Trading volumes at the major crypto exchanges fell by 42.3% in June after the price of Bitcoin hit a monthly low of $28,908. Despite the dramatic drop, the trading volume is still much higher than a year ago. Cryptocurrencies are suffering a two-month correction period following a series of negative news. By the crypto market…
The most famous altcoin – Ethereum – has long contested for the title of the most in-demand cryptocurrency, essentially aiming for the bitcoin’s crown. But for ETH to break through it requires a network upgrade to ETH 2.0 – and that seems to be a problem. On July 2, a unique transaction was recorded on…
Crypto app CryptoSpend announced Wednesday that Visa to issue a physical debit card that will allow Australians to spend their Bitcoin at local shops. Sydney-based digital assets startup gets approval from the global payment giant to release a spending card down under. According to the Australian Financial Review, CryptoSpend co-founders said that the new card…
Elon Musk continues his peculiar tweets about altcoins like Dogecoin, but investors should treat them very carefully. It looks like the days of easy money from the coin pumps are gone, but Dogecoin remains in the top 10 cryptocurrencies list. They say all good things come to an end, and the Elon Musk-inflicted Dogecoin pump…
On July 12, the Kava Project will launch its next testnet. While not exactly a large-scale event, it is still a good reason to take a closer look at this project. The mission of the Kava Project is to become a universal intermediary between various DeFi networks, as well as between the world of decentralized…
Gemini, the crypto exchange of Cameron and Tyler Winklevoss, plans to surpass Binance and become the largest crypto exchange by volume, despite Binance’s daily spot trading volume exceeding Gemini’s by over 100 times. However, given the recent regulatory scrutiny against Binance, embracing regulation could give a competitive advantage to rival exchanges. As Bloomberg reported, Gemini…
According to a company statement, the financial index provider S&P Dow Jones has launched five new cryptocurrency index products, bringing its total number of crypto indices to eight. It’s the first major expansion of S&P’s crypto benchmarking tools since entering the market in May. Headlining the tranche is a “broad digital market (BDM)” index that…
The British police confiscated £180 million or about $250 million worth of digital assets as part of a thorough investigation for money laundering. The operation was marked as the largest seizure ever executed in the United Kingdom. That’s a record for the Metropolitan Police service, which oversees law enforcement for the Greater London area, breaking…
Could blockchain technology become something more than a basis for digital money and applications for various activities, from commerce to governance? Is it possible that the entire Internet will be based on distributed ledger technology? Today, there is a lot of conversations about different concepts of Web 3.0 – after all, the Internet is evolving,…
The digital ownership conferred by blockchain will allow the Metaverse to fulfill its true potential as community-owned and community-governed, writes Yat Siu on Cointelegraph. Every day, we hear of more involvement by big industry players (for example, Epic Games and Roblox) as we creep closer to the Metaverse, a shared persistent virtual environment of interconnected…