Turkey tops the world in stablecoin buying share vs. GDP

State Bank of Pakistan governor Reza Baqir says the country is “waiting to burst as far as digitization is concerned.” 2966 Total views 21 Total shares The governor of the State Bank of Pakistan, Reza Baqir, has indicated that the institution is carefully studying the possibilities opened by central bank digital currencies.In an interview with…

The Google trends data for the popular search terms in 15 countries showed that “Ethereum” searches outscored "Bitcoin" in 14 of them. 42 Total views 1 Total shares The crypto market crash in April saw most cryptocurrencies lose more than 60% of their valuation from the top, leading to an overall downturn in trading activity,…

Open-source payments network Celo has announced its first round of development grant recipients.A press release shared with Cointelegraph states that Celo has awarded $700,000 in grants to 13 different companies who are looking to build on top of the network, contribute to the development of the Celo platform, or foster the Celo community.The project has…

2gether’s servers were attacked by unknown actors who managed to steal over $1.39 million from crypto-investment accounts. A European cryptocurrency trading platform called 2gether was recently targeted by an unknown group of hackers. These bad actors stole over 1.183 million Euros ($1.39M) from the service’s investment accounts in a cyberattack on July 31.Ramon Ferraz Estrada,…

Exchanges deplatforming Chinese citizens prior to the Dec. 31 deadline may have added to BTC selling pressure. 1427 Total views 29 Total shares Bitcoin (BTC) bears lost out at the last minute as 2021 came to an end — and consensus is building around China again being the reason for weakness.BTC/USD 1-hour candle chart (Bitstamp).…

A new cross-border payments acquisition and a renewed push to increase global financial inclusivity triggered a 55% rally in XRP price. 3014 Total views 15 Total shares XRP price saw a 55% breakout over the past two days as the sixth-ranked cryptocurrency by market cap has renewed its focus on the creation of a cross-border…

Despite stablecoins posting triple-digit market cap growth this year, competition from projects backed by major financial and tech corporations is on the horizon. The supply of the Coinbase-backed stablecoin USD Coin (USDC) has grown by 250% since the start of 2020, including an 80% expansion in just the past two months.After starting the year with…

Long-term price forecasts based on stock-to-flow remain “intact,” said PlanB after last month’s record red candle. 6290 Total views 4 Total shares Bitcoin (BTC) may have just had its worst monthly candle in 10 years, but it could still surge to new all-time highs this year, said popular analyst PlanB.In a tweet on Tuesday, the…