Morgan Stanley Sounds Alarm on US Dollar’s Dominance — Says Crypto Could Significantly Alter Currency Landscape
Morgan Stanley has warned about the risk of the U.S. dollar losing its dominance, fueled by growing interest in digital assets, including bitcoin. Emphasizing that the U.S. dollar’s dominance “is being increasingly scrutinized,” the investment bank
Terraform Labs recently lost a case when a U.S. judge ruled that LUNA and MIR are securities, and is currently facing a class action lawsuit in Singapore.
Congressman Tom Emmer Offers to Help Donald Trump Fight Central Bank Digital Currencies
Congressman Tom Emmer has offered to help former U.S. President Donald Trump fight the creation of a central bank digital currency (CBDC) in the U.S. “I agree with President Trump; CBDCs pose a serious threat to Americans’ right to…
Why Indonesia’s Upcoming Elections Could Make or Break the Country’s Vibrant Crypto Sector
Not all leading candidates have been vocal about crypto – but scattered remarks offer clues about where the industry might be headed under their leadership.
JPMorgan Warns of Incoming Bitcoin Selloff With Anticipated $3 Billion Grayscale Outflow
Global investment bank JPMorgan has warned of additional outflow from Grayscale’s bitcoin fund, cautioning that it will put “further pressure on bitcoin prices over the coming weeks.” The bank’s analyst also explained…
Crypto Snipers Strike Gold as Traders Earn Millions in SAVM Token Launch Frenzy
Based on the recent report from Arkham Intelligence, the launch of the satoshivm (SAVM) token two days ago saw three adept crypto traders, often referred to as ‘snipers,’ each earning a profit of $1 million. Arkham’s findings…
How To Buy, Sell And Trade Tokens On The Avalanche Network
The Avalanche (AVAX) network has gained prominence as a leading blockchain platform, providing users with a robust infrastructure for token transactions. It is a Layer 1 blockchain protocol that provides a high-performance platform for…
Mining Digital Gold — These Are the Most Profitable Proof-of-Work Algorithms in 2024
In September 2022, Bitcoin’s SHA256 algorithm ranked as the seventh most lucrative proof-of-work (PoW) network for mining. Fast forward a year and four months, and this algorithm has ascended to become the third most profitable crypto…
Value Locked in Defi Surpasses $57 Billion, Securing Over $20 Billion in 3 Months
Data from defillama.com reveals that over the past 93 days, the total value locked (TVL) in decentralized finance (defi) protocols escalated from $37.46 billion on Oct. 20, 2023, to the present $57.74 billion. Notably, 57.3% of the total value in…
FDUSD Market Cap Skyrockets by $1 Billion in 2024, Clinching Top 4 Stablecoin Spot
According to statistics, the stablecoin crypto asset FDUSD has seen its market capitalization grow by $1 billion since the start of the year. Presently, the supply stands at 2.614 billion FDUSD after witnessing a 45.7% supply increase in 30 days…
How To Buy, Sell, And Trade Tokens On The Optimism Network
Optimism (OP) is a Layer 2 network that solves Ethereum’s scalability issues, bringing low fees and faster transactions to users. Scalability and low gas fees have always been Ethereum’s major problems. This is because, amid the trilemma of…
9 Freshly Launched Spot Bitcoin ETFs Gather Over 81,000 BTC, Valued at $3.39 Billion
Since Jan. 12, 2024, Grayscale’s newly transitioned spot bitcoin exchange-traded fund (ETF), GBTC, experienced a withdrawal of 50,106.59 bitcoin. Meanwhile, the nine newly launched spot bitcoin ETFs have collectively accumulated 81,366…
Is Tron Toast? Network Activity Crumbles As Crypto Cools Off
The Q4 report from Tron reveals a significant contrast between its thriving DeFi sector and subdued core network activity. Despite a remarkable 41% increase in Total Value Locked (TVL) in Tron’s DeFi space, securing the second position after…
How To Buy Sell and Trade Tokens On The Arbitrum Network
The Arbitrum (ARB) network is a Layer 2 scaling solution for Ethereum that aims to address the scalability and high transaction fees. It is developed by Offchain Labs and utilizes a technology called Optimistic Rollups to achieve its objectives…
Cardano (ADA) staged a remarkable performance today, defying prevailing expectations and orchestrating a meteoric rise that propelled it from a relatively unassuming position to a prominent spot within the top 10 cryptocurrencies by market…
Grayscale’s 4K Bitcoin Transfer, Blackrock CEO Favorable on Bitcoin, Ripple’s XRP Ousted, and More — Week in Review
Grayscale stirred speculation by transferring 4,000 bitcoins, while Blackrock CEO Larry Fink endorsed bitcoin as “digital gold,” surpassing government influence. In regulatory news, Ripple’s XRP was removed from Hong Kong…
Shibarium On The Verge Of Momentous Milestone – Will This Trigger A Price Rally?
Shibarium is almost at a new transaction milestone amid Shiba Inu’s market price uncertainty. The latest data from Shibariumscan shows the layer-2 scaling platform for Shiba Inu is now nearing a transaction count of 300 million, an exciting…
LBank Labs Announces Incubation Fund Investment in AMBBi
PRESS RELEASE. LBank Labs has established a dedicated Incubation Fund for Inscription Projects, and AMBBi, an innovative dual-asset project on the Bitcoin blockchain, is the first to be inducted into this groundbreaking initiative. This investment…
South African Fintech Startup Ukheshe Acquires 100% Stake in EFT Corporation
South African fintech startup Ukheshe recently announced that it has acquired a 100% stake in EFT Corporation, an Africa-focused payment services provider. According to the startup, the acquisition takes Ukheshe closer to its stated goal of…
Dogecoin (DOGE) Up By 11% As X Launches Dedicated Payment Account
According to data from Coingecko, Dogecoin (DOGE) has soared by 10.5% in the last 24 hours, drawing much attention from market analysts and investors alike. Prior to this gain, the memecoin had shown little price movement, hovering around the $0.08…
CFTC Files Civil Enforcement Action Against Bogus Crypto Exchange Debiex
The U.S. commodities regulator revealed on Jan. 19 that it had filed a civil enforcement action against a bogus digital asset exchange platform. According to the Commission, Debiex customers were not aware that the entire set-up was a clever scam…
Solana Stablecoin Volume Reaches Record High Of $300 Billion In January
According to the latest on-chain data, the Layer-1 network Solana has hit a significant milestone in terms of the transfer volume of stablecoins this month. Solana Overtakes Tron In Stablecoin Transfer Volume Data from the blockchain analytics…
Manta Network, a modular layer two (L2) protocol, said a distributed denial-of-service attack on Jan. 18 resulted in the network accumulating a large queue of recent transactions. The attack, which occurred during a token-issuing event, is believed…
Maker (MKR) Makes Crypto History: $2K Breached – Can DeFi Reach For More?
Maker DAO’s MKR has been a dominant force in real-world asset (RWA) transactions within decentralized finance (DeFi), boasting a daily average of $94.5 million in RWA-related transactions in the second week of January. Despite this impressive…
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