CoinMarketCap.com – DIGIT INFO

New ‘Pepe the Frog’ Crypto Token Becomes Sixth Largest Meme Coin by Market Cap

DIGIT — Thu, 20 Apr 2023 17:49:57 +0000

A new token named after Pepe the Frog, the infamous meme, and cartoon character created by Matt Furie, has entered the meme coin economy. The token is called Pepe (PEPE), and at the time of writing, it has become the sixth-largest meme coin asset in terms of market capitalization, valued at just over $130 million. […]

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Lido’s Staked Ethereum Token STETH Reaches $10.3B Market Capitalization, Ranks Ninth by Market Valuation

DIGIT — Mon, 20 Mar 2023 19:30:41 +0000

With the crypto economy experiencing significant gains over the past week and the price of ethereum rising 11.9%, the market capitalization of Lido’s staked ether has increased to $10.3 billion. This recent increase has propelled the token’s overall market valuation to the ninth-largest position, according to the crypto market capitalization aggregation website coingecko.com. Lido Finance’s […]

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Crypto Economy Swelled 80,466% Since 2013, Despite $1.5 Trillion Loss in 2022 Downturn

DIGIT — Wed, 01 Mar 2023 15:00:22 +0000

Nine years and nine months ago, on May 9, 2013, coinmarketcap.com recorded 14 cryptocurrency assets, and bitcoin’s overall valuation was $1.24 billion, with 11.13 million bitcoins in circulation at the time. Today, the same website indicates that there are 22,709 crypto assets. Additionally, the market capitalization of the crypto economy has grown significantly, increasing by […]

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Despite 2 Entities Holding 73% of the FTX Token Supply, FTT Price Still Holds Above $1 per Unit

DIGIT — Sun, 27 Nov 2022 19:00:04 +0000

While a large fraction of crypto assets dropped a great deal in value during the past few weeks and bitcoin is down 18.2% in 30 days, the exchange coin ftx token (FTT) still trades above a U.S. dollar per unit. Moreover, the unknown entity known as the ‘FTX Accounts Drainer,’ still holds the second largest […]

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Kraken’s Jesse Powell Takes Aim at Newly Launched Proof-of-Reserve Lists, POR Audit ‘Requires Cryptographic Proof’

DIGIT — Wed, 23 Nov 2022 21:00:03 +0000

On Tuesday, amid the many conversations concerning crypto exchange proof-of-reserves, Kraken executive Jesse Powell shared a screenshot of coinmarketcap.com’s newly launched proof-of-reserves (POR) dashboard. Powell said he planned to be “more assertive with calling out problems,” and he stressed that a POR audit “requires cryptographic proof of client balances and wallet control.” Jesse Powell Stresses […]

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People Are Still ‘Bullish’ About FTT and CEL, 2 Tokens Backed by Bankrupt Crypto Businesses

DIGIT — Fri, 18 Nov 2022 19:30:26 +0000

Despite the recent collapse and the exchange filing for bankruptcy protection, crypto traders are still paying more than a U.S. dollar for FTX’s FTT token on Friday, Nov. 18, 2022. FTT was once a top-30 crypto asset, and now the token has no rank on specific coin market aggregation sites due to locked FTT tokens […]

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New Study Says Number of Cryptocurrencies Now at 10,000 — Five Coins Account for 75% of Total Market Cap

DIGIT — Wed, 31 Aug 2022 11:30:28 +0000

The number of known cryptocurrencies surged from 6,000 in July 2021 to 10,400 in February 2022 before dropping to around 10,000 by August. Only five cryptocurrencies currently account for over 75% of the entire crypto industry market capitalization. A Thousand Cryptocurrencies Added Every Month According to the data from Augusta Free Press, the number of […]

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Stats Show Over 53,000 Wrapped Bitcoins Were Removed From Circulation in the Last 3 Months

DIGIT — Sun, 24 Jul 2022 21:50:16 +0000

Three months ago, there were 441,546 wrapped or synthetic bitcoins on the Ethereum and Binance Smart Chain worth $17.45 billion using exchange rates on April 24, 2022. Since then, that number has dropped by 53,582 synthetic bitcoins and today the number of wrapped or bonded bitcoins is approximately 387,964 worth $8.81 billion in value. Number […]

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Metrics Show Decentralized Exchange Volumes Continue to Slide This Year

DIGIT — Thu, 21 Apr 2022 23:30:08 +0000

Decentralized exchange (dex) volumes have been dropping since December 2021 according to current statistics. However, last month dex trade volumes spiked 2.37% higher than the volumes recorded in February. Despite the brief spike and with only eight days left in April, metrics show this month’s dex volumes will likely be much lower than in March. […]

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Binance Invests $200 Million Into the Business Magazine and Digital Publisher Forbes

DIGIT — Fri, 11 Feb 2022 06:30:29 +0000

Reports indicate that the world’s largest cryptocurrency exchange by trade volume, Binance, has announced the crypto company has committed to investing $200 million into the American business magazine Forbes. The digital currency company Binance confirmed the $200 million stake into Forbes on the social media platform Twitter. Binance Pledges $200 Million to Forbes Binance has […]

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