Starknet, an open-source framework that aims to bring scalability and privacy to decentralized applications (dApps) built on Ethereum, has seen dramatic growth in various DeFi apps on the network over the past few months, with its total value locked (TVL) recently hitting a new all-time high As of today, Starknet TVL stands at $10.49 million, a whopping ten-fold increase from…
The Paraspace NFT protocol saga over the whereabouts of the protocol’s fund took another turn on May 19 as co-founder Jay Yao resigned from his position in the company. Last Week, the NFT protocol made headlines over the missing funds and a barrage of accusations by chief executives and CEO against each other. The decision by Yao to leave the…
In this episode of Hashing It Out, recorded on the eve of Bitcoin 2023 in Miami, Cointelegraph’s Elisha Owusu Akyaw spoke to Cointelegraph journalist Joe Hall about what it means to be a Bitcoin (BTC) supporter and the current state of the Bitcoin network. The discussion ranged from Bitcoin maximalism and living on the Bitcoin standard, to Bitcoin Ordinals, BRC-20 tokens…
Bitcoin (BTC) stares at potential losses heading into the third-quarter of 2023 after U.S. lawmakers will likely reach an agreement on raising the debt ceiling. A $1 trillion liquidity hole ahead Raising the debt ceiling means the U.S. Treasury could issue new bonds to raise cash to meet its previous obligations. As a result, the cash pile at the Treasury…
Stablecoin issuers have poured hundreds of thousands of dollars into lobbying US lawmakers since the start of last year, records show, at a time when legislation of the sector looks to be back on the agenda. The industry’s biggest issuers Tether and Circle have spent more than a million dollars between them, according to filings collated by ProPublica. Tether, which…
Bitcoin bulls fail to stem fresh losses, with BTC price abandoning prior strength and opportunistic whales manipulating the arena with liquidity. Source: https://cointelegraph.com/app/public/index.php/news/bitcoin-price-retests-key-support-as-fed-rate-hike-fears-steal-27k
It’s been a brutal 72 hours for Ledger since it launched its Recover service. “What a horrible mess,” Éric Larchevêque, Ledger co-founder, said on the CryptoCurrency subreddit. “I’m devastated to come on this subreddit, that I created nine years ago, to see images of Ledger devices burning, insults, and lot and lot of anger. I’m honestly [on] the verge of…
beginner Cryptocurrencies have become a hot topic in the world of finance, with Bitcoin being the most well-known. However, there are many other cryptocurrencies out there, each with its own unique features and benefits. Dash is one such cryptocurrency that has been making waves in the industry. In this article, we will take a closer look at Dash, exploring what…
beginner As cryptocurrencies continue to disrupt the financial landscape, more people are venturing into the exciting world of digital assets. Considering a myriad of options, from Bitcoin to Ethereum, Ripple to Litecoin, it’s no surprise that a robust infrastructure has emerged to facilitate purchases, sales, and trading of these assets. One such component of this infrastructure is a crypto exchange.…
It is an empirical fact that the United States dollar is continuing to lose its dominant role as the global reserve currency, but what might happen to the stablecoin market should it be superseded? According to data from the International Monetary Fund, the U.S. dollar now accounts for just over 58% of global foreign exchange reserves, a considerable decrease from…
