The crypto market is in the red amid significant bloodshed from bitcoin (BTC) and altcoins. There is currently no bullish momentum, and BTC is hovering around key levels, falling below traders’ on-chain realized price of $65,800. Regardless, CryptoQuant analysts insist in a recent report that the market is in a bull season. Lack of Bullish
In the years since the industry’s founding, cryptocurrency startups have pulled in around $100 billion. That’s according to a report Saturday (June 15) by Bloomberg News, citing data from two sources: DeFiLlama which pegs the crypto sector’s total fundraising at $101 billion since 2014, and The Block Research, which has logged $95 billion in investment
As a long-time crypto skeptic, it may seem odd that I am helping organize a digital assets conference at Duke University on Jan. 20-21. After all, I once wrote a Wall Street Journal op-ed calling for a cryptocurrency ban. While I continue to believe that unbacked cryptocurrencies, like bitcoin, provide no economic utility and impose
The TDR Three Key Takeaways regarding Fortune 500 Companies and Cryptocurrency: Fortune 500 companies experience a 39% increase in blockchain initiatives. PayPal and Stripe leverage stablecoins and cryptocurrency for efficient cross-border payments. Clear crypto regulations are essential for US economic leadership, according to the report. The increasing integration of blockchain and cryptocurrency projects by America’s
Stablecoins sit at the center of the crypto sector’s goals for a return to form. That’s because stablecoin digital assets, which are designed to maintain a stable value by being pegged to a reserve asset such as a fiat currency (e.g., USD) or commodity (e.g., gold), aim to provide the benefits of cryptocurrencies — such
A cryptocurrency protocol called M^0 has built decentralized infrastructure that allows any institution to mint stablecoins backed by U.S. Treasuries. Today, it’s announcing both a $35 million Series A raise and the deployment of the layer atop Ethereum. Decentralized finance continues to face the issue of how to attract the type of liquidity afforded legacy
PayPal says its stablecoin — PayPal USD (PYUSD) — is now available on the Solana blockchain. The move is designed to make the stablecoin faster and cheaper to use, giving users the choice of multiple blockchains for more flexibility and control, according to a Wednesday (May 29) news release. “The Solana blockchain is known for processing massive amounts
Cryptocurrencies are becoming a popular way to pay in various industries. They use blockchain technology, which makes transactions secure and helps prevent fraud. It is appealing because it allows quick and safe payments without the need for traditional banking methods. The market for cryptocurrency payments is growing quickly. Many businesses in fields like retail, real
Bots account for a vast majority of stablecoin transactions, recent Visa research shows. Fewer than 10% of these transactions come from genuine users, according to a new metric from Visa and Allium Labs, showing that just $149 billion of the $2.2 trillion in total transactions last month came from “organic payments activity.” The findings were flagged in a report Sunday (May 5)
Coinbase, the largest U.S.-based cryptocurrency exchange, is ultimately a crypto story. And like all crypto stories, it has its downs — and its wild ups. Coinbase reported earnings per share of $4.40 Thursday (May 2), compared to Wall Street expectations of $1.28, representing a 244.83% beat. The crypto platform beat Wall Street revenue estimates as well, by a comparatively more modest 19.74%.