With a total supply of almost $176.2 billion, stablecoins are at an all-time high. Token Terminal data shows that stablecoin supply has been rising again after a dip in the middle of 2022 and the beginning of 2023. When it probably reflected wider market retracements during the crypto winter. There
November 19, 2024 2 mins read
An announcement was made on Tuesday stating that Gemini, the cryptocurrency exchange established by the Winklevoss twins in the United States, is beginning operations in France. As the extensive Markets in Crypto-Assets regulation starts to transform the interaction between the trading bloc and the crypto sector, this step signifies the
November 19, 2024 2 mins read
South Korean authorities in the city of Paju, in the province of Gyeonggi, have stated their intention to liquidate cryptocurrency assets owned by residents who have failed to pay their taxes. Officials in Paju reportedly notified 17 individuals on November 18. That they owed 124 million Korean won (about $88,600)
November 18, 2024 1 min read
The substantial advances in the cryptocurrency market drove a weekly sales volume of $181 million for non-fungible tokens. According to statistics compiled by CryptoSlam, a digital collectibles tracker, NFTs sales volume recorded for $181 million in the seven days ending November 17th. Compared to the previous week, when NFTs only
November 18, 2024 2 mins read
According to a report by MatrixPort, 7.51% of the world’s population now uses digital currencies, marking a major milestone in global cryptocurrency adoption. This would indicate that cryptocurrency is starting to move out of its niche market and into the mainstream of financial systems, because the analysis predicts that this
October 7, 2024 2 mins read
The United States government initiated the seizure of nearly $2.67 million worth of digital assets taken by the North Korean Lazarus Group of hackers on October 4th via the filing of two formal complaints. Legal documents indicate that the United States government is attempting to recoup around $1.7 million in
October 7, 2024 1 min read
Since the introduction of Frankendancer, a new validator client, to the mainnet-beta, Solana’s transaction throughput has skyrocketed to 40,000 TPS. Some have drawn parallels between this development and Cardano, a network that can only handle 1.3 TPS at the moment. In a post on X, crypto expert Marty Party brought
October 6, 2024 1 min read
The cryptocurrency market is holding its breath until later this week when the US Consumer Price Index (CPI) data is revealed. After the dismal US job statistics dampened market confidence, investors would be watching the data attentively since it is essential to understanding the inflationary pressure in the economy. The
October 6, 2024 2 mins read
The Securities and Futures Commission (SFC) of the Special Administrative Region has granted licenses to three cryptocurrency exchanges, among them is the Hong Kong Virtual Asset Exchange (HKVAX), allowing it to service retail consumers. It joins two other Hong Kong exchanges that have recently received full authorization. The HKVAX website
October 5, 2024 2 mins read
To facilitate the issuance and management of digital assets, Visa unveiled its new Visa Tokenized Asset Platform (VTAP). The financial services behemoth unveiled the VTAP on October 3; it claims to be compatible with several tokenized assets, including stablecoins and CBDCs. Visa reports that BBVA is one of many participating
October 3, 2024 2 mins read