The world of cryptocurrency has been witnessing a significant surge in stablecoin transfer volumes, according to data from Token Terminal. In April, the monthly stablecoin transfer volume soared to over $1.68 trillion, showcasing a substantial increase from previous months. This 16-fold rise highlights the growing potential of stablecoins in revolutionizing financial processes and streamlining cross-border
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In the world of cryptocurrencies, Artificial Intelligence (AI)-related coins have been making waves with their recent development activities. The market intelligence platform Santiment has outlined the top 10 AI cryptocurrencies that have shown the most progress over the last 30 days. NEAR Protocol Takes the Lead At the forefront of this list is NEAR Protocol
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The AVAX native token for the layer-1 blockchain Avalanche is facing a tumultuous time this weekend, plummeting over 10% to reach its lowest level since December 2023. The token’s value has dramatically dropped from $27.87 to a six-month low of $24.92 within just 24 hours, as reported by CoinGecko. Community Speculations Crypto community members are
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The ongoing case involving Ripple in the cryptocurrency industry is a matter of great interest and speculation. Many analysts are closely monitoring the situation, as the outcome of the SEC lawsuit is expected to have a significant impact on the price of XRP. However, despite the legal proceedings, some analysts are looking at technical patterns
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The month of May saw a significant surge in crypto investments, totaling around $1.02 billion. With Ethereum dominating the market, there were approximately 156 investments disclosed publicly. This indicates a growing interest in digital assets and blockchain technology. Despite facing money laundering allegations, Nigerian authorities dropped tax evasion charges against Binance executives. This decision, as
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The recent performance of Bitcoin in the past week has not been impressive, causing a ripple effect across the entire cryptocurrency market. Many large-cap assets also experienced significant losses during this period, indicating a general downturn in the market. Unfortunately, it seems that the price of Bitcoin is still not out of the woods, with
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The trading volume of Tether (USDT) on the TRON network has experienced a significant surge, reaching a staggering $53 billion. This impressive figure surpasses the average daily trading volume of payment giant Visa, which stood at $42 billion for Q1, 2024. This comparison is particularly noteworthy considering Visa’s status as one of the world’s largest
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The cryptocurrency market has seen a rise in political-themed meme coins in anticipation of the upcoming United States presidential debate between incumbent President Joe Biden and former President Donald Trump. These PolitiFi tokens, such as Super Trump (STRUMP), Maga (TRUMP), Maga Hat (MAGA), Jeo Boden (BODEN), and Doland Tremp (TREMP), have become speculative assets tied
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Bitcoin has long been considered a leading indicator in the cryptocurrency market, with its price movement often influencing the trends of other digital assets. However, recent data suggests a shift in behavior among long-term holders of Bitcoin and Ethereum. While Bitcoin holders have been selling off their assets since January, Ethereum holders have been accumulating
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Ripple, a prominent cryptocurrency company, is facing legal challenges following approval of a lawsuit in California. The lawsuit alleges that CEO Brad Garlinghouse made misleading statements that influenced investors to put their money into the digital asset XRP. The case is set to go to trial, where a jury will determine the veracity of the
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MomoAI stands out as a unique platform that harnesses the power of artificial intelligence to drive social growth within the TON and Solana ecosystems. By implementing advanced viral marketing techniques and incorporating AI-bot interaction, MomoAI aims to not only expand its user base rapidly but also ensure high levels of engagement. With a specific focus
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A recent development in the legal battle between the US Securities and Exchange Commission (SEC) and Kraken has seen a federal judge in California leaning towards allowing the lawsuit against the exchange to proceed. Judge William Orrick indicated that he is inclined to deny Kraken’s request for dismissal, raising questions about the exchange’s efforts to
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The recent Bitcoin price crash below $66,000 has sent shockwaves through the cryptocurrency market, resulting in over $90 million in liquidations within a 24-hour period. Despite the significant drop in price, analysts are warning that the worst may not be over yet. Crypto analyst Ali Martinez has expressed concerns that Bitcoin could potentially see another
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In the past 24 hours, the cryptocurrency market has shown signs of recovery after facing losses in recent days. Major digital assets like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) experienced slight gains, while coins related to artificial intelligence (AI) such as Fetch.ai saw significant pumps. This bounce back in prices has brought a sense
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Binance, the world’s largest cryptocurrency exchange, is currently facing regulatory challenges in various jurisdictions, including India. The Financial Intelligence Unit (FIU) in India recently fined Binance a substantial amount for non-compliance with Anti-Money Laundering (AML) regulations. The exchange was charged with operating in India without meeting the necessary statutory obligations, violating provisions of the Prevention
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Over the past few years, NVIDIA has emerged as a company that many see as the darling of Wall Street. With the largest market capitalization in the world, surpassing even tech giant Microsoft, it’s easy to see why there is so much excitement surrounding NVIDIA. However, is this hype truly justified? The Rise of NVIDIA
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A recent incident involving Kraken, a prominent cryptocurrency exchange, has shed light on the unethical behavior prevalent in the industry. The Chief Security Officer, Nick Percoco, revealed that a group of white-hat hackers exploited a bug in Kraken’s system to steal digital assets worth around $3 million from the platform’s treasury. Despite being approached by
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Blockchain security firm CertiK recently made headlines after discovering a critical vulnerability in the deposit system of the popular crypto exchange Kraken. The investigation revealed a loophole that allowed malicious actors to manipulate the system and withdraw fabricated funds. CertiK’s thorough testing also uncovered that millions of dollars could be deposited into any Kraken account,
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The blockchain gaming industry is on the brink of a major evolution as Ronin, the Ethereum sidechain network associated with Axie Infinity, prepares to introduce zero-knowledge Ethereum Virtual Machines (zkEVM) through the use of the Polygon Chain Development Kit (CDK). This development is anticipated to bring about a significant enhancement in the scalability and efficiency
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