The cryptocurrency industry is often described as a risk-on asset class that tends to underperform in times of economic uncertainty. Although the stock market also falls in this category, at least to an extent, it has been on a wild run in the past few weeks, with multiple new all-time highs from the most prominent...Read More
A popular New York-based crypto exchange, Uphold, announced the delisting of six stablecoins in response to the upcoming MiCA regulation in the European Union, including Tether (USDT) – the largest of the cohort. This decision aligns with the Markets in Crypto Assets (MiCA) regulation, which fully takes effect on June 30th, 2024. Passed into law...Read More
The crypto market is in the red amid significant bloodshed from bitcoin (BTC) and altcoins. There is currently no bullish momentum, and BTC is hovering around key levels, falling below traders’ on-chain realized price of $65,800. Regardless, CryptoQuant analysts insist in a recent report that the market is in a bull season. Lack of Bullish...Read More
Bitcoin (BTC) loses momentum as its price falls below the short-term holder’s realized price of $65,800. This could kickstart a wave of panic selling, leading to significant losses for Bitcoin (BTC) and other crypto assets. Amidst this market downturn, the popular Ethereum token ETFSwap (ETFS) defies market trends and provides investors, with an alternative avenue...Read More
Can an altcoin actually multiply your wealth? Let us take an example: if you had invested USD 50 in ETH during its ICO in 2014, you could potentially have had 161 ETH tokens, and its pricing would have amounted to nearly USD 530,000 at the moment, which is… a lot! If you are already fretting...Read More
There has been increased speculation over a Bitcoin miner capitulation as hash rate increases slow down, operational costs increase, and the asset price continues to fall. Analyst James Check assessed miner-side sell pressure to determine the severity of the miner selloff in a video on June 21. Miners selling after a halving event and the...Read More
Leading digital asset technology firm Marathon Digital has found a way of utilizing the heat from its Bitcoin mining activities. Marathon’s latest announcement revealed that it has launched a pilot project to warm a Finland community of roughly 11,000 residents with recycled heat from its Bitcoin mining operations. Marathon Uses Mining to Warm Districts The...Read More
With the top cryptocurrencies continuing to display a consolidated price action, the low-cap and mid-cap memecoins have displayed increased price action by adding significant valuations to their respective portfolios. Moreover, this highlights an increase in the buying pressure for memecoins in the cryptocurrency market. With the rising dominance of memecoins in the crypto space, are...Read More
According to Token Terminal data, the monthly stablecoin transfer volume surged to over $1.68 trillion in April, marking a significant increase from the $100 billion recorded in October 2020. This 16-fold rise highlights the potential of stablecoins in enhancing financial processes and facilitating cross-border transfers. Record-Breaking Stablecoin Volumes In a recent post on X, Token...Read More
