The rapid rise of cryptocurrency has transformed the financial landscape over recent years, particularly following its surge in popularity and adoption. As investors, young and old, increasingly turn to digital assets as part of their portfolios, recent analyses shed light on the implications of this trend on various demographics, especially within low-income households. A report
Crypto
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
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
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
The cryptocurrency arena is experiencing a dynamic shift, marked by an intriguing competition among various altcoins vying for prominence. Currently, Bitcoin (BTC) is stabilizing around the $97,000 threshold, nudging against a total market capitalization that hovers around an impressive $3.56 trillion. Notably, Bitcoin’s value has faced substantial fluctuations over the last week, dipping to nearly
Over the past month, Cardano’s native cryptocurrency, ADA, has experienced a remarkable turnaround, witnessing a staggering 180% increase in price. Following this surge, the token briefly dipped above the $1 mark before stabilizing around this level, raising eyebrows within the crypto community. Factors such as active whale involvement and key on-chain metrics signal a potentially
In the fast-evolving landscape of cryptocurrencies, stablecoins are making significant strides. As of now, the market capitalization of stablecoins has surged to an unprecedented $191.6 billion, reflecting a remarkable growth of 46% in just one year. This acceleration has been underpinned by key players like Tether (USDT) and USD Coin (USDC), which have taken the
In a significant move reflecting the growing acceptance of cryptocurrencies, Vancouver Mayor Ken Sim has laid out a proposal to integrate Bitcoin (BTC) into the city’s financial assets. This initiative, unveiled during a city council meeting on November 26, aims not only to diversify Vancouver’s investment portfolio but also to position the city as a
In recent developments in the world of cryptocurrency investments, Bitwise Asset Management has taken a bold step by submitting a proposal to the U.S. Securities and Exchange Commission (SEC) for a new exchange-traded fund (ETF) that builds on their existing 10 Crypto Index Fund. This strategic move is set against the backdrop of a rapidly