Binance, Huobi, OKEx Still Top Holders of Bullish Bitcoin Even as Exchanges’ Supply Drops

Dec 9, 2020

The current circulating Bitcoin supply (2.4M BTC) held in exchange wallets has reduced from 16% at the beginning of the year to 12.9%, latest data from Glassnode shows. Along with the analysis comes its finding that Coinbase (4.9%), Binance (1.6%), Huobi (1.1%) and OKEx (1.1%) remain t...

China Poised to Issue Digital Currency First as Race Turns to “New Battlefield”

Sep 23, 2020

As the People's Bank of China (PBoC) publishes a commentary that points out that China needs to become the first nation to issue a digital currency to internationalize the yuan and reduce its dependence on the global dollar payment system, local media report that the bank's Digital Curren...

DeFi Bubble Fueled by Token Value Growth

Aug 3, 2020

Is TVL really the most valuable metric in DeFi? Compound’s COMP token recently triggered a massive yield farming effect within the DeFi ecosystem. Numerous headlines suggested the category had reached an all-time high value. According to defipulse.com, the DeFi sector has now s...

Hong Kong Crisis Heightens Stablecoins’ Use for Fleeing RMB-Denominated Assets

Jun 13, 2020

A token research team's investigation has claimed it found that the recent unprecedented movement in Hong Kong has gradually improved behavior changes regarding the use of crypto assets among Asians especially Chinese. Amun's finding suggests that USD-pegged stablecoins, in particular, have...

Stable Coins Growth Imminent, Tether May Pass Ethereum for No.2 Spot

Jun 6, 2020

Recent analyses suggest that stable coins may be in for an unprecedented usage growth starting from this year. An Harvard Business Review article hints that the U.S. Federal Reserve's announcement that it’s investigating the possibility of issuing its own digital coin is likely pushing ...

Inclusion in China’s BSN, Other Trends Tip Ethereum for Growth

Apr 17, 2020

The suggestion in the latest Blockchain Service Network (BSN) whitepaper that Ethereum - as well as EOS - will be included in China's blockchain platform could be a big win for the top smart contract platform once the Chinese initiative is fully operational. Led by the State Infor...

Tether (USDT) Surpasses $6bn in Market Cap

Apr 1, 2020

Tether, the world’s first and by far the most popular stablecoin, has just surpassed $6 billion in market capitalization. While the number might not seem high when compared to Bitcoin’s $117.75 billion and Ethereum’s $14.63 billion market cap, it’s still a huge achievement for a relatively n...

Investors Find Solace in Stablecoins as their Transfers Hit All Time High

Mar 26, 2020

The ongoing turmoil caused by the coronavirus outbreak has left markets across the globe in shambles. Nothing seemed to be immune to the panic, with both the stock market and the crypto market seeing massive sell-offs in the past three weeks. However, while stock market investors have mostly f...