Cryptocurrency

As the world navigates the ever-evolving landscape of Web3, it's easy to get caught up in the hype and speculation surrounding this emerging technology. Many claim that Web3 is nothing more than a playground for millionaires to be made overnight, with memes trumping actual utility. Long-term builders and dreamers can quickly lose faith in the industry's future, but amidst the noise, there are bright spots. Blockchain and Crypto: A Force for Good Blockchain and crypto technologies are genuinely benefiting humanity, particularly in emerging markets. Web3 technology is helping to bridge the gap between the underserved and underbanked populations, combating deficiencies in modern traditional institutions in finance and beyond. The investment community needs to take notice of this trend and shi...

Donald Trump Touts World Liberty Financial Crypto Project on Social Media In a recent move that has generated significant attention in the crypto space, U.S. Republican presidential candidate Donald Trump took to social media platform X to promote World Liberty Financial (WLFI), a new cryptocurrency project backed by his family. Initial Token Sale Falls Short of Target As reported earlier this week, the initial sales of WLFI tokens fell well short of the target, with just 3% of the total tokens allocated for public sale being sold as of press time. The token sale website went live on Tuesday and suffered several outages throughout the day. Trump's Endorsement Comes Late in the Day Trump's post announcing his endorsement of WLFI came later in the U.S. day on Tuesday, several hours after the...

As the Web3 ecosystem continues to grow, it's becoming increasingly important for projects to focus on building strong relationships with their communities. Kenneth Michael, business development and blockchain growth lead at E-Magine Ventures, recently shared his insights on this topic during a conversation at Cointelegraph X Spaces. The Importance of Community Nurturing According to Michael, many Web3 projects are neglecting the needs of their communities. "I would like to see more Web3 projects actually spend time nurturing their community," he said. "Not just supporting them, but making sure they feel heard, satisfied, and that their needs are being met." This sentiment is particularly relevant for Gen Z and digital natives who value authenticity and transparency in ...

In a significant move that could further legitimize cryptocurrency trading in the traditional finance world, Morgan Stanley, one of the largest asset managers globally, is reportedly considering adding cryptocurrency trading to its E-Trade online brokerage platform. According to a January 2 report by The Information, this decision comes as part of expectations for a friendlier crypto regulatory environment under United States President-elect Donald Trump. A Shift in Regulatory Landscape Trump has promised to appoint industry-friendly leaders to key regulatory agencies and make the US "the world's crypto capital." This shift in regulatory landscape could pave the way for traditional financial institutions like Morgan Stanley to venture into cryptocurrency trading. By adding crypto...

Opinion: Why UK's Regulatory Advantages Should Not Be Overlooked in Cryptocurrency Markets by Pavan Kaur, partner at Gunnercooke Conventional wisdom would suggest that the United Kingdom outside the European Union economic bloc is a minnow relative to comparable markets such as China and the United States. In traditional trade negotiations, the market size often decides the scale and quality of terms that can be negotiated. However, in cryptocurrency markets, the rules are far from set, and the UK has several overlooked and misunderstood advantages relative to other markets that it would do well to seize on in the current emerging regulatory landscape. Global Financial Hub London's leading position as a global financial hub gives UK regulation a sizable global influence. It is now non-nego...

As bitcoin staged a recovery rally to above $98,000, Solana-based bonk (BONK) led growth among dog-themed memes on Saturday, following a bloodbath the day before that pushed it near $93,000. Market Recovery and Volatility The market-wide jump of 4.5% as tracked by the broad-based CoinDesk 20 (CD20) index was dwarfed by the average gain of 8% in the dog-themed token category over the past 24 hours, with bonk surging 30%. CoinGecko data shows that dogecoin (DOGE), shiba inu (SHIB), and floki (FLOKI) also surged as much as 20%. Memecoins: High Volatility and Leveraged Bets Memecoins are known for their high volatility, which tends to outperform major tokens during price rallies. This phenomenon is largely due to the fact that memecoins serve as a leveraged bet on the overall crypto market sen...

A significant player in the cryptocurrency market, known as a whale, has made substantial gains from an investment in the Virtuals Protocol (VIRTUAL) token. The unknown investor purchased over $10 million worth of VIRTUAL tokens, which serve as the utility token for the artificial intelligence agent launch platform. Unrealized Profit Reaches Over $11.5 Million in 19 Days According to onchain intelligence platform Lookonchain, the whale's investment generated more than $11.5 million in unrealized profit over the past 19 days. The data was reported on January 2nd via a post on X (formerly Twitter). A Whale Spent $10M USDC to Buy 4.25M VIRTUAL The Lookonchain post highlights the whale's significant investment: "A whale spent 10M $USDC to buy 4.25M $VIRTUAL 19 days ago, which is now worth...

Last week, the world of non-fungible tokens (NFTs) experienced a significant surge in sales volumes, with Ethereum-based collections leading the charge. According to data tracker CryptoSlam, the total digital collectible weekly sales volumes reached an impressive $304 million. Ethereum NFT Sales Volume Surges by 76% On December 21st, CryptoSlam reported that Ethereum NFTs experienced a remarkable week-on-week increase of 76%, reaching a staggering $201 million in sales volume. This represents an astonishing 66% of all NFT sales volume over the past seven days. Bitcoin and Solana-based Collections Lag Behind In comparison, Bitcoin-based NFTs recorded a relatively modest $40 million in sales, while Solana-based collections had $29 million. Other notable blockchain platforms, including Mythos...

A New Era of Regulatory Clarity As we bid farewell to 2024, it is clear that this year will be remembered as a pivotal moment in the global crypto regulatory landscape. Policymakers worldwide have been actively crafting comprehensive rules to govern the rapidly evolving cryptocurrency market. In this article, we will delve into the key developments that have shaped the regulatory environment in various regions, with a focus on the United Arab Emirates (UAE). A Global Perspective: Strategic Reserves and Mainstream Adoption The year 2024 has seen significant strides towards mainstream adoption of cryptocurrencies. Notably, President-elect Donald Trump's proposal to establish a strategic Bitcoin reserve in the United States has sparked enthusiasm and debate. Rumors suggest that six other inte...

As institutional Bitcoin adoption accelerates and its decentralized finance (DeFi) ecosystem matures, several industry executives predict that Bitcoin-native DeFi will be one of the hottest themes in 2025. This phenomenon is expected to bring forth immense growth potential for various sectors within the DeFi landscape. Bitcoin Staking: A Growing Market Opportunity The growth potential for BTC staking is particularly strong, with a total addressable market estimated to be in the hundreds of billions of dollars. As of December 30, Bitcoin staking commands roughly $5.5 billion in TVL (Total Value Locked) according to Staking Rewards. "Everything aligns for Bitcoin staking being a significant market," Matt Hougan, Bitwise's head of research, told Cointelegraph. "There’s a lot of...