The stablecoin economy continues to shrink, with more than $ 3 billion in value removed from today’s top stablecoin valuations in less than 40 days. The dollar-pegged tokens USDP and GUSD experienced the largest 30-day reductions, shedding 45.1% and 27.2%, respectively. Top Stablecoins Tumble: $ 3 Billion Evaporates in Less Than 40 Days …
In February 2023, the AI-driven cryptocurrency sector reached a staggering $ 4 billion in value. Yet, it has since experienced a downturn of $ 1.42 billion. Over the last week, eight of the top 10 AI-based crypto tokens saw declines against the U.S. dollar. Downturn Hits AI Crypto Market Once a thriving market, …
Stuart Alderoty, CLO of Ripple, a cryptocurrency and payments services company, railed against the statements of U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler given in a recent congressional hearing. Alderoty criticized the stance taken by Gensler, stating that he “misstates the law” by declaring that tokens, standing alone, are investment contracts. Ripple CLO […]
Based on onchain metrics, a dormant wallet containing 61,216 ether acquired during the initial coin offering (ICO) has recently transferred the cryptocurrency after lying idle for a span of eight years. The funds have reportedly been sent to the crypto exchange, Kraken. This occurrence marks the fourth instance of activated ETH ICO tokens this year, […]
Over the last six months, the value of an ounce of gold has witnessed a 3.8% surge in relation to the U.S. dollar. Within the realm of cryptocurrencies, there exist two noteworthy tokens backed by gold: pax gold (PAXG) and tether gold (XAUT). Together, these tokens amass a considerable worth of nearly $ 1 …