Vaibhavv Ali
Tether Holdings’ USDT, a leading stablecoin in the cryptocurrency market, has reached an impressive milestone, boasting a user base of 330 million by the third quarter of 2024. This achievement reflects the growing acceptance and utilization of USDT across both decentralized and centralized exchanges, positioning it as a critical asset in the crypto ecosystem. Tether … Read more
In a significant development for the cryptocurrency landscape, Coinbase has officially integrated the Zetachain mainnet as the default network within its BASE ecosystem. This move is poised to enhance the functionality and utility of the BASE platform, offering users a seamless experience across various blockchain networks. Enhanced Institutional Support with Coinbase Prime As part of … Read more
In the rapidly evolving world of decentralized finance (DeFi), Ethereum and Solana stand out as two of the most significant blockchain ecosystems. Much like the rivalry between Android and iOS or Microsoft and Mac, these platforms are vying for dominance in the crypto space. This guide delves into the key differences between Ethereum and Solana, … Read more
As of June 2024, the number of staking wallets has surpassed one million for the first time, reflecting a remarkable increase of over 30% from the 824,300 reported in September 2023, according to Flipside Crypto. This significant growth underscores the evolving landscape of decentralized finance (DeFi) and the increasing interest in staking as a viable … Read more
PayPal’s dollar-linked stablecoin, PYUSD, is experiencing a notable decline in its market capitalization, raising questions about its long-term viability. Launched in August 2023, PayPal initially touted PYUSD as fully backed by fiat, but it struggled to gain significant adoption in its early stages, leading to only modest supply growth. Initial Growth and Recent Decline After … Read more
Dogecoin (DOGE) has recently experienced a notable price increase, surging nearly 10% in just one day. This rise is accompanied by an increase in average transaction sizes, suggesting that larger market participants are becoming more active. This renewed interest could be an early indicator of bullish momentum forming in the Dogecoin market. Increasing Average Transaction … Read more
Recent data indicates a robust interest in cryptocurrency-backed exchange-traded funds (ETFs), particularly for Bitcoin and Ethereum. Over the past four days, Bitcoin spot ETFs recorded impressive inflows totaling $459 million as of October 16. Notably, BlackRock’s ETF, IBIT, was a major contributor, accounting for $393 million of these inflows, showcasing strong investor confidence in Bitcoin’s … Read more
In a pioneering move for Thailand’s financial sector, Siam Commercial Bank (SCB) has officially launched stablecoin-based cross-border payment services, marking what it claims to be the country’s first implementation of stablecoins in the traditional banking system for international remittances. This innovative service aims to enhance capital efficiency and provide a more cost-effective solution for cross-border … Read more
In a significant operation, Hong Kong police have dismantled an alleged scam center linked to an elaborate cryptocurrency romance investment scheme, arresting 27 individuals in the process. These suspects are accused of using artificial intelligence deepfakes to deceive victims, resulting in losses exceeding $46 million (approximately 360 million Hong Kong dollars). The Modus Operandi The … Read more
The Shiba Inu team recently announced the postponement of their highly anticipated global conference, ShibaCon, originally scheduled for November 9 in Bangkok, Thailand. The gathering aimed to unite developers, supporters, and enthusiasts to discuss the project’s technological advancements and potential ecosystem developments. Announcement of Postponement In an official statement, the Shiba Inu team expressed their … Read more