Author: Coin Analyst

In what should be an important development for the stablecoin, Circle has expanded access to its USDC offering in both Brazil and Mexico. Indeed, the token is using local payment systems to grow the potential user base for the cryptocurrency. This should push increased adoption for the second-largest stablecoin by market cap. The company announced the availability of USDC through local currency in both countries. Additionally, they have stated the move is a key part of its “mission to harness the power of blockchain networks to eliminate deeply embedded friction from value-exchange.” Source: Pixabay Also Read: Solana Drives Circle’s USDC…

After being publicly condemned by governments worldwide, Bitcoin (BTC) emerged as a popular asset. Several nations have developed a new interest in the cryptocurrency sector. While countries like El Salvador have been going all in, a few others, like India, have been taking it fairly slower. Amidst this, a small country with a GDP of not more than $3 billion was seen holding a substantial amount of Bitcoin. Also Read: Singapore’s DBS Bank To Roll Out Bitcoin, Ethereum Options Trading Bhutan’s Bitcoin Holdings And Comparison With El Salvador Bhutan’s Staggering Crypto Holdings According to a recent report by Arkham Intelligence,…

In response to a recent poll on X (formerly Twitter), Cardano founder Charles Hoskinson says the recent ADA upgrades will make the network faster than Solana. Indeed, the latter is known as the fastest blockchain network available. Yet, Hoskinson expects that to change after recent developments. The poll incited community debate on the budget for two different proposals. In Hoskinson’s response, he shared his expectations for Cardano and its most recent upgrade. Specifically, he noted that there is a clear focus for the platform to compete with some of the industry’s most prominent names. Source: Securities.io Also Read: Cardano vs.…

GTA 5 celebrates its 11th anniversary on Tuesday. The game was released on September 17, 2013, and in two days, Rockstar Games made $1 billion in revenue, breaking all gaming records. The Grand Theft Auto franchise has the biggest fan base worldwide, cutting through all age groups. It is the most celebrated and cherished game, with fans willing to spend any amount of money to get their hands on it. Also Read: Shiba Inu: Will SHIB Be Accepted On Elon Musk’s X? Now that 11 years have passed and GTA 6 is in the pipeline, how much money have Rockstar…

Amid the launch of his new cryptocurrency project, World Liberty Financial, Donald Trump promises to protect crypto startups and address much-needed changes to the US Securities and Exchange Commission (SEC) if he wins reelection in November. Indeed, the 45th President of the United States noted that new crypto firms will be the first to benefit from his return to the Oval Office. Moreover, Trump didn’t mince words on SEC Chair Gary Gensler. Specifically, he targeted the agency’s increased enforcement action against the sector. In previous interviews, he noted that replacing Gensler would be a priority for his new administration. That…

On Monday, BlackRock’s Bitcoin ETF, IBIT, posted its first net inflows in two weeks, according to data from Farside Investors. The iShares Bitcoin Trust (IBIT), the largest of the bitcoin ETFs by assets under management, drew $15.8 million of new money yesterday. The exchange-traded fund ended a streak of 13 days of flat or negative inflows. IBIT’s net outflows summed to $23.1 million over the last two weeks. $15.8 million of that was accumulated on Monday alone. This is incredibly minute compared to the more than $20 billion in assets under management at the fund. As Bitcoin struggled in price…

The US dollar is currently standing at a precarious threshold. The currency is constantly being dubbed volatile, with its foes hammering USD from all sides and frontiers. As the multi-polar currency agenda takes over the world, the US dollar’s positioning is being heavily questioned. However, it might not all be bad, as new analysis shows how a weak US dollar might be good for US stocks in the long run. Also Read: Bitcoin & Gold Emerge As Top Assets Of 2024: Will The Rally Continue? US Dollar and US Stocks: The Invisible Connection Source: Mint Per a recent post uploaded…

Former President Donald Trump has been in the news lately for many reasons. While the country preps for the upcoming elections, Trump was seen surviving a second assassination attempt. Amidst this, Trump and his family doubled their interest in cryptocurrency and rolled out the World Liberty Financial project. More recently, the team behind the project revealed pertinent information. Also Read: Shiba Inu: Will SHIB Be Accepted On Elon Musk’s X? Key Aspects of the World Liberty Financial WLFI Token The one that stands out for industry members is that Trump’s project would employ the Ethereum blockchain. The network will, through…

The US Dollar seems to be struggling with other currencies as market participants focus on the Federal Reserve’s policy meeting today and tomorrow. The US Dollar index (DXY) fell to 100.697. Traders fear volatility in the currency market as experts weigh in on a 50-basis-point rate cut instead of a 25-basis-point cut. USD fell to a nine-month low against the Japanese yen last Friday after reports of a 50-basis-point rate cut took hold of the market. Also Read: Bitcoin Boom or Bust? Fed Rate Decision Could Change Everything! Will The US Dollar Gain On Other Currencies? Source: Shutterstock Market Participants’…

Gold prices are hitting new highs in 2024 and are among the most sought-after investments in the commodity markets. The XAU/USD index touched $2,575 on Tuesday and is gearing up to breach the $2,600 mark. The precious metal is bullish, and retail investors, institutional funds, and central banks have made massive profits this year. It is up close to 25% year-to-date, with no signs of slowing down anytime soon. Also Read: Barclays Predict What’ll Happen to the US Dollar After the Fed Meeting Ahead of the Fed meeting on Tuesday and Wednesday, leading investment bank Goldman Sachs has turned bullish…