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The latest Cointelegraph Report assesses the current growth rate of global cryptocurrency usage and tries to predict when crypto will reach mass adoption. Cryptocurrencies must reach mass adoption to unlock their maximum potential as a network technology and their value as financial assets.  As with other technologies, the adoption of crypto follows a classic bell curve: Starting from a small number of innovators, it grows as early adopters embrace it, moving into mass adoption as it expands to the early and late majority. Finally, it reaches those lagging behind in its final phase. Since its launch 14 years ago, Bitcoin’s (BTC) adoption has dramatically increased. The cryptocurrency has gone from being a fringe technology discussed by a small group of cypherpunks and nerds to being known worldwide, with some nation-states even adopting it as legal tender. According to most estimates, though, crypto’s global adoption rate is still in the single digits, which means it still remains...

Forta integrates with QuickNode to better monitor and protects all assets in Web3. Forta is a real-time detection network for the security monitoring of blockchain activity. The decentralized Forta Network scans all transactions and block-by-block state changes. Leveraging machine learning to detect threats and anomalies on DeFi, NFTs, bridges, governance, and other Web3 systems.  With a mutual commitment to securing and monitoring assets within the Web3 space, Forta and QuickNode are collaborating to offer developers an easy and secure way to access Forta scan nodes. This collaboration is made possible through QuickNode’s world-class blockchain infrastructure, which ensures reliable access to Forta’s services. Now,  developers have safe and seamless access to Forta scan nodes via QuickNode’s high-performance infrastructure. Forta is a real-time detection network for the security monitoring of blockchain activity. The decentralized Forta Network scans all transactions and block-by-bloc...

Lightspark CEO David Marcus recently expressed concerns about the United States falling behind in digital asset development, further intensifying discussions on global cryptocurrency competitiveness. In a recent statement, David Marcus, CEO of Lightspark and former PayPal president, expressed his frustration over the United States’ perceived lag in digital asset development compared to the rest of the world. Marcus previously spearheaded the Diem stablecoin initiative under Meta, a project later abandoned. Marcus communicated his concerns through Twitter, responding to a tweet by Fred Ehrsam, co-founder of Paradigm and former co-founder of Coinbase. Ehrsam was pointing out new recommendations put forth by the Law Commission to reinforce the United Kingdom’s standing as a global cryptocurrency nexus. Imagine if this was a headline from the US government 🥲 pic.twitter.com/oqMxd1biab — Fred Ehrsam (@FEhrsam) June 29, 2023 “The U.S. is experiencing a setba...

Join Our Telegram channel to stay up to date on breaking news coverage BitMEX, the top derivatives exchange in the crypto industry, is currently facing a fraud scandal that could threaten its future.  Hoping to present an organized front, the firm is now designating new leadership positions to company officials.  Shedding the Bad Publicity  Earlier today, 100x Group, the derivatives exchange’s operator, announced that three of its top executives including the CEO have stepped down. The men – Arthur Hayes, Samuel Reed, and Ben Delo – previously served on BitMEX’s board, with Hayes being the company’s CEO. In light of recent allegations, however, they will be voluntarily stepping down. 100x Group also confirmed that Gregory Dwyer, BitMEX’s Head of Business Development, also got roped in the case and will leave absence. It’s unclear how long the leave will run.  Replacing Hayes will be Vivien Khoo, 100x Group’s Chief Operations Officer up to t...

Spain has granted regulatory approval to Ripio, allowing the crypto exchange to provide its customers with a range of crypto currency products as the country establishes itself as a good hub for bitcoin and web3 companies. In another significant development for the cryptocurrency industry, Spain’s regulatory authorities have officially granted Ripio crypto exchange a Virtual Asset Service Provider (VASP) license.  The approval, announced by the company’s CEO, allows Ripio to offer its comprehensive range of cryptocurrency products and services to customers in Spain. This move follows the footsteps of leading exchanges like Bit2Me and Bitpanda, which have already obtained regulatory approval to establish their operations within the country.  Spain‘s commitment to creating a favorable environment for bitcoin (BTC)-linked businesses has gained momentum with the passing of the Markets in Crypto Assets (MiCA) bill in April. Based on the MiCA regulation, Spain ai...

