The value of the stablecoin Pax Dollar (USDP), issued by the Paxos Trust Company, experienced a surge to a high of $1.28, triggering the liquidation of $529,000 in USDC for a market participant. Like regular stablecoins, USDP is designed to…
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Cardano Outperforms in Whale Activity — What This Means for ADA Price
Cardano price: The Bitcoin price correction below the $62000 level on Monday accelerated the supply pressure in most of the major cryptocurrencies including Cardano. The ADA price showcased a downswing from $0.52 to $0.44 registering a weekly loss of 14.45%. The altcoin currently hovering above the combined support of 61.8% Fibonacci retracement level and $0.445 The post Cardano Outperforms in Whale Activity — What This Means for ADA Price appeared first on CoinGape .
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Stripe Expands Crypto Presence With Avalanche Integration
Financial service company Stripe has inked a strategic partnership with blockchain network Avalanche, as it pursues crypto presence expansion. Accessing Avalanche Through Stripe Avalanche took to X to announce the significant integration with Stripe, citing that users of the popular financial platform can now purchase AVAX directly. Noteworthy, these customers do not require the complex The post Stripe Expands Crypto Presence With Avalanche Integration appeared first on CoinGape .
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Breaking: SEC, Gary Gensler Considered Ethereum As Security – Court
A new report suggests SEC Chairman Gary Gensler believes Ethereum (ETH) was a security for the last 12 months. An April 29 Fox Business report states that Gensler believed for at least a year that Ethereum was an unregistered security. This is in contrast to the previous positions of the Securities and Exchange Commission (SEC) The post Breaking: SEC, Gary Gensler Considered Ethereum As Security – Court appeared first on CoinGape .
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Just In: FTX, Voyager Secure $450M Settlement in Bankruptcy
FTX and Voyager Digital have secured a $450 million settlement. The agreement, sanctioned by Judge John Dorsey of the United States Bankruptcy Court for the District of Delaware, aims to settle all claims between the two firms. This settlement is part of Voyager’s ongoing efforts to repay creditors following its bankruptcy filing in July 2022. The post Just In: FTX, Voyager Secure $450M Settlement in Bankruptcy appeared first on CoinGape .
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Lawmakers Urge Biden Admin for Heightened Crypto Oversight
US lawmakers are urging the Biden government to keep crypto oversight as a priority since countries at present are using it for sanction evasion. According to a Reuters report, to find out what further powers could be required to stop sanctioned entities in Russia and other countries from using digital assets like the stablecoin Tether, The post Lawmakers Urge Biden Admin for Heightened Crypto Oversight appeared first on CoinGape .
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BlockDAG Presale Leads the Charge in Crypto Innovation With $21.4M Raise, Surpassing 5th Scape and Dogeverse Developments
BlockDAG, a pioneering cryptocurrency presale, has successfully amassed $21.4 million, distinguishing itself with a strategic vesting period and a robust $100 million liquidity plan. This article explores BlockDAG‘s exceptional presale performance in comparison to 5th Scape’s integration of virtual reality in gaming and Dogeverse’s multi-chain advancements, underscoring its leading position in the crypto market with The post BlockDAG Presale Leads the Charge in Crypto Innovation With $21.4M Raise, Surpassing 5th Scape and Dogeverse Developments appeared first on Live Bitcoin News .
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Bitcoin Dominance: Traders Preferring The OG To Dogecoin & Other Altcoins
On-chain data suggests Bitcoin has recently experienced an influx of investors while Dogecoin, Cardano, and other altcoins have seen a slowdown. Bitcoin Total Amount Of Holders Rise While Altcoins See Flat Movement According to data from the on-chain analytics firm Santiment, the number of Bitcoin investors has sharply increased recently. The on-chain metric of interest here is the “Total Amount of Holders,” which keeps track of the total number of addresses on a given network carrying some non-zero balance. When the value of this indicator goes up for any asset, it can be due to several things. The first and most obvious contributor to this trend would be adoption, as a fresh influx of users would naturally create more addresses. Related Reading: This Bitcoin Metric Foreshadowed Recent Price Drops, Quant Reveals Another contributor could be old investors returning to reinvest in the coin after selling out their balance earlier. The indicator would also increase when investors spread out their holdings among multiple wallets for reasons like privacy. In general, some net adoption occurs whenever the Total Amount of Holders goes up. Historically, adoption has been a constructive sign for any blockchain in the long term. Naturally, when this metric’s value goes down, it implies that some investors have decided to exit from the cryptocurrency as they have completely cleaned out their wallets. Now, here is a chart that shows the trend in the Total Amount of Holders for some of the top assets in the sector: Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Cardano (ADA), Dogecoin (DOGE), and Chainlink (LINK). How the number of investors has changed for some of the top cryptos | Source: Santiment on X As displayed in the graph, Dogecoin started 2024 with some rapid adoption as its Total Amount of Holders had been observing a sharp uptrend. However, this growth only lasted for the first couple of months, as the metric has since flattened for the memecoin. Other altcoins like Chainlink and Cardano have also witnessed flat action in the metric in this period. The trend had been just the opposite for Bitcoin, where more or less flat movement had occurred in its number of investors earlier in the year, but the asset has seen some uptrend in the metric this month. It’s possible that investors were previously attracted to Dogecoin and other networks, but now that markets have been undergoing bearish price action, traders are back to preferring the original cryptocurrency. Overall, DOGE’s holders are still up 13.8% in the past three months, while BTC’s growth stands at 2.6%. Naturally, the latter’s userbase is also larger, so a relatively small percentage could be due to that. Related Reading: XRP Whales Are Active: Here’s Where They Are Sending Coins Cardano is among the few networks in the sector that have observed negative action in the Total Amount of Holders during this window, although the decrease is a mere 0.1%. BTC Price Bitcoin has been struggling to make any recovery run count recently, as its price is back at $63,000 after the latest failed attempt. Looks like the price of the coin has been heading down recently | Source: BTCUSD on TradingView Featured image from Kanchanara on Unsplash.com, Santiment.net, chart from TradingView.com
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Pepe Coin Price Forecast: Will Extreme Volatility Signal Major Sell-Off?
Pepe coin price forecast: Pepe, a cryptocurrency inspired by internet memes, has experienced a significant decrease in its market value. Currently, the Pepe price is at $0.00000704. This represents a drop of over 4.92% over the past 24 hours. The dip in Pepe’s price is part of a larger downward trend affecting the meme coin The post Pepe Coin Price Forecast: Will Extreme Volatility Signal Major Sell-Off? appeared first on CoinGape .
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