Proof of significant global adoption is the +673% rise in stablecoin active addresses in the last five years. Nevertheless, the analysts at JPMorgan are challenging the notion that an increase in consumption would always lead to a rise in market capitalization. According to JPMorgan’s estimations, stablecoin transactions have reached an accelerated
In anticipation of Tuesday’s first quarter earnings announcement, Strategy—the largest publicly traded Bitcoin holder in the world—has temporarily suspended all cryptocurrency acquisitions. In a post on X, where he often signals intended acquisitions, executive chairman Michael Saylor said “No buys this week” on Sunday. The Tysons Corner, Virginia-based corporation recently
In April, investors withdrew their money from crypto start-ups and early-stage enterprises, causing venture capitalist funding to plummet to a level not seen in almost two years. When compared to March, when 84 rounds of investment totaled $2.6 billion, April’s total of $659 million represents a 74% decline, according to statistics
In its third round of over-the-counter (OTC) sales to BitMine Immersion Technologies, the Ethereum Foundation has sold 10,000 ETH for an additional $22.9 million, or an average price of $2,292 per coin. In a post on X published on Friday, the Ethereum Foundation said that the proceeds from this sale
U.S. Treasury Secretary Scott Bessent said on Wednesday that as part of a comprehensive economic pressure campaign against Tehran, the US had confiscated approximately $500 million worth of cryptocurrency assets from Iran. During an appearance on Fox Business’s “Kudlow,” Bessent explained the extent of Operation Economic Fury, a campaign launched
Today, Nexo, the leading digital asset wealth platform, announced that Solana’s SOL and Ripple’s XRP are now supported collateral assets for its Zero-interest Credit (ZiC). With this move, Nexo joins the current BTC and ETH collateral options as the first platform to provide 0% APR, no-liquidation lending backed by either asset. ZiC,
US tech behemoth Meta is planning to expand to other regions after launching USDC payouts for creators on its platforms in Colombia and the Philippines. Faster Settlement with USDC Participating creators will have their payments sent straight to their Solana or Polygon blockchain wallets. According to Wednesday’s release, however, an external exchange is necessary
In order to provide a regulated institutional framework for involvement in blockchain-based financial markets, Real Finance and Wiener Privatbank established a strategic alliance. In order to provide institutional customers access to on-chain financial products within a framework that complies with European regulatory norms, the partnership focuses on integrating conventional banking
Leading digital payments platform Stables today established a strategic alliance with eStable to combine local stablecoin issuance capabilities with institutional-grade banking infrastructure. Through the partnership, Stables’ developer clients may utilize institutional rails for smooth transitions between fiat and stablecoins. By enabling institutional settlement and local currency stablecoin issuance backed by
There have been rumors circulating that a hacker on the dark web leaked what they said was a treasure mine of confidential user information from Prediction markets platform Polymarket, but the company has disputed the claims. On Tuesday, numerous X accounts that monitor the dark web—including cybersecurity firm Vecert Analyzer—shared pictures
