In July, the total stablecoin market capitalization experienced a 2.11% growth, reaching an impressive $164 billion. This steady increase marks a ten-month consecutive ascent for major stablecoins, with their market dominance now standing at 6.93%. Tether, the largest stablecoin by market cap, saw a substantial 1.61% increase to $116 billion, setting a new all-time high.
Marathon Digital (MARA) recently released its second-quarter revenue report, which failed to meet Wall Street’s expectations. The company reported revenue of $145.1 million, missing the forecast of $157.9 million by approximately 9%. This revenue miss was attributed to various operational challenges, including unexpected equipment failures, transmission line maintenance at its Ellendale site, an increased global
Bitcoin, the pioneer cryptocurrency, is currently facing a crucial support level at $63,000. A crypto analyst, DonAlt, has warned that if Bitcoin fails to hold this support level, it could potentially crash to new lows, hovering around $42,000. DonAlt emphasized the importance of Bitcoin maintaining its price above the $63,000 mark. He pointed out that
Telegram, a popular social messaging platform, has recently launched a new in-app browser with built-in Web3 capabilities for its massive user base of nearly a billion people worldwide. This innovative feature aims to seamlessly integrate communication and news consumption by allowing users to easily switch between websites and messaging services within the Telegram app. The
Semilore Faleti is a well-known cryptocurrency writer who has made a name for himself in the field of journalism and content creation. With a keen eye for detail and a passion for unraveling the complexities of blockchain technology and cryptocurrency, Semilore has established himself as a trusted voice in the industry. Starting out by covering
The cryptocurrency market witnessed significant volatility this past week, with BTC experiencing a drastic drop of ten thousand dollars from Monday to Sunday morning. While there were various factors at play, many of them seemed to be closely tied to events in the United States. The week began on a positive note, with Bitcoin’s price
Over the past few hours, Bitcoin has experienced a significant price drop, falling below the $60,000 mark for the first time in several weeks. This sudden decline has sent shockwaves throughout the cryptocurrency market, with altcoins also suffering losses in response to the crash. Ethereum, for example, has dropped below $2,900, while other popular assets
Recently, the US Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) made headlines by charging Nader Al-Naji with orchestrating a multi-million-dollar fraudulent crypto asset scheme involving the social media platform BitClout and its native token BTCLT. The complaint filed by the securities regulator shed light on Al-Naji’s alleged misdeeds, revealing that he
The California Department of Motor Vehicles (DMV) has taken a significant step towards modernization by digitizing 42 million car titles through the Avalanche (AVAX) network. In partnership with software development firm Oxhead Alpha, this initiative aims to streamline the state’s title transfer process. The new application developed by the DMV will allow users to easily
In recent news, prominent on-chain sleuth ZachXBT has uncovered evidence linking convicted UK hacker Gurvinder Bhangu, also known as Gurv, to a series of high-profile hacks involving American actress Sydney Sweeney and ‘Breaking Bad’ actor Bob Odenkirk. These hacks resulted in the theft of over $530,000 through Solana meme coin scams. On July 2nd, Sydney
