Euro Coin was introduced in June on the Ethereum blockchain and is backed by a mixture of cash and European government debt. Adoption of the coin has been slow since, with a market cap of just $80 million. USDC, in contrast, has a market cap of $42 billion. The largest stablecoin, Tether’s USDT, has a market cap of $69 billion. Source AddCircleCoinEuroIssuerSolanaSupportUSDC CryptoX Portal
After Google Cloud announced that it would offer a product called the “Blockchain Node Engine” and further noted that Ethereum would be the first blockchain supported, the company revealed it was running a Solana validator on Nov. 5, 2022. Google said that the cloud division is currently working with Solana in order to bring the firm’s Blockchain Node Engine to the Solana chain. Google Is Operating a Block-Producing Solana Validator, Firm’s Cloud Division Aims to Add Solana to Blockchain Node Engine’s Supported Blockchains in 2023 Google is stepping toward other…
Support for Ripple Labs in its fight against the U.S. Securities and Exchange Commission (SEC) over xrp has grown, with 12 amicus briefs filed. “It’s unprecedented,” Ripple CEO Brad Garlinghouse said, adding that each brief explains in its own unique way “the irreparable harm the SEC will do to every facet of the U.S. crypto economy if it gets its way.” 12 Amicus Briefs Filed in Support of Ripple A growing number of amicus briefs have been filed in support of Ripple Labs as the company continues to fight the…
DOGE’s price fails to rally high as the price continues to stall in its price movement despite the market looking green across boards. DOGE’s price continues to trend above key support as the price tries to build more strength to overcome this area of resistance that has held the price from rallying. DOGE’s price remains strong on the daily timeframes as the price trades below the 50 and 200 Exponential Moving Averages (EMA). The price of Dogecoin (DOGE) showed some good price action to the upside as the price has…
In the past year, Polygon (MATIC) has focused on growing their list of high-profile partners which includes luminaries like Disney, Starbucks and Robinhood. The recent announcements of partnerships with both Instagram and JPMorgan have speculators pushing the token price up nearly 200%. In addition to partnerships, blockchain adoption through network usage is important to analyze. Blockchain adoption can be analyzed by looking into daily active users of the blockchain, protocols using the technology, number of transactions and total locked value. Total value locked on Polygon rises above $1B Total value…
Singapore-based digital asset exchange Crypto.com is adding support for another low-cap decentralized finance (DeFi) altcoin. The exchange’s customers can now trade the native token of Ribbon Finance (RBN), a suite of DeFi protocols that aims to help users access crypto-structured products. RBN is trading at $0.34 at time of writing. The 179th-ranked crypto asset by market cap is down more than 3.5% in the past 24 hours and more than 9% in the past seven days. It’s also more than 93% down from its all-time high of $5.54, which it…
After breaking out from its long-range channel movement, DOGE’s price shows much strength but has struggled recently. DOGE suffers more sell-off as price loses steam to rally higher, falling to its key support for bulls to push price up. DOGE’s price remains strong on the daily timeframes as the price trades above the 50 and 200 Exponential Moving Averages (EMA). Dogecoin (DOGE) price recently showed some great price action as the price rallied to a high of $0.15, gaining over 150% within 7 days. Still, the price has failed to…
Fintech firm Ripple is garnering more support from the crypto and finance industry in its ongoing battle with the United States Securities and Exchange Commission (SEC). On Nov. 4, Ripple chief executive Brad Garlinghouse proudly tweeted that the number of companies, developers, exchanges, associations, and investors officially supporting the firm has reached 12. The pile of amicus briefs being filed is mounting up according to Ripple Labs general counsel Stuart Alderoty. An amicus brief is a legal document filed in appeals cases to aid the court by providing extra relevant…
Bitcoin (BTC) has been lingering above $20,000 for the past nine days, but worsening conditions from traditional markets are causing traders to doubt if the support will hold. On Nov. 3, the Bank of England raised interest rates by 75 basis points to 3%, its largest single hike since 1989. The risks of a prolonged recession also increased as the Monetary Policy Committee struggled to contain inflationary pressure. The U.K. monetary authority noted that its most recent growth and inflation projections present a “very challenging” outlook for the economy. The…
XRP’s price slowed down after showing so much strength as it rallied to a high of $0.55. XRP could suffer retracement as the price site on a crucial support area, holding the price off from sellers with hopes of a rebound. XRP’s price remains strong on the daily timeframes as the price trades above the 50 Exponential Moving Average (EMA). The price of Ripple (XRP) showed some incredible price action as the price rallied from a low of $0.3 to a high of $0.55 after the announcement broke out about…