The stablecoin market is experiencing unprecedented growth, characterized by remarkable increases in market capitalization and transaction volume. Tether (USDT) leads this rise, commanding an impressive $133 billion in circulation, which constitutes a staggering 69% of the total global stablecoin market. Following closely is USD Coin (USDC), which has also witnessed significant growth, reaching a market
Crypto
In a significant move to modernize municipal finance, Vancouver Mayor Ken Sim has proposed the inclusion of Bitcoin (BTC) in the city’s investment portfolio. This initiative marks a strategic effort to diversify financial assets and establish Vancouver as a crypto-friendly destination. The motion, titled “Preserving the city’s purchasing power through diversification of financial resources: Becoming
Bitwise Asset Management, a prominent player in the cryptocurrency investment landscape, has recently submitted a significant proposal to the U.S. Securities and Exchange Commission (SEC) for a new exchange-traded fund (ETF). This ETF is poised to derive its foundation from Bitwise’s established 10 Crypto Index Fund, designed to offer investors weighted exposure to ten of
The cryptocurrency landscape has been defined by an ongoing struggle between regulatory bodies, notably the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Historically, the SEC has aspired to assert dominance over digital assets, often clashing with crypto industry advocates who argue for more favorable regulations. This dynamic has created a
The outcome of the 2016 presidential election ushered in an unprecedented interest in cryptocurrency within the landscape of U.S. economic and geopolitical strategy. Donald Trump’s inclination toward adopting a strategic Bitcoin reserve marked a significant pivot, prompting discussions around the integration of digital currencies into national policy. Recently, MARA Holdings, a notable player in the
XRP, the native digital currency of the Ripple network, is currently experiencing a significant resurgence, peaking at a three-year high of $1.60 on November 23. Following this peak, the asset faced a temporary downturn corresponding with the broader cryptocurrency market correction. However, recent developments point toward a robust recovery, as XRP currently trades around $1.44,
The cryptocurrency landscape is currently in a state of flux, marked by a significant correction across major assets such as Bitcoin (BTC) and Ethereum (ETH). Despite the turmoil, Shiba Inu (SHIB), often dubbed the “Dogecoin killer,” stands out as a notable contender within the meme coin sector. This article delves into the critical factors that
In recent days, the tech company MicroStrategy Inc. (MSTR) has witnessed a dramatic decline in its stock value, plummeting by an astonishing 35% from its peak of $535 on November 21. By Tuesday, the stock dropped to a low of $340 before experiencing a slight recovery, closing the trading day at approximately $353, as per
In recent months, the rise of decentralized finance (DeFi) and meme coins has transformed the cryptocurrency landscape. Among these platforms is Pump.fun, a Solana-based meme coin generator that has faced significant scrutiny due to its live streaming functionality. Although aiming to create an engaging community platform, the chaos unleashed by the livestreaming feature has prompted
In the rapidly evolving world of cryptocurrency, security and vigilance are paramount. Recent reports have highlighted alarming cases of address poisoning, a sophisticated scamming technique that demonstrates how even the most experienced users can fall victim to fraud. One high-profile incident involved a cryptocurrency holder who suffered a staggering loss of over $3 million in
