Demand for stablecoins continues to rise as businesses look to on-chain liquidity to improve their operations. USD Coin (USDC) issuer Circle Internet Financial is launching a fully-reserved stablecoin pegged to the euro, signaling to the market that demand for crypto foreign exchange services remains high despite recent industry turmoil.  Euro Coin, or EUROC, will be...Continue Reading

Ether price is forming a bear pennant pattern whose profit target comes to be near $850. Ethereum’s native token Ether (ETH) slumped on June 16, suggesting that its relief rally coinciding with the Federal Reserve announcing it will hike the benchmark rate by 0.75%, is at risk. Ether bulls trapped? Ether’s price slipped by 9.2% to around...Continue Reading

Huobi Thailand failed to fix system issues despite several extensions given by the Thai SEC. Huobi’s Thailand unit is set to wind down operations by July 1, after its operating license was revoked by the Thai Securities and Exchanges Commission (SEC). The Thai SEC revoked Huobi’s license in May after it failed to comply with...Continue Reading

Exchange platforms will get an opportunity to operate legally in Astana international finance center in 2022. In addition to its swift advances toward regulating crypto mining, Kazakhstan will launch a pilot project for crypto exchanges in the special economic zone of Astana International Finance Centre.  The Ministry of Digital Development, Innovations and Aerospace Industry of...Continue Reading

A new report from global consulting firm McKinsey found that the metaverse could be worth $5 trillion by 2030. Global spending in the metaverse could reach $5 trillion by 2030, according to a new report from international consulting firm McKinsey & Company.  Published yesterday, the 77-page report titled “Value Creation in the Metaverse” analyzed current...Continue Reading

Danny Yuan said that their team detected that $1 million was missing from their company’s funds at Three Arrows Capital (3AC). Danny Yuan, the CEO of trading firm 8 Blocks Capital, called out to platforms that are holding funds owned by 3AC to freeze the assets, as rumors of 3AC’s insolvency stay afloat.  In a...Continue Reading

Crypto winters are actually good for Bitcoin as some pivotal BTC projects like the Lightning Network were born during bear markets. The crisis has triggered a wave of panic in the community, with the Bitcoin miners’ selling activity surging to seven-month highs as the BTC mining profitability has dropped to October 2020 levels. Bitcoin’s Fear...Continue Reading

For the past few weeks, the crypto market has been in a tailspin. While other investors may have given up on BTC, its ardent supporters continue to extol its virtues. Despite the cryptocurrency market’s prolonged bearish trend, some of its most ardent supporters have not been discouraged. This includes the president of the Central African...Continue Reading

$20,000 feels scary, but it may not be the end of the story for Bitcoin’s latest bear cycle. Bitcoin (BTC) near $20,000 is worrying the market, but after narrowly avoiding breaking support, is the worst really over? According to multiple on-chain indicators, it seems that max pain has yet to arrive this cycle. The stakes...Continue Reading

“I’m trying to get people to plant trees,” says Fangorn, a green-fingered Bitcoiner, “as an avenue for low-time preference.” When the market falls faster than a tree in the forest, the phrases “zoom out,” and “lower your time preference,” take root. “Zoom out” refers to taking a break from the omnipresent price charts that populate...Continue Reading