Recent market statistics reveal that two specific cryptocurrencies, Cardano (ADA) and Avalanche (AVAX), have witnessed substantial gains in the past week, surpassing other top 20 cryptocurrencies in terms of market capitalization. In the previous seven days, Avalanche has surged by an impressive 48.7%, while Cardano has experienced an increase of 50.4% against the U.S. dollar. …
Gold's Record High and Modest Year-to-Date Increase Gold achieved a record high of $2,117 per troy ounce on Dec. 3, 2023, yet its price per ounce has decreased by 5.33% in the previous week. Despite hitting this unprecedented peak, its year-to-date increase against the U.S. dollar is relatively modest at 9.9%. In contrast, bitcoin, the …
Gold Hits Record High, Yet Bitcoin Steals the Spotlight With Stellar 2023 Surge Read More »
Sofi's Decision to Stop Offering Crypto Services Sofi, the financial services platform, has announced that it will no longer offer cryptocurrency services to its customers starting from December 19. The company made this decision due to increased scrutiny of the crypto sector by banking regulators. Sofi has provided instructions on its webpage for customers who …
US Financial Services Platform Sofi Announces Exit From Crypto Market Read More »
Bitcoin as an Alternative to Fiat Currencies Brian Armstrong, CEO of Coinbase, has recently reflected on the role that bitcoin might have in the future of Western civilization. In a post on X, Armstrong explained that "One idea I’ve been contemplating is that Bitcoin may be the key to extending western civilization" and that fiat …
Brazil to Discuss Digital Currencies as G20 President The government of Brazil, as the current president of the Group of the Twenty (G20), will focus on the topic of digital currencies and their potential benefits for financial transactions. Brazil aims to leverage its position to advance the digital agenda and evaluate how the twenty largest …
Brazil to Discuss Digital Currency Usage for Financial Transactions in G20 Read More »
Bitcoin Hits $44K Milestone, Outperforming Meta and Berkshire Hathaway On Tuesday, the price of bitcoin surpassed $44,000, reaching a peak of $44,011 per unit. Over the past month, the leading cryptocurrency has experienced a surge of more than 24%, with a 17% increase in the last two weeks alone. Bitcoin Breaks Through $44K Barrier, Reaching …
Bitcoin Surpasses Meta and Berkshire Hathaway with $44,000 Market Capitalization Read More »
Insights into the Bitcoin Price Surge Yiannis Giokas, a senior director with Moody's Analytics, has shed light on the factors that have contributed to the recent surge in the price of Bitcoin. He specifically highlighted the anticipated approval of spot Bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). Moody's Analytics, a …
Spot Bitcoin ETFs: The Driving Force Behind the Recent Price Surge Read More »
As Ethereum reaches a significant price milestone of $2,250, its movement within a 24-hour range of $2,151 to $2,271 indicates robust activity in the cryptocurrency market. With a substantial trade volume of $26.82 billion and a market capitalization of $269 billion, Ethereum continues to demonstrate its dynamic presence in the digital currency landscape. Mixed View …
Platypus Hackers Acquitted After Perpetuating $9 Million Exploit Mohammed and Benamar M., two brothers accused of exploiting Platypus, an avalanche-based automated market maker (AMM) platform, were acquitted of any criminal wrongdoing in a landmark case for French justice. The judge in charge stated that the individuals just interacted with a smart contract that gave "more …
Platypus Exploiters Acquitted of Wrongdoing in Landmark Case Read More »
Recent data reveals that the market capitalization of the recently introduced stablecoin, first digital usd (FDUSD), is rapidly approaching the $1 billion mark. This impressive growth represents a remarkable 253% increase in supply since August 4, 2023. Currently, there are approximately 921 million FDUSD tokens in circulation. FDUSD's Market Value on the Brink of $1 …
FDUSD’s Market Value Approaches $1 Billion in Just 120 Days Read More »