Crypto

Standard Chartered Sees Stablecoin Turnover Double Over Two Years

Standard Chartered has reported a remarkable doubling of stablecoin turnover over the past two years. According to Geoffrey Kendrick, this surge highlights the increasing velocity of stablecoins in the market. As the demand for digital currencies grows, stablecoins are becoming a vital component of financial transactions. This trend reflects a broader acceptance of cryptocurrencies among institutional investors. Standard Chartered continues to assess the impact of this movement on the overall financial landscape. The bank remains focused on leveraging these developments to enhance its services and offerings in the digital assets space.

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Ethereum Wallet Attack Results in $800K Drain, ETH Remains Steady

Ethereum Wallet Attack Results in $800K Drain, ETH Remains Steady

Recent reports indicate that attackers managed to siphon off approximately $800,000 from inactive Ethereum wallets by gaining access to their private keys. While the breach has raised alarm within the community, the price of Ethereum remains stable despite the incident. Experts suggest that the attack highlights the vulnerabilities associated

Tether Reports $8.23B Reserve Buffer Amid Profit Growth but Faces Scrutiny

Tether Reports $8.23B Reserve Buffer Amid Profit Growth but Faces Scrutiny

Tether announced a substantial reserve buffer of $8.23 billion alongside over $1 billion in profits for the first quarter. This impressive financial cushion highlights the scale of the stablecoin's operations. However, experts continue to express concerns regarding the asset mix that underpins these reserves. The attestation model

Tokenized Gold Trading Volume Hits $90.7 Billion in Q1 2023

Tokenized Gold Trading Volume Hits $90.7 Billion in Q1 2023

CoinGecko reports that the trading volume of tokenized gold reached a remarkable $90.7 billion in the first quarter of 2023. This figure not only marks a significant increase but also surpasses the total trading volume expected for the entire year of 2025. The surge highlights growing investor interest in