A Paxos representative has stated that the latest detachment of the Pax Dollar (USDP) stablecoin from its peg wasn’t due to problems within the protocol itself, but rather with pricing systems used for calculations. On April 16, the value of a Pax Dollar momentarily reached $1.29, but it quickly retreated to its original price at … Read more
Bitcoin’s recent volatility sparks debate over its investment potential. The impact of halving on revenue underscores the need for efficient resource management. As the Bitcoin [BTC] halving countdown begins, hearts are all pumped to see what happens next. Without repeating myself, every halving event is distinct, but it appears that the fourth one is showing … Read more
According to a recent study, trading activity on major decentralized crypto exchanges such as Binance has noticeably increased since the end of last year. Based on information from Bybit’s Institutional Report for 2024, several crypto exchanges experienced a minimum threefold increase in their monthly trading volumes between October 2023 and March 2024. Since October last … Read more
In simpler terms, companies that deal with conventional finance (TradFi) are increasingly open to the concept of representing financial assets as digital tokens on publicly accessible blockchains. The competition to tokenize financial assets using blockchain technology is becoming more intense. Markus Infanger, senior vice president at RippleX, explains that traditional finance (TradFi) industry players are … Read more
Dogecoin records growth in the last month amid the meme market decline. The gains may be wiped off soon, as key indicators showed that the bears remain in market control. In simpler terms, among all popular meme coins, only Dogecoin (DOGE) has seen price increases during the past month. According to recent analysis by IntoTheBlock, … Read more
Two proposed bills in the Arkansas State House, if enacted, may limit cryptocurrency mining within the state. These bills are currently just approved measures, but they set the stage for possible future debates and potential creation of laws on this subject. During a Senate hearing on the 17th of April, legislators aimed to discuss and … Read more