The recent Bitcoin rally has captured the attention of investors and enthusiasts alike. However, a closer look at the trend in the total supply of stablecoins suggests that this surge may not be sustained. This article analyzes the relationship between stablecoin supply and Bitcoin price, raising questions about the long-term viability of the current rally.
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Bitboy Crypto’s Ben Armstrong recently took to the BitBoy Crypto YouTube channel to release an emotional apology video after being kicked out of the company. In this heartfelt video, Armstrong publicly acknowledged his mistakes that ultimately led to his ouster. Alongside him was his supportive wife, Bethany, emphasizing her forgiveness and commitment to their relationship.
DeFi continues to make significant strides, and this week, Ethereum staking services have reached an agreement on implementing a 22% limit on all validators. This decision aims to ensure fair markets and maintain the decentralization of the Ethereum network. Several providers, including Rocket Pool, StakeWise, Stader Labs, and Diva Staking, have committed or are in
Yuga Labs has recently made an exciting announcement that will surely delight gamers and enthusiasts alike. The company has released an early version of their highly anticipated game, ‘Legends of Mara,’ for open beta testing. This move is not only aimed at allowing players to experience the game firsthand but also to gather valuable feedback
Worldcoin, a digital identity project, recently made headlines by claiming to have verified an impressive number of Argentinians in a single day. According to a blog post published on August 31st, the project verified approximately 9,500 Argentinians using its World ID platform. This surge in popularity led to the World App briefly claiming the top
The world of meme coins is ever-changing and unpredictable, with new tokens emerging and gaining popularity seemingly overnight. One recent example of this phenomenon is the surge of the Trump (MAGA) meme coin, which has experienced a staggering +20,000% increase in value on-chain. This surge coincides with the high-profile indictment case of former President Donald
The recent court victory of Grayscale against the United States Securities and Exchange Commission (SEC) has had a significant impact on the entire cryptocurrency market. This article delves into the repercussions of this landmark ruling and explores the surge in trading volumes for various cryptocurrencies. Bitcoin, the leading cryptocurrency, experienced a substantial price increase as
Ripple’s XRP token price is currently facing bearish signs as it struggles to recover above $0.540 and $0.550 against the US dollar. Despite starting a recovery wave after a sharp decline, the price is now trading below $0.550 and the 100 simple moving average (4 hours). There is a major bearish trend line forming with
Pepe (PEPE), touted as the biggest new memecoin of 2023, recently encountered a devastating setback. The project’s anonymous developers shockingly sold approximately $16 million worth of the token on Aug. 24, resulting in a partial rug pull. The sudden sell-off caused Pepe’s price to plummet by as much as 26%, leaving crypto investors and memecoin
In a recent dismissal order, Judge Katherine Polk Failla of the United States District Court has characterized Ethereum (ETH) as a commodity in the case against the decentralized exchange Uniswap. The lawsuit, brought by Uniswap users who claimed they suffered losses due to scam tokens on the platform, saw Failla referring to ETH and Bitcoin
The landscape of education is constantly evolving, driven by advancements in technology. In this pursuit of innovation, TinyTap, an ed-tech subsidiary of Animoca Brands, has introduced a set of groundbreaking tools incorporating Artificial Intelligence (AI) and Non-Fungible Tokens (NFTs). These tools, designed for educators and parents, aim to transform the creation and delivery of educational
GMX, a decentralized perpetual exchange, made its debut in the DeFi community in September 2021. Its launch on Arbitrum, an Ethereum Layer 2 scaling solution, marked a major milestone in the world of decentralized finance. GMX gained significant attention for being the first DEX and perpetual market on the Arbitrum ecosystem. One of its standout
Binance, one of the world’s largest cryptocurrency exchanges, has introduced a game-changing feature for its Latin American clients. The new “Send Cash” feature allows users in nine Latin American nations to transfer crypto through Binance Pay, enabling beneficiaries in countries such as Argentina and Colombia to directly receive these transfers in their bank accounts. This
