Tag Archives: AA News

The MiCA regulation has created an increased demand for compliant stablecoin, with Circle’s USDC emerging as a primary beneficiary of the trend. In fact, USDC is leading the demand for regulated stablecoins, according to French blockchain analytics firm Kaiko. Increased Demand For USDC After MiCA In its latest report, Kaiko revealed that non-compliant stablecoins account for 88% of the total stablecoin volume, at present. But Europe’s Markets in Crypto-Assets Regulation...

Bitcoin is currently down 23% from its peak price, with most of those losses coming over the past week. The summer crash had been predicted on the premise that the four-year cycle was too early to peak. On July 7, market analyst Benjamin Cowen eyed the Bitcoin bull market support band (BMSB) as a key technical indicator to determine if the asset will recover later this year. BMSB a Key Indicator The analyst compared current trends to historical patterns from 2013, 2016, 2019,...

The recent price weakness triggered by Mt. Gox and the German Government’s selling pressure was likely perceived as a buying opportunity, as evidenced by the inflow of $441 million in digital asset investment products over the past week. During the same period, Exchange Traded Products (ETPs) recorded low volumes of $7.9 billion for the week, which is consistent with the usual summer dip. This also represents a 17% lower participation rate compared to the total market for...

The Republican National Committee has released its 2024 GOP Platform ahead of this year’s federal election, adopting several stances aligning with Donald Trump’s “America First” policies instead of traditional GOP social issues. That includes a specific policy dedicated to protecting Bitcoin and crypto – an industry that Trump has tightly aligned himself with this year. Republicans Are Officially Pro-Crypto The party’s dedication to crypto is included in chapter 3 of the...

The government of Germany began readying for its biggest Bitcoin dump yet on Monday, sending $900 million worth of the digital currency to trading venues. On-chain data from Arkham Intelligence shows that over 16,000 BTC left the exchange’s wallet on July 8, leaving 23,787.7 BTC ($1.35 billion) remaining in its coffers. Germany’s Biggest Bitcoin Sale Arkham first flagged signs of a continued selloff at 8:32 am ET on Monday. It stated the government sent 2738.7 BTC ($155.3...

Despite the launch of a slew of blockchain networks offering lower fees and faster transaction times, Ethereum’s dominance continues, and users seem willing to pay higher fees. As such, Ethereum has surpassed Bitcoin in terms of 1-year fee revenue, according to data compiled by Lookonchain. With a whopping $2.728 billion, Ethereum clearly leads the pack in fees, while Bitcoin follows in second place, generating $1.30 billion in fees. According to the popular on-chain...

In Tseung Kwan O, Hong Kong, a 3-year-old boy was abducted from a shopping mall on July 3. Following the incident, the kidnappers demanded a ransom of 660,000 USDT, which is about HK$5.15 million. Hong Kong Kidnappers Demand USDT The boy’s parents were instructed to download the Telegram messaging app and purchase the USDT ransom from an offline OTC store. They were also warned against contacting the police to keep their child safe. The Hong Kong Police Organized Crime and...

In the second quarter of 2024, Web3 user engagement hit an all-time high, with approximately 10 million daily unique active wallets (dUAW), marking a 40% increase from Q1. According to a July 4 report by blockchain analytics platform DappRadar, the unprecedented growth spanned various sectors of the decentralized application (DApp) industry, leading to an overall bullish trend. Social dApps and NFTs Growth Marks Q2 The social sector had the highest increase, clocking in a 66%...

Private key leaks were identified as the leading cause of crypto thefts in the second quarter of 2024 by cybersecurity firm SlowMist’s investigative branch, MisTrack. The report highlighted many instances wherein users stored their private keys or mnemonic phrases in cloud storage services like Google Docs, Tencent Docs, Baidu Cloud, and Shimo Docs. Private Key Leaks Some users were also found to have shared their private keys or mnemonic phrases with trusted friends via...

After a decade of waiting, July might finally bring restitution to the users of the now-defunct Mt. Gox exchange. However, it appears that market players are on edge regarding the distributions and fear further sell-offs. It is important to understand that Bitcoin has already been on a decline since the beginning of June and has failed to build a meaningful upward momentum despite modest ETF inflows. On July 3rd, the price fell under $60,000 briefly followed by a slight...