Join Our Telegram channel to stay up to date on breaking news coverage Pepe Coin has shown very strong potential lately. Over the past week, PEPE has increased by 43.03%, continuing a strong upward trend. Pepe Coin has had a very exciting week following the positive ETF news that caused Bitcoin and many major altcoins to surge. Pepe Coin (PEPE) has attracted a lot of meme cryptocurrency enthusiasts despite its recent entry into the market. It consequently presented the potential of surpassing digital currencies like Dogecoin (DOGE) and Shiba Inu (SHIB).  As the market has recovered, the frog-themed meme coin PEPE has stabilized with significant gains. the most entertaining outcome is the most likely $PEPE https://t.co/IlEBIrEGnZ pic.twitter.com/EdZJIa4wyf — Pepe (@pepecoineth) June 26, 2023 PEPE’s surge follows days of astounding performance in the whole cryptocurrency market. Bitcoin increased by 5.21% over the past week, while Ethereum increased by 3.23%...

Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin Satoshi Vision (SV) is a non-mineable token currently trading at $159.44, with a market capitalisation of around 2.9 billion. It is currently the 31st largest cryptocurrency in terms of market cap. The coin is showing strong strengths despite the dip. Bitcoin SV’s popularity stems from its objective to fork the bitcoin cash (BCH) blockchain and adjust the protocol. Bitcoin SV Price Analysis One of the metrics in the crypto market that can help analyse the strength of a trend is trading volumes. Looking at the trading volumes of Bitcoin SV at Coinmarketcap, the volumes were at 735, 688,444 at the time of writing, a decrease in 24 hours. This metric show that the demand for the coin has slumped compared to the previous day. Source: TradingView Looking at the chart above, bitcoin SV still has a long way to go before reaching its all-time high above $480 recorded in mid-April. The coin trading at...

The underpinning technology for the U.K.’s CBDC could use an alternative to blockchain technology. The Bank of England (BoE) has made significant developments in its central bank digital currency (CBDC) program. Tom Mutton, director of fintech at the BoE, recently shared insights on the privacy aspect of the CBDC and why the central bank might look for other options beyond blockchain as the underpinning technology. In the interview, Mutton said that during a recent meeting of technologists hosted by the BoE to discuss digital pound design, there was a clear disagreement on which ledger should be used for the CBDC. Thus, the bank aims to trial multiple ledger technologies, including blockchain. Dubbed Britcoin, the development plans for a digital pound were first proposed when the United Kingdom’s Treasury Department and the BoE established a joint task force to research a U.K. CBDC in April 2021. Later, in February 2023, the bank issued a consultancy paper outlining the design of th...

Ark Invest is More Deserving This comes after BlackRock brought a renewal of hope to the cryptocurrency industry through its spot BTC ETF application with the United States Securities and Exchange Commission (SEC). Therefore many people believe that if approval is coming soon from the regulator, BlackRock would be best posited for it. advertisement Bloomberg Intelligence ETF analyst James Seyffart on the other hand, says Ark Invest is more deserving of approval citing an earlier application.  “21Shares, ARK and Cboe are first in line because their next SEC decision date is 8/13/23 and we don’t yet have a date for the other 19b-4 applications like the one from BlackRock,” Seyffart explained. Globally recognized investment asset management firm BlackRock filed for a spot BTC ETF over a week ago with plans to use the Coinbase Custody platform and the American crypto exchange spot market data for pricing.  Recommended ...

On June 15, the Seychelles-based crypto exchange OKX entered the Middle East after the Dubai Virtual Assets Regulatory Authority (VARA) granted its Minimal Viable Product (MVP) preparatory license . The exchange has also expand ed services to Hong Kong, allowing users to access cryptocurrencies and third-party payment providers such as Apple Pay, Visa, and Mastercard. OKX is preparing to expand the local team in Dubai to 30 people; OKX states that Dubai's advantage lies in creating a separate license for crypto assets in addition to traditional assets such as stocks, futures and bonds, rather than treating cryptocurrencies as commodities or… — Wu Blockchain (@WuBlockchain) June 26, 2023 Moreover, a recent report shows that the Seychelles-based crypto firm is trying to expand its Dubai team to 30 members — currently 15 — amid a current market uptrend. OKX chief commercial officer (CCO) Lennix Lai says the crypto exchange could be fully operational “within this year,” tha...

