The Solana ecosystem has, however, shown its market resilience with the total value locked (TVL) up over $79 million from December lows to approximately $279 million today.
The Bitcoin market is heavily bolstered by global adoption including several institutional ETFs and the fact that it is used as legal tender in El Salvador and the Central African Republic.
The Bitcoin Cash hard fork ahead this year will bring added security and privacy to the network with CashTokens enabling decentralized applications (Dapps) to run.
The Polygon ecosystem has grown exponentially in the past year with over 207 million unique addresses, and more than 2.3 billion processed transactions.
The SEC also revealed that Genesis and Gemini generated assets worth hundreds of dollars from hundreds of thousands of investors.
The recent development comes as crypto exchange Huobi continues to lose market share in recent times which has now dropped to less than 4%.
Along with the accommodation of this feature, traders will also be able to acquire on-time cryptocurrency market information on all the monetary tokens on the platform.
In December, the Canadian Securities Administrators (CSA) announced strengthening its approach to oversight of crypto trading platforms by expanding existing requirements for platforms operating in Canada.
Globally-renowned exchange Binance recently admitted that its BUSD peg was inadequately undercollateralized by $1 billion.
The master loan agreement (MLA) between Gemini’s customers and Genesis now ceases to exist.
Griffith expects the stablecoin to lead up to the introduction of a CBDC.
e-Money noted that the European MiCA legislation will likely hinder the scalability of Euro-backed stablecoins while further limiting business opportunities in the sector.
Ondo Finance will help customers invest in deep liquidity low-risk traditional assets through blockchain technology.
Although Jamie Dimon remains a Bitcoin critic, JPMorgan continued to make waves in the blockchain industry.
GALA was the top-gainer among the NFT rally that began last week and was last seen changing hands at $0.042.