Daily active users on the Farcaster protocol — a decentralized network for social media applications — has spiked a staggering 400% over the last week following the introduction of “frames” on its social media application Warpcast. Daily active users on the Farcaster network grew from approximately 5,000 on Jan. 28 to over 24,700 by Feb….

BlackRock and Fidelity’s spot Bitcoin exchange-traded funds (ETFs) have made it among ETFs with the largest January flows, totaling around $4.8 billion. BlackRock’s iShares Bitcoin Trust (IBIT) had an estimated $2.6 billion in net flows, reaching eighth place, while the Fidelity Wise Origin Bitcoin ETF (FBTC) landed tenth place with $2.2 billion in net flows, per…

Bitcoin exchange-traded funds adoption has been slowed by due diligence processes from large trading platforms. According to a Feb. 3 report from Bloomberg, companies such as LPL Financial Holdings, one of the largest independent broker-dealers in the United States, are currently examining the recently approved Bitcoin ETFs to determine whether they will be available for nearly…

Stablecoins, which provide stability and value preservation for consumers, stand out as a reliable bridge between digital assets and everyday transactions in the volatile world of cryptocurrencies. This guide explores the practical aspects of utilizing stablecoins in day-to-day financial transactions. Advantages of using stablecoins over traditional and other digital currencies Stablecoins are a subset of digital currencies…

Bitcoin Ordinals inscriptions have been losing steam despite the interest in Bitcoin exchange-traded funds (ETFs) and the upcoming halving event. Monthly Ordinals sales fell 61% to $335 million in January, down from $868 million in December, the month with the highest sales in Ordinals history, according to NFT data aggregator CryptoSlam. Ordinals are the first iteration of…

The United Kingdom’s National Fraud Intelligence Bureau (NFIB) may be “ill-equipped to handle crypto crimes against UK residents,” according to one resident who was a victim of crypto fraud. The victim, Martin — a British national who spoke to Cointelegraph on the condition that his full identity be redacted — claims that he lost approximately…

The digital asset market is bracing for the release of nearly $900 million in vested tokens in February, with projects like Avalanche, Aptos and The Sandbox leading the charge. Crypto vesting is the process of locking down digital assets for a predetermined time before the holders can fully access or transfer them from their wallets. The practice…

Solana’s native token, SOL, has experienced a 9.8% decline between Jan. 30 and Feb. 1, failing to break above the $104 resistance for the fifth time in four weeks. When considering a longer time frame, SOL dropped by 10.7% in 30 days, while Ether and BNB traded down 1.2% and 2.6%, respectively, during the same period. This leads…

The marketing around the recelty approved spot Bitcoin exchange-traded funds will lead to more capital flowing directly into Bitcoin than that flowing into the ETFs, according to Swan Bitcoin CEO Cory Klippsten. He calls this phenomenon “The ETF multiplier effect.” “Because of the existence of the ETFs and the credibility of these large financial firms…

Crypto enthusiasts in China are more willing to invest heavily in cryptocurrency than their counterparts in Vietnam, South Korea, Taiwan and Thailand. This is according to a December 2023 report by Vietnamese venture capital firm Kyros Ventures, with the assistance of 10 media agencies from China, Thailand, Korea, Taiwan and Vietnam. In the 5,268-participant survey, more than…