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Ethereum And Solana Are Topping Developer Activity Again, But Why Are Their Prices Struggling?
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum and Solana are currently leading developer activity in the crypto space, while developer activity in the broader ecosystem declines. This comes as prices continue to struggle with the ongoing war between the U.S. and Iran, which is sparking rising oil prices. Ethereum And Solana Lead Developer Activity Amid Broad Decline Artemis data show that the Ethereum and Solana ecosystems are leading in developer activity amid declines in weekly commits and weekly active developers in crypto. In the Ethereum ecosystem, the Ethereum Virtual Machine (EVM) is seeing…
Wall Street is racing toward tokenized equities and 24/7 trading, but many institutional investors are wary of the instant settlement model.Tokenization refers to representing traditional assets such as stocks on blockchain networks. In theory, the approach could modernize market infrastructure that dates back decades, allowing securities to move and settle instantly while potentially enabling 24/7 trading.That vision has gained momentum in recent months. Both ICE, the owner of the New York Stock Exchange, and Nasdaq, have recently announced large partnerships with native crypto exchanges, aimed at bringing tokenized stocks to market.But for many institutional traders, the shift raises practical concerns…
Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the digital…
Brazil’s leading cryptocurrency and fintech industry groups have warned that expanding a financial transaction tax to stablecoin operations could harm innovation and violate existing law.In a joint statement shared with CoinDesk, industry associations ABcripto, ABFintechs, Abracam, ABToken and Zetta said recent discussions about extending a tax on financial operations (locally known as Imposto sobre Operações Financeiras, or IOF) to stablecoin transactions raise legal and economic concerns.The organizations represent more than 850 companies across Brazil’s financial technology, virtual asset and market infrastructure sectors, the statement reads.The debate centers on a levy applied to certain financial transactions, including foreign exchange operations. According…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Momentum around XRP may be entering a new phase as emerging on-chain data shows a growing activity within its broader ecosystem. Recent metrics from Flare, a network designed to bring smart contract functionality and DeFi capabilities to assets like XRP, suggest that decentralized finance participation tied to the network could be gaining traction. What The Latest Flare Metrics Reveal About XRP Activity A notable shift may be unfolding around XRP that many market participants have not yet fully recognized. An analyst known as XFinanceBull on X has…
AI developers may not be keen on crypto, but stablecoins are the secret to agentic finance, crypto insiders say
To get an idea of how big a deal AI-based commerce could be for crypto, ask entrepreneurs and developers involved in digital assets, particularly stablecoins. They’ll happily tell you blockchain-based money is the natural fit, an essential element in the mix and so forth.Their logic is simple. Over the past few years, stablecoins — mostly digital versions of the dollar on public blockchains like Ethereum — have begun eating into the global payments industry. And while they’ve proven to be faster and cheaper than traditional bank transfers, it’s in the new world of autonomous, micro-transacting AI agents that they will…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Using Bitcoin to buy groceries or pay a bill sounds simple. Under current US tax law, it is anything but. Every transaction — no matter how small — triggers a taxable event that must be reported to the IRS, forcing users to calculate capital gains on purchases as minor as a cup of coffee. That legal reality has kept Bitcoin largely in the hands of investors rather than in everyday wallets, and a Washington advocacy group says Congress has only a few months left to fix it.…
71-Year-Old Man Steals $1,130,000 From US Government, Helps Accomplices Launder Millions in Stolen Funds: DOJ
A septuagenarian is facing months in prison after admitting to stealing more than $1 million from the US government. According to the U.S. Department of Justice, 71-year-old Eric Banks has pleaded guilty to stealing a check drawn by the US Treasury Department to a New York-based business. The DOJ says Banks stole a U.S. Treasury check worth approximately $1.13 million. He then opened a bank account in the name of the New York firm the check was drawn to and deposited the check to the account. And that was just the beginning. “Banks then conducted multiple illegal money transactions designed…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Over the last week, the Bitcoin bulls have been putting up a fight to combat the consistent decline, and this has led to the price ranging around the $70,000 level. With this newfound recovery trend, things look to have taken a turn for the better as buyers are moving back into the arena. The result of this could be a clear upward target that could send the price back above 6-figures and kickstart the bull run again as a result. 3 Green Candles Says Bitcoin Bulls Are In Charge…
The origin story of one of the largest AI policy war chests in the world starts with a dog coin, a closet in Canada, and a 78-digit number.In 2021, the creators of Shiba Inu sent a massive chunk of SHIB tokens to Vitalik Buterin’s wallet without asking. The idea was simple. Put “Vitalik owns half our supply” in the marketing materials and ride the association to become the next Dogecoin. The tokens quickly ballooned in value, reaching a book value of over $1 billion.Buterin wanted out. In a post on X on Friday, he described scrambling to liquidate before the…