The cryptocurrency market has continued to grow significantly since the beginning of this year, and the stablecoin sector is also showing significant expansion. According to DeFiLlama, stablecoin supply has grown by nearly $20 billion since the beginning of the year, reaching more than $150 billion. This is the highest level observed since the FTX collapse in November 2022. Why Stablecoin’s $150 Billion Surge Since January Matters Stablecoins are an important bridge between cryptocurrency markets and traditional fiat currencies. Stablecoins have a significant impact on liquidity given their penetration and popularity among traders. Therefore, the recent uptrend signals the prevailing optimism…
Author: Crypto Flexs
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The value of XRP has fluctuated slightly over the past 24 hours. Indicators for the token looked bearish. Ripple (XRP) According to AMBCrypto’s analysis, it was in a consolidation phase at the time of press. The token has not shown much volatility, which suggests investors may have to wait longer for things to turn bullish. So we decided to take a closer look at whether XRP’s trend will change in April. XRP is moving slightly AMBCrypto’s analysis of XRP’s daily charts shows that the token’s price has been moving in a range for more than two weeks after dropping in…
DOGE, the most popular memecoin on the Internet, is gaining attention again. Recent data shows a surge in futures market activity and strength in technical indicators, suggesting prices may explode soon. According to data from Coinglass, DOGE futures open interest has hit an all-time high of over $2 billion, indicating a significant increase in market activity. This means that traders are placing more bets on the future price of Memcoin, with many likely expecting the price to rise. DOGE flexes your muscles with big numbers. Further supporting the bullish case, DOGE funding rates have remained positive since the start of…
It has been reported that Binance CEO Richard Teng secretly visited Korea to negotiate with financial authorities regarding the ‘Gopax’ issue. The details and outcome of the negotiations are currently unknown. It has been reported that Binance CEO Richard Teng secretly visited Korea to negotiate with financial authorities regarding the ‘Gopax’ issue.According to News 1. The purpose of his visit and the details of the negotiations have not yet been made public. Binance is one of the world’s largest cryptocurrency exchanges and has been expanding its presence globally. However, it faces regulatory challenges in several countries, including Korea. The ‘Gopax’…
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In the dynamic world of cryptocurrency, innovative approaches to mining and strategic token burning are reshaping the landscape for investors and enthusiasts alike. In these changes, BlockDAG It emerges as a pioneering mobile mining solution that bypasses the complexities associated with traditional mining methods for cryptocurrencies such as Shiba Inu and Waves. With the user-friendly BlockDAGX1 app, BlockDAG is on track for significant expansion, highlighted by a successful pre-sale journey and the potential for a massive 5,000x return on investment. Waves’ Optimistic Future Amid Market Fluctuations Despite experiencing volatility, including a decline from an all-time high of $62.36 in March…
HKVAEX, a Hong Kong-based cryptocurrency exchange, is phasing out its services and will close completely by May 1, 2024. Hong Kong-based cryptocurrency exchange HKVAEX has announced that it will be phasing out its services and shutting down its platform completely. This decision comes amid increasing regulatory scrutiny of the global cryptocurrency industry. HKVAEX’s suspension coincides with a period of increased regulatory focus, particularly in regions such as Hong Kong, where financial authorities are working to establish a clear framework for virtual asset service providers. The immediate suspension of new user registration and virtual asset deposit services was the first step…
The reason why Ripple’s native token, XRP, has become a hot topic in the cryptocurrency market is not because of the recent price surge, but because of its shortage. Despite a booming market with Bitcoin and Ethereum rising significantly, XRP remains stagnant, raising concerns among investors. However, cryptocurrency strategist Andrew Forte’s latest prediction has reignited discussion about XRP’s potential, with a lofty target of $100 per token by 2037. Will XRP reach $100? Forte’s predictions are certainly ambitious, but this isn’t the first time XRP has been touted as a future frontrunner. The token underperformed in the early stages of…
Disclosure: The views and opinions expressed herein are solely those of the author and do not represent the views and opinions of crypto.news editorial. In recent months, the cryptocurrency world has been abuzz with anticipation for the impending Bitcoin halving event. We are witnessing the most dramatic halving price increase ever recorded, with Bitcoin hitting all-time highs well ahead of schedule according to the four-year cycle theory. This surge has had a noticeable impact on the altcoin market, especially the web3 gaming sector. Memecoin and AI projects have dominated the altcoin narrative, but now capital is turning to the GameFi…
Judge James Mellor, hearing the case brought by the Crypto Open Patent Alliance (COPA), found in his March 14 ruling that Wright did not write the Bitcoin white paper or early versions of the Bitcoin software. Shortly thereafter, Wright notified Companies House, the UK’s corporate register, that the shares in his RCJBR holding company had been transferred to DeMorgan, a company organized under the laws of Singapore.