Crypto News
8% of Ethereum Supply Now Sitting in ETFs or Company Reserves
The percentage of ETH held by ETFs and corporate reserves has risen from just 3% at the beginning of April.Source link
ALGO Price Fights Back to $0.25 Despite Tether USDT Withdrawal Announcement
Algorand (ALGO) trades at $0.25 after recovering from Tether's USDT cessation news, showing resilience with technical indicators suggesting potential upside momentum. (Read More)Source link
Stripe Building Payments Blockchain ‘Tempo’ With Paradigm: Fortune
Stripe is building a new blockchain dubbed Tempo with crypto venture firm Paradigm, according to a now-removed job posting dated Aug. 3 on the Blockchain Association website.The role sought a product marketer with Fortune 500 experience, signaling an enterprise push, according to Fortune.The move coincides with the development of other stablecoin-focused blockchains. These include Plasma, which drew over $373 million in an oversubscribed token sale, and Tether-focused blockchain Stable.Interest in the $270 billion stablecoin sector has been growing exponentially. Trump’s recent signing of the GENIUS Act into law has helped boost the sector, as it established a regulatory framework for the sector in the U.S.Tempo is described as a “high-performance, payments-focused” layer 1 that will run code compatible with Ethereum....
SHIB Price Faces Critical Test at $0.00001400 Resistance as Bears Take Control
Shiba Inu encounters strong resistance at $0.00001400, declining 4.42% in 24h amid bearish sentiment and weakening technical indicators across SHIB/USDT trading pair. (Read More)Source link
Stablecoins Dominate Digital Asset Transactions in Sub-Saharan Africa, Surpassing Bitcoin
A study revealed that stablecoins represented 43% of cryptocurrency transactions in Sub-Saharan Africa in 2024, significantly outpacing bitcoin’s 18.1% share. Transaction Growth and Nigerian Dominance According to a study, stablecoins accounted for 43% of cryptocurrency transactions in Sub-Saharan Africa (SSA) in 2024, more than double that of bitcoin (18.1%). Nigeria and South Africa lead theSource link