The introduction of the MiCA regulation has sparked a surge in demand for compliant stablecoins, with Circle’s USDC emerging as a key player in this space. According to a report by French blockchain analytics firm Kaiko, non-compliant stablecoins currently dominate the market, accounting for 88% of total stablecoin volume. However, with the implementation of MiCA
Crypto
Bitcoin has experienced a significant drop in price, reaching its lowest level since February 26 and stabilizing around the $57,000 range. This decline in price has been attributed to recent events such as substantial BTC sales by the German law enforcement agency, the Bundeskrimanalamt (BKA), and the creditor redemptions from the defunct crypto exchange Mt
Following a turbulent week for the cryptocurrency market, which was further exacerbated by negative news from Mt. Gox and the German government’s Bitcoin dump, Chainlink (LINK) experienced a brief rally. One of the key factors driving this uptick is the accumulation of over 6.2 million LINK by whales, amounting to approximately $76.88 million at current
Binance, one of the largest cryptocurrency exchanges in the world, recently made an announcement to delist four cryptocurrencies – BarnBridge (BOND), Dock (DOCK), Mdex (MDX), and Polkastarter (POLS). This decision has had a significant impact on the prices of these digital assets, leading to a double-digit decline almost immediately after the disclosure. The exchange cited
Bitcoin’s recent price action has sent shockwaves through the entire cryptocurrency market, leaving many participants anxious about the future of the bull market. The daily timeframe shows a clear bearish trend, with lower highs and lows being formed since dropping below the $70K mark. Last week, the market even breached the critical $60K level and
Recently, the cryptocurrency market has experienced a significant rebound, with Bitcoin reaching almost $58,000 and Ethereum spiking above $3,000. This surge in prices has brought relief to many investors who witnessed losses at the end of last week. Meme coins such as Shiba Inu have also seen noteworthy gains during this period. In the realm
The cryptocurrency market is experiencing a significant decline on Monday morning, with major coins such as ETH and XRP charting notable decreases. ETH has once again dropped below the $3K mark, seeing a 4% decrease in value, while XRP has decreased by 5%. The bulls are now fighting to defend the critical $0.4 level, but
In the world of blockchain networks, Ethereum remains a steadfast leader despite the emergence of various competitors offering lower fees and faster transaction times. Even with these advantages, users still prefer Ethereum, willing to pay higher fees to utilize its platform. According to data compiled by Lookonchain, Ethereum has dominated the competition by surpassing Bitcoin
Real-world assets (RWAs) have been gaining popularity in the cryptocurrency market, representing physical objects or properties that are tokenized on the blockchain through smart contracts. Earlier this year, the market capitalization of RWAs almost reached $9 billion, demonstrating a growing interest in this sector. However, a recent correction in the broader cryptocurrency market has caused
Bitcoin has experienced a period of stagnation in its price since reaching its peak in March. According to analysts at CryptoQuant, this stagnation can be attributed to the tight monetary policy in the U.S. The analysts reported on July 3 that the tightening of monetary policy in the U.S. since March 2022 has led to
