Cryptocurrency is digital money for safe online transactions. **Today, around 46 million Americans** dive into the bitcoin market. By the end of 2022, experts think nearly **1 billion folks globally** will use cryptocurrency for their transactions. Right now, everyone is interested to know how many coins are available in the market and how this phenomenon…
Key Takeaways Federal Reserve Chair Jerome Powell stated that crypto assets are becoming more mainstream and the industry is maturing. Powell expressed support for banks engaging with crypto, as long as regulation ensures safety and soundness. Share this article Federal Reserve Chair Jerome Powell said Wednesday that Bitcoin and other crypto assets have matured and…
Crypto exchange Crypto.com has announced it secured $120 million in insurance coverage for digital assets held in Crypto.com Custody Trust, its U.S.-based solution. The exchange said in an announcement that the $120 million insurance cover is arranged by Aon, a London-based insurance company. Aon worked with underwriters via Lloyd’s of London to assess Crypto.com’s risk…
New on-chain data has revealed a widening profit gap across major crypto assets, fueling speculation on which coins are overheated and which are primed for a breakout. According to market intelligence platform Santiment, 94.5% of Bitcoin (BTC) holders are sitting on unrealized gains, with Ethereum (ETH) trailing slightly at 88.7%. On the flip side, less…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A June 24 blog post by Input Output Research (IOR) and the Intersect Research Working Group marks the clearest pivot yet in Cardano’s scaling strategy. Rather than elevating Hydra as a lone panacea, the six-minute read recaps a recent IOR research session…
The US federal home loan regulator is looking into how crypto holdings could help mortgage seekers qualify for home loans. The move comes amid a decline in the number of mortgage applications in recent years as the US experiences a housing crisis. In a statement on X on June 23, Bill Pulte, head of the…
MongCoin (Mong) is a decentralized cryptocurrency designed to facilitate secure and transparent financial transactions. It operates independently from traditional financial institutions, offering users a platform for buying, selling, and trading digital assets. By engaging with various cryptocurrency exchanges, individuals can participate in the market dynamics surrounding MongCoin. The value of MongCoin fluctuates based on market…
Key Takeaways zkLend is shutting down after a security exploit and the ZEND token’s delisting from Bybit and KuCoin. The protocol will use its remaining $200,000 treasury to support affected users and is open-sourcing its codebase. Share this article zkLend, a decentralized lending protocol built on Starknet, has announced it will cease operations in the…
The attacker(s) that exploited the Cork protocol for millions earlier this year has resurfaced to launder their loot and make a surprise donation. On Wednesday, June 25, blockchain security firm PeckShield Alert flagged renewed activity from wallet addresses tied to exploiters of the decentralized finance platform Cork Protocol. The movements marked the first recorded from…
The XRP Ledger (XRPL) has launched version 2.5.0 of its software, bringing several improvements to the network. This marks a major step for XRPL, which is working to compete more directly with blockchain platforms like Ethereum and Solana. Updates and Bug Fixes One of the release’s most notable features is support for batch transactions. This allows…
