Search
AI Crypto Economy Suffers $1.42B Loss Since February Peak; Top Tokens Record Weekly Declines
24.7.2023
In February 2023, the AI-driven cryptocurrency sector reached a staggering $4 billion in value. Yet, it has since experienced a downturn of $1.42 billion. Over the last week, eight of the top 10 AI-based crypto tokens saw declines against the U.S. dollar. Downturn Hits AI Crypto Market Once...
JPMorgan Warns Dollar Dominance Faces Risks From Political Instability, US-China Tensions
21.7.2023
JPMorgan has warned of the risks to the U.S. dollar’s dominance from escalating U.S.-China tensions and political instability. The global investment bank’s strategists anticipate “partial de-dollarization,” in which the Chinese yuan gradually assumes a more significant role...
Aave Launches GHO Stablecoin on Ethereum Network
17.7.2023
Aave, a prominent lending protocol within the decentralized finance (defi) sphere, has unveiled GHO, a new stablecoin, which is now live on the Ethereum network. Aave users can now mint the stablecoin asset by leveraging Aave version three (v3). Aave’s Dollar-Pegged GHO Token Goes Live...
Western Sanctions on Russia Demolish Global Trade System, Cause Inflation Surge, Says Russian Banker
13.7.2023
Russia’s second-largest bank’s chairman says by imposing sanctions on Russia, the West has “demolished the global trade system and caused an inflation surge.” Pointing to the U.S. banking crisis as an example, he stressed: “This is virtually the largest financial and banking crisis since 2008,...
Litecoin Surges in Value Amidst EDX Listing and Imminent Reward Halving, Enters Top Ten Rankings
3.7.2023
During the past fortnight, the crypto asset litecoin (LTC) has surged over 40% against the U.S. dollar after the crypto exchange EDX announced the listing of LTC alongside three other prominent digital currencies. Additionally, Litecoin is on the verge of a reward halving, with only 30 days...
Pepe Surges Amidst Meme Coin Market Gains; Whales Accumulated Significant PEPE During Price Dip
22.6.2023
While the crypto economy has reached a value of $1.2 trillion, meme coin markets have experienced substantial gains this week, with the top five meme tokens recording both 24-hour and seven-day gains. According to recent data, pepe is leading the pack with a 34% increase in the last 24 hours and...
Dollar Reliance Shrinks — China’s LNG Deal With Qatar Challenges ‘Frenemy’ Status With US
21.6.2023
This week, China and Qatar strengthened their bond through a significant development on Tuesday. China National Petroleum Corporation (CNPC) and Qatarenergy inked a 27-year deal, outlining China’s commitment to procure liquefied natural gas (LNG) from Qatar on an annual basis. Under...
Blockchain Anti-Counterfeiting Trials ‘Promising,’ EU Agency Says
16.6.2023
The European Union's intellectual property office EUIPO wants traders and customs authorities to use open-source tools to authenticate branded goods
Uniswap Unveils Game-Changing Version 4 With Customizable Liquidity Pools via Innovative Hooks
13.6.2023
On June 13, the largest decentralized exchange (dex) in terms of global trade volume, Uniswap, published a summary of the dex platform’s Version 4 and an early implementation of the code. Uniswap states that the dex version will offer a variety of new features, including a method to customize...
XRP Bucks Market Trend as Proponents Remain Optimistic About Lawsuit Outcome
5.6.2023
Although the crypto economy has dipped 1.5% in value over the past 24 hours, XRP, the sixth-largest digital asset by market capitalization, has posted gains recently. In the last week alone, XRP has surged over 10%, and year-to-date, this digital currency has increased by 35% against the U.S....
Crypto Exchange Bkex Suspends Withdrawals Amid Money Laundering Incident
30.5.2023
Bkex, a crypto exchange based in the British Virgin Islands, has suspended withdrawals due to an allegation that a user’s “funds were involved in money laundering.” In order to assist law enforcement with their investigation and gather evidence, Bkex said it has decided to halt...
Expert Claims Proposed BRICS Common Currency Poised to Undermine US Dollar Dominance
20.5.2023
A recent report from China’s Global Times reveals that Zhou Yu, an international finance research director at the Shanghai Academy of Social Sciences, believes that the proposed BRICS cross-border currency is a significant step in challenging the dominance of the U.S. dollar. Zhou asserts...
PEPE Token Continues Downward Spiral, Registers 60% Drop From All-Time High
11.5.2023
The meme-based token pepe (PEPE) has experienced a 14.9% decline against the U.S. dollar over the last 24 hours, continuing its downward trend from the last five days. Thus far, PEPE has seen a 60% drop in value from its all-time high on May 5. Rival Meme Tokens Challenge PEPE’s Dominance...
Dave Ramsey Dismisses De-Dollarization Concerns — Says BRICS Currency, Chinese Yuan Can’t Take Down US Dollar
10.5.2023
Personal finance expert and best-selling author Dave Ramsey has dismissed de-dollarization concerns and the prospects of a BRICS currency, the Chinese yuan, or the Russian ruble displacing the U.S. dollar in international trade. “They don’t have the muscle to take down the dollar,”...
Meme Coin PEPE’s Market Cap Surpasses $1B with 896% Surge Over the Past Week
5.5.2023
As per the latest statistics recorded before the weekend, the meme token PEPE has witnessed a massive surge in value, following its recent listing on the crypto exchange Binance. In just seven days, the crypto asset has skyrocketed by 896% against the U.S. dollar, making it the third-largest meme...
US-Saudi Tensions Escalate as Report Says Crown Prince Is No Longer Interested in Pleasing the United States
4.4.2023
After Saudi Arabia and members of the Organization of the Petroleum Exporting Countries (OPEC) surprised the world by announcing cuts to oil production, a spokesperson for U.S. president Biden’s National Security Council stated that reducing production is not advisable. According to a recent...
Twitter Changes Bird Logo to Picture of Doge, Dogecoin Price Surges 23% After the Change
3.4.2023
On Monday, Twitter users noticed that the traditional blue bird logo had been replaced by a cartoon picture of Doge. Meanwhile, the leading meme coin cryptocurrency, Dogecoin, jumped 23% higher against the U.S. dollar after the logo change. Twitter Bird Logo Changes to Doge Twitter has updated...
Stablecoin Market Sees Fluctuations With Some Coins Gaining and Others Reducing Supply
26.3.2023
According to statistics, on March 26, the stablecoin economy was valued at $135 billion, with the top stablecoins representing $31.8 billion or 75% of the $42.17 billion in 24-hour global trade volume across the entire crypto market. In the last two weeks since March 11, 7.06 billion USDC...
Stablecoin Supply Plummets After Depegging Event: $7.4B Dollar-Pegged Tokens Withdrawn From Circulation
17.3.2023
During the past 11 days, over 7 billion USDC stablecoins have been withdrawn from circulation, with most of the redemptions occurring following the depegging event of USDC on March 11, 2023. Furthermore, since March 6, a total of 439.48 million BUSD stablecoins have been redeemed. Stablecoin...
Stablecoin Trading Dominates Monday’s Crypto Market, Tether and BUSD Sell at Premiums
13.3.2023
On Monday, the crypto economy experienced significant market activity with $183.85 billion in global trade volume over 24 hours, with a large portion of those trades involving stablecoins. USDC traded near parity with the U.S. dollar, and several stablecoins, including tether and BUSD, sold...