Pi Network ( PI), which was once a promising opponent in the Cryptocurrency world, has recently seen a sharp decline in value below the $1 mark. The value of Pi Network has fallen by 44% in just tension days. This downfall came after various events like Binance ‘s decision to exclude Pi Network from its…
Per data aggregated from coinmarketcap.com and defillama.com, the decentralized exchange (DEX) platform Pancakeswap has eclipsed Uniswap in seven-day trading volume this week. DEX Volume Wars Analytics unveiled via a Sunday post on X by coinmarketcap.com’s social media account reveal that the DEX Pancakeswap secured the top position in this week’s trading volume figures. “With over…
In a recent essay for the Financial Times that is heating up discussions in economic circles, Berkeley professor and author of Exorbitant Privilege: The Rise and Fall of the Dollar, Barry Eichengreen argues that President Donald Trump’s policies are significantly undermining the foundations of U.S. dollar dominance and international economic relationships. Eichengreen highlights concerns over…
Cynthia Lummis suggested the US government sell gold & acquire Bitcoin slowly-2 in the next 5 years. Summary Cynthia Lummis suggested selling gold & buying Bitcoin. People called Lummis’s proposal the best approach for a budget-neutral strategy of Bitcoin acquisition. US Senator Lummis urged the passing of the Bitcoin Act as soon as possible. Cynthia…
The fed pauses rate hikes, gold hits an all-time high, XRP bulls take charge after SEC decision, and more in this Week in Review. Week in Review The Federal Reserve held rates steady and reduced its Treasury redemption cap. Gold surged to a historic $3,038 per ounce amid geopolitical tensions and uncertainty. In crypto, XRP…
Pakistan is exploring ways to manage its surplus electricity by utilizing bitcoin mining. The government is reportedly analyzing ways to convert unused energy into profits and potentially make the country a mining hub. Officials believe this will solve Pakistan’s energy problems and attract global investors. Bitcoin mining using surplus electricity was discussed at the first…
Scammers are forging arrest warrants for missed jury duty, demanding payment in bitcoin and gift cards. They use realistic court-style documents and urgent threats to exploit fear of arrest. Court Warns of Forged Arrest Warrants Tied to Bitcoin Demands Over Missed Jury Duty The U.S. District Court of the Western District of Virginia announced on…
A study by Atmos ranks the UAE as the world’s most crypto-obsessed country due mostly to its high crypto ownership and adoption rates. UAE Has Highest Crypto Ownership Rate Globally According to a study by Atmos, the United Arab Emirates (UAE) is the world’s most crypto-obsessed country, with a score of 98.4. The Middle Eastern…
A crypto market maker admitted to years of fake trading, using custom software to inflate token prices and volumes in a massive scheme to mislead investors. Wash Trading Empire Crushed: DOJ Exposes Years-Long Crypto Volume Scam The U.S. Department of Justice (DOJ) announced on March 21 that Gotbit Consulting LLC and its founder Aleksei Andriunin…
A Chinese economist, Zhang Ming, argues that U.S. dollar-pegged stablecoins, not Bitcoin or Ethereum, are strengthening the U.S. dollar’s global dominance. Dollar-Pegged Stablecoins Bolstering Dollar’s Global Role According to Zhang Ming, deputy director of the Institute of Finance and Economics at the Chinese Academy of Social Sciences, U.S. dollar-pegged stablecoins, not bitcoin ( BTC) or…
