With a current market cap of less than $200 billion, stablecoins represent a tiny fraction of global financial transactions – just 1% of US money supply and foreign exchange operations. However, a joint report by Standard Chartered and Zodia Markets research suggests significant growth potential, with experts projecting expansion to 10% of the US money...Read More
HNT, the native token of Helium, a blockchain-based network and leading DePIN token is poised for a notable upside rally as it has formed a bullish price action pattern. Helium (HNT) Technical Analysis and Upcoming Level According to expert technical analysis, HNT has broken out of a consolidation zone that it formed after breaking out...Read More
In November 2024, hacks accounted for an overwhelming 99.96% of total losses. During the same period, fraud and rug pulls fell significantly, contributing to just $25,300 in total losses across two incidents. According to the latest report by Immunefi shared with CryptoPotato, decentralized finance (DeFi) was the primary victim, with $71 million in total losses...Read More
The US Customs and Border Protection (CBP) is holding specific imports of Antminer ASIC miners at various ports across the country. Seven US-based bitcoin mining companies, who spoke anonymously, claimed that the Federal Communications Commission (FCC) had directed the CBP to hold certain deliveries of Bitmain ASIC miners. Interestingly, other Chinese producers of ASIC mining...Read More
Cardano (ADA) has remained in the top 10 cryptocurrencies by market cap despite a brief slowdown this week. Over the past day alone, ADA gained over 7%, depicting its revival with the onset of the bull market. Furthermore, a crucial on-chain metric has reached heights last seen over two years ago, further validating the bullish...Read More
American crypto exchange Coinbase will stop offering rewards to holders of the USD Coin (USDC) stablecoin located in the European Economic Area (EAA) on November 1. In a note to clients, the exchange explained that the move had been triggered by “new requirements for e-money tokens” that are expected to come into effect with the...Read More
Russia is one step closer to implementing a comprehensive framework for taxing cryptocurrency transactions and mining. Its Federation Council approved a federal bill on November 27, following its passage in the State Duma. The legislation, which awaits President Vladimir Putin’s signature to become law, classifies digital currencies as property and exempts crypto transactions from value-added...Read More
Taiwan’s Financial Supervisory Commission (FSC) will enforce new anti-money laundering (AML) regulations for cryptocurrency service providers starting November 30. The upcoming rules require crypto exchanges and other virtual asset service providers (VASPs) to register for AML compliance. AML Framework The deadline for mandatory AML registration for crypto companies was initially January 1, 2025, but the...Read More
The 2024 cryptocurrency market witnessed an explosive rally, spurred by Donald Trump’s victory in the Presidential Election. Data suggest that interest in Layer 1 blockchain solutions has soared, as these platforms provide the foundation for dApps and Smart Contracts, intensifying the race for L1 dominance. Unlikely Cryptos Take Center Stage According to the latest report...Read More
Boyaa Interactive, a leading Chinese gaming firm on the Hong Kong Stock Exchange, has reallocated a significant portion of its crypto assets from Ethereum to Bitcoin. As per a November 29 filing, the company reported converting 14,200 ETH into approximately 515 BTC in an open-market deal worth more than $49 million. The Ethereum had been...Read More
Despite bitcoin’s price turmoil over the past week, Ki Young Ju, the founder and CEO of the market analytics platform CryptoQuant, believes the leading digital asset’s dominance is less likely to decline soon. Historical data shows that alternative cryptocurrencies (altcoins) have always rallied when BTC retraces and seen a decline in market dominance during bull...Read More
Bitcoin (BTC) is still far from the overvalued levels that indicate the end of a bull cycle despite having rallied above $99,000 last week. According to on-chain data analyzed by CryptoQuant, the cryptocurrency can still surge past $100,000 to $146,000, the top target from a realized price valuation perspective. This perspective indicated the top price...Read More
[PRESS RELEASE – Monaco City, Monaco, November 29th, 2024] Memereum, a blockchain platform focused on reshaping decentralized finance with blockchain-backed insurance and community-driven governance, has announced key milestones that highlight its significant growth and adoption. The Memereum community has surpassed 10,000 followers on X and achieved over 5,000 holders, highlighting its growing influence as one...Read More
[PRESS RELEASE – Gibraltar, Gibraltar, November 29th, 2024] Hydration has announced the launch of its decentralized borrowing platform, the Hydration Money Market. The new platform allows users to supply cryptocurrency as collateral, earn interest on their deposits, and borrow various digital assets. Built on the Polkadot blockchain, the platform emphasizes efficiency and innovation in the...Read More
Bankrupt crypto lending firm Celsius has announced plans to distribute an additional $127 million to creditors. The company’s estate revealed that this distribution will be made from its “Litigation Recovery Account ” and will benefit claimants in specific classes. Distribution Details According to a November 27 filing, the funds will be disbursed to those with claims...Read More
