The stablecoin market has seen significant changes in recent years, with Tether’s USDT losing its dominance. Kaiko’s latest data indicates a decline in USDT market share, dropping from 82% to 74% on centralized exchanges in 2024. This shift can be attributed to increased competition from stablecoins like FDUSD and the rising demand for regulated options
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The Bitcoin price has once again experienced a significant drop, falling towards the $56,000 level following a brief surge triggered by the CPI data release on Thursday. This fluctuation in price has sparked concerns among investors and traders alike, especially as the cryptocurrency market remains highly volatile. Despite initial attempts by bulls to keep the
Recently, Germany’s on-chain Bitcoin wallet balance reached zero, signaling that the sell pressure from the European economic powerhouse may be coming to an end. This news comes after weeks of bearish sentiment hanging over the crypto market, at a time when on-chain indicators are pointing towards a local bottom being near. The Government’s Wallet Activity
Elon Musk, CTO and chairman of X, took to social media to claim that the European Commission (EC) offered the platform an “illegal secret deal” to censor speech in order to avoid being fined in the EU. Musk made these accusations in response to the EC publishing their preliminary findings of an investigation under the
In a recent hearing, Judge Katherine Polk Failla raised concerns about Coinbase’s attempts to subpoena SEC Chair Gary Gensler in the ongoing SEC case against the cryptocurrency exchange. Judge Failla expressed skepticism about Coinbase’s motives in seeking Gensler’s communications, including statements made before he assumed the role of SEC Chair in 2021. She questioned the
Bitcoin, the pioneering cryptocurrency, has been making headlines with its recent surge to an all-time high above $73,000. This has sparked various debates among market watchers and analysts about whether Bitcoin has reached its peak for this cycle. However, a crypto analyst known as ‘CryptoCon’ has delved deep into Bitcoin’s recent price movements and future
The SEC recently closed its investigation into Hiro Systems and the Stacks blockchain without recommending any enforcement action. This investigation, which began over three years ago, has been a significant chapter in the history of the Bitcoin Layer-2 network. The investigation was initiated following the first-ever SEC-qualified offering by Stacks in 2019. Since then, the
Recently, the Securities and Exchange Commission (SEC) announced the closure of its investigation into Hiro and the Stacks blockchain without recommending any enforcement action. This investigation, which began over three years ago, has been a significant chapter in the history of the Bitcoin Layer-2 network. The SEC’s Enforcement Division launched the investigation following the first-ever
The recent actions taken by the German state of Saxony to deplete its Bitcoin reserves have sparked concern among both crypto investors and experts in the field. After seizing Bitcoin from Movie2K, a film piracy website, earlier this year, the government started auctioning off approximately $3 billion worth of BTC. The most recent development saw
Ethereum’s price has been on a downward trend recently, facing a second rejection at the $4,000 resistance level. The daily chart shows a pattern of lower highs and lows since failing to break the $4,000 mark. Additionally, the market has broken below the crucial 200-day moving average at around $3,100. Currently, the price is retesting