The idea behind “stablecoin” seems simple, it’s digital money with a fixed value. But this idea has been called into question by recent comments made by Adrian Orr, the governor of New Zealand’s central bank, who described it as inconsistent. As per the parliamentary session reported by Bloomberg, Orr opined that stablecoins are intrinsically unstable […]

Investments in digital assets surged by $1.1 billion, bringing the year-to-date total to $2.7 billion. With the recent market recovery and subsequent price hikes, the total assets under management (AuM) have reached their highest point since early 2022, hitting $59 billion. According to Coinshares’ latest edition of Digital Asset Fund Flows Weekly Report, Bitcoin dominated […]

As of 2024, Optimism stands out as the top performer in the layer 2 space, boasting the highest total active addresses compared to other layer 2 platforms. The growth rate of Optimism addresses surpasses its counterparts, positioning it as a frontrunner in the evolving landscape of layer 2 solutions. Optimism Mainnet consistently maintains a dominant […]

Lawyers overseeing FTX’s bankruptcy have said they expect customers of the failed crypto exchange to be reimbursed in full. The money to pay back creditors would come from FTX’s investments, which have appreciated enormously in value since the lows following the exchange’s collapse. SBF is expected to face a significantly less severe sentence for his […]

Ethereum has been on an upward trajectory over the past week, surpassing the $2,600 mark with a notable 7% gain, indicating a strong positive momentum in the market. However, today, the token experienced a slight dip in value, seeing a nearly 2% decline and currently trading at $2485. Spotonchain data reveals an intriguing development involving […]

The price of IMX has surged by more than 10% today and 32% over the past week, marking a significant uptick following a period of neutral trend.  This notable increase indicates a growing bullish sentiment surrounding the currency, fueled by increased bull power within the cryptocurrency industry. In tandem with the price surge, Immutable’s 24-hour […]

Secret Network’s native token, $SCRT, has experienced a remarkable surge, emerging as the top gainer on leading cryptocurrency exchange Binance. With a staggering 500% increase in trading volume within 24 hours and a notable 24% price surge, $SCRT has captured the attention of the crypto community. Secret Network’s prominence in the Cosmos IBC ecosystem is […]

Investors are expressing apprehension following news that Daniel Wang, the creator and former CEO of Loopring, a decentralized exchange protocol, transferred a significant portion of the system’s token, LRC, to Binance, the leading cryptocurrency exchange platform.  This move has contributed to a decline in the token’s value, which had experienced a 5% increase over the […]

FSCA announced in 2023 that all VASPs in the country would be required to apply for a license as part of a new regulatory regime. The deadline for the applications was last November 30, 2023. […] Read More… The post South Africa edging closer to issuing VASP licenses: FSCA official appeared first on CoinGeek.

The U.S. Securities and Exchange Commission (SEC) has adopted rules to require firms that act like dealers to register with the Commission. A lawyer explained that the securities regulator took a shot at decentralized finance (Defi) with the rules, which explicitly target decentralized exchanges’ (DEX) liquidity providers (LPs) with at least $50 million in assets. […]