Author: Digicoinvision
A16zcrypto says active crypto users are now around 70 million, up 10 million from last year, showing more people are actually using crypto. And adoption is picking up everywhere, with wallets booming in emerging markets more than anywhere else. Summary Andreessen Horowitz’s crypto arm estimates that active crypto users have grown to 40-70 million, up 10 million from last year, signaling a shift from passive ownership to regular on-chain activity. Adoption is rising globally, with mobile wallets booming in emerging markets and trading activity leading in developed nations, while Bitcoin, Ethereum, and Solana see renewed engagement from users and developers.…
The feud between Fetch.ai and Ocean Protocol Foundation may be drawing to a close as the two sides look to reach a middle ground without escalating into a full-blown legal battle.On Thursday, Fetch.ai said it would cancel all pending legal claims against the Ocean Protocol Foundation if the latter returned the 286 million Fetch.ai (FET) tokens that were allegedly sold during their merger.“They are expecting a legal proposal from us for the return of the tokens,” said Fetch.ai CEO Humayun Sheikh, during a Thursday X Spaces show, adding:“You can have my letter tomorrow. The offer is simple: give my community…
Join Our Telegram channel to stay up to date on breaking news coverage Paxos co-founder Charles Cascarilla has framed the accidental minting of $300 trillion in PayPal’s PYUSD stablecoin as evidence of blockchain transparency. “It underscores the value of the blockchain,” Cascarilla said during a Federal Reserve crypto roundtable. “It actually shows the transparency that you can immediately have into what’s going on. In this case, an operational error that was entirely internal to our systems is now immediately visible to everybody.” He added that the the entire financial system could have the same level of transparency over time, something…
The US energy secretary has urged the Federal Energy Regulatory Commission (FERC) to write new rules enabling big electricity consumers, such as AI data centers and Bitcoin mining operations, to connect directly and quickly to the power grid.In a letter released on Thursday, US Energy Secretary Chris Wright asked the FERC, the independent agency that regulates the interstate electricity grid, to grant expedited reviews and create standardized procedures for large electricity users to hook directly into the high-voltage transmission system. The high-voltage transmission system has a bigger capacity than local grids and typically large industrial facilities that consume power at…
Join Our Telegram channel to stay up to date on breaking news coverage The Hyperliquid price soared 12% in the last 24 hours to trade at $38.79 as of 3:50 a.m. EST on trading volume that surged 12% to $707 million. This comes as Hyperliquid Strategies plans to raise up to $1 billion to purchase tokens that power the world’s largest decentralized derivatives platform. An S-1 registration statement with the US Securities and Exchange Commission (SEC) says it plans to offer up to 160 million shares of common stock to fund additional Hyperliquid (HYPE) purchases. 🚨 JUST IN: HYPERLIQUID STRATEGIES…
The Latin American region is tapping into blockchain-based services for payments and access to financial services, signaling that the crypto industry serves more than just financial speculators chasing the next memecoin pump.Latin American citizens are increasingly using cryptocurrency to replace the region’s inadequate banking infrastructure, allowing them to facilitate digital payments and create stablecoin-based savings accounts.“LATAM adoption is quite high. People are using stablecoins for daily life, so it’s a whole different market,” said Patricio Mesri, co-CEO of cryptocurrency exchange Bybit’s Latin American division. “Crypto is actually changing the lives of people. You see adoption in Argentina, Venezuela, Bolivia and…
Join Our Telegram channel to stay up to date on breaking news coverage The Solana price surged 1.6% in the last 24 hours to trade at $187 as of 3:30 a.m. on an 11% fall in trading volume to $7.13 billion. This surge comes on the heels of news that Hong Kong has become the first place in the world to approve a spot Solana ETF, beating out the US as its approvals are slowed by the government shutdown. 🚨 JUST IN: 🇭🇰 Hong Kong has officially approved the first-ever $SOL Spot ETF by ChinaAMC! Solana just joined the big…
Crypto-friendly banks Custodia Bank and Vantage Bank have launched a turnkey blockchain solution allowing traditional banks to issue tokenized deposits that will work with stablecoins. The solution enables banks to leverage blockchain’s near-instant, low-cost transactions in an interoperable manner with other banks while being able to retain customer deposits, the two banks said in a statement on Thursday.“The patent-protected framework is designed to provide institutions and their customers with the efficiencies and security of tokenization while safeguarding core deposits from the risk of disintermediation.”Source: Caitlin LongTokenized deposits are digital versions of bank deposits issued on a blockchain, representing real US…
Ethereum is holding firm within the $3,600–$3,800 range, showing resilience despite recent market pullbacks. Such a consolidation phase could be the calm before a major breakout, as chart patterns hint at a possible pre-rally formation that might propel ETH toward new all-time highs. Potential Right Shoulder Formation Signals Structural Strength Crypto analyst MarketMaestro delivered a detailed technical update on ETH, noting that the asset recently suffered a key rejection at its neckline resistance. Following this failure, the price is now positioned in a crucial retest phase at a red diagonal resistance line that it had previously surpassed. ETH’s market’s success…
Join Our Telegram channel to stay up to date on breaking news coverage Binance co-founder Changpeng Zhao, aka CZ, has clashed with Bitcoin critic Peter Schiff over claims he made about tokenized gold. The confrontation originated from comments Schiff made in a live stream with Threadguy that he plans a blockchain-based platform to launch a tokenized gold product that would have an edge over Bitcoin. “Because gold will maintain its purchasing power so ideally the one thing that makes sense to put on a blockchain is gold,” he said. Schiff added that his tokenized gold product will “do all the…