Stablecoins, like Tether USD Coin, continued their strong growth this week, with their market capitalization hitting a record of $243.8 billion. These coins have added over $38 billion in assets since they started the year with $240 billion. Tether (USDT) boasts a market cap jumping to over $151 billion, giving it a dominance of 62%. … Read more
Recent speculations that Cardano native token holders are not eligible for the Midnight drop have drawn a reaction from Charles Hoskinson. The Cardano founder responded to a tweet suggesting that holders of tokens native to the Cardano ecosystem would not receive the highly anticipated drop. He quoted the tweet and responded with a video of … Read more
On Saturday, at block height 897,120, Bitcoin’s mining difficulty increased by 2.13%, reaching 121.66 trillion and marginally raising the computational challenge required to uncover new blocks. Bitcoin Mining Difficulty Climbs Past 121 Trillion Miners now face slightly steeper odds in their efforts to solve blocks, with the adjustment making the process 2.13% more arduous. Although … Read more
Everstake stated to the SEC that non-custodial staking should not be grouped as a securities transaction. It says that non-custodial staking does not consist of assets or the presumption of profits from managerial efforts. The US Securities and Exchange Commission and Everstake are in discussions to explore clearer regulatory definitions revolving around taking and blockchain … Read more
A prominent XRP community commentator says soon, XRP will have nothing holding it back, suggesting the judgment day to reveal all the truth is coming. The latest commentary comes amid what many perceive as persistent pressure suppressing XRP’s price growth. Notably, this sentiment dominated the XRP community last year, particularly as XRP remained stuck around … Read more
On May 17th, COINOTAG reported that the **total open interest** for Bitcoin futures contracts has reached a significant milestone, now standing at **640,810 BTC**, equivalent to approximately **$66.09 billion**. This robust figure highlights the growing liquidity and interest in the Bitcoin market. Notably, the **CME Bitcoin futures contract** leads the pack, with an open interest … Read more
Cardano (ADA) price has been consolidating under key resistance levels, but recent technical signals suggest something big may be on the horizon. With price action narrowing and volume dropping, ADA price could be approaching a decisive breakout — but in which direction? Cardano Price Prediction: What’s Happening on the Daily Chart? ADA/USD Daily Chart- TradingView … Read more
South Africa’s Garden Route, famed for its lush forests, expansive beaches and charming towns, has become a testbed for Bitcoin adoption. From Mossel Bay to Witsand and Plettenberg Bay to Knysna, Bitcoin has become popular among shop owners and travelers alike for a multitude of reasons. “We’re seeing the early signs of a parallel, permissionless … Read more
Earlier this week, Coinbase revealed a significant cyberattack and data breach. Being a leading crypto exchange, the breach has put the personal data of influential figures at risk. As per the latest reports, Sequoia Capital’s Managing Partner, Roelof Botha, is also among the high-profile victims, with hackers accessing sensitive information, including phone numbers and addresses. … Read more
In a recent update from COINOTAG on May 17th, Coinbase Institutional’s Research Director David Duong emphasized the significant factors influencing Ethereum’s price trajectory. He noted that last week’s increase in ETH was largely attributed to technical elements, including the unwinding of numerous misaligned positions and short covering. This momentum has seen ETH aligning more closely … Read more