According to the second annual Global Survey on Crypto and Web3 by Consensys, emerging markets are spearheading global cryptocurrency adoption.
The report reveals that countries like Nigeria, South Africa, and the Philippines are driving significant growth in awareness, ownership, and participation in crypto-related activities.
Emerging Markets at The Forefront
The survey shows that 93% of people globally are aware of cryptocurrencies, with 51% claiming to understand them. Ownership levels st
New Slashing Mechanism in ELIP-002 Enhances Accountability Across EigenLayer Ecosystem
Leading Ethereum’s re-staking protocol, EigenLayer has unveiled its second EigenLayer Improvement Proposal (ELIP-002).
The latest move is expected to be a significant step towards accountability and operational efficiency in its ecosystem.
EigenLayer Releases ELIP-002
According to the official post, the proposal introduces a penalty mechanism, known as slashing, alongside two innovative concepts: Unique Stake and Operator Sets. Together, these features empower Application Verification Service
Ronin’s DeFi TVL Grows 149% YoY, Boosted By RON Token’s 30% Price Rise
Ronin, the Layer 1 blockchain developed by Sky Mavis, experienced a significant 149% year-over-year increase in DeFi TVL, reaching $147 million in Q3 2024.
There are several factors influencing this growth. One of the major catalysts was, however, the price surge of the RON token.
Ronin’s DeFi, NFT Demand Grows
According to Messari’s latest report, Ronin’s DeFi TVL rose from $59 million in Q3 2023 to $147 million in Q3 2024. The figure was boosted by a 30% increase in the RON token price and
Bitcoin, Ethereum ETF Streak Continues With Massive Net Inflows: Weekly Recap
US investors continued to pour money into the spot Bitcoin ETFs after Donald Trump’s victory in the presidential elections, and the streak extended into the past five trading days.
The Ethereum counterparts have also enjoyed the momentum by attracting almost a billion dollars within the past week.
BTC ETFs Keep the Momentum Going
The initial 11 and now 12 spot Bitcoin ETFs have already broken several records in terms of massive net inflows in their first year. This is particularly true for Bl
Nano Labs Secures $36.25 Million After $5.5 Million Bitcoin Acquisition
Chinese fabless integrated circuit design company Nano Labs has announced the successful closing of a $36.25 million private placement.
The transaction, which was first disclosed in November, involved the issuance of 5,611,459 Class A ordinary shares at a purchase price of $6.46 per share. The shares were priced at $6.46 each, and the transaction was structured to include payments in US dollars, Bitcoin (BTC), and USDT (Tether).
The latest development comes just a day after the company reveale
Robinhood Recorded $119B in Crypto Notional Trading Volume This Year: Report
The cryptocurrency arm of the American financial services company Robinhood has released its end-of-the-year report for 2024, outlining its growth and expansion to new markets over the past 11 months.
Alongside the report release, Robinhood Crypto is celebrating the first anniversary of launching a digital asset trading division in Europe.
Robinhood Releases End of Year Report
According to the report, Robinhood Crypto recorded a notional trading volume of $119 billion and $38 billion in crypt
Bitcoin Stopped At $103K but These Altcoins Post Substantial Losses (Weekend Watch)
Bitcoin’s price went to a new multi-week high of just under $103,000 but was stopped there and pushed south by around a grand.
The altcoins have performed a lot worse on a 24-hour scale, resulting in a growing BTC dominance.
BTC Dominance Increases
Monday and Tuesday saw a few violent price rejections for the primary cryptocurrency, which was driven to $94,400 on a couple of occasions during those days. However, the bulls managed to prevail and propelled a few leg-ups that helped BTC recover
CFTC Sues Washington Pastor for $6M Cryptocurrency Ponzi Scheme
The Commodity Futures Trading Commission (CFTC) has filed a civil enforcement action against Francier Obando Pinillo, a pastor from Pasco, Washington, accusing him of running a fraudulent cryptocurrency Ponzi scheme worth at least $5.9 million.
The complaint names Pinillo and his associated businesses, Solanofi, Solano Partners Ltd., and Solano Capital Investments, collectively known as the Solanofi entities, as the defendants.
IcomTech Execs to Pay $5M in Restitution for Defrauding Investors With False Crypto Promises
Five individuals associated with IcomTech, a cryptocurrency Ponzi scheme that defrauded investors of $8.4 million, were ordered by a federal court to pay over $5 million in restitution and penalties.
The December 11 ruling by the United States District Court for the Central District of California also included prison sentences for three of the defendants.
Operating between 2018 and 2019, IcomTech marketed itself as a cryptocurrency platform offering daily returns of up to 2.8%. Investors were
Texas Lawmaker Files Bill to Establish Strategic Bitcoin Reserve
Republican State Representative Giovanni Capriglione has officially filed to create a strategic Bitcoin (BTC) reserve for Texas.
According to him, the bill is meant to enhance fiscal stability while solidifying the state’s leadership in digital innovation.
