Category: Crypto

As yet another week passes, we will examine some of the best-performing cryptocurrencies over the past seven days. It’s safe to say that the week has treated the markets well, with the total capitalization growing to $2.55 trillion, adding over $150 billion. This comes on the back of impressive performances on all fronts, so let’s first start with Bitcoin. Bitcoin Soars 11% in Impressive Recovery Despite not being the top performer, Bitcoin surely made waves in the past seven days, surging by a whopping 11% in the process. As you…

Traders are ramping up their positions on Dogecoin as its price “breaks out,” reaching its highest monthly level on July 20. However, not all are convinced that the bullish pattern is confirmed just yet. “DOGE is breaking out and looks primed for an aggressive up move,” pseudonymous crypto trader Shelby wrote in a July 20 X post. They reiterated that Doge’s price breaking out has previously been “a catalyst” for other altcoins to follow, including Floki (FLOKI) and Shiba Inu (SHIB), which have increased 37% and 3.89% respectively, according to…

State Street Corp., a Boston-based major player in traditional finance, is exploring the launch of its own stablecoin and tokenized deposits to improve payment settlement using blockchain technology. According to a Bloomberg report on Wednesday, the bank has been actively making efforts to integrate into the crypto space. State Street Is Pushing for Digital Expansion In addition to the ongoing stablecoin efforts, State Street wants to participate in digital-cash consortium development and explore settlement options through Fnality International, a fintech company in which it has invested. Fnality focuses on blockchain-based…

Taiwan Semiconductor Manufacturing Company Limited, more commonly known as TSMC, became the first Asian firm to reach a market capitalization of more than a trillion dollars as it briefly surpassed Berkshire Hathaway on June 20 to become the eight most valuable company in the world.  The company’s quiet rise comes on the wings of its massive portfolio of tech and manufacturing giants who source its semiconductors. Apple and the gang TSMC is the world’s largest semiconductor manufacturer. Its top customers include Apple, AMD, Intel, Nvidia, Intel, and Qualcomm. However, Apple…

Since last weekend, the price of bitcoin (BTC) has rallied significantly, signaling that the crypto asset may have bottomed out. Bitcoin has recovered to a high of $67,000, although it was hovering around $64,000 at the time of writing. This comes after holders realized their largest losses so far in 2024. CryptoQuant analysts said on-chain metrics suggest positive momentum in the near term; however, it may not be sustainable as stablecoin liquidity and Bitcoin demand have recorded little to no growth. Bitcoin May Have Bottomed Out CryptoQuant found that BTC…

Ethereum’s price might decline after the initial buzz surrounding spot Ethereum exchange-traded funds (ETF) wears off if its supply continues to increase at the current rate, according to an analyst. “If the supply of ETH keeps increasing by ~60k/month like it has been since April, then by Dec the supply will be back to what it was at the merge,” crypto trader and Into The Cryptoverse founder Benjamin Cowen wrote in a July 19 X post, referring to when the much-anticipated Merge transitioned Ethereum (ETH) to its current proof-of-stake consensus model in…

On July 18, Judge Eric Vitaliano sentenced the founder of the Bitzlato cryptocurrency exchange to 18 months, the time he had already served, for running an unlicensed money-transmitting business. Anatoly Legkodymov pleaded guilty last year to running an operation that facilitated the concealment of over $700 million in proceeds from illegal gambling and drug transactions. Bitzlato Founder Admits He Could Have Done More Judge Vitaliano acknowledged the harsh conditions at Brooklyn’s Metropolitan Detention Centre (MDC), where Legkodymov was detained, stating, “It’s a terrible place, and the court does consider that.”…

The Franklin Ethereum exchange-traded fund (ETF) will begin trading on the Chicago Board Options Exchange on July 23, “pending regulatory effectiveness,” CBOE announced on July 19. On May 23, the United States Securities and Exchange Commission (SEC) approved rule changes permitting the listing of several spot Ether (ETH) ETFs. However, before the new products could begin trading, the regulator still had to sign off on each fund issuer’s respective S-1 registration statements.  In an effort to gain an early market advantage, virtually all of the ETH ETF issuers have announced…

It’s been a good week for the cryptocurrency market. Its total capitalization increased by more than $250 billion, currently sitting above $2.5 trillion, thanks to considerable gains across the board. But what seems to have triggered this recovery is an event that many describe as one of America’s darkest days. Indeed, it was the assassination attempt of US Presidential candidate Donald Trump that fueled the market’s recovery. The reason is pretty simple. Many seem to believe that the events that transpired over the past few days cemented Trump’s chances of…

Wearable hardware wallets can potentially drive mass crypto adoption by making digital asset management more accessible. The Tangem Ring, a ring-shaped hardware wallet, exemplifies this trend. Developed by Tangem, one of the leading hardware wallet providers, the ring supports instant crypto exchange services by Changelly, an instant crypto exchange and application programming interface (API) provider for businesses. In this interview, Changelly CEO Jake Cormack and Tangem chief commercial officer Darya Karpukova shared insights on the latest advancements in hardware wallet technology, the features of the Tangem Ring and how their…