Over recent weeks, the stablecoin market seems to have entered a somewhat dormant phase, barely breaching the $123 billion mark as we approach the latter part of October. Despite an unexpected surge in fiat-pegged token trading on October 13, stablecoin transactions only accounted for 22.96% of the total trade volume in the global cryptocurrency market. […]
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The U.S. Securities and Exchange Commission (SEC) has reportedly taken a step back from challenging a court ruling that favors Grayscale Investments' plans to convert their Bitcoin fund into an Exchange-Traded Fund (ETF). This information, reported by Reuters, could be an indicator of the regulator's evolving perspective on a Bitcoin ETF. The SEC's Decision: A
US SEC’s Stance on Grayscale’s Bitcoin ETF Conversion: A Game Changer? Read More »
The Reserve Bank of India (RBI) has taken an important step towards adopting digital currency. The institution recently announced the initiation of a pilot for a second use case of its wholesale central bank digital currency (CBDC), with a focus on the call money market. Reserve Bank of India's New Venture into Digital Currency According
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The globally recognized iris-scanning project, Worldcoin, has recently incorporated a state bridge into its infrastructure. This new addition allows users to establish and connect their personal bridge with the universal identity, known as World ID, and any blockchain compatible with Ethereum Virtual Machine (EVM). The latest data reveals that Worldcoin has successfully registered approximately 2.35
Grayscale’s Bitcoin Trust, popularly referred to as GBTC, has recently experienced a considerable shift in its market dynamics. In January 2023, GBTC was trading at a notable 48.31% discount to its net asset value (NAV). However, the gap has now shrunk to 16.59%, which suggests a shift in the market sentiment and brings potential implications
The Shrinking Gap: Grayscale’s Bitcoin Trust’s Discount to NAV at 16.59% Read More »
In an unexpected turn of events, the U.S. inflation rate outpaced predictions in September, with a year-on-year increase of 3.7% in the Consumer Price Index (CPI), according to the most recent figures from the U.S. Bureau of Labor Statistics. Despite a slight dip in core inflation from 4.3% to 4.1%, financial analysts expect that the
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In the ever-changing world of cryptocurrencies, XRP and Solana (SOL) have been making waves in the market. The past week has seen significant price movements for both cryptocurrencies, with XRP on a consistent downward trend and Solana nearing a crucial price floor. This article provides an in-depth look at these recent market trends. XRP's Six-Day
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Recently, Bitcoin (BTC) experienced a downward trend for four consecutive days, causing traders to pay close attention to the situation. Simultaneously, a confirmed fraudulent activity by Caroline Ellison on behalf of SBF has stirred up the market sentiment. Bitcoin's Market Performance Bitcoin, the world's largest cryptocurrency, has witnessed a significant dip in its value. In
Stepping up as a game-changer in the Bitcoin mining infrastructure, Digital Shovel proudly presents its latest breakthrough in the MiniPOD series, the S300 MiniPOD. This new MiniPOD modular cryptocurrency mining data center significantly enhances the design and functionality of the previous products. It streamlines various aspects of the installation and operation of a portable mining
Standard Chartered’s lead on forex and crypto research, Geoffrey Kendrick, and his team have recently proposed a bold prediction: Ethereum could skyrocket to $8,000 by 2026. The projection is backed by the strength Ethereum exhibits in areas such as smart contracts, gaming, and tokenization. These are the key drivers expected to fuel Ethereum's price surge.
A Bright Future for Ethereum: Predicted to Hit $8,000 by 2026 Read More »