exception. Recently, Shiba Inu exhibited a notable resurgence after a period of relative stagnation. The coin’s price soared, achieving a multi-month high of over $0.000033, allowing it briefly to reclaim its position within the top ten altcoins
Crypto
Stablecoins have emerged as a fascinating financial instrument, currently boasting a market capitalisation of under $200 billion. This figure starkly contrasts with the vastness of global financial transactions, equating to merely 1% of the United States’ money supply (M2) and foreign exchange (FX) dealings. Recently, a comprehensive report by Standard Chartered and Zodia Markets has
November 2024 marked a significant moment in the realm of cryptocurrency security, with hacks accounting for a staggering 99.96% of observed losses. This highlights a shifting landscape where traditional methods of fraud, such as rug pulls, have dwindled to a mere $25,300 across just two separate incidents. This shift raises essential questions about the evolving
In a recent development that has raised eyebrows in the cryptocurrency community, American exchange Coinbase announced it will discontinue rewards for holders of the USD Coin (USDC) stablecoin in the European Economic Area (EEA) effective November 1. This action stems from impending regulations surrounding e-money tokens, which are set to be influenced by the forthcoming
The recent situation surrounding the importation of Antminer ASIC miners by the US Customs and Border Protection (CBP) reflects a significant tension in the intersection between technology, regulation, and international trade. It has come to light that several shipments of Bitmain’s Antminer models have been detained at various ports, including major hubs such as San
The cryptocurrency sector has entered a dynamic and somewhat unpredictable phase that is capturing the attention of investors and analysts alike. In recent days, alternative cryptocurrencies, commonly referred to as altcoins, have been exhibiting notable growth, challenging Bitcoin’s long-held dominance. As of now, Bitcoin is stabilizing around the $97,000 mark, with the total market capitalization
In recent weeks, Cardano’s native cryptocurrency, ADA, has experienced a remarkable revival, showcasing an impressive 180% price increase that has brought it back above the dollar mark. This turnaround has been accompanied by notable shifts in investor sentiment and market behavior, particularly among significant holders or “whales.” These developments could signal a sustained bullish trend
In recent months, the world of stablecoins has experienced a remarkable resurgence, marking a new phase in the crypto landscape. The increased activity in this sector is driven primarily by two giants: Tether (USDT) and USD Coin (USDC). As highlighted in a recent Bloomberg report, the market capitalization of stablecoins has surged by an impressive
Vancouver Mayor Ken Sim is initiating a groundbreaking approach aimed at integrating Bitcoin (BTC) into the city’s investment strategy. By doing so, Sim hopes to transform Vancouver into a crypto-forward city that embraces innovation and diversification in its financial operations. The proposal, titled “Preserving the city’s purchasing power through diversification of financial resources: Becoming a
The cryptocurrency market has undergone significant transformation over recent years, shifting from a niche tech curiosity to a major financial asset class. This evolution has spurred various investment vehicles, with exchange-traded funds (ETFs) emerging as a popular choice among investors. ETFs offer a convenient way to invest indirectly in volatile assets like cryptocurrencies, providing exposure
