Solana has seen significant growth in its decentralized exchange (DEX) volume, surpassing Ethereum in July. With $55.8 billion in transactions, Solana outpaced Ethereum’s $53.8 billion, marking its second-highest monthly volume to date. This surge can be attributed to platforms like Raydium, Orca, and Phoenix, which have contributed to the network’s success. Despite Solana’s impressive volume
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Joey Garcia, the Director and Head of Regulatory Affairs and Public Relations at Xapo Bank, has been a key player in the evolution of cryptocurrency regulation. His journey started in 2014 when he collaborated with Wences Casares to establish a regulatory framework for cryptocurrencies in Gibraltar. Despite facing initial skepticism and resistance, Garcia’s persistence led
Bybit, a popular crypto exchange, recently announced its decision to cease operations in France due to regulatory issues. The exchange cited new developments from the French regulator, which have presented licensing obstacles. This move highlights the challenges faced by cryptocurrency exchanges in navigating complex regulatory environments. In response to the regulatory changes, Bybit expressed its
As the world stock markets experience turmoil, the cryptocurrency market has not been spared from the volatility. Ethereum, one of the leading cryptocurrencies, faced a 3% loss this week. The price of Ethereum plummeted below the $3,300 mark, with buyers struggling to reclaim this significant support level. Currently, the support has shifted to $2,800, and
The recent endorsement of Bitcoin by former US President Donald Trump has once again thrust him into the limelight. Trump, who is reportedly considering a run for the White House in 2024, has taken a bold stance in support of the popular cryptocurrency. This move has not only garnered attention from the crypto community but
The decentralized finance (DeFi) sector has been making a comeback, with key metrics such as active loans and total value locked (TVL) showing growth from their lows in 2023. DeFi lending, which allows investors to lend their crypto assets in exchange for interest, plays a crucial role in indicating the participation and health of the
Lost Dogs is a groundbreaking game on Telegram that combines NFTs and token rewards with a story-driven format. This collaboration between Notcoin and Lost Dogs Co immerses players in a world of magic dogs where their daily decisions shape the storyline and characters within the game. The game focuses on interactive gaming, allowing players to
Coinbase, a leading cryptocurrency exchange, reported impressive total revenue of $1.449 billion for the second quarter of the year. This figure surpassed the market consensus estimate of $1.396 billion, showcasing the company’s strong financial performance. Compared to the same period last year, Coinbase saw a significant increase in total income, with a jump from $674.1
The recent Bitcoin2024 conference led by Bitwise CIO Matt Hougan has sparked a significant shift in market sentiment towards Bitcoin. Hougan believes that investors are currently “not bullish enough” about the potential upside of the flagship cryptocurrency. This change in outlook comes in light of various announcements made at the conference, showcasing support for Bitcoin
The recent data on Ethereum ETFs in the US paints a mixed picture, with net outflows totaling $77.21 million for the nine spot ETFs. The Grayscale Ethereum Trust (ETHE) experienced a significant outflow of $133.33 million on July 31st, further highlighting the ongoing trend of investors pulling their funds out of this particular ETF. Since