Crypto news

DePIN, which stands for decentralized physical infrastructure, is one of the fastest-growing crypto narratives. It has reached notoriety due to its seamless integration of various technologies under one umbrella. This particular sector refers to protocols that use blockchain technology to support a global network of physical infrastructure maintained by participants providing the necessary computing resources. However, it is still a nascent category of projects, with many...

Transaction fees on the Bitcoin network have continued to decline months after its latest peak during the halving event. Data from IntoTheBlock shows that fees on the leading crypto network have decreased by 18% this week after dropping 27% from the previous one. The continuous decline has placed Bitcoin fees at their lowest since November 2023. Bitcoin Fees Are Declining Three months ago, Bitcoin recorded the highest transaction fees among all protocols, including Ethereum....

TL;DR Bitcoin’s price fluctuated between $54,000 and $60,000 in the last seven days, with predictions of a surge to $90,000-$100,000 based on factors like Ethereum ETFs launch and Germany’s BTC sales. However, some analysts warn of potential price drops due to various factors. What’s Next for BTC? The primary cryptocurrency experienced enhanced volatility in the past week, with its price ranging from $54,000 to almost $60,000. Currently, it trades at around $58,000 (per...

TL;DR Ripple’s XRP fell to around $0.44 after previously surpassing $0.70, with hopes for a price revival tied to the outcome of the SEC lawsuit. ChatGPT predicts that while a legal win for Ripple against the SEC could boost XRP, the asset would need additional boost to surpass ETH. Is It Possible? Ripple’s XRP experienced a significant price resurgence in mid-March, surpassing the $0.70 mark. Since then, though, it has been on a massive downfall, recently tumbling below the...

Bitcoin’s price headed south on Friday evening as it popped above $58,000 and has remained there since. The altcoins have also turned green, with XRP, ADA, DOT, BCH, and NEAR leading the pack from the larger caps. BTC Reclaims $58K The primary cryptocurrency had a violent end to the previous business week as it dumped hard on July 5 from over $58,500 to a multi-month low of under $54,000. The bulls intercepted the move during the weekend and drove BTC to $58,500 once again....

Even with several high-profile collapses and de-pegging events in recent years, stablecoins have continued to capture market share from fiat, reflecting strong demand increasingly. Although the stablecoin market is still highly concentrated, with Tether’s USDT at the forefront, its dominance has been eroding over the last two years. In fact, Kaiko’s latest data shows a decline in USDT market share. Tether (USDT) is Slowly Losing Market Share In 2024, USDT’s market share on...

Germany’s on-chain Bitcoin wallet balance has officially reached zero, according to Arkham Intelligence, meaning sell pressure from the European economic powerhouse is likely at or near its end. The wallet’s latest outflows bring an end to a bearish narrative that’s hung over the crypto market for weeks, at a time when on-chain indicators are signaling that a local bottom is near. Germany’s Last Bitcoin Sale As of late Thursday, Arkham said that the government had just 4925...

The Security and Exchange Commission’s accounting bulletin 121 (SAB 121) requires companies, including banks, to hold crypto assets for clients as a liability on their balance sheets. This makes it inefficient for large banks to offer crypto custody services. Both the House and Senate passed a bipartisan Congressional Review Act (CRA) resolution to nullify this guidance, which the Biden Administration vetoed in May. However, a House vote to overturn the veto failed to reach...

In a July 11 hearing, Judge Katherine Polk Failla expressed skepticism about Coinbase’s efforts to subpoena SEC Chair Gary Gensler in the ongoing SEC case against the cryptocurrency exchange. As detailed by Inner City Press, the hearing showcased Coinbase’s persistent efforts to acquire Gensler’s communications, including statements made before he became SEC Chair in 2021. Judge Skeptical of Coinbase’s Subpoena Judge Failla stated, “I understood from the SEC’s opening...

The US Securities and Exchange Commission (SEC) has dropped its investigation into Paxos’ alleged securities violation for issuing the BUSD (Binance USD) token. Paxos received a Wells Notice in February 2023 from the regulator, stating its intent to investigate the stablecoin issuer’s role in offering unregistered securities to US investors. Paxos took to X to announce this development, “Paxos prevails in SEC investigation of BUSD stablecoin.” It continued to state it received an...