Stablecoins are now primarily used to store value in countries with rapidly depreciating fiat currencies or prohibitive capital controls.  As Bitcoin (BTC) 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...Continue Reading

Restaking protocols like EigenLayer allow investors to stake the same digital asset multiple times and reap the additional yields. Following a controversy that erupted in May 2024, Ethereum Foundation researcher Justin Drake announced his resignation from the Eigen Foundation — the entity responsible for overseeing the development of the Eigenlayer restaking protocol — in a...Continue Reading

The M2 money supply is an economic measure of the total amount of a sovereign nation’s fiat currency currently circulating worldwide. Bitcoin (BTC) 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...Continue Reading

Trump is making bold promises to capture the attention of the digital asset industry and investors. Former president and 2024 Republican presidential candidate Donald Trump has delivered many broken promises in his political career. This year, Trump has taken up crypto in an attempt to lure in crypto voters. On July 7, the Republican Party...Continue Reading

NFTs recorded a monthly sales volume of $356 in October, an 18% increase from its September record.  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...Continue Reading

Sheetz has expanded its partnership with Flexa to accept BTC, ETH and stablecoin payments at over 750 locations in the US. United States convenience store chain Sheetz has expanded its partnership with crypto payment provider Flexa, allowing digital currency payments for in-store purchases at over 750 locations in the United States.  In a press release,...Continue Reading

BRICS Pay seeks to lessen reliance on the US dollar, reducing sanctions risks and fostering a sovereign financial system for transactions. BRICS Pay is a payment system initiative developed by the BRICS nations (Brazil, Russia, India, China and South Africa) to facilitate cross-border transactions among these countries.  Its primary objective is to bypass traditional financial...Continue Reading

An analyst warns that “volatility” could emerge if the US election results are close, but traders will be relieved once it’s over, giving the market “firmer ground.” While many crypto traders are trying to speculate the market’s direction based on the outcome of the upcoming United States election, one analyst warns that a close showdown...Continue Reading

Mutant Ape Planet creator Aurelien Michel pleaded guilty to defrauding investors and avoided a prison sentence.  The developer of the Mutant Ape Planet, a ripoff of the popular Mutant Ape Yacht Club (MAYC) non-fungible token (NFT) collection, was ordered by a court to forfeit $1.4 million and pay a $15,000 fine.  On Nov. 1, United States...Continue Reading

SafePal’s new Mini Wallet App will enable 950 million Telegram users to create individually owned and compliant crypto-friendly Swiss bank accounts, the firm said. Self-custodial cryptocurrency wallet SafePal is joining Telegram’s rapidly growing crypto ecosystem by launching a Mini App wallet on Messenger. SafePal officially introduced its Telegram Mini Wallet App on Nov. 2 after...Continue Reading