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As trading volumes are falling, and assuming that trading is the dominant use case for stablecoins, a respective decline in market capitalization would be anticipated, according to Clara Medalie, Kaiko’s research director. USDC and BUSD stablecoins’ market caps have shrunk in tandem with trading volumes. “But we are not seeing
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“However, it also means that the liquidity and retail participation in the market for PEPE is far less than what DOGE and SHIB experienced in previous years. In fact, it seems the retail landscape has changed dramatically, with retail participation appearing nearly nonexistent,” the report added. Original Source
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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. With the recent banking turmoil, ongoing recession and ‘signs of another global economic crisis,’ cryptocurrencies are – once again – emerging as an alternative way to hold one’s assets,
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To be sure, there is a fair amount of competition in the field Rise is building its business in, with companies like Bitwage, DEEL, Request, Remote, ADP and Utopia, offering fiat and crypto payroll services through U.S.-based exchanges, mostly Coinbase (Rise is not disclosing their crypto broker for now). Some
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In early 2021, out of work, stuck at home, and with plenty of time on his hands, Torres experimented with NFTs. In February 2021, he sold an NFT of the Nyan Cat for 300 ETH, worth roughly $590,000 at the time. To those just skimming the headlines, the sale signaled
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied PayPal’s crypto holdings rose 56% in Q1 2023 per a recent submission to the U.S. Securities and Exchange Commission (SEC). In Q1 2023, PayPal’s cryptocurrency assets comprised $499m in bitcoin (BTC), up from $291m in December;
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Block saw increased earnings on several fronts for Q1 2023 due to the success of its other businesses, including Cash App and Square. Block (NASDAQ: SQ) announced its Q1 2023 earnings report, which showed $2.16 billion in Bitcoin (BTC) revenue realized from its Cash App service. Block reported in a shareholder letter that BTC revenue grew
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“America is in a position to lead in crypto and help update the global financial system,” Coinbase said in a letter to shareholders. “We need crypto specific rules, rather than regulation by enforcement, to help this innovative technology flourish and for America to maintain its leadership position.” Source
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In the face of the ever-evolving world of technology, this fictional story was inspired by the fascinating confluence of groundbreaking advancements in artificial intelligence, the unprecedented hype surrounding blockchain technology, and the enduring allure of the Matrix concept. The narrative aims to explore the potential consequences of these developments by
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Due to a strong quarter, Barclays “remains on track to deliver its 2023 targets, with all performance metrics in line with or ahead of guidance.” British multinational investment bank Barclays PLC (LON: BARC) has released its performance results for Q1 2023. The bank’s net profit of £1.8 billion (or $2.2 billion) beat
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