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Ethena Introduces Bitcoin as Backing Asset for USDe Amid Stirring Contagion Risks Concerns
April 5, 2024
Ethena, a blockchain project, recently incorporated Bitcoin as a collateral for its USDe synthetic dollar, an announcement that has roused a significant level of controversy regarding potential contagion risks. The …
Read moreBitcoin ETFs Experience Continual Inflows Despite GBTC’s Outflow
April 5, 2024
Overview According to recent data, Bitcoin (BTC) exchange-traded funds (ETFs) persist in seeing robust inflows, recording a collective net inflow of $106.8 million on April 4th. These figures represent the …
Read moreLearn Concept: Shift in Ethereum Market: Rise of Layer 2 Networks
April 5, 2024
Understanding Layer 2 Networks and their significance involve exploring a future scenario where these networks exhibit exponential growth, thereby affecting Ethereum's market dynamics. The prediction of Ethereum's Layer 2 networks …
Read moreCoinbase Achieves Restricted Dealer License in Canada
April 4, 2024
In spite of continuous regulatory issues in the United States, Coinbase has successfully secured a restricted dealer license in Canada. This development marks it as the largest registered cryptocurrency exchange …
Read moreEthereum's Security Designation Risk Reduces due to Decentralization, Analysts Argue
April 4, 2024
The risk of Ethereum being designated as a security is decreasing, largely attributed to changing dynamics in the blockchain's staking infrastructure. It's noted that the concentration risk is easing as …
Read moreGoogle Takes Legal Action Against Alleged Counterfeit Crypto App Scammers
April 4, 2024
Google has recently invoked legal proceedings against individuals accused of scamming over 100,000 people across the globe via counterfeit crypto apps distributed through the Google Play store. The lawsuit was …
Read morePotential Market Shifts Suggest Ethereum Layer 2 could Reach $1T Valuation by 2030 amidst Market Fluctuations
April 4, 2024
The growth potential of Ethereum's Layer 2 networks could see them skyrocket to a base valuation of $1 trillion by 2030, according to market predictions. This expected climb is largely …
Read moreBitcoin: A Revisitation of 2017's Market Volatility Amidst Current Challenges
April 4, 2024
Bitcoin Navigates Rough Waters Increasing market volatility has reportedly caused turbulence for Bitcoin in 2024, causing many investors to draw parallels between today's fluctuating market conditions and the rollercoaster ride …
Read moreRipple Set to Introduce a USD-Backed Stablecoin on Ethereum and XRP Ledger
April 4, 2024
Ripple, the prominent crypto payments firm, has hinted at the forthcoming launch of a dollar-pegged stablecoin this year. The stablecoin is poised to be circulated on both Ethereum and XRP …
Read moreA Series of Incidents Surrounds W Tokens and Solana
April 4, 2024
Multiple incidents have recently impacted the crypto industry— notably, the mishap concerning the airdrop of Wormhole's native W tokens and a series of dubious activities around NFT projects on Solana. …
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