Cardano (ADA) has shown remarkable resilience in the cryptocurrency market, maintaining its position within the top ten by market capitalization. Recently, the asset experienced a notable resurgence with more than a 7% increase in value over a short time frame, which aligns with the broader bullish trend observed in the crypto sector. This surge comes
Crypto
November 2024 proved to be a critical month in the world of cryptocurrency, where hacks dominated the narrative of financial losses, accounting for an astonishing 99.96% of total losses in the sector. This significant statistic underscores the vulnerabilities inherent in the decentralized finance (DeFi) landscape, which suffered a staggering $71 million in losses due primarily
The U.S. Customs and Border Protection (CBP) recently made headlines by detaining specific imports of Antminer ASIC miners at various ports nationwide. Multiple bitcoin mining companies operating in the U.S. have claimed, under the condition of anonymity, that this action stemmed from directives issued by the Federal Communications Commission (FCC). Meanwhile, anomalies in treatment are
In a significant move impacting cryptocurrency users within the European Economic Area (EEA), Coinbase, a prominent American crypto exchange, has announced that it will discontinue its rewards program for the USD Coin (USDC). This program, which has enabled users in over 100 jurisdictions to earn monthly interest on their stablecoin holdings, will officially come to
The recent landscape of stablecoins indicates a burgeoning financial tool that currently holds a market cap of under $200 billion. This figure, while substantial in isolation, only represents a mere 1% of the total U.S. money supply and foreign exchange activities. This relatively small share suggests that while stablecoins have carved out a niche for
The cryptocurrency market is currently navigating a transformative period. The dominance of Bitcoin, which has long held a commanding presence, is waning as alternative cryptocurrencies—often referred to as altcoins—begin to capture significant market attention. As of now, Bitcoin’s price oscillates around the $97,000 threshold, amidst a total market capitalization nearing $3.56 trillion. This shift in
In recent weeks, Cardano’s ADA has captured the attention of investors with a substantial increase in price, reflecting a robust interest from major market players. The resurgence of ADA, witnessing a dramatic 180% increase, indicates not only a rebound from its price dip but also the aggressive purchasing behaviors of cryptocurrency “whales.” These large investors
As cryptocurrency markets evolve, stablecoins have emerged as a compelling segment, experiencing remarkable growth in recent months. Recent data indicates that the global supply of stablecoins has soared, with Tether (USDT) and USD Coin (USDC) leading the charge. According to a report from Bloomberg referenced by DefiLlama, this surge has resulted in an impressive 46%
Vancouver’s recent proposal to integrate Bitcoin (BTC) into its investment strategy marks a significant moment in the city’s financial evolution. Mayor Ken Sim’s announcement at the November 26 city council meeting details an ambitious plan to diversify Vancouver’s financial assets by adding cryptocurrency to its portfolio. Dubbed “Preserving the city’s purchasing power through diversification of
Bitwise Asset Management has recently made headlines with its latest proposal to the U.S. Securities and Exchange Commission (SEC) to launch a new exchange-traded fund (ETF), leveraging its existing 10 Crypto Index Fund as the foundation. In the ever-evolving realm of cryptocurrencies, Bitwise aims to capitalize on the burgeoning market by offering an ETF composed