Usual Protocol has introduced a revenue-sharing model to stabilize its ecosystem following USD0++ depegging from $1. Source: https://cointelegraph.com/news/usd0-stablecoin-depeg-revenue-switch?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: January 2025
Base Blasts Off 219% as NFTs Hit $155M This Week: Winners, Losers, and Big Spenders
Non-fungible token (NFT) sales climbed 10.7% over the past week, amassing $155.6 million in sales within a seven-day window. Penguins, Abstract Beings, and Base’s Meteoric Rise According to data from cryptoslam.io, while overall NFT sales increased, the number of buyers dropped by a staggering 85.1% compared to the prior week. Ethereum-based NFTs maintained their dominance, […] Source: https://news.bitcoin.com/base-blasts-off-219-as-nfts-hit-155m-this-week-winners-losers-and-big-spenders/
VCs: Unlikely Heroes of Crypto Fundraising? Expert Says Current System Is Flawed, Better Models Exist
A founder of the Web3 product studio argues that venture capital (VC) participation in token launch events has filled the gap left by the decline of initial coin offerings as a fundraising method. Crypto Ecosystem Reached Current State with Help from VCs and Whales According to Griff Green, venture capital (VC) participation in token launch […] Source: https://news.bitcoin.com/vcs-unlikely-heroes-of-crypto-fundraising-expert-says-current-system-is-flawed-better-models-exist/
Key Developments Propel World Network to 20M Participants in 2024
World, formerly recognized as Worldcoin, disclosed the project achieved progress in 2024, marking a transformative chapter for the initiative. The network grew to encompass over 20 million participants, including 10 million verified human users expanding its global footprint. World Advances Blockchain Technology Amid Rapid Network Growth In a 2024 summary, the World.org blog reported that […] Source: https://news.bitcoin.com/key-developments-propel-world-network-to-20m-participants-in-2024/
Bitcoin trader warns risk 'is peaking' in crypto cycle, calls for caution
While Bitcoin analyst Willy Woo advises caution over the coming months, other crypto analysts are optimistic that Bitcoin has a “high probability of reversal.” Source: https://cointelegraph.com/news/crypto-trader-bitcoin-risk-peaking-caution-ahead-willy-woo?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Ripple’s RLUSD Powers California Wildfire Relief With Crypto Donation
Ripple and Moonpay have made a joint donation of $50,000 worth of RLUSD, Ripple’s new stablecoin tied to the U.S. dollar, to the Los Angeles Fire Department Foundation (LAFDFoundation). This contribution aims to support first responders battling the devastating California wildfires. Ripple highlighted their commitment to evaluating additional ways to assist these critical emergency efforts. […] Source: https://news.bitcoin.com/ripples-rlusd-powers-california-wildfire-relief-with-crypto-donation/
DOJ Indicts 3 Russians for Operating Crypto Mixers Linked to Cybercrime
Russian nationals face charges for allegedly using cryptocurrency mixers to launder proceeds from ransomware, wire fraud, and theft, obscuring illicit funds’ origins, the DOJ says. Russian Nationals Face DOJ Charges for Laundering Cryptocurrency Theft Proceeds The U.S. Department of Justice (DOJ) announced on Jan. 10 the indictment of three Russian nationals for operating cryptocurrency mixers […] Source: https://news.bitcoin.com/doj-indicts-3-russians-for-operating-crypto-mixers-linked-to-cybercrime/
99.6% of Pump.fun traders haven't locked in over $10K in profits: Data
While Dune data suggests most Pump.fun traders haven’t realized over $10,000 in profit yet; an onchain analyst argues it doesn’t fully capture what’s happening. Source: https://cointelegraph.com/news/pump-fun-crypto-traders-majority-do-not-realize-profits-dune-data?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Santander: El Salvador’s Bitcoin Adoption Fuels Tourism Boom
El Salvador’s tourism soared in 2024, with bitcoin adoption and safety reforms transforming the nation into a global powerhouse, driving unprecedented economic and tourism growth. Bitcoin-Led Tourism Boom Positions El Salvador as a Global Model Santander US Capital Markets LLC, a division of the global financial giant Banco Santander, published a report on Jan. 10 […] Source: https://news.bitcoin.com/santander-el-salvadors-bitcoin-adoption-fuels-tourism-boom/
Crypto’s Wild Week: $190B Wiped Out as Markets Stage a Fragile Comeback
Over the past week, the cryptocurrency market has faced a decline, shedding $190 billion since Jan. 4. However, by Friday, as the weekend nears, the market exhibited a modest recovery, posting a 2.2% gain over the preceding 24 hours. FAI and AIXBT Rocket While Crypto Economy Battles a Setback The past week has been turbulent […] Source: https://news.bitcoin.com/cryptos-wild-week-190b-wiped-out-as-markets-stage-a-fragile-comeback/