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Altcoin Daily sees potential for 10x Ethereum growth
The Altcoin Daily YouTube channel with 1.3 million subscribers shared a video about the prospects for Ethereum, which the publication’s analysts see as quite rosy, despite weeks of a bearish trend. One of the main factors that speak in favor of the growth of Ethereum, ...
Solana overtakes Polygon in market capitalization
Polygon (MATIC) dropped out of the top 10 cryptocurrencies by market cap, according to CoinMarketCap. Now its place is taken by Solana (SOL). Over the past 24 hours, the MATIC cryptocurrency has sank in price by more than 3%, while SOL has added about 1%. The dynamics ...
Santiment named two undervalued altcoins
Analyst firm Santiment has published a report that altcoins Decentraland ($MANA) and The Sandbox ($SAND) could rise in price significantly. According to analysts, at the moment the cost of $MANA is 60% lower than the fair price. In the case of $SAND, the discount is le ...
Digital Yuan Platform Starts Supporting Smart Contracts
The platform of the Chinese state-owned cryptocurrency has been updated. An important innovation was the support for smart contracts, which provide several new uses for the digital yuan. One of the first support for smart contracts was added to the application for buyi ...
Bitget has increased its share in the crypto derivatives market several times
Bitget is one of the top three platforms in terms of crypto derivatives trading volume, despite poor market sentiment following the FTX bankruptcy in 2022. Last year was one of the toughest in the crypto industry due to the collapse of FTX and other major projects, as ...
Bank of America Analysts: “Central Bank Digital Currencies Are the Evolution of Money”
Bank of America experts believe that digital currencies of central banks will be able to radically change the international financial system and become the most important technological achievement in the history of money.. Central Bank Digital Currencies (CBDCs) and St ...
Binance Burned $575M BNB in Q4 2022
The largest cryptocurrency exchange Binance held another quarterly burning of BNB coins. 2.06 million BNB worth over $575 million was destroyed. Recall that the BNB token was launched in 2017 on Ethereum. After the launch of Binance Smart Chain, the tokens were transferred to this network. Initia ...
Electric Capital: The number of developers of cryptocurrency projects continues to grow
A study by Electric Capital showed that despite the fall of the cryptocurrency market, the industry continues to attract new developers. Electric Capital analysts analyzed 250 million code additions on the GitHub portal. It turned out that over the past 12 months, the ...
The Central Bank of the Philippines will explore the possibilities of a wholesale government digital currency
The Central Bank of the Philippines (BSP) said it will focus on exploring digital currency for fast and cheap transactions between financial institutions. BSP Governor Felipe Medalla said that the central bank is interested in launching a state stablecoin for interbank ...
Bitget Launches Spot Market Copy Trading
Bitget is upgrading its flagship product and launching copy trading on the spot market in addition to the crypto futures market. Crypto derivatives exchange Bitget became one of the first platforms to offer copy trading functionality in the spot market.. Copy trading was first launched on the platf ...