Tesla CEO and Spacex chief Elon Musk has revealed that he still owns “a bunch of dogecoin,” affirming his commitment to keep buying and supporting the meme cryptocurrency. Musk additionally revealed that his company Spacex still owns “a bunch of bitcoin.”
Elon Musk, Tesla, and Spacex Maintain Crypto Holdings
Tesla CEO Elon Musk has revealed that he still owns a bunch of meme cryptocurrency…
South Korea's Crypto Volumes Peak in 2024 as Upbit and Bithumb Dominate Local Market
January 16, 2024
In the last 100 days, South Korea’s crypto trading activity has experienced a significant upswing. The country’s leading crypto exchanges, Upbit and Bithumb, recorded their highest trading volumes in the initial week of January 2024. Despite the noticeable premium on…
Apple and Google Remove Several Major Crypto Exchanges From App Stores in India Following Regulatory Crackdown
January 16, 2024
Apple and Google have removed several major crypto exchanges from their app stores in India after the Indian Financial Intelligence Unit flagged nine crypto service providers as operating illegally in the country. Various telecom networks and internet service providers in…
This past week in the crypto economy proved intriguing, as bitcoin’s value declined by 5.7% while ethereum enjoyed a 10.8% uptick against the U.S. dollar. Leading the pack in market gains, SUI experienced a remarkable surge, escalating over 74% in just seven days. Concurrently, the token ethereum name service (ENS) also witnessed a significant ascent, jumping 71% in the same timeframe.
Seven…
Reports Suggest That Binance is Reviewing the Status of Privacy Coins on Its Platform
January 16, 2024
Recent reports from members of the Zcash community indicate that Binance, the largest cryptocurrency exchange, would be preparing to review all privacy coins listed on its platform and possibly delist some. The exchange has been in talks with project representatives since…
Circle Completes USDC Upgrade to Version 2.2
January 16, 2024
Circle, the stablecoin company, has completed the upgrade of its USDC stablecoin to the 2.2 version. The update brings a slew of changes, including gas efficiency improvements, support for account abstraction and smart contract wallets, and enhancements in the resiliency of…
IMF Chief Sees Crypto as Asset Class — Says Bitcoin Won't Dethrone US Dollar as Dominant Currency
January 16, 2024
International Monetary Fund (IMF) chief Kristalina Georgieva sees crypto as an asset class, not money. She dismissed concerns of bitcoin potentially displacing the U.S. dollar as the world’s dominant currency, citing the size of the U.S. economy and the depth and sophistication of its capital markets as key factors.
IMF Chief on Crypto and US Dollar Dominance
The managing director of the…
Distributed Validator Technology More Primed to Overcome the Ethereum Validator Overload Challenge
January 15, 2024
While the Ethereum network’s migration to a proof of stake (PoS) consensus mechanism has seen the protocol become less energy-intensive, Alon Muroch, the founder of the SSV Network core team, said if the number of validators is not contained this can lead to a network…
Recent data indicates that despite a general decline in the crypto economy, the meme coin sector has experienced a 3.2% increase in the last 24 hours. Notably, dogecoin and bonk have observed respective surges of 1.2% and 9%. Additionally, Sunday saw several meme tokens…
Spot Bitcoin ETF Approvals, Ethereum's Outperformance, BTC Mystery Transfer, and More
January 15, 2024
The SEC approved spot bitcoin ETFs, sparking a lukewarm market response despite ethereum’s rising prominence. Meanwhile, intrigue swirled around a mysterious $1.19 million bitcoin transfer to the genesis address linked to Bitcoin’s creator, Satoshi Nakamoto. The launch day of U.S. spot bitcoin ETFs saw a staggering $4.6 billion in trading volume, with Blackrock’s debut ETF alone accounting…
