Tag: Digital Assets
Bitcoin Price Plunges Below $97K Amid Failed Rally
Bitcoin Price Dips Below $97K Amid Market VolatilityIn the ever-fluctuating world of cryptocurrency, Bitcoin recently experienced a significant drop in price, falling below the $97,000 mark. This sudden decline followed a brief rally, adding...
Support for Staking in US Crypto Landscape
Staking in the US Crypto Landscape: Navigating Regulatory ChallengesStaking has become a cornerstone of blockchain innovation, revolutionizing the way digital assets are secured and maintained since the dawn of Bitcoin. This proof-of-stake (PoS) mechanism...
UNI Performance Update: Index Trading Lower, UNI Down 4.2%
The latest market update from CoinDesk Indices reveals some interesting movements within the CoinDesk 20 Index. As of February 4, 2025, at 2:11 p.m. UTC, the index is currently trading at 3366.83, marking a...
Ethereum Co-Founder Transfers $72 Million in ETH to Kraken Exchange
Ethereum co-founder, Jeffrey Wilcke, recently transferred a significant amount of ETH to the Kraken exchange. The transfer amounted to 20,000 ETH, which is worth over $72 million. This is the fourth time Wilcke has...
Altcoin ETFs to Fuel Explosive Growth in Crypto Market by 2025
Bloomberg's senior ETF analyst, Eric Balchunas, recently shared his insights on the potential impact of altcoin ETFs on the crypto market in 2025. According to Balchunas, the approval of over 40 altcoin-related ETFs could...
Navigating the Memecoin Mania: Binance Founder Urges Utility Innovation
Binance founder Changpeng Zhao has raised concerns about the current hype surrounding memecoins and is calling for more focus on developing utility-driven tokens. In a recent post on social media, Zhao acknowledged the popularity...
Understanding SEC Chair Gary Gensler’s Actions: Insights from Tyler Winklevoss
Former Olympic rower and crypto exchange Gemini co-founder Tyler Winklevoss has strong opinions about SEC Chair Gary Gensler's recent actions. In a post on X, Winklevoss expressed his belief that Gensler's behavior cannot be...
US Bitcoin ETFs Hold 1 Million Bitcoin Valued at $96 Billion
US Bitcoin ETFs currently hold a massive 1 million Bitcoin, with a total value of $96 billion. This staggering amount is close to surpassing the estimated 1.1 million BTC stash of Bitcoin's mysterious creator,...
Tokenized Money Market Funds: The Rise of Stablecoin Alternatives
The stablecoin market has seen significant growth over the past year, with an all-time high market cap of $171 billion. Major players like Visa, PayPal, Revolut, and Stripe have all entered the stablecoin space,...
Societe Generale Launches Stablecoin on Ripple’s XRP Ledger for Increased Adoption
Societe Generale, through its crypto subsidiary SG-FORGE, has made a significant move by extending its EUR CoinVertible (EURCV) stablecoin to Ripple's XRP Ledger. This decision comes as part of SG-FORGE's strategy to expand its...