While stablecoins like USDC, DAI, and BUSD face significant redemptions, TUSD stands out with a remarkable increase in its supply. TUSD has added over a billion dollars’ worth of tokens to its circulating supply, pushing its market capitalization to approximately $3.13 billion. TUSD’s Supply Surged 52% on June 16, Adding a Billion Tokens In a…
Following the U.S. Federal Reserve’s decision to hold interest rates steady last week, investors are now looking ahead to two potential rate hikes that could push the federal funds rate to 5.6% by the end of the year, marking a 50 basis points (bps) increase from its current level. CME’s Fedwatch tool indicates a 25bps…
Christopher Goes, co-founder of privacy-focused blockchain Namada, highlights a key reason why many privacy protocols struggle to gain traction: subpar user experience. Goes points out that existing solutions, like Zcash, often require users to use specific assets for privacy, while others, like Tornado Cash, compromise privacy for compatibility with legacy systems. ‘Privacy Loves Company’ In…
Cleanspark, a publicly traded bitcoin miner, has revealed its latest move in the cryptocurrency space by finalizing agreements to acquire two fully equipped bitcoin mining facilities in Dalton, Georgia. The acquisition, valued at $9.3 million in an all-cash transaction, is anticipated to bolster Cleanspark’s existing operations by nearly 1 exahash per second (EH/s). Cleanspark Enhances…
Bitcoin continued its upward trajectory on Thursday, surpassing the $30,000 mark for the first time since April, despite concerns surrounding a recent moving average ‘death cross’. This surge coincided with anticipation over Federal Reserve Chair Powell’s upcoming testimony. Meanwhile, Ethereum also witnessed a surge, reaching a multi-month high. Bitcoin Thursday saw Bitcoin surging past the…
Recent reports suggest that Bangladesh is poised to embrace a formal invitation to join the BRICS bloc, adding a new dimension to the global economic landscape. AK Abdul Momen, the foreign minister of Bangladesh, confirmed the nation’s readiness to join BRICS, stating, “We will surely join once they invite us.” Bangladesh Eyes BRICS Membership: Foreign…
Romanian prosecutors have taken steps to seize 21 bitcoins valued at $563,000 from Andrew Tate, a controversial figure in social media circles. Tate, a British-American ex-kickboxer known for his online presence, faces serious charges of human trafficking and rape, which he vehemently denies. Prosecutors Target Andrew Tate’s Assets Amid Ongoing Legal Battle In an official…
In response to mounting apprehensions regarding the potential dominance of a digital version of the euro, a eurozone member state is taking measures to enshrine citizens’ right to make cash payments into its constitution. Slovakian Lawmakers Pass Constitutional Amendment Protecting Cash Transactions The Slovakian parliament has approved a constitutional amendment guaranteeing citizens the right to…
Federal Reserve Chairman Jerome Powell recently addressed the enduring presence of cryptocurrency within the U.S. economy, highlighting its potential as an asset class. Powell also underscored the Federal Reserve’s recognition of payment stablecoins as a viable form of currency, advocating for a robust federal regulatory framework to govern stablecoin operations. Powell’s Remarks on Crypto’s Endurance…
Amidst the overall crypto economy surpassing $1.2 trillion, the meme coin sector has seen remarkable growth this week, with the top five meme tokens posting significant gains over both 24-hour and seven-day periods. Leading this surge is Pepe, which has witnessed a staggering 34% surge in the last 24 hours and a remarkable 66% increase…