Toncoin (TON), the cryptocurrency associated with the popular messaging app Telegram, is making headlines as its Masterchain reaches a record 946 active addresses per day. This achievement has driven an almost 9% increase in Toncoin’s value, bucking the downward trend of the broader market. Maartunn, analyst at CryptoQuant Research, claims that since July 2021, the … Read more
Tether, the issuer of the USDT stablecoin, announced its collaboration with Phoenix Group and Green Acorn Investments to develop a new stablecoin pegged to the United Arab Emirates dirham (AED). The initiative is intended to “lead the way” in seeking licenses under the country’s new regulatory framework and facilitate transactions. Tether unveils stablecoin pegged to … Read more
Image credited to: Cointelegraph.com Today in the world of cryptocurrencies, Bitcoin is making headlines with a number of major activities. Firstly, Mt. Gox, the infamous and now defunct cryptocurrency exchange platform, has transferred a whopping $700 million worth of Bitcoin. This is the first major transaction since late July, as they moved around 12,000 BTC … Read more
Crypto corporations have become the dominant force in federal election spending, spending more than $119 million to influence the outcome of the US election. According to a report by the According to nonprofit Public Citizen, nearly half of all corporate money contributed to this year’s US election came from crypto investors, totaling $248 million. This … Read more
Key points More than 70% of cryptocurrency investors consider digital assets to be key to wealth creation. 64% of retail investors are investing in digital assets and 69% plan to increase their holdings. Share this article More than 70% of cryptocurrency investors consider this asset class as a key component of their wealth creation strategy. … Read more
Brazil’s Securities and Exchange Commission (CVM) has given the green light to a second Solana exchange-traded fund (ETF), weeks after approving the first one on August 8. According to the CVM central database, the product will be launched by Hashdex, a Brazil-based asset manager, in collaboration with local investment bank BTG Pactual. Solana’s second ETF … Read more
On August 5, Bitcoin fell below $50,000 in a flash crash that led to the liquidation of many positions in the cryptocurrency market. This sudden drop, which spread to other cryptocurrencies, took the market by surprise. As such, Bitcoin fell to its lowest price in six months, and many other altcoins followed suit. Although Bitcoin … Read more
On-chain data shows that Litecoin transaction volume has more than doubled over the past year, a sign that could be positive for the network. Litecoin transaction volume has shown steady growth recently In a new mail At X, Jay Milla, director of the Litecoin Foundation, has talked about the growth in on-chain activity that LTC … Read more
Gryphon Digital Mining, Inc. (NASDAQ: GRYP) has taken a major step toward reducing its energy costs by acquiring Bitcoin mining operations in Louisiana that leverage ultra-low-cost electricity at approximately $0.01 per kilowatt hour (kWh). Gryphon acquires ultra-low-cost energy mining operations at ~$0.01/kWh. Highlights include: • Ultra-low cost of ~1 cent per kWh• A pipeline of … Read more
Tron meme coin developer SunPump has attracted a lot of attention by generating over $1.1 million in revenue days after its launch. Despite the platform’s success, there is still growing skepticism about the sustainability of meme coins, particularly as data shows that most traders on similar platforms like Solana’s Pump.fun are losing money. Meanwhile, Solana’s … Read more
