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.
Just in March, Tether (USDT) had a market cap of $5 billion, today it has already reached a $10 billion mark.
The cryptocurrency market was overwhelmed by bulls over the last 24 hours.
Joining Chainlink as a node operator, Deutsche Telekom’s T-Systems MMS will provide real-world data to the network.
While the Supreme Court of China is working on strengthening the crypto regulation, an upsurge of CBDC-related scams has been reported.
South Korea has amended its law to charge a 20% tax on crypto earnings above 2.5 million KRW. The tax amendments should be approved by the parliament.
Peirce revealed her disapproval of the earlier SEC actions against the 2018 Telegram ICO. The action caused Telegram to abandon its TON blockchain project.
Bitcoin is going to reach $1 trillion in settlement in 2020, while stablecoins have already seen their biggest year ever. The stablecoin monetary base increased by $3.8 billion.
The developers of the Ethereum 2.0 project will launch the network final public testnet on August 4, reaffirming the possibility of the release of ETH 2.0 in 2020.
DeFi is currently growing by nearly half a billion per week in used or ‘locked’ assets, with it coming close to $2 billion just two weeks ago while now it is ready to surpass $3 billion.
While Digitex introduced itself as the next-gen crypto futures platform, it doesn’t shy away from the other popular niches. Digitex has promised it will launch its own version of crypto spot trading (commission-free) as well as non-custodial accounts.
Bitcoin had another disappointing week providing a negative weekly return of 1.60%.
Despite BTC price moving between $9,000 and $9,500 recently, the CEO of Binance said Bitcoin is stable and the traditional market has a “drag down effect” on it.
Masayoshi Amamiya, the Bank of Japan executive governor, said that a CBDC may play a central role in interoperability between many emerging digital assets in the country.
Brad Garlinghouse, Ripple CEO, at the Parallel Summit on July 17 expressed his opinion about the digital currency industry. He stated that China is a leader of it and admitted that he is awed by China’s approach.
The rise in the DeFi activity has got the Ethereum network transaction volumes to over 1 million and pushed it to its record high. The ETH 2.0 can majorly address the scalability issues for the Ethereum network.