Hong Kong-based crypto custodian Hex Trust Group has recently introduced its native decentralized stablecoin, USDX, on the Flare blockchain. This stablecoin is backed 1:1 by the U.S. dollar and serves as a DeFi primitive on Flare, offering various financial opportunities to users. Unlike centralized stablecoins such as USDC and USDT, which are backed by real-world
Crypto
In the first quarter of 2024, global venture capital investment in crypto companies reached $2.4 billion, marking a notable increase from the previous quarter. This rise in investment indicates a potential return of investor interest in the cryptocurrency space after a period of decline. The peak of crypto venture capital flows was observed in the
Bitcoin’s price has shown little movement recently, hovering around $67,148.4 after a weekend rebound. Despite efforts to break out of the $60,000 to $70,000 trading range established since mid-March, the cryptocurrency has struggled to find momentum due to a lack of significant catalysts. Investor caution over the outlook for U.S. interest rates has also contributed
Bitcoin (BTC), the world’s biggest cryptocurrency, is currently experiencing a period of price pause. In the midst of this, Michael Saylor, the chairman of MicroStrategy, has made a bold declaration that has caught the attention of the cryptocurrency community. His message is straightforward and simple: “Bet on Bitcoin.” Saylor’s statement comes at a crucial moment
Bitcoin’s recent 9.3% surge in price, pushing it over $67,000 per BTC, has ignited new conversations within the financial world. This increase, the first of its kind since early March, comes after a period of decline following an all-time high of $74,000 per BTC. Despite the positive movement, prominent figures like Peter Schiff have dismissed
In a recent development, a Bitcoin holder found themselves in a precarious situation after mistakenly sending 90% of their BTC stash to an address believed to be associated with Satoshi Nakamoto. The error occurred during an attempt to sacrifice an ordinal for the PUPS token, resulting in an accidental transfer of over $7,000 in BTC
Michael Saylor, the founder of MicroStrategy, recently made a significant statement regarding the ongoing battle between Bitcoin and traditional fiat currency. He emphasized that Bitcoin is effectively protecting investors from the devaluation of fiat currencies, reaffirming its status as a reliable store of value. Bitcoin, the world’s leading cryptocurrency, recently surpassed the $67,000 price mark,
Bitcoin has been showing impressive bullish momentum in recent days, with the price pushing through key resistance levels to reach new highs. The cryptocurrency managed to break through the $63,000 and $65,000 levels, indicating strong buying pressure and investor confidence. Currently trading above the 50, 100, and 200 Exponential Moving Averages (EMAs), Bitcoin is in
It is no secret that the world of cryptocurrency is constantly evolving, with new projects and tokens emerging every day. One such project that has caught the attention of the crypto and meme coin communities is Penguiana, a penguin-themed Solana meme coin. With its presale surpassing 1,500 SOL, Penguiana is making waves in the industry.
BlackRock’s IBIT ETF has recently emerged as a dominant player in the Bitcoin market, surpassing its competitors not only in terms of the amount of Bitcoin held but also in other crucial metrics. Senior ETF analyst Eric Balchunas highlighted the impressive performance of IBIT in a recent tweet, revealing that the ETF has attracted a