MicroStrategy holds the most bitcoin than any other corporate company. Its bitcoin portfolio has over 128,900 bitcoin with a value of nearly $2.6 Billion in today’s market. The publicly traded software company plans to purchase more in the coming days. MicroStrategy to Sell Part of its Shares to Finance Bitcoin Acquisition MicroStrategy informed the Securities…
In June 2022, the market cap gap between USDC and USDT was only about $10B. It seemed as if USDC was closing the gap and overtaking USDT, its biggest rival. The two most popular stablecoins began the year with a market cap gap of nearly $36B. However, a recent shift of events has seen Tether’s(USDT)…
The Helium Foundation revealed a proposal on August 30, informing users about attractive updates. The foundation confirmed the plans of Helium’s core team to shift towards the Solana blockchain. Though the platform scheduled a proposal to commence by September 12, the HNT price immediately dropped by 11% over the following 24 hours after the proposal’s…
NEAR Protocols introduced the initial Protocol Working Group conference to debate the recent improvement proposals for the platform. The group will bolster NEAR’s future and ensure heightened developments. Besides the new development-focused group, NEAR witnessed a lucrative performance in the previous week. The latest weekly update shows NEAR conducted 2.25M transactions with 751,293 average transfers….
Cardano remains a few days from its Vasil update as we welcome September 2022. Meanwhile, expectations remain high, especially for pre-upgrade rallies, as that is often whenever a blockchain platform introduces massive changes. If Cardano’s Vasil satisfies the anticipations, market players can expect surged investor excitement in the upcoming days. Cardano’s bullish trials in August’s…
The rate at which hackers target the decentralized ecosystem is rising daily. After a recent rug pull, the market value of a famous play-to-earn blockchain platform, the GameFi initiative, dropped by 99%. Similarly, another DeFi network lost millions to the recent attack on its platform. Moreover, the blockchain security and analytic firm PeckShield Alert posted…
Arbitrum, an Ethereum Layer2 solution, looks to regain its lost charm in the cryptocurrency space. The roll-up solution will undergo a massive Nitro upgrade next week. Meanwhile, Arbitrum witnessed an enormous surge in daily transactions, crossing 180,000 this week. Indeed, Arbitrum appears healthy compared to its rival, Optimism. Arbitrum’s organic growth saw it maintaining a…
Following a request from law enforcement, the largest global crypto exchange by transaction volume, Binance, is blocking a company account with more than $1 million in virtual assets. According to an announcement from Binance, it has suspended the account of a Tezos (XTZ) services provider that included $1 million in digital currencies. Moreover, the tool…
According to Shiba Inu’s official Twitter account, the Singapore-based MEXC exchange is set to reward eligible users in an upcoming event. The promotional event is jointly hosted by the exchange in partnership with Bone ShibaSwap (BONE), which has set the prize at 5,555 BONE, which is up for grabs in the “Sign Up, Deposit and…
In 2022, Kazakhstan’s law enforcement toward the crypto sector took a huge turn. The former haven for crypto miners became a nightmare as the country imposed heavy sanctions on crypto miners. However, the latest report reveals that the country has given Binance approval to operate in the region. Binance announced that it had received in-principle…
The rapid acceleration of crypto-based services has coincided with traditional institutions’ joining the digital asset movement. The Brazil-based brokerage firm Rico, a subsidiary of XP Inc., announced its plans to venture into the crypto market soon. Accordingly, the XP division is looking to expand its operations by moving to the banking sector. In addition, it…
After a brief price decline, the king of altcoins has recovered to recapture its lost price level. Following a drop in price on August 19, Ethereum has rallied again to return to the previous $1,700 value as activities on the network stabilize. Meanwhile, the number of active ETH wallets is increasing as the community anticipates…
A recent analysis of the spot markets shows that Ethereum and Bitcoin futures volumes are up again. Spot trading allows traders to buy and sell instantly delivered tokens to consumers. On the other hand, spot volumes are the number of digital currencies transferred on the on-chain platform. Spot Volume only indicates the successful transfers, not…
A group of cryptocurrency lobbyists has forwarded a warning letter to the European Union commission to stop its MiCA bill from banning stablecoins. The crypto group stated that the MiCA proposal might have a devastating effect on the cryptocurrency markets if pushed. A few days ago, there were reports that EU members were debating a…
The king of crypto and the broader digital asset market are currently in a downward trend as prices plunge further. Bitcoin’s value has plummeted by over 10% since Friday, August 19. This happened when many liquidations had impacted the more significant crypto market. Data from CoinMarketCap shows that the price decline of Bitcoin has a…
Crypto adoption thrives where there is official approval. And a government agency approving the use of digital assets could help boost its expansion. Financial institutions operating in South Africa and having crypto clients can now offer digital asset services. South Africa’s central bank has approved financial services providers to offer crypto services to their clients….
A crypto exchange-traded product (ETP) provider, Valour, has announced that it would issue crypto products to German banks. Accordingly, the two large German banks, Comdirect and Onvista, will provide their retail clients with crypto products. The crypto asset management company has partnered with German banks to allow their customers to integrate the Valour ETP as…
MTV, a famous American cable channel, is the latest to catch the metaverse fever. The cable channel has decided to launch a digital space in Roblox. MTV To Launch Digital Space On Roblox This development is part of the platform’s latest category of awards that would recognize musical performance in the virtual space. For this…
Since the inception and growth of BTC, various BTC supporters have stated that it would overtake Gold in terms of value. Meanwhile, the market has been pretty rough for Bitcoin as its market valuation fell out of the top ten earlier this year. However, reputable cryptocurrency experts have upheld that the prediction of BTC overtaking…
Since the advent of digital currencies, various institutions have been exploring their potential. Various institutions, including central banks, have supported using these nascent technologies for payment. This is due to the ease of usage, speed, and financial inclusion it offers even to unbanked citizens. Meanwhile, central banks and other financial institutions are exploring the usage…
