Nearly every token Binance listed in 2024 is now bleeding red — Coin98
Part of the problem is the airdrop model for token distributions, which has grown in popularity in recent years. Go to Source
Month: August 2024
Stablecoin Market Sees PYUSD Supply Swell While USDE Shrinks With Redemptions
Over the past 12 days, the stablecoin economy has maintained a similar value, yet the supply of dollar-pegged crypto assets PYUSD and USDE has experienced notable shifts. Over the last 22 days, Paypal’s PYUSD supply increased by more than 70%, while Ethena’s USDE saw an 8.82% decrease within the past 13 days. Ethena’s USDE Drops … Read more
How mobile technology can drive mass Web3 adoption
According to the Global System for Mobile Communications (GSMA), 49% of individuals globally access the internet from smartphones. Go to Source
CoinShares revenue surges 110% in Q2, driven by FTX claim sale
CoinShares revenue for the second quarter of 2024 rose to nearly $28.5 million. FTX bankruptcy proceedings generated a return of 116% in the quarter. Go to Source
Convergence congratulates attacker, attempts to open negotiations
The Convergence team posted a message to the Ethereum network, stating it believes the attacker ‘acted as a white hat.’ Go to Source
Bitcoin Miner Genesis Digital Assets Launches Heat Repurposing Project in Sweden
Genesis Digital Assets Limited (GDA) has embarked on a new project in Norsjö, Sweden, utilizing surplus heat from one of its bitcoin mining data centers to warm a local garage. This collaboration with Swedish company Muttern Fastigheter showcases an innovative approach to enhancing energy efficiency within the industry. GDA and Muttern Fastigheter Collaborate on Sustainable … Read more
Bitcoin traders regain optimism as BTC price aims to reclaim $57K
Traders say Bitcoin presents the “best buying opportunity” after BTC’s price rebounds toward the $57,000 level. Go to Source
Saylor says BTC strategic reserve is ‘Louisiana Purchase’ moment for US
Michael Saylor previously forecasted that Bitcoin will reach approximately $13 million per coin by 2045. Go to Source
Crypto Market Volatility Fuels $1.2B Inflows at Binance
On Aug. 5, 2024, global crypto trade volume surpassed $200 billion, and current 24-hour statistics show approximately $148.26 billion in volume has been finalized the following day. Data reveals that Binance, the leading crypto exchange by trading volume, experienced inflows of $1.2 billion over the past day. Binance CEO Richard Teng noted that this “marks … Read more
Valour to launch digital asset ETPs in Kenya
Valour is moving out of Europe to the green pastures of Africa by way of passporting. Go to Source