Jun 25, 2023 at 09:17 // Price Author Coin Idol Cryptocurrency analysts of Coinidol.com report, Solana's (SOL) upside correction is encountering resistance at the $17 high or the 21-day SMA limit. Solana price long-term forecast: bearish Buyers have been retesting and attempting to break the recent high over the past four days. The current high is in an overbought area, making it difficult for buyers to enter. At the time of writing, the altcoin is worth $17.23. The bulls have broken the 21-day line SMA again as it continues to rise. The curren...

Ripple Labs faces skepticism about alleged plans to repurchase 10 billion XRP. XRP lawyers doubt Ripple’s ability to acquire $5B for the reported buyback. Ripple already holds 50 billion XRP in escrow, making the source repurchase illogical. Recently, a website claimed that Ripple Labs, the blockchain firm associated with XRP, plans to repurchase a staggering 10 billion XRP tokens from its circulating supply. However, prominent lawyers in the crypto community have expressed skepticism over the feasibility of such an endeavor, raising crucial questions regarding Ripple’s ability to acquire the necessary $5 billion to execute the reported buyback. The skepticism was first voiced by prominent pro-XRP lawyer John Deaton, who tweeted: “I don’t believe Ripple is buying back 10B XRP until I hear it from Ripple.” Deaton’s skepticism found support from another XRP lawyer, Bill Morgan, who delved deeper into the financial implications of such a buyback. Mo...

Join Our Telegram channel to stay up to date on breaking news coverage TrueUSD, the stablecoin, faces mounting bearish sentiments as a trader enters a substantial $4 million short position in response to suspending minting and redemptions. TrueUSD’s value is declining due to investor pessimism. The halt in minting and redemptions has amplified concerns about TrueUSD’s stability, strengthening the bearish sentiment. Ethereum User Borrows 4 Million TrueUSD in Short-Selling Move on Aave Ethereum users use Aave’s v2 lending platform to borrow 7.5 million USDC. Due to TrustToken’s temporary suspension of TrueUSD (TUSD) minting and redemptions, a trader saw an opportunity and shorted the token. Basically, they’re betting the TrueUSD value will drop during this time. Data from the Ethereum blockchain shows a user of the Aave v2 lending platform deposited 7.5 million USD Coin (USDC) as collateral. The user then borrowed the equivalent of 8.4 million Tru...

Santiment noted that ETH’s supply on exchanges is in decline. The intelligence firm also revealed that average transaction fees for ETH are at March 2023 levels. Technical indicators suggested that ETH’s price would continue to rise in the next 24-48 hours. In their latest tweet, the market intelligence platform Santiment revealed that Ethereum (ETH) was witnessing a decline in supply on exchanges despite failing to sustain its value at $1,900. Moreover, the average transaction fees have returned to levels observed in March of this year, right before the altcoin leader’s price surge to $2,100. ETH supply on exchanges (Source: Santiment) This combination of factors suggests a potential shift in the market dynamics for the altcoin leader. While ETH’s price stability remains uncertain, the reduced supply on exchanges and the fee normalization may indicate increased confidence and activity within the Ethereum network. In related news, CoinMarketCap indicat...

Pepecoin (PEPE) is one meme coin that once delighted the crypto market, especially investors who jumped in early. It made some investors overnight millionaires and gave the wealthy even bigger bags. Such was the case of a British billionaire who invested heavily in PEPE and came out with millions. But the tide has changed, and recent PEPE PR ice performance has been below expectations. Uncertain of how this will pan out, this British billionaire is now backing a new meme coin for even bigger returns. We’re talking about the $ANA token, the hottest meme coin in the cryptoverse right now. And in this article, we will delve into the details of this fantastic token and its use cases. Want to know what our billionaire investor sees in ANA and why they’re backing it? Keep reading to find out. BUY $ANA NOW Pepecoin Weak in the Knees? Investors have witnessed firsthand the rise and fall of Pepecoin (PEPE), and now they understand better that there are important facto...