News
Trump-Backed Crypto Project WLFI Closes Token Sale After Raising $590 Million
World Liberty Financial Initiative (WLFI), the cryptocurrency project backed by former US President Donald Trump, has wrapped up its token sale, raising a staggering $590 million. This achievement places WLFI among the top ten largest token sales in history, according to data from ICODrops. ### WLFI Token Sale WLFI’s token sale was unique in that…
Continue ReadingDeep Dive on the Trump Reserve Token Whose Blockchain Ignores TVL
Trading volumes for Cardano’s ADA token have recently surged, with daily averages around $720 million in February, and soaring past $1.4 billion in March. This spike is attributed to a social media post from former U.S. President Donald Trump, who included ADA within the nation’s strategic crypto reserve, signaling endorsement to a wider audience. Originating…
Continue ReadingGrowth in Bitcoin and stablecoin adoption could accelerate dedollarization
The US dollar’s longstanding status as the preeminent global reserve currency is increasingly under scrutiny. While it commands nearly 60% of global foreign exchange reserves, the recent geopolitical climate and the strategic use of economic sanctions have catalyzed a move among several nations to reduce their dependence on the greenback. With the US accounting for…
Continue ReadingSIMD-228 Inflation Proposal Rejected as Solana Community Engages in Record-Breaking Vote
The Solana ecosystem has recently made headlines with a significant governance decision regarding its inflation reform. In a historic vote, stakeholders rejected the SIMD-228 proposal, aimed at transitioning from a fixed inflation model to a dynamic, market-driven one. The attempt garnered 61.4% support of the participating votes, falling short of the 66.67% threshold required for…
Continue ReadingHow Bitdeer Is Transforming Bitcoin Mining Machines
Application-specific integrated circuit (ASIC) chips are crucial to the Bitcoin mining landscape, engineered solely for optimizing the resolution of Bitcoin’s SHA-256 algorithm to secure block rewards. The industry is currently dominated by a few key players, particularly Bitmain, whose Antminer S19 exemplifies the advanced computational capabilities of these machines. The S19 can perform an astounding…
Continue ReadingWatch these Bitcoin price levels as BTC retests key $84K resistance
Bitcoin (BTC) approached the $83,000 mark during the Wall Street open on March 14, as traders gauged the market conditions necessary for a bullish turnaround. Amidst this environment, BTC/USD registered a daily gain of up to 5% before entering a consolidative phase, reflecting traders’ cautious outlook amidst broader macroeconomic uncertainties. ### BTC Price RSI and…
Continue ReadingBTC Price Maintains $80K After Favorable CPI Data, XRP to Get Commodity Status? (Your Weekly Recap)
The cryptocurrency market experienced another tumultuous week, characterized by significant volatility and emerging trends that have caught the attention of investors and analysts alike. After a relatively quiet weekend, where Bitcoin (BTC) hovered around $86,000 with minimal fluctuations, the start of the week brought unpredictability, sending BTC down to approximately $80,000 before a brief bounce…
Continue ReadingHong Kong fintech sector sees 250% blockchain growth since 2022
Hong Kong’s fintech landscape is burgeoning, with promising growth projections driven by cutting-edge innovations in blockchain, digital assets, and artificial intelligence. Currently, the region boasts over 1,100 fintech firms, including 175 focused on blockchain applications and 111 specializing in digital assets and cryptocurrency. Notably, these sectors have witnessed remarkable growth of 250% and 30%, respectively,…
Continue ReadingSEC Reportedly Considering Classifying XRP as a Commodity
The U.S. Securities and Exchange Commission (SEC) is contemplating a significant regulatory shift regarding XRP, potentially classifying it as a commodity rather than a security. This development appears to arise from ongoing settlement negotiations between the SEC and Ripple Labs, hinting at a possible change in the agency’s approach to cryptocurrency regulation. ### SEC Weighs…
Continue ReadingGold’s Historic Rally Brings Back BTC’s ‘Store of Value’ Debate
The current market climate is highlighting gold’s resiliency as a “store of value,” a title that the precious metal has reclaimed amidst recent economic turbulence. April gold futures have surged past the $3,000-per-ounce mark for the first time ever, solidifying this milestone for gold. In contrast, bitcoin (BTC), often dubbed “digital gold,” is facing challenges—down…
Continue Reading