Since its inception with the mainnet launch on August 9, 2023, Base, an Ethereum Layer 2 solution incubated by Coinbase, has witnessed an extraordinary trajectory in growth and adoption. The data reported by Delphi Digital underscores this impressive progression, particularly in terms of daily transactions and total value locked (TVL). Base has distinguished itself from
Crypto
In a significant move reflecting the tightening grip of regulatory measures in the crypto sector, Coinbase has announced the cessation of rewards for USD Coin (USDC) holders situated in the European Economic Area (EEA). Effective from November 1, the exchange’s decision is primarily driven by the impending implementation of the Markets in Crypto Assets (MiCA)
The ongoing challenges surrounding the importation of Antminer ASIC miners into the United States have raised significant concerns within the cryptocurrency mining community. Reports indicate that the US Customs and Border Protection (CBP) is currently holding several shipments of these devices at various ports, leading to substantial delays and financial strain for affected companies. The
November 2024 revealed a striking trend in the cryptocurrency sector, as hacks represented an astonishing 99.96% of all reported losses in the industry. This statistic, illuminated by a comprehensive report from Immunefi published in collaboration with CryptoPotato, indicates an increasingly alarming trend: the decentralized finance (DeFi) space is facing relentless attacks from hackers. Despite an
Stablecoins, currently valued at less than $200 billion in market capitalization, represent a minor fraction of the global financial landscape—only about 1% of the U.S. money supply and foreign exchange transactions. Despite their limited presence, a recent report from Standard Chartered and Zodia Markets indicates noteworthy potential for growth. This report, entitled “Stablecoins: The First
The cryptocurrency realm is experiencing a dynamic transformation as altcoins begin to assert themselves, nudging Bitcoin’s long-held supremacy. While Bitcoin currently hovers around the $97,000 mark, its steady decline in market dominance—now approximating 53%—is a signal that investors are exploring opportunities beyond the leading cryptocurrency. The total market capitalization is impressive, estimated at approximately $3.56
In recent months, the stablecoin market has experienced unprecedented growth, setting new records in market capitalization. The flurry of activity, as highlighted by a recent Bloomberg report, indicates that this segment of the cryptocurrency industry has expanded by a staggering 46% in 2024 alone. Stablecoins, known for bridging the gap between traditional financial systems and
Cardano’s ADA has recently captured the attention of investors, with a remarkable 180% price surge over the past month. This meteoric rise saw the token briefly surpass the $1 mark, a psychological barrier for many traders. Currently, the price fluctuates around this level, suggesting a significant transformation in market sentiment. A defining characteristic of this
In a progressive shift toward modern finance, Vancouver’s Mayor Ken Sim has proposed a noteworthy initiative to integrate Bitcoin (BTC) into the city’s investment portfolio. This move, aimed at solidifying Vancouver’s status as a cryptocurrency-friendly municipality, highlights the mayor’s vision of diversifying the city’s financial assets and safeguarding its economic future. During a recent city
In a significant stride towards validating cryptocurrency as a mainstream financial asset, Bitwise Asset Management has recently proposed a new exchange-traded fund (ETF) to the U.S. Securities and Exchange Commission (SEC). This proposal is anchored in Bitwise’s existing 10 Crypto Index Fund, which reflects an increasingly strategic approach to digital assets in the investment arena.