The total adjusted on-chain volume for the leading two crypto assets, Bitcoin and Ethereum, decreased by 6.3% to $176 billion in August. Bitcoin volumes fell by 6.7% and Ethereum by 5.7%, marking the fifth month of declines since March. On-chain volumes are down 56% from the same month last year.Stablecoin adjusted on-chain volume increased by […]
Cryptocurrency has become a popular investment option for Turkish adults, with 52% of those aged 18 to 60 having invested in crypto, according to a survey conducted in May 2023. This is a 12% increase from 40% in November 2021, with young women aged 18 to 30 leading the charge with 47% investing in crypto. […]
KuCoin’s most recent report revealed that the interest in cryptocurrencies in Turkey has been growing rapidly in the past year and a half. The report estimated that 52% of the locals aged 18 to 60 have already invested in bitcoin or alternative coins, compared to 40% in November 2021. This increase in crypto investors is […]
Crypto asset manager Grayscale Investments recently won a lawsuit against the U.S. Securities and Exchange Commission (SEC) in its effort to convert its Grayscale Bitcoin Trust (GBTC) into a Bitcoin exchange-traded fund (ETF). The SEC had alleged that the GBTC didn’t have enough safe practices and fraud protection in place. Judge Neomi Rao accepted Grayscale’s […]
Sonik Coin, a new meme coin, is set to be listed on Uniswap next week and is projected to spark a new craze in the crypto space. The presale of Sonik Coin is nearing its final three days and has already secured over $1 million, nearing its $2 million target. The coin is valued at […]
Nicholas Merten, the host of DataDash, has warned his 512,000 YouTube subscribers that the altcoin market cap could soon bleed out a whopping $60 billion. Merten believes that the altcoin market is in a bearish pattern after recent bounces failed to print higher highs, indicating that the downtrend is intact. He also believes that Ethereum […]
At least five Ethereum liquid staking providers have either imposed or are working to impose a self-limit rule in which they promise not to own more than 22% of the Ethereum staking market. This proposal aims to address concerns of Ethereum staking becoming increasingly centralized. The self-limit was proposed at 22% because 66% of validators […]
Cryptoasset businesses in the United Kingdom are now required to withhold certain crypto transfers to comply with the new Travel Rule for crypto that came into effect on September 1. The Financial Conduct Authority introduced the rules targeting virtual asset service providers (VASPs) on August 17, which require them to collect, verify and share information […]
Pikamoon is a leading-edge GameFi project building the world’s most advanced real-time 3D metaverse for a photorealistic effect and immersive experience. The Pikaverse is built on Unreal Engine 5, the leading game development engine in the industry, which has been used in the creation of industry-leading games like Fortnite, The Matrix Awakens, and many more. […]
Bitcoin traders have been emboldened by Grayscale’s court victory against the SEC, which could have a major impact on upcoming spot Bitcoin ETF applications. This renewed confidence is seen in the futures market, where the Estimated Leverage Ratio (ELR) has risen from 0.22 to 0.25. This suggests that traders are taking on more risk in […]