The Proposed Legislation
Capriglione announced the proposed Texas Strategic Bitcoin Reserve Act (H.B. No. 1598) during an X Spaces event on Thursday, where he shared the document highlighting BTC’s decentralized nature, finite supply, and p
5 Reasons Ethereum Could Outperform Bitcoin in Dec and Jan
For the past two years, Bitcoin has come roaring back from 2022’s crypto winter. It was a tough one-year correction cycle, complete with a rash of cash crunches and liquidations of some big names in blockchain.
The crash was so devastating that a few Web3 founders who broke the law even went to jail in the aftermath of that broad market correction.
But BTC – the oldest, longest, most secured Satoshi chain, steadily ratcheted support levels upward over 2023 before melting up this year.
These Network Dynamics Could Push Ether Above $5K, According to CryptoQuant
Analysts at the on-chain intelligence platform CryptoQuant have identified network dynamics that could push ether (ETH) above $5,000 in the coming weeks.
Per a weekly report, the Ethereum network is seeing renewed demand and increased network activity. Valuation metrics suggest the second-largest cryptocurrency will trade above $5,000 if supply and demand dynamics continue. The asset was worth $3,910 at press time.
ETH Sees Rising Demand
Gauging ether’s realized price, the average one at whic
Bitcoin’s price has solidified its position above the coveted $100,000 mark and even jumped above $102,000 earlier this morning.
Most altcoins are also in the red today with modest gains. XRP and BNB stand out as the biggest daily gainers.
BTC Eyes New ATH?
The start of the business week was quite painful for the primary cryptocurrency as it dumped toward $94,400 on a couple of occasions. However, it managed to bounce off after touching that support line the second time and shot up to $98,000
We Asked ChatGPT If Ripple (XRP) Can Reach $1T Market Cap This Cycle
TL:DR;
Ripple’s cross-border token became one of the best performers in the cryptocurrency market on a monthly scale at one point, but can it go even higher?
ChatGPT and Perplexity weigh in on the factors needed for its market cap to skyrocket to the $1 trillion mark.
XRP at $1T?
Recall the price developments around XRP shortly after Donald Trump won the 2024 US presidential elections. After a sluggish start, while the rest of the market was climbing, Ripple’s native token exploded in the fo
Bitcoin Price Analysis: BTC Breaks Above $100K, Is $120K Next?
Bitcoin’s price is on the verge of decisively breaking out from the $100K resistance level as investors are getting ready for a potential rally higher.
Is a new all-time high on the horizon?
Technical Analysis
By Edris Derakhshi (TradingRage)
The Daily Chart
On the daily chart, the asset has consistently been making higher highs and lows since rebounding from the $52K support level. It has also broken above several resistance levels and now sits well above the resistance of $100,000.
This Altcoin Exploded By 300% After Changpeng Zhao (CZ) Tweeted About It
A recent endorsement by former Binance CEO Changpeng Zhao (CZ) of the blockchain-driven travel platform Travala has skyrocketed its AVA token by more than 300% in the last 24 hours.
The surge also follows a series of announcements, including new market listings and milestone achievements for the company.
CZ’s Influence
On December 11, Travala reported that its annual revenues had reached $100 million, up from $59.6 million in 2023. This achievement was made possible by the growing demand for
Solana Surpasses Ethereum As Top Ecosystem for New Developers in 2024: Report
Electric Capital’s 2024 Developer Report has revealed that for the first time since 2016, Solana outpaced Ethereum as the leading blockchain ecosystem for attracting new developers.
The breakthrough highlights Solana’s rapid growth, with 7,625 new devs joining the network in the last 12 months, representing an 83% year-over-year increase.
Rise in Developer Activity
The report, released on December 12, looked at more than 902 million code commits across 1.7 million repositories, showing that S
Reveals Spanish Bank Allocates 2% to Aptos Staking ETP: Bitwise
Hunter Horsley, CEO of Bitwise, announced that a Spanish bank has allocated 2% of its holdings to the Bitwise Aptos staking ETP.
In a tweet, Horsley stated that the adoption of cryptocurrencies is accelerating as traditional financial institutions integrate more crypto-savvy investors. He noted that the investment, made through one of the bank’s funds, marks a significant step toward mainstream crypto adoption. The name of the bank has not been disclosed yet.
It hasn’t been a particularly fun week in the cryptocurrency industry as the majority of the market is trading in the red. The losses are mostly tolerable, although some altcoins definitely feel the pressure. But let’s start with Bitcoin, as always.
The primary cryptocurrency saw a week full of volatility. During the weekend, it increased above $101,000 but as soon as the week started, things weren’t going as smoothly. On Monday, the price began to fall, and at one point, it even dipped toward
Whale and Shark Activity Pushes Chainlink (LINK) Past $29 for the First Time in 37 Months
Chainlink (LINK) has recently surpassed the $29 mark for the first time in 37 months. Over the past week, the native token of the decentralized oracle network posted a 21% gain.
As a result, LINK has emerged as one of the best-performing altcoins in recent weeks.
Whale and Shark Gobble Up LINK
The surge is largely fueled by a significant increase in whale and shark accumulation, according to the latest analysis by Santiment.
Over the past two months, wallets holding 100K or more LINK have ad