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San Franscisco-payments firm Ripple is working with the National Bank of Georgia (NBG) to digitize the local economy. Acting governor Natia Turnava and Varlam Ebanoidze, head of the NBG’s tech development department, recently met with Ripple executive James Wallis to enhance financial technology cooperation, according to a LinkedIn post from June 8. “Acting Governor of the National Bank of...
Coinbase, the largest crypto exchange in the US, says there’s a need to accurately measure the true adoption of blockchains beyond what already exists. In a new blog post, Coinbase says that as more applications launch, tracking the adoption of blockchain ecosystems becomes difficult as traditional metrics like total transactions or daily active addresses become distorted due to spam and Sybil...
Real Vision analyst Jamie Coutts is warning that the altcoin market is in a bearish trend after a strong six-month long run. The former Bloomberg analyst tells his 18,400 followers on the social media platform X that most alts are now being outperformed by Bitcoin (BTC). “A quick update on the altcoin malaise. Most crypto funds are overweight alts and not having as much fun as they would like,...
SocialFi application protocol Friend.tech (FRIEND) says it’s leaving Coinbase’s Base chain to develop its own network. In a new thread, the team behind the social finance platform says that it will be partnering up with Conduit, a firm that provides Ethereum (ETH) rollups, to work on Friendchain, its very own blockchain that will utilize FRIEND as its gas token. “We’re pleased to be working with...
Digital assets manager CoinShares says institutions poured two billion dollars into crypto products last week alone. In its latest Digital Asset Fund Flows report, CoinShares says digital asset investment products reached $2 billion last week, equaling the totals from the four weeks prior. “Digital asset investment products saw inflows totaling US $2bn, bringing this recent five-week run of...
The biggest memecoin on the Base blockchain is working its way through the ranks, flipping Dogecoin (DOGE) rival BONK in terms of market cap early on Monday. BRETT, a memecoin meant to accompany the frog-themed altcoin Pepe, is up 426% in the last 30 days at time of writing, trading at $0.18. Pepe was originally inspired by the character in the Boys Club comic series created by Matt Furie. Also...
The world’s largest crypto exchange has reached a new milestone despite facing legal and regulatory battles. In a post on social media platform X, Binance thanks members of its community for helping the crypto exchange achieve a global user base of over 200 million.  “Today, we celebrate 200 million – and it’s all because of YOU! Your support is the heartbeat of our journey to one billion users...
Blockchain tracking firm Lookonchain says that whales – possibly institutional investors – are accumulating a decentralized exchange (DEX) altcoin. According to Lookonchain, fresh wallets have been accumulating the native token of GMX (GMX), a DEX that operates on the Arbitrum (ARB) and Avalanche (AVAX) blockchains offering spot and leveraged trading. The firm says the entity has already...
The chief executive of crypto exchange Abra believes that Bitcoin (BTC) is the antidote to hundreds of years of monetary debasement. In a new Kitco News interview, Bill Barhydt says that history’s greatest powers built their empires with sound monetary policy. But the Abra CEO says world powers eventually betray the trust of its people by resorting to currency devaluation. “After World War II,...
Economist Henrik Zeberg says that the altcoin market is setting up for a parabolic run to new highs before the global economy witnesses a recession. Zeberg tells his 143,000 followers on the social media platform X that he’s looking at the TOTAL-ETH-BTC chart, which measures the entire market cap of crypto assets besides Bitcoin (BTC) and Ethereum (ETH). Zeberg sees TOTAL-ETH-BTC skyrocketing...