The Securities and Exchange Commission (SEC) Chairman Gary Gensler is no stranger to controversy. As he prepares to testify before Congress this September, the debates surrounding his approach to digital asset regulation have intensified. With lawmakers expressing concerns over the lack of clear guidelines and Gensler’s aggressive enforcement, the future of cryptocurrency regulation in the
Altcoin season is upon us once again, and with news that Grayscale has won its bitcoin ETF case against the US Securities and Exchange Commission, investors are flocking to the crypto market. One of the most traded sectors in the crypto complex is meme coins, and Sonik Coin is looking to join the ranks of
In the latest episode of The Market Report, Cointelegraph analyst Marcel Pechman explores the recent victory of Grayscale against the United States Securities and Exchange Commission (SEC). While Grayscale is still awaiting a decision on its application for a Bitcoin exchange-traded fund (ETF), the ruling has been favorable, particularly for the Grayscale Bitcoin Trust. This
Bitcoin has recently approached the short-term holders’ realized price, indicating a potential resistance level at $28,100. The realized price is a metric that represents the average investor’s cost basis in the Bitcoin market. When the spot price falls below this indicator, most holders incur losses, while a break above this level signifies a profitable state
Hip-hop, a genre that has shaped countless lives and cultures, is celebrating its 50th anniversary. To mark this significant milestone, Walmart has joined forces with People of Crypto Lab (POClab) to introduce Cultureverse, an immersive, gamified experience within the Spatial metaverse. This collaboration aims to pay homage to the pioneers of Hip-Hop while exploring its
Hong Kong retail cryptocurrency traders are experiencing new opportunities as local exchanges are launching retail trading services. This development comes after HashKey Exchange was granted Type 1 and Type 7 licenses by the Hong Kong Securities and Futures Commission (SFC) on August 3, allowing them to serve professional, institutional, and retail investors. In addition, digital
In a recent development, FTX founder Samuel Bankman-Fried’s attorneys have raised concerns about their client’s limited access to evidence against him, highlighting a violation of his constitutional rights. The attorneys argue that the proposed solution of providing Bankman-Fried with an offline laptop and intermittent internet access within a courthouse cellblock falls short of addressing the
U.S. prosecutors recently addressed the concerns raised by Sam Bankman-Fried, the former CEO of FTX, and his legal team in a filing on August 29. Bankman-Fried and his team had previously objected to the government’s decision to provide a substantial amount of discovery materials in the weeks leading up to the trial. In response, the
A highly-anticipated event in the cryptocurrency world might be just around the corner. Bloomberg Intelligence suggests that the launch of a spot Bitcoin exchange-traded fund (ETF) in the United States could happen right before Labor Day on September 4th. This news has caught the attention of many in the industry, as a Bitcoin ETF has
Circle, the company behind the popular United States dollar stablecoin USD Coin (USDC), is set to launch a native version of the stablecoin on the Base network. This move will replace the current USD Base Coin (USDbC) that users have been using as a substitute. In an announcement made on August 29, CEO Jeremy Allaire
Gone are the days when adventurers would embark on expeditions in search of physical gold mines and treasures. Today, a new gold rush is taking place in the realm of technology, driven by the quest for advanced financial prediction tools powered by artificial intelligence. Among the players in this contemporary rush for riches is yPredict,
Hong Kong’s Financial Secretary, Paul Chan Mo-po, has recently expressed his wholehearted endorsement of blockchain technology. In his blog post, he acknowledges that blockchain represents the next frontier of “breakthrough growth” in the digital technology sector. This forward-looking perspective highlights the potential of Web3, an evolved, decentralized version of the World Wide Web. Identifying Emerging
The Ripple community is currently abuzz with anticipation as the company’s founder and CEO announced plans to host a celebratory party in honor of the cryptocurrency’s triumph against the United States Securities and Exchange Commission (SEC). This declaration by Ripple, a leading global payments network, marks a significant milestone in the cryptocurrency industry, not only
Bitcoin’s price experienced a significant increase of 5% today, reaching a two-week high of over $28,000. This surge in price can be attributed to the recent ruling by United States Court of Appeals Circuit Judge Neomi Rao in favor of Grayscale Bitcoin Trust (GBTC) against the U.S. Securities and Exchange Commission (SEC). Judge Rao’s decision