Traditional firms like JPMorgan and WisdomTree are seeking to turn Project Guardian’s blockchain proofs-of-concept into scalable financial products. Source: https://cointelegraph.com/news/jpmorgan-s-onyx-to-industrialize-blockchain-pocs-from-project-guardian
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Stablecoin Market Stabilizes at $160 Billion; FDUSD and PYUSD Lead Growth
Over the past 19 days, the stablecoin economy has stabilized with negligible growth after reaching the $160 billion threshold at April’s end. Out of the top five, FDUSD is currently the frontrunner in terms of 30-day growth, showing a 15.3% increase in supply. Stablecoin Valuation Holds Steady With Little Growth Following a period of rapid […] Source: https://news.bitcoin.com/stablecoin-market-stabilizes-at-160-billion-fdusd-and-pyusd-lead-growth/
NFT Sales See Week-Over-Week Decline as Market Continues to Cool
Non-fungible token (NFT) sales from May 4 to May 11, 2024, saw an 11.35% decline compared to the previous week’s figures. Leading the sales, Bitcoin-based NFT transactions totaled $49.8 million, yet this was a 13% decrease from the preceding week. NFT Marketplace Struggles as Sales Dip for Another Week As another week concludes, the metrics […] Source: https://news.bitcoin.com/nft-sales-see-week-over-week-decline-as-market-continues-to-cool/
Bitcoin halving 'danger zone' has 2 days left with BTC price retesting $60K
Bitcoin has almost completed its prime BTC price drawdown phase after April’s halving, the latest analysis confirms. Source: https://cointelegraph.com/news/bitcoin-halving-danger-zone-2-days-btc-price-retesting-60k
Interpol Nigeria boosts cybersecurity with virtual asset training
The training will enable officers to effectively address cybercrimes involving virtual assets, particularly stablecoins. Source: https://cointelegraph.com/news/nigeria-interpol-trains-on-virtual-asset-forensics-to-combat-cybercrime
Ethereum ETFs: Here Are All the Applications Awaiting SEC Approval
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports Following the historic approval of 11 spot Bitcoin exchange-traded funds in January, industry observers are now wondering when the United States Securities and Exchange Commission (SEC)…
Bitcoin Miner Cleanspark’s Net Income Tops $126.7 Million in ‘Record-Breaking’ Quarter
In the first quarter of 2024, Cleanspark, a U.S. bitcoin mining company listed on the stock market, reported revenues exceeding $111.8 million. The company’s net income for the same period was $126.7 million. Gary A. Vecchiarelli, the CFO of Cleanspark, partially attributes the company’s “record-breaking” performance to the surge in bitcoin prices. Impact of Bitcoin […] Source: https://news.bitcoin.com/bitcoin-miner-cleansparks-net-income-tops-126-7-million-in-record-breaking-quarter/
What is cryptocurrency insurance, and how does it work?
Learn how cryptocurrency insurance protects your digital assets from theft, hacks and other risks. Understand the coverage options and how this specialized insurance works. Source: https://cointelegraph.com/explained/what-is-cryptocurrency-insurance-and-how-does-it-work
IMF Official: Countries Are Reevaluating Their Reliance on the US Dollar
First Deputy Managing Director of the International Monetary Fund (IMF) Gita Gopinath recently revealed that some nations are reconsidering their reliance on the U.S. dollar. Gopinath explained that this originated in the recent shocks from the coronavirus pandemic, the geopolitical situation with Russia, and national security concerns. IMF Executive: Nations Examining Reliance on U.S. Dollar […] Source: https://news.bitcoin.com/imf-official-countries-are-reevaluating-their-reliance-on-the-us-dollar/
ARK and 21Shares drop staking plans from Ethereum ETF proposal
Bloomberg ETF analyst Erich Balchunas suggests the update may be a response to potential SEC feedback despite no official comments. Source: https://cointelegraph.com/news/ark-invest-21shares-drop-staking-from-ethereum-etf-proposal