While the stablecoin economy is worth roughly $ 153 billion today, euro-backed stablecoin issuance has increased 1,683% from $ 31.9 million worth of euro-based tokens on January 3, 2020, to today’s $ 569 million. Since November 2021, the number of euro stablecoins swelled by 85.34%, but from January 2022 to today, …
The U.S. Federal Trade Commission (FTC) has revealed that more than 46,000 people have reported losing over $ 1 billion in cryptocurrency to scams since the beginning of last year. FTC Says Scammers Stole Over $ 1 Billion in Crypto The U.S. Federal Trade Commission published a “Data Spotlight” report on crypto …
On Wednesday, the Federal Open Market Committee (FOMC) and Fed chair Jerome Powell held a press conference concerning the American economy, the central bank’s plans to address inflation, and the ongoing Russia-Ukraine war. Powell announced that the FOMC decided to increase the benchmark bank rate by a quarter percentage and further noted the Fed …
While the crypto economy has shed more than 3% in fiat value during the last 24 hours dropping to $ 2.09 trillion, the top rebase tokens by market capitalization have seen significant losses this week. At the time of writing, the rebase token economy is valued at over $ 3.2 billion but …
This week, bitcoin’s market dominance among the market capitalization of all 12,046 crypto assets in existence has been hovering above 38%, while ethereum’s overall valuation commands 19% dominance. A report published on Monday shows that since 2014, the market share of altcoins surged threefold from 21% in 2014, to today’s market share of 62%. …