Last week, digital asset investment products saw an influx of $103 million from institutional investors. While $7.9 million went into Ethereum, $6 million went into Solana. Bitcoin was yet again at the forefront with $87.6 million. With a growth of over 50% from November, the Solana network now has over
The cryptocurrency market is known for its rapid evolution and fierce competition among blockchain projects. In recent years, two giants have emerged as leading contenders: Polygon (MATIC) and Solana (SOL). These platforms have gained widespread attention and adoption due to their unique features and capabilities. However, a new player on
Although the rate of growth has slowed after the initial launch rush, Coinbase’s incubated initiative Base Network is still showing consistent progress. At the time of publishing, L2Beat statistics showed that Base’s Total Value Locked (TVL) was close to $734 million, up 4.63% from the previous week. From $592 million
Investors and the Nigerian economy stand to benefit from the new stablecoin, the cNGN, which is being developed and managed by a consortium of Nigerian institutions. Anonymous insiders within the project have confirmed that the cNGN token is linked to and supported by the Nigerian naira, the official currency of
Within the ever-changing landscape of cryptocurrency predictions, only a select few voices carry the weight of prophecy through rigorous analysis and research. One such voice belongs to a long-time financial analyst who accurately predicted the fall of the FTX token (FTT). Several months before the Sam Bankman-Fried-led FTX cryptocurrency exchange
As the year 2023 winds down, the crypto market has been a spectacle of resilience and optimism, with significant cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) leading a spirited rally. Despite a mild correction earlier, Bitcoin has surged more than 63% since mid-October, while Ethereum has followed suit with a
The cryptocurrency market is now experiencing an upswing due to the upcoming halving and the anticipation of a spot Bitcoin ETF. Surprisingly, Bitcoin has emerged unscathed from its 2022 slump, adding almost $530 billion to its market valuation with a 160% increase in value this year. There has been a
China appears to be embracing the digital asset revolution, signaling a major shift in its stance on cryptocurrencies. Despite a strict crypto trading ban in 2021 that led to a market shack, the country is now expressing a newfound commitment to the development of the crypto industry. The Ministry of
In a whirlwind of market activity, Arbitrum, Ethereum’s layer-2 network, surged to an eight-month high of $1.4567, marking a staggering 15% surge within the last 24 hours. This surge was accompanied by a remarkable 315% uptick in trading volume, driving the market capitalization up by a striking 15%. Moreover along
A draft describing substantial changes to the regulation of in-game tokens within the online gaming sector was recently issued by the General Administration of Press and Publication of China (GAPP). The country’s attitude to digital currency in gaming has undergone a strategic shift with this decision. Game tokens cannot be
