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[ad_1] Glassnode data analyzed by CryptoSlate indicates that Ethereum’s (ETH) dominance over stablecoins has been increasing and reached its highest in the last three months. Ethereum’s dominance over stablecoins strengthens as the ETH price surpasses $1,600. The analysis includes the top four stablecoins: Tether (USDT), USD Coin (USDC), Binance USD (BUSD), and DAI (DAI). The…

[ad_1] Initially, the term “crypto asset” meant bitcoin and nothing else. However, the sector has experienced massive expansion by creating thousands of alternative crypto assets and tokens over the past decade. And while all of this activity was made possible by the Bitcoin network’s seminal use of blockchain technology, the reality is the intended utility…

[ad_1] BNB Chain deployed the highest number of dApps throughout 2022 with 2,163 dApps, while Ethereum ranked first for amount of NFT transactions, according to a recent report by DappRadar. With 21.2 million transactions, Ethereum (ETH) became the busiest platform for NFT sales in 2022, followed by WAX (WAXP) and Polygon (MATIC) at second and…

[ad_1] Funds collected by ransomware attacks fell to $456.8 million in 2022 from a high of $765.6 million in 2021, according to a new report from analytics firm Chainalysis. Crypto-related ransomware attacks have seen a steep fall in success rate over the last 12 months. Crypto ransomware activity The chart below shows the rise and…

[ad_1] Former FTX.US President Brett Harrison is in the process of launching a new cryptocurrency startup that would service institutional clients. According to a Bloomberg News report, Harrison has raised $5 million from well-known industry investors, including Coinbase Ventures and Circle. Harrison’s new company — dubbed Architects — will reportedly cater to institutional clients and provide…

[ad_1] Genesis Trading appears to have halted all wallet on-chain operations on Jan. 20 after filing for Chapter 11 bankruptcy in the Southern District of New York The wallets  hold over $280 million in crypto — 144,847 in Ethereum (ETH) worth $220 million — as of press time. Current wallet holdings Genesis Trading’s nine remaining…

[ad_1] Bitcoin BTC (24h) $20,885.73 -2.46% Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent electronically from user to user on the peer-to-peer bitcoin network without intermediaries. More about Bitcoin [ad_2] Source link

[ad_1] Nouriel Roubini renewed his objections to crypto, warning people to stay away as 99% of it is a scam. “FTX, SBF are not an exception; they are a rule. Nearly 99% of crypto is a scam, criminal activity, bubble, Ponzi scheme. It’s going bust.” Roubini has a long history of voicing negative opinions about…

[ad_1] OKX has reported its Proof-of-Reserves (PoR) for the first time revealing $7.5 billion in Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), according to its January PoR report on Jan. 19. OKX is the only one among the top five exchanges with “100% clean” reserves, according to CryptoQuant — a term bestowed when an exchange’s reserves do…

[ad_1] Bitcoin fell 4%, bottoming at $20,400 following news of the U.S. Producer Price Index (PPI) coming in better than expected. December 2022’s PPI came in at 6.2% year-over-year (YoY,) less than the expected 6.8% rate. The data signaled an easing of inflationary pressure, giving scope for the Fed to slow its current pace of…