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
Ethereum, one of the leading cryptocurrencies, currently finds itself at a pivotal crossroad as it confronts a crucial resistance level at $3,659. The market’s prevailing momentum appears to be faltering, giving rise to an era of uncertainty that echoes through the broader blockchain and cryptocurrency landscape. As traders and investors observe Ethereum’s behavior so closely,
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 the world of cryptocurrency, Bitcoin (BTC) remains a prominent figure laden with volatility and speculative potential. After recently climbing to an all-time high (ATH) of $99,645, Bitcoin has entered a phase of consolidation, hovering around the critical $90,000 support zone for about ten days. This article will delve into the current state of Bitcoin,
In a rapidly evolving digital landscape, LINE Corporation, the Japanese messaging behemoth, is taking significant strides into the realm of blockchain technology. With plans to unveil an impressive array of 30 mini-decentralized applications (dApps) throughout 2024, LINE is not merely dipping its toes into this innovative sector—it’s making a calculated dive. This initiative is designed
Recently, the Solana blockchain community has been embroiled in concerns regarding transaction delays experienced on Coinbase, a prominent cryptocurrency exchange. Solana users took to the social media platform X to report that their transactions were taking an astonishing 45 minutes to process. This stark contrast was particularly alarming as it vastly exceeded processing times for
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 financial landscape within the European Economic Area (EEA) is undergoing substantial transformation with the implementation of the Markets in Crypto-Assets (MiCA) regulation. This regulation introduces stringent guidelines for stablecoins, categorizing them as e-money tokens, which necessitates compliance that has significant implications for various cryptocurrency exchanges. Among the leading platforms affected is Coinbase, which announced
Recent analysis from crypto analyst CoreCrypto has sparked optimism around Cardano (ADA), suggesting that a significant price surge may be on the horizon. CoreCrypto identified a classic bull flag-like pattern in ADA’s price chart, which is indicative of a bullish market sentiment. This technical setup has prompted expectations of a potential 50% increase, positioning Cardano
