Author: Kent Tenix

Tether and Circle have issued over $2.5 billion over the past week, and 10x Research thinks this growing trend could ignite a Bitcoin next rally. Markus Thielen, a market researcher at 10x, believes that the rise in stablecoin issuance might be the trigger for Bitcoin’s next big surge. Last week, Tether and Circle issued nearly $2.8 billion, suggesting that institutional investors are putting fresh money into the crypto market, according to the head researcher at 10x Research on Aug. 14. He also mentioned that if this trend in stablecoin issuance keeps up, it could push Bitcoin price higher. “If this…

The New York State Department of Financial Services (NYDFS) is hiring a policy specialist to focus on crypto and AI policy, including digital currencies, DeFi, and AI in financial services. That’s why NYSDFS is hiring for its Innovation Policy Unit to develop policies for these innovations. As such, this role will be responsible for engaging new and significant policy issues within the context of the financial environment. In the same ad for the policy specialist position, the work focuses will include problem-solving across traditional markets, crypto and DeFi, and artificial intelligence and machine learning in finance. The evolution of BitLicense…

The XRP price is holding steady above $0.5650. To see a new rise soon, it needs to break through the $0.5800 resistance level. At the time of writing, XRP is trading at $0.5663, up over 0.50% in the last 24 hours. Moreover, XRP was up over 10% in the past week, and the trading volume of XRP is now over 1.391 billion, according to data collected from coinmarketcap. Although the top cryptocurrency, Bitcoin, is trading at $59,286, up 0.15 in the last day. XRP faces resistance at $0.5850: Will it spark a rally? XRP’s price dropped below the $0.550 support…

The Canto Chain upgrade addresses the recent 33-hour outage caused by a consensus issue, ensuring enhanced stability and reliability for its DeFi-focused blockchain. On August 12 Cosmos-based layer-1 blockchain saw an outage for more than a day, and now the team has planned an upgrade to fix this issue. The blockchain announced that the outage was caused by to consensus issue. Canto blockchain, launched in 2022, is famous for permissionless general-purpose blockchain especially focused on DeFi applications, and is also compatible with Ethereum Virtual Machine. As per CantoScan block explorer, the Canto blockchain saw a blackout for almost 33 hours,…

BlackRock’s IBIT was the first Bitcoin ETF to surpass $1 billion in inflows. The BlackRock Ethereum ETF, the iShares Ethereum Trust, might be the first U.S. spot Ethereum fund to reach $1 billion in net inflows. Trading under the ticker ETHA, the ETF has already gathered about $901 million in just three weeks since its launch and is quickly closing in on this milestone, according to data from Farside Investors. Nate Geraci, president of The ETF Store, believes ETHA will surpass $1 billion in inflows this week, pointing out that it’s already ranked as one of the top six ETF…

The news of Poodlana, a Solana base meme coin listing on Raydium, caught the attention of investors, resulting in an instant increase of 350% in user activity on the Uniswap Layer 2. The presale of Poodlana raised $6.3M on the exchange and the price of the meme coin is rising after every 72 hours, before listing. The current price of meme coins in the presale is $0.0499, but after two days and two hours, the token will spike to $0.0539. With the shift in market dynamics, interest rises in innovative token projects and decentralized finance. According to Dune Analysis, the…

During the frenzy over political tokens and the heated competition between former President Donald Trump and Vice President Kamala Harris, a crypto token called Restore the Republic (RTR) surfaced. Fortune reports that this token capitalized on Trump-related rumors, tricking investors and resulting in significant financial losses. $ 155 Million loss: The RTR token story According to the report, the trouble started on Thursday when the RTR token suddenly appeared on the Solana blockchain. Rumors quickly spread that this new cryptocurrency might be linked to former President Donald Trump or his family. Fortune reported that the buzz was fueled by a…

Turkey is experiencing a rapid increase in applications from cryptocurrency companies interested in operating there. Turkey new crypto regulations, the Turkish Capital Markets Board announced 47 new cryptocurrency companies that applied for the license. In an announcement from the CMB, well-reputed companies like OKX TR, Bitfinex, and Binance have applied for the license to grab the Turkish market.  The rapid growth in applications happened after the “Law on Amendments to the Capital Markets Law” started on July 2. This law is designed to create rules for crypto service providers in Turkey. In the statement, CMB stated that only three companies…

Bitcoin‘s quick price recovery sparked the community’s trust in Bitcoin, especially for short-term prospects, while some analysts assume a price recovery in BTC to its previous trading mark. CryptoQuant CEO Ki Young Ju reassured Bitcoin investors that the bull market is still in progress, suggesting a rebound in price in the upcoming months. After investigating several bullish and bearish on-chain performances of the asset, the CEO expresses positive price changes in the asset. By analyzing bullish on-chain performance, ju talked about the hash rate, which is gradually increasing to its all-time high level. The CEO predicted the hash rate will…

Despite tightening controls on money laundering and terror financing, India is not planning to regulate cryptocurrency transactions anytime soon. The Indian government has stated that, although they are increasing scrutiny on crypto-related money laundering and terror financing, there are no immediate plans to regulate the buying and selling of cryptocurrencies. During a parliamentary meeting on August 5, Pankaj Chaudhary, India’s Minister of State for Finance, answered questions about the country’s position on crypto regulations. Chaudhary explained that India hasn’t done any research to find out how many people are using cryptocurrencies. He stated: “Crypto assets or Virtual Digital Assets (VDAs)…