South Africa recently announced ambitious plans to integrate digital payments and cryptocurrencies into its financial system in an effort to stimulate economic growth, particularly for marginalized communities. This move is outlined in the country’s 2024 budget, highlighting the government’s commitment to fostering a digital economy through collaboration between the public and private sectors to drive
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Bitcoin’s price has been a topic of much speculation and analysis, especially as it hovers around the $52,000 mark. While many traders focus on price movements, a deeper dive into Bitcoin’s liquidity reveals a complex ecosystem that underpins the market. CryptoSlate, in collaboration with Kaiko, has delved into the intricate dance of buy and sell
In the fast-paced and constantly evolving world of cryptocurrency, a new trend has emerged that has captivated the attention of investors and enthusiasts alike – airdrops. These airdrops are essentially free tokens or coins distributed by blockchain projects to attract potential investors and users, ultimately aiming to increase visibility and promote their project. Airdrops come
Pudgy Penguins recently announced an expansion of its partnership with retail giant Walmart, introducing 1,100 new locations carrying Pudgy Toys and exclusive collectibles. This collaboration marks a significant milestone in their joint venture, signaling continued success for the brand. The partnership between Pudgy Penguins and Walmart initially began with the launch of Pudgy Toys, a
Despite Bitcoin’s impressive journey beyond $52,000 in just two years, the cryptocurrency seems to have hit a roadblock recently. Trading below this significant psychological threshold, the overall sentiment remains positive. Recent data reveals an interesting pattern among long-term holders of Bitcoin. These investors have collectively sold approximately 200,000 BTC since the beginning of the year.
Bitcoin has recently experienced a retracement after reaching a high of $53,000 on February 20. Despite this dip, Bitcoin whales are taking advantage of the situation by increasing their accumulation of the leading cryptocurrency. Ki Young Ju, the founder and CEO of the on-chain analytics platform Crypto Quant, highlighted in a recent X post that
In recent years, there has been a noticeable decline in the volume of Bitcoin stored in exchange wallets. This shift in investor behavior marks a significant departure from the trend observed in mid-March 2020 when over 17% of Bitcoin’s total supply was housed on exchanges, representing a record high. Despite Bitcoin’s 2021 bull run, which
The world of cryptocurrencies is ever-changing and full of excitement, especially in the case of Ethereum, the second-largest digital currency. With CEO Michaël van de Poppe’s bold prediction of Ethereum potentially surging to $3,800 to $4,500, investors are buzzing with enthusiasm. This optimistic forecast comes at a time when Ethereum’s current valuation stands at around
Coinbase’s non-US exchange achieved a significant milestone on February 20th, with daily trading volume exceeding $1 billion. This marked the first time that the international exchange reached this impressive volume mark. Coinbase CEO, Brian Armstrong, expressed his satisfaction with this achievement and highlighted the continuous growth of the platform. As reported by Coinbase International Exchange,
The Hong Kong Monetary Authority (HKMA) recently introduced new regulatory standards on the sale and distribution of tokenized financial products by authorized institutions. The goal of these standards is to promote innovation while safeguarding consumer protection in the rapidly growing field of tokenization. This innovative technology involves digitizing real-world assets (RWA) using distributed ledger technology,