Non-fungible tokens (NFTs) broke their seven-month downward trend in October as digital collectibles recorded an 18% increase in volume. Since recording a monthly volume of $1.6 billion in March, its highest in 2024, NFT volumes have been on a downward trajectory. It continued through September when NFTs reached their lowest monthly volume since 2021. NFTs record a…
Bitcoin recently hit an all-time high of over 100,000 Canadian dollars. Dean Skurka, President and CEO of WonderFi — a digital financial services company — believes interest rate cuts in Canada and the United States, as well as the upcoming 2024 US Presidential election, will continue to drive the price of Bitcoin higher between the…
As Bitcoin hovers around the $70,000 price level, investors and analysts debate the specific catalysts that will send markets higher. CryptoQuant founder and CEO Ki Young Ju recently explained that while stablecoin supply continues to grow, this added volume is not high enough to create significant buy-side liquidity and drive BTC prices higher. The CryptoQuant…
A recent survey by the cryptocurrency exchange Paribu reveals that some investors in Turkey now prefer cryptocurrencies over traditional investment options like real estate and stocks. The “2024 Cryptocurrency Awareness and Perception Survey” survey aimed to highlight developments in Turkey’s crypto ecosystem. It included 2,002 interviews with individuals familiar with cryptocurrency and 541 interviews with those who…
Stablecoin issuer Tether has announced that its United Arab Emirates dirham-pegged stablecoin will be launched on The Open Network (TON) blockchain. At the TON Gateway event held in Dubai, Alessandro Giori, Tether’s senior strategic partnership manager, announced that its dirham stablecoins, announced earlier this year, will be launched on the TON blockchain. On Aug. 21,…
Let’s be honest — DeFi is still pretty confusing for the masses. Navigating multiple platforms, understanding complex protocols, and managing assets across blockchains can be overwhelming. This raises an important question: Is there a way to simplify the decentralized finance (DeFi) experience without sacrificing its core advantages? Well, there is a way for users to set their…
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