In July, the total stablecoin market capitalization experienced a growth of 2.11%, reaching an impressive $164 billion, as reported by CCData. This continuous upward trend has been ongoing for the past ten months, with major stablecoins increasing their market dominance to 6.93%. Tether, the leading stablecoin in terms of market cap, saw a 1.61% increase
Crypto
The cryptocurrency market experienced significant turbulence this past week, with Bitcoin plummeting by ten thousand dollars within a matter of days. The rollercoaster ride began with a promising start as Bitcoin surged by $3,000 on Monday, reaching $70,000 for the first time in months. This sudden upward movement was attributed to remarks made by former
Recent developments in the cryptocurrency market, particularly concerning Bitcoin, have left investors and enthusiasts reeling. The price of Bitcoin has taken a significant hit, dropping below $60,000 for the first time in weeks. This downward trend has also impacted altcoins, with Ethereum (ETH), Solana (SOL), Dogecoin (DOGE), and Bitcoin Cash (BCH) all experiencing notable losses.
California’s Department of Motor Vehicles (DMV) has taken a significant step towards modernization by digitizing 42 million car titles using the Avalanche (AVAX) network. This collaboration with software development firm Oxhead Alpha aims to streamline the state’s title transfer process, eliminating the need for in-person office visits. The upcoming mobile application, set to launch early
Nader Al-Naji has found himself in hot water with both the US Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) for allegedly orchestrating a fraudulent crypto asset scheme involving BitClout and its native token BTCLT. The allegations state that Al-Naji raised a staggering $257 million through unregistered offers and sales of BTCLT
Bitcoin’s price recently experienced a notable decrease after breaking down the $64K support level. This has put the price in a crucial area that could potentially determine the mid-term fate of the crypto market. On the daily chart, the price has been on a downward trend since forming a double top pattern at the $68K
The recent discoveries made by on-chain investigator ZachXBT have shed light on the involvement of convicted UK hacker Gurv in the cyber compromises of American actress Sydney Sweeney and ‘Breaking Bad’ actor Bob Odenkirk. These incidents resulted in over $530,000 being stolen through Solana meme coin scams. On July 2nd, Sydney Sweeney fell prey to
Bitcoin (BTC) miners are experiencing a boost in profitability, which could potentially lead to a decrease in selling pressure from this group of market participants. Following Bitcoin’s rally to $69,000, the cryptocurrency’s hashrate has seen a recovery, now only 3% lower than its all-time high compared to 8% on July 9. This resurgence in hashrate
The recent economic uncertainty in the United States has had a significant impact on the cryptocurrency market, particularly on the price of Bitcoin. In the past day, Bitcoin’s price experienced a sharp decline, dropping to $60,500 for the first time in almost three weeks. This downward trend was mirrored by several other altcoins, with assets
Bitfarms, a Toronto-based Bitcoin mining company, recently reported that its operational hash rate reached an impressive 11.1 EH/s by the end of July. This marked a significant 109% increase compared to the previous year, showing the company’s continuous growth and development in the industry. Additionally, there was a 7% rise in hash rate month-over-month, with
