Move aside Bitcoin (BTC), stablecoins are holding the spotlight. Crypto research outlets Arcane Research and CryptoRank confirm that stablecoin supply hit the milestone amount of $180 billion. The growth in stablecoins continues to outpace the rest of the market, up 6% in the past 30 days. In times of market volatility, stablecoins can offer price stability, backed
Cryptocurrency
The rise of community-oriented blockchain security companies may be making it more difficult for alleged bad actors to get away without a trace. Early Wednesday, CertiK issued a community alert regarding Flurry Finance, where its smart contracts were allegedly breached by hackers, leading to $293,000 worth of funds being stolen. Shortly after the incident, CertiK
Japan Exchange Group (JPX), the Tokyo Stock Exchange and Osaka Exchange owner, warned the public against companies that are misleading Japanese investors by selling crypto assets under the JPX brand. JPX issued the alert after receiving reports about an ongoing attempt to dupe unwary investors into trading Bitcoin (BTC) and cryptocurrencies on platforms misrepresented as
A rebound move witnessed in the Solana (SOL) market this weekend exhausted midway as its price dropped below the $90 level from a high of $96 on Feb. 21. In doing so, SOL price technicals are now risking a classic bearish reversal setup. Solana price risks dropping to $60 Dubbed head-and-shoulders (H&S), the technical pattern
A new class-action lawsuit demands a jury trial against A-list celebrities and social influencers for their alleged participation in a classic pump and dump scheme relating to SafeMoon tokens. SafeMoon, a Binance Smart Chain-native cryptocurrency, allegedly recruited a number of celebrities to lure investors in with misleading promotions. Some of the prominent names roped in
NFTs continue to make an impact on multiple sectors, and this mainstreaming is opening up new opportunities and revealing new trends for blockchain technology. Recently, the real estate sector has shown interest in blockchain technology because it opens up the potential for fractionalized ownership, cryptocurrency-backed mortgages and other unique ownership, financing and payment models. Here’s
The ongoing digital revolution and rise of the internet have upended the old global value structure over the past 30 years, and big data has become the new “gold” or “oil” — a fact demonstrated by the money-making capabilities of platforms like Google and Facebook. One blockchain project focused on the future of retrieving and
Bitcoin (BTC) is attempting to form a higher low as investors take advantage of lower levels to accumulate. Twitter user PlanC recently highlighted that the balance of addresses having at least two significant incoming transactions but no outgoing transactions has soared to a 57 month high. However, not everyone is bullish on the future prospects
Bitcoin (BTC) was on the cusp of making a new higher weekly close on Feb. 13 as bulls kept the market above $42,000. Bitcoin: Potential CME gap to come Data from Cointelegraph Markets Pro and TradingView tracked fairly stress-free conditions for BTC/USD over the weekend, with the weekly candle set to conclude in under 12 hours.
Analyzing the aggregate cryptocurrency market performance over the past 7 days could give investors the impression that the total market capitalization grew by a mere 4% to $2.03 trillion, but this data is heavily impacted by the top 5 coins, which happen to include two stablecoins. Excluding Bitcoin (BTC), Ether (ETH), Binance Coin (BNB) and
CoinGecko, one of the largest cryptocurrency tracking websites in the world, has suffered a major glitch on Friday morning, with Bitcoin (BTC) mistakenly losing its position as the largest digital currency by market capitalization to a lesser-known altcoin. The list of top-valued cryptocurrencies on CoinGecko briefly went somewhat irrelevant, with the BTC market cap temporarily
Shiba Inu (SHIB) is now the 13th-largest cryptocurrency with its market valuation sitting near $18 billion, right behind its rival meme-cryptocurrency Dogecoin (DOGE), worth roughly $20 billion. But despite falling behind in ranks, SHIB’s price has outperformed DOGE in 2022. February has seen a sharp recovery for the SHIB/DOGE pair, in particular, rising by over 38%
For payment tokens such as Alchemy Pay’s ACH, there may not necessarily be a world where cryptocurrencies are widely accepted as a medium of exchange for everyday transactions, such as buying a gallon of milk in the grocery store, without fiat. This is because two parallel economies exist, and bridges between fiat and cryptocurrency are
Avalanche (AVAX) recovery extended into its third week, primarily in the wake of similar upside retracement across the top crypto assets. On Thursday, AVAX’s price rallied by nearly 16% to reach $96.50, its best level since Jan. 14, 2022. The massive intraday move came as a part of a recovery that started Jan. 22, after
Ripple (XRP) price rose by nearly 30% in less than a week amid positive sentiment around the court case, in which the U.S. Securities and Exchange Commission (SEC) claims that Ripple sold XRP as illegal securities. SEC vs. Ripple Judge Analisa Torres has granted Ripple permission to respond to the SEC’s Memorandum of Law in
Bitcoin (BTC) zoned in on a multi-week high for the weekly close on Feb. 6 as a calm weekend helped fragile sentiment. Bitcoin should flip $41,000 to support Data from Cointelegraph Markets Pro and TradingView followed a mercifully non-volatile weekend for BTC/USD, which continued to test $42,000 resistance while retaining $40,000 as support. Friday’s unexpected gap
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