In the final week of September 2024, decentralized exchanges (DEXes) on Solana saw a notable 45.74% increase in trading volume, surpassing $7.87 billion in total trades. This surge underscores Solana's growing prominence in the DeFi sector, especially in comparison...
So far, U.S. regulators have secured over $19 billion in settlements from crypto companies in 2024, and that is almost two-thirds of all the settlements ever recorded in the industry. With eight major settlements this year, the total amount...
Stablecoins have rapidly become a fundamental part of Africa’s cryptocurrency landscape, accounting for 43% of the region’s total transaction volume, according to a report by Chainalysis. Dollar-pegged Tether (USDT) and USD Coin (USDC) are the most popular on the...
Bitcoin’s market performance in the third quarter of 2024 was a rollercoaster of volatility. Starting on shaky ground, Bitcoin dropped to a low of $54,321.02 on July 8, sparking concerns about a potential bearish trend. However, within just 48...
After a lengthy spell of research and public consultations that began in 2017, the Bank of Canada has decided to discontinue its efforts to create a digital version of the Canadian dollar. This decision comes even as the central...
Over the past three years, East Asia has strengthened its role as a major hub in the global crypto and stablecoin market. The region is home to five of the world's top 50 crypto adopters—South Korea, China, Japan, Hong...
The Democratic Party's candidate for the U.S. presidential elections coming up early next month, Kamala Harris, has largely maintained a low profile when it comes to discussing the crypto industry. Her broader policy platform, the "Opportunity Economy," noticeably avoided...
Blockchain oracle network Chainlink recorded the most developer activity among ERC-20 token projects in September 2024. According to analytics firm Santiment, the project had over 400 GitHub events. Meanwhile, Ethereum, the pioneer in smart contracts and decentralized applications, was...
The Chinese government banned cryptocurrency in 2021 in a bid to reduce financial risks and control money flow. However, mining pools in the country continue to wield significant influence over the Bitcoin network. As Ki Young Ju, founder and...
The rise of commodity-backed stablecoins this year has captured quite some attention, especially as an alternative to fiat-backed stablecoins and the volatile broader crypto market. As of August 1, 2024, their total market capitalization reached $1.3 billion, led by...
