Machine money gains traction among EU regulators; stablecoins under consideration
The growth of stablecoins within the crypto asset market is undeniable, and the recent report by the Digital Euro Association (DEA) highlights potential opportunities for European-Union-denominated stablecoins within the context of machine-to-machine (M2M) payments and other aspects of decentralized finance. The report titled “The future of machine money – Opportunities for stablecoins in Europe” examines […]
Polygon (MATIC) At Risk Of Dropping To $1 Despite Mercedes Benz Deepening Partnership
Polygon (MATIC) At Risk Of Dropping To $1 Despite Mercedes Benz Deepening Partnership The Polygon (MATIC) price has shown an extremely bullish performance until mid-February but has come under heavy pressure in the last two weeks due to the sentiment in the broader crypto market, a supposed downtime of the Polygon blockchain, and the layoff […]
Ripple XRP Price Looking Strong Despite Crypto Market Turmoil
The Ripple (XRP) price is currently trading inside a symmetrical triangle that has been in place since June 2022. However, recent price action suggests that an eventual breakout from this pattern is the most likely scenario. Since the beginning of this year, XRP has tried to break out several times, and if it is successful […]
Report Suggests That Ethereum 2.0 Is Currently Undervalued
According to blockchain analytics platform Santiment, Ethereum 2.0 stakers have seen the realized value of their investments taper off over the past 10 weeks, and long-term stakers are now down an average of 31%. A chart shared on Twitter by Santiment shows that the realized value for ETH 2.0 stakers has flattened. Furthermore, the data […]
US Gov Law Enforcement Wallet Moves Millions in Bitcoin, Will They Sell?
Wallets connected to United States government law enforcement seizures, including those from the notorious Silk Road marketplace, have recently started moving Bitcoin, raising concerns over whether the stash is about to be sold off. According to Glassnode, a blockchain analytics provider, the US government’s estimated wallet balance was 144,500 BTC up until the recent move, […]
Crypto Twitter’s Mixed Reactions to a New Rollup Solution for Bitcoin
Scalability has been a major concern in the blockchain space for a long time, as the current infrastructure often struggles to handle large numbers of transactions efficiently. A solution unique to Ethereum, rollups, has gained significant traction recently as a way to compress multiple transactions into one, reducing the strain on the network and increasing […]
Yuga Labs Co-Founder Says First Bitcoin NFT Auction Doesn’t Open Door to Scammers
Yuga Labs Co-Founder Defends Bitcoin NFT Auction Process The recent auction of non-fungible tokens (NFTs) by Yuga Labs, the parent company of Bored Ape Yacht Club, on the Bitcoin blockchain has drawn criticism from users who are concerned that it sets a bad precedent for future NFT projects. The 24-hour TwelveFold auction, held last Monday, […]
Crypto.com Integrates Apple Pay for Visa Cards in Brazil
Crypto.com, a leading cryptocurrency marketplace, has recently announced an exciting new feature for its Visa card users in Brazil – the integration of Apple Pay. This means that customers holding a Crypto.com Visa card can now use any Apple device – whether it be an iPhone, Apple Watch, iPad, or Mac – to make purchases […]
Fed Chair Testifies At U.S. Hearing, Says “Can Speed Up Rate Hikes If Needed”
On Capitol Hill today, Federal Reserve Chair Jerome Powell gave his semiannual testimony on monetary policy in front of a panel of congressional senators. He assured them that the central bank is committed to lowering inflation and will use all means necessary to achieve this goal. Powell made it clear that the Federal Reserve will […]
DOGE’s $10B Market Cap Vs SHIB’s $5B Market Cap: Which Is Better?
Dogecoin and Shiba Inu have been popular cryptocurrencies among investors, with a combined market cap of $18 billion, even surpassing Cardano (ADA). However, choosing between DOGE and SHIB can be a difficult decision for those who prioritize short-term volatility over long-term viability. Dogecoin, which is still considered the king of meme coins, was launched in […]