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
To enhance supply chain procedures and cross-border agricultural commodity transactions, the second phase of the Drex central bank digital currency (CBDC) pilot was established by Brazil’s central bank, Banco Central do Brasil (BCB). Moreover, in the second stage, it will employ blockchain and oracles to create a trade financing solution.
The altcoin market saw remarkable growth this month, with SOL, XRP, ADA, PEPE, and FLOKI surging in double-digit returns. Consequently, the anticipation of the altcoin season mounts. ETH’s surge might be the missing piece to solidify the altcoin market rally. The largest altcoin, Ethereum (ETH) has stalled behind other major
Floki, a leading dog-themed meme cryptocurrency, has launched an extensive marketing campaign in Delhi NCR, India, to promote its Play-to-Earn MMORPG game, Valhalla. The campaign, which began on November 18, aims to generate significant awareness among the region’s bustling population, targeting professionals, tourists, and daily commuters across major commercial and
The Asian crypto sector has shown increased activity in the past day. According to reports, crypto mining firm BIT Mining was charged a penalty fee of $10 million for bribery by the Japanese government. Meanwhile, the crypto market has entered a brief consolidation as prices have not shown significant movements
The Financial Intelligence Unit (FIU) of Nepal has discovered that, despite a government prohibition on trading digital assets, cryptocurrencies are extensively used to plan cyber-related scams. Money laundering, terrorism funding, and other forms of financial crime are closely monitored and combated by the Financial Intelligence Unit (FIU). The FIU is
The crypto market is moderately bullish, with the total market cap settled at $3.09 trillion. The largest cryptocurrency, Bitcoin, trades at $91.8K. The asset’s dominance led the altcoins to surge. While Ethereum (ETH) rests at the $3.1K mark. Investors are focusing on the promising altcoins, as the alt-season is looming.
Stellar (XLM) has achieved a new milestone, surpassing $0.2550 for the first time since February 2022, marking an 18% surge in the last 24 hours. Over the past week, the cryptocurrency has soared by an impressive 120%, despite a 35% dip in trading volume during the same period. The surge
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 $181 million in the seven days ending November 17th. Compared to the previous week, when NFTs only
Hedera ($HBAR) has seen a remarkable price surge, climbing by 43% in one day. Its current price stands at $0.1191, with a 37.84% increase in market capitalization, now at $4.49 billion. The trading volume surged by 29.33% to $1.21 billion, showing strong investor activity. The market cap ratio of 26.05%
