In a week marked by turbulence across the crypto market, the Internet Computer (ICP) has emerged as a standout performer. It reached a yearly high of $11.92 and made it to the top 20 cryptocurrencies by market cap list before facing a setback amidst broader market fluctuations. The project, known
The Palau Stablecoin (PSC) initiative entered its second phase with the official introduction by the Ministry of Finance of Palau. In a post on Twitter, Palauan cybersecurity expert and advisor Jay Hunter Anson verified the program’s second phase debut on December 15th. According to Anson, the PSC team will be
The USDT stablecoin’s developer, Tether, has revealed letters it sent to lawmakers in the US, in which it responds to demands for the DOJ to step in over illegal USDT transactions. On November 16 and December 15, the messages were addressed to members of the United States House Financial Services
Following a month-long trial experiment, the digital tenge, the CBDC of Kazakhstan, has been deemed a success. In 2024, it is scheduled to get a slew of upgrades in the areas of business, regulations, and technology. Almaty pupils were given free meals during the experimental run of the digital tenge
An unprecedented milestone has been reached by SOL, surpassing Ethereum in 24-hour decentralized exchange (DEX) volume the very first time since its inception in 2020. The Solana chain exceeded the Ethereum chain in DEX volume, according to statistics released by DeFiLlama on December 16. The Ethereum rollup chain Arbitrum was
Since the price of Solana’s memecoin Bonk (BONK) skyrocketed, the crypto community has been purchasing Solana’s Saga phone at a rapid pace. Solana co-founder Raj Gokal tweeted on December 15 that the company’s phone sales had jumped tenfold in the last two days, putting them on track to sell out
In January, Jupiter, the decentralized finance (DeFi) aggregator based on Solana, will launch its much-anticipated airdrop. On Friday, Jupiter’s pseudonymous creator Meow provided a plethora of information about the project’s future goals and the imminent airdrop in a tweet written from a cat’s viewpoint. As previously announced, 40% of the
Polygon Labs has announced the discontinuation of contributions to its Edge framework, also known as Supernets. The decision is part of a significant pivot in the development priorities of the Polygon team, redirecting their attention to the expansion of the Chain Development Kit (CDK). Polygon Edge, initially conceived as an
Following a recent price increase for Solana memecoin Bonk (BONK), which has increased by over 970% in the previous 30 days, crypto phone enthusiasts have started buying Solana’s Saga phone at an accelerated rate. In a tweet on December 15, Solana co-founder Raj Gokal said that sales of the company’s
A long-dormant Ethereum (ETH) whale has resurfaced, making a substantial deposit of 5,000 ETH worth approximately $11.3 million to Coinbase. This revelation comes from insights provided by Lookonchain, a leading crypto-analytics platform. Typically, when large deposits are made to crypto trading platforms by dormant whales, it often signals an intention
