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To get a sense of just how hard it is for cryptocurrencies to gain, well, currency in everyday life, consider bitcoin, perhaps the granddaddy of cryptocurrencies — and still the 900-pound gorilla in the space, with roughly two-thirds of the market cap across the entire sector.
These initiatives also seem to complement ongoing efforts to develop CentralBank Digital Currencies (CBDCs), as both digital assets aim to modernise traditional financial systems. Operating on Ethereum and other blockchain networks, XSGD boasts a market cap exceeding $18 million. With a market cap of $4.8
Blockchain. Huge corporations — like Walmart and Pfizer — have completed successful blockchain pilots. Research Briefing: Blockchain in Review. Become an expert on what’s new and what’s next for blockchain, diving into bitcoin, ethereum, cryptocurrencies, enterprise blockchains, and a whole host of other topics.
Ireland-based electronic money institution (EMI) DECTA is joining forces with France-based fintech Next Generation to launch a new Euro-pegged stablecoin, ‘EURT’ DECTA and Next Generation explained that EURT is fully compliant with MiCA requirements and will operate on the Stellar blockchain, as well as three other platforms.
Bloomberg reports that banks in Kenya are pursuing regulatory approval to use distributed ledger technologies (DLT) to help facilitate payments and create credit scoring models. But, Kenya’s centralbank has sounded a note of caution. In a report from the bank, blockchain may hold risk if it is misused.
The Dubai Financial Services Authority (DFSA) has granted Ripple , the enterprise blockchain and crypto solution provider, approval to provide regulated crypto payments and services in the Dubai International Financial Centre (DIFC).
The report noted that as of Wednesday (July 19) there is a $10-billion difference between the market caps of bitcoin and Ethereum, and if the prices for Ether continue to increase Ether will be a real challenger to bitcoin once again. At its peak the market cap of Ethereum was $35 billion and was $3 billion away from surpassing bitcoin.
Blockchain — or rather, blockchain-focused projects — has been in the spotlight as China has been trialing financial services (FinServ) and security measures across those rails. However, blockchain is also gaining ground, and currency is offering a boost to the payments infrastructure.
Banks seem smitten by blockchain. Traditional banks, especially, and centralbanks, too. PwC writes in its “Global Blockchain Survey 2018” that responses from 600 executives across 15 territories are embracing distributed ledger technology (DLT) with enthusiasm. Seems everyone is getting into the act.
The alternative crypto inspired by a dog meme now has a $2 billion market cap, as noted by Business Insider and other sources. Separately, Bloomberg reported that the Securities and Exchange Commission halted transactions in UBI Blockchain Internet Ltd., based in Hong Kong – whose shares were up 900 percent last year.
Its resilience and forward-thinking approach have enabled the adoption of cutting-edge technologies like blockchain, artificial intelligence (AI), and quantum computing , reshaping financial services and setting new benchmarks for innovation. As 2025 approaches, this momentum continues to intensify.
The bitcoin market cap was over $18.5 The big news as of late has come out of the Philippines after the centralbank, Bangko Sentral ng Pilipinas (BSP), announced it would actively regulate the bitcoin industry as a means to combat money laundering and terrorist financing schemes. On Thursday (Feb.
The digital currency’s market cap stood at just under $30 billion with some 16.3 Additionally, the rise in value has also come at a time when a number of global institutions and policy makers have boosted investigations into blockchain technologies en masse. The total crypto-market cap has grown from $27.8
billion market cap, overall, as determined by cryptoslate.com, and where Monero dominates with $1.3 billion of that market cap. These coins operate on their blockchains. In the variant known as privacy coins, the sector is relatively small, with $2.2 As Monero goes, so might this corner of crypto-land. We just live in it.”
When bitcoin was first released, a cap was placed on how many bitcoin could ever be produced. 10.5B | Bitcoin’s estimated market cap. New research from analysts at Citi Research have concluded one thing this week that many people could have already guessed: bitcoin doesn’t pose a threat to banking.
Bank of Canada has put its toe in that digital dollar water by announcing this week that it was working with one of the largest banks in the land (of Canada) to create its own electronic version of the Canadian dollar : CAD-COIN, a blockchain-based digital fiat currency. Bitcoin hasn’t been priced this high since Feb.
The digital currency’s market cap sat at just over $25.4 On Tuesday, Dubai FinTech company OneGram announced it would offer a blockchain technology-based, gold-backed digital currency called OneGramCoin with the hopes of raising over $500 million in capital. percent from Wednesday’s close. million, OGC 2.24
As of Wednesday (July 19), there was a $10 billion difference between the market caps of Bitcoin and Ethereum, and continued price increases could see Ethereum’s value rise to challenge Bitcoin once again. At its peak price, Ethereum’s market cap swelled to $35 billion — $3 billion away from surpassing Bitcoin.
However, this may be because the company is limited on how much capital it can lend without raising bank debt, or may be a strategic decision to keep a cap on growth to avoid regulatory pushback. In March 2019, Amazon was reported to be working on a mobile payment system in partnership with Mexico’s centralbank.
While jurisdictions like Japan, Singapore, and Hong Kong are actively developing regulations, others like China and India are taking a restrictive stance, favoring centralbank digital currencies (CBDCs) over private stablecoins. Singapore leads in stablecoin adoption Singapore is a regional leader in regulated innovation.
At its core, De-Fi is characterised by its use of blockchain technology and smart contracts to facilitate financial transactions without needing intermediaries. of the total cryptocurrency market capitalization, with a total market cap of $162.36 USD Coin (USDC) is the second-largest, with a market cap of $35.58 stock exchanges.
The report reveals that 76 per cent of surveyed firms initiated AI projects since 2023, with fintech challengers like Chime, Nubank and Gusto deploying AI at rates comparable to industry giants despite smaller market caps.
Ripple’s RLUSD challenges PayPal’s PYUSD, Circle’s EURC With a self-reported market cap of more than $53 million, Ripple’s stablecoin RLUSD recently surged past rival coins from PayPal (PYUSD) and Circle (EURC) in 24-hour trading volume. PYUSD has a market cap of more than $491 million. “As the U.S.
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