Being in control of your own assets — having total freedom of how and to whom they are sent — is a foundational tenant of cryptocurrencies. Today, over 10,000 cryptocurrencies exist on a multitude of blockchains. With the increased adoption and proliferation of digital assets, crypto users have more options than ever regarding how they…
Stablecoins may finally overtake payment giant Visa in total payment volume this quarter, according to research firm Sacra. Visa’s head of crypto, however, disagrees. In a blog post by Sacra co-founder Jan-Erik Asplund, the firm argued that stablecoins’ “extreme product-market fit for cross-border money movement” could see its total payments volume exceed Visa, reaching over…
Tokenized commodities, which include energy resources, agricultural products, precious metals and other tangible things, are digital representations of real-world assets. These assets go through a process known as “tokenization,” in which their ownership rights are converted into blockchain-based cryptographic tokens. Partially owned and accessible, each token usually represents a portion or entirety of the underlying commodity….
LayerZero Labs has unveiled a solution to address sybil activity, also known as “airdrop farming.” The creator of the cross-chain communication protocol introduced a self-reporting mechanism, offering sybil users 15% of their planned token allocation for honesty within a defined 14-day period. LayerZero stated in a May 3 post on X that it believes it’s important for…
Tether has long dominated the stablecoin sector thanks in large part to USDT’s status as the first fiat-backed stablecoin. However, new serious competitors have entered the stablecoin market over the past several years, giving USDT a run for its money. Since 2024, the transaction volume of Circle’s stablecoin, USD Coin, has been on the rise. According…
MicroStrategy executive chair Michael Saylor speculated that the United States Securities and Exchange Commission will deny listing and trading of spot Ether exchange-traded funds. Speaking at MicroStrategy’s Bitcoin For Corporations conference on May 1, Saylor said the SEC would label ETH as a crypto asset security under its regulatory purview and not a commodity under the U.S. Commodity…