reporter Posted on: December 12, 2023 Last year, more than $7 trillion in transactions were settled through stablecoins. Recently, the circulating supply of ERC-20 stablecoins has increased significantly. Slowly but surely, stablecoins are emerging as a viable medium of exchange globally. According to a recent report from USD Coin (USDC) issuer Circle, more than $7 trillion in transactions were settled using stablecoins last year. This is a significant milestone compared to payments giants Visa and Mastercard’s combined $14 trillion in global payments. Refocus on stablecoins Unlike some other volatile cryptocurrencies, stablecoins are tightly tied to native fiat currencies, especially the…
Author: Crypto Flexs
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Ever since the infamous Taproot Wizard 4mb block Bitcoin miners have been fighting to block the inscription. The inscription is clearly It’s bad for Bitcoin, but the way Bitcoin miners are trying to stop it will be much worse than the damage the inscription could cause.Inscriptions work by using tricks in Bitcoin Script to insert images or other data into the Bitcoin blockchain. They essentially put data into an unreachable block of code followed by actual spending terms so that users can claim the ordinal/NFT. This is a very ingenious trick, but it breaks many of the assumptions many Bitcoin…
KuCoin, a cryptocurrency exchange based in Seychelles It was agreed to cease all operations. Paid more than $22 million for settlement in New York Litigation with New York Attorney General It concerns the illegal sale of unregistered securities and products.The company now reportedly owes New York-based KuCoin users $16.7 million worth of refunds for cryptocurrency transactions and an additional $5.3 million to the Attorney General’s Office, according to legal filings. KuCoin also acknowledged under the settlement that it operates a cryptocurrency exchange that allows users to buy or sell cryptocurrencies that are “securities or instruments as defined under New York…
Chainwire, Stockholm, Sweden, December 12, 2023 Chromia’s Appnet continues to grow as My Neighbor Alice, a fully on-chain game, enters Alpha Season 4. Chromia, a relational blockchain platform designed for decentralized applications, has migrated its fully on-chain game, My Neighbor Alice, to a shared appnet, coinciding with the announcement of Alpha Season 4 of My Neighbor Alice. Chromia’s Appnet provides a closed beta environment for decentralized applications (dapps) to leverage real-world assets, build a user base, and demonstrate the platform’s technical potential. Appnet has shown steady growth and expansion since launching online services in October 2023. We are already working…
The cryptocurrency market is always full of surprises, and recent trends are no exception. On Monday, December 11, Bitcoin and its altcoin peers took a step back from impressive 20-month highs. However, despite this slight pullback, prices are still dancing near the peak of the recent surge. These stability concerns have everyone’s eyes fixed on the upcoming Federal Reserve decision, which could spark a whole new wave of enthusiasm among investors. Speaking of waves, altcoins have been riding a pretty big wave recently. Excluding Bitcoin, the total market value jumped from $526 billion in September 2023 to a whopping $622…
The Chicago Mercantile Exchange remained the preferred platform for traders for Bitcoin futures even as BTC saw a 4% price correction amid a broad market decline. Bitcoin (BTC) futures positions on the Chicago Mercantile Exchange (CME) fell more than 10% between December 11 and December 12, according to CoinGlass. The decrease in open interest (OI) amounted to approximately 11,000 Bitcoin, which was the largest decrease among exchanges at the time. Despite these changes, CME was the top venue for BTC futures open interest at press time, outpacing its closest competitor, Binance, by at least 10,000 BTC. CME previously promoted Binance…
Celestia Tia +18.07% We plan to integrate the data availability layer with Polygon Labs’ chain development kit, an open source codebase used for layer 2 chain development.This integration introduces a specialized data availability solution for Layer 2 projects using Polygon CDK, such as OKX, Immutable, Astar, IDEX, Palm Network, and more. This aims to potentially reduce gas fees for these projects, which are part of Polygon 2.0, which envisions an ecosystem of layer 2 chains that can interact with each other.The layer 2 network developed in Polygon’s CDK uses zero-knowledge rollup technology. They aggregate off-chain transactions and finalize them into…
Cryptocurrency investors are moving assets from cryptocurrency exchange HTX (formerly Huobi) following an abuse case that led to the exchange shutting down services on November 22 and causing $30 million in losses. From November 25, when HTX resumed service, to December 10, net outflows from the exchange amounted to approximately $258 million, according to data from DefiLlama.HTX recorded net outflows of $258 million from November 25 to December 10. Source: DefiLlamaAccording to DefiLlama data, HTX’s holdings are comprised of 32.3% Bitcoin (BTC) and 31.8% Tron (TRX). TRX is the native currency of the Tron network, a blockchain launched by Sun…
Bitcoin (BTC) won’t have to worry traders after its biggest single-day decline in 2023 if a single chart fractal occurs.in post Popular trader Alan Tardigrade revealed surprising similarities between Bitcoin now and four years ago on X (Twitter) on December 12th.Bitcoin “Repeats” Rising Trend After CoronaBitcoin may be struggling to clear key long-term resistance, but BTC price action is “business as usual,” according to one comparison.Tardigrade uploaded chart fractals from late 2019 to mid-2021, highlighting the blueprint for a Bitcoin bull market that is currently yielding notable gains.From BTC/USD’s recent multi-year lows in late 2022, the price recovery has substantially…
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