In the dynamic world of cryptocurrency, Ethereum has recently captured attention with a noteworthy performance. After languishing below critical levels for months, ETH has surged back above the $3,500 mark, reaching levels not seen since July 2024. This improbable rebound has rekindled enthusiasm among investors, signaling a potentially transformative period for the second-largest cryptocurrency by
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Stablecoins have increasingly captured attention within the financial landscape, currently valued at under $200 billion. This amount represents a mere 1% of the U.S. money supply and foreign exchange transactions. Despite their modest footprint today, a recent study published by Standard Chartered and Zodia Markets paints an optimistic picture. Experts involved in the research anticipate
In the ever-evolving world of cryptocurrencies, Bitcoin (BTC) has recently become a topic of intense speculation and analysis. Having made headlines by consolidating above the significant support level of $90,000, Bitcoin reached an impressive all-time high (ATH) of $99,645 just a week prior. This remarkable increase of over 47% since the start of the month
In a significant move influenced by the newly emerging Markets in Crypto-Assets (MiCA) regulation, Coinbase announced it will discontinue rewards for users holding USD Coin (USDC) in the European Economic Area (EEA) effective December 1. This decision, detailed in a communication sent to customers on November 28, highlights the shifting regulatory landscape in the cryptocurrency
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, finds itself navigating a critical and precarious phase in its price trajectory. Recently, the asset encountered pronounced resistance at the $3,659 mark, where it has struggled to break free, indicating a possible stall in bullish momentum. After a significant rally, the cryptocurrency has entered a consolidation phase
LINE Corporation, a prominent player in the messaging application sector, is making significant strides in the realm of blockchain technology. In a bold move, the company has unveiled plans to introduce 30 mini-decentralized applications (dApps) in 2024. This initiative is an effort to democratize blockchain access and integrate it into the daily lives of users.
The cryptocurrency landscape continues to evolve, particularly in the realms of decentralized finance (DeFi) and centralized finance (CeFi). November 2024 saw an alarming resurgence of hacks, which constituted an astonishing 99.96% of all reported losses. During this month, the total losses in the cryptocurrency sector amounted to $71 million, in stark contrast to the overwhelming
In the ever-evolving landscape of cryptocurrency, Cardano (ADA) has attracted attention for its potential upward trajectory. Analysts, like CoreCrypto, have observed a formation resembling a bull flag, which may signal that Cardano is on the brink of a significant breakout. This structure, combined with strong bullish momentum, suggests that a price increase of up to
The landscape of cryptocurrency mining in the United States has recently faced significant turbulence due to the ongoing restrictions imposed on Antminer ASIC shipments. Key players in the bitcoin mining industry have reported substantial delays attributed to actions taken by the U.S. Customs and Border Protection (CBP). According to anonymous reports from several U.S.-based bitcoin
On November 1, Coinbase, one of the largest cryptocurrency exchanges in the United States, is set to discontinue its rewards program for holders of the USD Coin (USDC) within the European Economic Area (EEA). This decision comes in the wake of new regulatory demands stemming from the forthcoming Markets in Crypto Assets (MiCA) regulations established