Cryptocurrency

solana’s-stablecoin-supply-surpasses-$3-billion-with-usdc-leading-the-way
Posted by | April 3, 2024
Solana’s Stablecoin Supply Surpasses $3 Billion with USDC Leading the Way

The stablecoin supply within the layer-1 blockchain network Solana has experienced a steady rise since the start of the year, surpassing the $3 billion milestone in recent days. Data sourced...

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coinbase-adopts-bitcoin-lightning-network-for-faster-transactions
Posted by | April 3, 2024
Coinbase Adopts Bitcoin Lightning Network for Faster Transactions

Coinbase has joined the ranks of prominent cryptocurrency trading platforms like Binance by integrating the Bitcoin Lightning Network, fulfilling promises made by CEO Brian Armstrong. In a statement released on...

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crypto.com-to-launch-trading-platform-in-south-korea 
Posted by | April 2, 2024
Crypto.com to Launch Trading Platform in South Korea 

Crypto.com is set to introduce its digital asset trading services in South Korea by the end of this month, as announced on Tuesday. This move comes as part of Crypto.com’s...

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spot-bitcoin-etf-trading-volume-triples-to-$111-billion-in-march
Posted by | April 2, 2024
Spot Bitcoin ETF Trading Volume Triples to $111 Billion in March

Spot Bitcoin exchange-traded funds (ETFs) witnessed a significant surge in trading volume in March, reaching a staggering $111 billion. This notable increase, nearly tripling the trading volume from February, underscores...

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crypto-market-witnesses-over-$400-million-in-liquidations-as-bitcoin-drops-below-$67,000
Posted by | April 2, 2024
Crypto Market Witnesses Over $400 Million in Liquidations as Bitcoin Drops Below $67,000

Volatility in the cryptocurrency market has triggered liquidations surpassing $400 million in the past 24 hours. Bitcoin positions alone accounted for $130 million in liquidations, predominantly affecting long positions. The...

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dragonfly-leads-$12-million-seed-round-for-agora,-stablecoin-issuer
Posted by | April 2, 2024
Dragonfly Leads $12 Million Seed Round for Agora, Stablecoin Issuer

Agora, a stablecoin issuer, has successfully raised $12 million in seed funding, according to reports. Leading the round is venture firm Dragonfly, with additional contributions from General Catalyst and Robot...

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ethena’s-token-set-to-debut-on-exchanges-today-amid-airdrop-announcement
Posted by | April 2, 2024
Ethena’s Token Set to Debut on Exchanges Today Amid Airdrop Announcement

Ethena has initiated the claim process for its governance token (ENA) airdrop, allocating 750 million tokens, equivalent to 5% of its total supply of 15 billion, to eligible participants. The...

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makerdao-initiates-massive-$600-million-dai-investment-in-usde-and-susde
Posted by | April 2, 2024
MakerDAO Initiates Massive $600 Million DAI Investment In USDe And sUSDe

Decentralized Finance (DeFi) protocol MakerDAO is considering allocating 600 million DAI stablecoins to the USDe and staked USDe (sUSDe) protocols through the DeFi lending platform Morpho Labs. The proposed allocation...

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bitcoin-plunges-$5,000-in-24-hours-due-to-jump-in-interest-rates
Posted by | April 2, 2024
Bitcoin Plunges $5,000 in 24 Hours Due to Jump in Interest Rates

Bitcoin plunged by $5,000 within a span of 24 hours as interest rates surged, marking a turbulent start to April for cryptocurrencies and related stocks, especially mining stocks. The flagship...

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coinbase-and-circle-challenge-basel-committee’s-stablecoin-regulations
Posted by | April 1, 2024
Coinbase and Circle Challenge Basel Committee’s Stablecoin Regulations

Coinbase and Circle, two prominent players in the cryptocurrency industry, are contesting aspects of a proposal from the Basel Committee on Banking Supervision that aims to introduce stricter criteria for...

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