Recently, Deutsche Bank’s research analysts sounded the alarm about the stablecoin industry, predicting that the majority of pegged currencies would eventually collapse. Deutsche Bank examined 334 currency pegs and discovered that just fourteen percent had prevailed so far. An analysis by the analysts concluded, “Some may survive, although most will
Not many things draw investors’ attention, like a big move in a crypto whale’s portfolio. Keeping a close watch on market developments and new prospects, these influential individuals significantly influence how digital assets develop. An anonymous crypto whale recently caused a stir in the market by selling their holdings in
There’s a slight relief in the market as Bitcoin (BTC) rebounds above $62,800 and Ethereum (ETH) attempts to find a firm foothold above $3,000. Among the top 5 gainers of the day, Solana-based viral memecoin Dogwifhat (WIF) boasts its double-digit price surge. In the last 24-hour trading window, WIF surged
Bitcoin has been navigating choppy waters, trading at approximately $62.8K with a recent uptick of 2.06%. And, the trading volume has seen a modest increase of 0.99%, currently standing at $25 billion. Moreover, Bitcoin has experienced a downturn of 9.45% in the past month, marking a challenging period for investors.
Pepe Coin (PEPE) and Bonk (BONK) have been riding the waves of success, attracting investors with their promising growth trajectories. They boasted impressive gains in the meme coin mania and are currently witnessing a significant upsurge.However, amidst their recent bullish developments, a tough competitor, Retik Finance (RETIK) has risen quickly
In the midst of the cryptocurrency market’s rollercoaster ride, Bitcoin has recently experienced a significant downturn, sparking concerns among investors and traders alike. The abrupt descent below the crucial $60,000 threshold has prompted widespread anxiety, fueled by fears of a potential end to the prevailing bull run. As traders grapple
The decentralized finance (DeFi) sector is witnessing fierce competition among various projects, each striving to establish dominance and offer innovative solutions to users. While Polygon (MATIC) has emerged as a prominent player in the DeFi space, a new contender, Retik Finance (RETIK), has risen quickly with ambitious goals and unique
According to data collected by BTC.com, the difficulty of mining Bitcoin (BTC) has recently dropped significantly. The hash rate fell 5.63 percent to 83.15 trillion as a result of this latest update. At a block height of 842,688, the modification was made, and the average hash rate was 646.96 EH/s.
The rebound in the cryptocurrency markets in the first quarter of 2024 drove a dramatic increase in revenue for Digital Currency Group (DCG). The crypto behemoth reportedly informed shareholders in a letter that revenue increased 51% year-over-year to $229 million. Despite $17.4 billion flowing out of its Bitcoin fund since
Sam Altman’s Worldcoin has accomplished yet another great feat. The fact that the organization has expanded its World ID verification program to Peru demonstrates its determination to increase its influence throughout the world. With the support of Worldcoin’s Orb verification—an essential part of World ID verification—the project has made great