Ether (ETH) has been on a positive trajectory over the past week, with the network’s dynamics showing some improvement. Crypto market analysts say there is still room for growth. According to a report by CryptoQuant analyst Shayan, Ethereum futures market funding rates signal that ETH has not entered an overheated phase. Hence, the cryptocurrency may...Read More
[PRESS RELEASE – Dubai, UAE, November 29th, 2024] On November 29, MEET48 officially announced that the Beta testing for Mars Protocol will be closed in Q4 2024, with its official launch scheduled for Q1 2025. As the first AI idol platform in the OPBNB ecosystem, Mars Protocol aims to integrate “Idol-Meme + AI-Agent,” marking a...Read More
Coinbase’s decision not to support Celo’s migration from a Layer 1 blockchain to a Layer 2 solution on Ethereum has sparked significant debate within the crypto community. In a recent announcement, Coinbase urged users to withdraw their CGLD (Celo L1) tokens by January 13, 2025, to avoid losing access to their funds. The migration, planned...Read More
Vancouver Mayor Ken Sim has revealed plans to incorporate Bitcoin (BTC) into the city’s investment portfolio, aiming to position the town as a crypto-friendly hub. This initiative seeks to diversify the city’s financial assets by including Bitcoin on its balance sheet. The Mayor’s Plan During a November 26 Vancouver city council meeting, Sim introduced a...Read More
RNDR, the native token of Render, is making waves during the ongoing market correction, as it appears poised for notable upside momentum. This speculation is caused by RNDR’s bullish price action pattern, significant participation from traders and investors, and overall positive market sentiment. Render (RDNR) Technical Analysis and Upcoming level According to CoinPedia’s technical analysis,...Read More
[PRESS RELEASE – New Dehli, India, November 28th, 2024] UnGraduate Gamer, a prominent Indian YouTuber with over 11M subscribers and nearly 2bn views, is set to launch the $UGG token. This meme coin aims to merge India’s rapid blockchain growth with the global popularity of meme coins, offering a novel approach to creator-driven crypto ventures....Read More
MARA, formerly Marathon Digital, has announced the purchase of an additional 703 BTC. This recent initiative follows an earlier purchase of 5,771 Bitcoin (BTC) on November 23, bringing the total number of buys through its $1 billion convertible note offering to 6,474 BTC. MARA’s BTC Holdings According to a Nov. 27 X post, both transactions...Read More
[PRESS RELEASE – Istanbul, Turkey, November 28th, 2024] WNKR.World, a new content platform supporting creators through blockchain technology and artificial intelligence, announces its upcoming launch on the Solana network. As the first creator-focused platform on Solana, WNKR.World aims to solve critical industry challenges such as secure transactions, privacy, and efficient payment solutions, enabling creators to...Read More
The global stablecoin supply has hit new highs, with Tether (USDT) and USD Coin (USDC) dominating the sector. According to a Bloomberg report citing data from DefiLlama, the market capitalization of stablecoins has increased by 46% this year, reaching a record of about $191.6 billion at the time of writing. Stablecoin Market Value Up 50% Since...Read More
Leading DEX platform, Uniswap notched a new record in terms of monthly trading volume on Ethereum Layer 2 solutions, as DeFi users flocked back to the platform in droves. Data compiled from Dune Analytics shows that Uniswap recorded $38 billion in trading activity across major L2 networks, including Base, Arbitrum, Polygon, and Optimism. The November...Read More
[PRESS RELEASE – Houma, LA, US, November 27th, 2024] FIO Protocol, the blockchain usability layer, has teamed up with MetaMask, the self-custodial digital wallet and Web3 gateway developed by Consensys, by integrating FIO Handle Resolution. This powerful new functionality makes sending and receiving crypto simpler and more secure by replacing complex public addresses with easy-to-remember...Read More
The crypto market is never short on excitement, and the past few weeks have been no exception. Cardano (ADA) has stunned investors with a jaw-dropping 260% surge, fuelled by bullish momentum and exciting ecosystem developments. Kaspa (KAS) is quietly gaining traction, with low RSI levels hinting at potential bullish momentum as December approaches. Meanwhile, Qubetics...Read More
Economic data released in the United States on Wednesday has raised red flags as Core PCE inflation has increased to 2.8% for October. The Personal Consumption Expenditures report reflects the average amount of money consumers spend monthly and is used by central bank policymakers as their primary inflation gauge. “The Fed’s worst nightmare is officially...Read More
Bitwise Asset Management has submitted a proposal to the U.S. Securities and Exchange Commission (SEC) for a new exchange-traded fund (ETF) based on its existing 10 Crypto Index Fund. The ETF would include ten leading cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, Cardano (ADA), Avalanche (AVAX), Chainlink (LINK), Bitcoin Cash (BCH), Polkadot (DOT), and...Read More
Ethereum is finally moving independently from its big brother, Bitcoin, which has corrected over the past week. As a result, ETH prices hit $3,682 during early trading in Asia on Thursday, its highest level since June 10. This culminated in an 18% gain over the past week. Conversely, Bitcoin has declined by 2% over the...Read More
