Arbitrum follows in the footsteps of Optimism, a rival layer 2 scaling solution that issued an airdrop last April. The market capitalization of the Optimism token (OP) is $792 million with a market cap to TVL ratio of 0.84, according to DefiLlama. As Arbitrum has more than double the amount of capital locked on its blockchain, the token can be expected to have a market cap of around $2 billion using the same ratio. Source
Bitcoin (BTC) accounts for more of the total value of cryptocurrency than at any time since June 2022. The latest data from TradingView shows that Bitcoin market cap dominance is nearing 46% — its highest in nine months. New dominance “spike” hints at trend change to come The latest knock-on effect from this week’s surge above $26,000, Bitcoin’s share of the combined cryptocurrency market cap is currently at 45.7%. Up almost 3% since the weekend alone, Bitcoin dominance shows a trend-setting move by the largest cryptoasset reminiscent of classic bull…
Bitcoin retained its position near $25,000 on March 16 as it attempted to break toward the week’s highs, despite a surging U.S. dollar combined with banking crisis contagion. BTC reacts to US PPI Data from CoinMarketCap showed BTC/USD recovering from a 24-hour drop to reach a high of $25,001 on March 16. BTC price movement in the last 24 hours | Source: CoinMarketCap The pair responded well to the latest United States Producer Price Index (PPI) data, which was much lower than expected. Before the release of the data, bitcoin’s…
Credit Suisse has experienced a loss of confidence in the financial institution’s health following a significant drop in its shares’ value this week. Over the past five days, Credit Suisse shares have fallen 24.34% against the U.S. dollar, eroding trust amid fears about the global banking system. On Wednesday at around 9 p.m. (ET), Credit Suisse announced that it was strengthening its liquidity by borrowing 50 billion Swiss francs ($54 billion) from the Swiss National Bank (SNB). As concerns about the world’s banking system continue to spread, bailout measures are…
In this week’s episode of Market Talks, Cointelegraph welcomes Justin Kramer, CEO of Badgerland Home Crypto Mining and a long-time cryptocurrency investor. When he is not attending to his own mining rigs, Kramer provides consultation services to home-based operations and larger startups on how to set up mining farms. We start things off with miner prices and how they have changed in the last few months. Have the prices gone up or down, and what kind of impact does Bitcoin (BTC) have on prices? Which miners are the most in-demand right now,…
The Reserve Bank of India (RBI) and Central Bank of the United Arab Emirates (UAE) announced on March 15 that they had signed a memorandum of understanding on collaboration and innovation in financial services. The parties will particularly concentrate on central bank digital currency (CBDC) interoperability and will develop a proof-of-concept and pilot program for a CBDC bridge to facilitate remittances and trade. Such a bridge would reduce costs and increase efficiency of transactions, they noted, and strengthen economic ties. Indian and UAE banking officials held talks in February on…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Sur les réseaux sociaux, l’opposition entre partisans des cryptoactifs et tenants de l’or prend parfois la forme d’un conflit de … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
After much thought, the ECB has increased interest rates by 50 basis points to stem sustainably high inflation. The European Central Bank (ECB) recently hiked interest rates by another half a percentage point following today’s Frankfurt meeting. The ECB’s latest rate hike comes amid financial woes in the US and European banking sectors, with stocks taking a hammering. However, the Eurosystem’s banking arm deemed the increase necessary in a press release earlier today. The publication on monetary policy decisions read: “Inflation is projected to remain too high for too long. Therefore, the Governing Council…
Copper’s Clear Loop custody and settlement business made more economic sense going forward, a spokesman for the company told CoinDesk. Source
“These are ethical concerns that, as a society, we’re really confronted with for the first time,” said trademark and copyright lawyer Jessica Neer McDonald. Source