Topic

Economics News

A collection of 499 issues

USDC Surpasses USDT as the Leading Stablecoin in Transaction Volume According to Visa's April 2024 Data Analysis, Highlighting Its Growing Dominance in the Market

In a recent revelation by Visa, the USDC (USD Coin) stablecoin has taken the lead in transaction volumes among stablecoins, notably surpassing USDT (Tether). April 2024 saw USDC achieving a significant milestone with a transaction volume exceeding $1.69 trillion, starkly higher than its closest competitor, USDT, which recorded a

Independent Miner Strikes Gold: Solo Mining Effort Yields 3.125 BTC in a Remarkable Display of Cryptocurrency Acquisition

In the ever-evolving world of cryptocurrency, an independent miner recently made headlines by successfully mining a bitcoin block, earning an impressive reward of 3.125 BTC. This event occurred on April 28, 2024, marking a significant achievement for solo miners who operate outside the more common mining pools. The miner,

Surprising Reward: Airdrop of Meme Coins Covers the Cost of Solana's Chapter 2 Smartphone Pre-order

In an unexpected twist for tech enthusiasts, the airdrop of meme coins has covered the entire cost of the pre-order for Solana Mobile's Chapter 2 smartphone. This intriguing development was disclosed by SolanaFloor experts, who detailed the financial boon that befell those who had reserved this eagerly awaited device. The

FBI Warns U.S. Citizens About Risks Associated with Cryptocurrency Payments, Advises Avoidance of Non-KYC Compliant Services

On April 25, 2024, the Federal Bureau of Investigation (FBI) issued a critical alert to U.S. citizens regarding the use of unregistered cryptocurrency payment platforms. This announcement highlights the potential risks and legal consequences associated with engaging in transactions through services that do not comply with financial regulatory standards,

Indian Smartphone Exports to Russia Surge to Record $36 Million in February 2024

In a significant boost to bilateral trade relations, February 2024 witnessed Indian smartphones emerging as the top export commodity to Russia, with shipments reaching an unprecedented $36 million for the month. This report, citing data from India's Ministry of Commerce and Industry, highlights a monumental 12-fold increase in smartphone exports

Philippine SEC Demands Removal of Binance App from AppStore and Google Play Amid Regulatory Crackdown

In a significant move against unregulated cryptocurrency exchanges, the Securities and Exchange Commission (SEC) of the Philippines has officially requested tech giants Apple and Google to remove the Binance app from their mobile platforms. This directive is part of a broader regulatory crackdown on unauthorized crypto activities in the country.

Bitcoin Miners Revenue Hits Historic High Amid High Fees and Launch of Runes Protocol

On April 20th, 2024, the daily revenue of Bitcoin miners reached a new historic peak of $107.76 million. This significant milestone was reported by YCharts and coincided with the recent halving event in the Bitcoin network, alongside the release of the Runes protocol, which is being promoted by its

Binance Co-founder Yi He Comments on CZ's Current Situation in the U.S., Describing It as Predominantly Peaceful and Optimistic

Binance co-founder Yi He recently addressed concerns regarding the legal status of the company's former CEO, Changpeng Zhao, known as CZ, in the United States. In her statement, Yi He dispelled doubts and shed light on CZ's current demeanor and the general atmosphere surrounding his legal challenges. According to Yi

Binance to Resume Operations in India Following Registration with Financial Intelligence Unit Amid Regulatory Challenges

In a significant move within the Indian financial sector, cryptocurrency exchange Binance plans to resume its operations in India. This decision comes after the exchange agreed to comply with regulatory demands, including registration with India’s Financial Intelligence Unit (FIU) and adherence to the Prevention of Money Laundering Act (PMLA)

Puffer Finance's Liquid Staking Protocol Secures $18 Million in Series A Funding Round Led by Brevan Howard Digital and Electric Capital

In a significant development in the cryptocurrency sector, Puffer Finance, an innovative startup, has successfully closed a Series A funding round, securing $18 million. The investment round was co-led by prominent entities Brevan Howard Digital and Electric Capital. This marks a pivotal step forward for Puffer Finance as they plan