Last week, there was a notable increase in the usage of stablecoins due to the escalating losses and market turbulence in the cryptocurrency sphere. Among all stablecoins, MakerDAO’s DAI coin experienced the most growth during this period of market instability. Based on information from the smart blockchain analytics platform IntoTheBlock, DAI reached an all-time high … Read more
In simple terms, Binance, the world’s top cryptocurrency exchange, has announced the arrival of its highly anticipated copy trading feature for regular users. Starting from April 23rd, as stated in an official declaration, this new tool can be accessed by users whose portfolios meet the set minimum asset threshold established by the exchange. Qualified customers … Read more
With a market cap placing it as the tenth largest cryptocurrency, Cardano (ADA) has given investors quite the ride recently. Following a significant price drop in March, ADA experienced a slight rebound, leaving experts unsure of its upcoming direction. Is it possible that a historical price trend will boost ADA to unprecedented levels in 2024? … Read more
0G Labs, a Web3 infrastructure company renowned for creating the modular AI blockchain, and OnePiece Labs, a Web3 startup incubator that provides seed funding, guidance, and valuable networking opportunities, have unveiled their collaboration: the OPL x 0G Incubator. This initiative holds potential to revolutionize the intersection of cryptocurrencies and artificial intelligence (AI). At a swift … Read more
Technology blogger Pavel Federov made a significant gain of $84,750 (equivalent to 15,000 Toncoin) by selling an old Telegram username @pavel on the Fragment platform, a marketplace built on the Toncoin blockchain. This transaction took place on April 23, as revealed by on-chain data. Remarkably, Federov had obtained this Telegram username nine years prior for … Read more
Metis, a Ethereum Layer-2 (L2) rollup platform, has finished the first stage of its Decentralized Sequencer upgrade. Next, they are advancing to Phase 2 which includes sequencer mining, transaction pools, and the ability to process multiple transactions in one block. The blog post on the exchange announces that Metis is the initial decentralized roll-up platform … Read more
Crypto.com, a well-known cryptocurrency exchange, has put on hold its plans for entering the South Korean market. This decision was made following a visit from the South Korean Financial Intelligence Unit (FIU) to Crypto.com’s local office in late April. The FIU’s inspection may have brought up questions about the exchange’s adherence to Anti-Money Laundering regulations, … Read more
Some European banks are now attempting to join the cryptocurrency market as clear regulations, specifically the MiCA (Markets in Crypto-Assets) laws, have been adopted. In a recent conversation, Lukas Enzersdorfer-Konrad, Bitpanda’s deputy CEO, explained that this interest is driven by the legislation’s transparency. European banks are embracing cryptocurrencies as an investment option and adopting tokenization … Read more
Amidst the significant shifts in the cryptocurrency market following Bitcoin‘s halving, Bitfinex offers reassuring insights to investors. Their analysis reveals that Bitcoin’s market conditions have stayed favorable post-halving, as evidenced by their examination of on-chain data. Despite the economic instability in the United States, as indicated in Bitfinex’s Alpha report published on April 22, they … Read more
Recently, the value of cryptocurrencies has gone up and down, causing noticeable changes in the market. Notable coins such as Ethereum (ETH) and XRP have seen price surges. As a result, big investors, who own large quantities, have taken an interest and started buying more of these digital currencies. XRP Resurgence and Whale Accumulation XRP … Read more