Over 90% of Stablecoin Transactions Are Non-Organic
Visa’s metric filters out bot-driven and high-volume trader transactions, revealing that only $149 billion of $2.2 trillion in stablecoin transactions were from genuine user activity.
This news section spotlights emerging altcoins, project updates, tokenomics changes and ecosystem developments driving innovation in DeFi, Web3 and digital assets. Keep track of the next wave of digital currencies before they make headlines—and gain insights that matter in the altcoin sector.
Visa’s metric filters out bot-driven and high-volume trader transactions, revealing that only $149 billion of $2.2 trillion in stablecoin transactions were from genuine user activity.
The updated law welcomes donations in local government-issued, KRW-pegged stablecoins and blockchain-based gift vouchers.
The Australian Securities & Investments Commission (ASIC) has reached a significant legal milestone in a case concerning non-cash crypto payments.
Railgun researchers said that US regulators and prosecutors haven’t unleashed a crusade against crypto privacy protocols and were largely positive and genuinely interested in understanding developments in the broader crypto market.
Dutch authorities have made an arrest in connection to the recent scam around the relatively new crypto project ZKasino. The suspect’s detention has been extended for an additional 14 days.
In a significant development within the bankruptcy proceedings involving the defunct exchange FTX and its debtors, Ryan Salame, former co-chief executive of the company, has agreed to forfeit his $5.9 million Bahamas property as part of a plea deal in a criminal case.
Decentralized social network Friend.Tech just bagged a new upgrade by pushing out its new naive token for trading on its native decentralized exchange on the Base network. According to DexScreener, the new token is currently trading at $3 with a total circulating supply of 14.5 million.
This collaboration with Chainalysis provides Tether with advanced tools to detect transactions involving sanctioned entities and track the activities of major token holders.
As the US continues to intensify its crackdown on the crypto industry, Senator Cynthia Lummis remains a vocal advocate for the asset class calling for clear regulatory guidelines to be established for the crypto industry.
On the 28th and 29th of April, the network witnessed the creation of 266.6K new wallets, marking the most substantial two-day surge in network expansion since October 8th and 9th, 2022.
Top Solana innovator has shared a crucial network update post-congestion, highlighting how the worst user experience era has passed
Given that there is no exact timeframe regarding when to expect new official regulations, Harris and Trotter Digital Assets assists crypto projects in bookkeeping for their crypto holdings and transactions.
Do Kwon’s lawyers contend the court should not grant any injunctive relief or disgorgement and should impose at most a $1 million civil penalty against Terraform Labs.
In addition to the decreased demand for Bitcoin ETFs, analysts also pointed to a slowdown in Bitcoin demand among institutional investors as a contributing factor to the market downturn.
With all the upgrades that the proposal suggests, a notable part focused on growing the protocol’s algorithmic stablecoin GHO.