Recent data from Avenue Digital Investments indicates that the rise of euro-pegged stablecoins is challenging the dollar’s dominance in the crypto sector.

In this regard, the firm points out that euro-pegged stablecoins have just reached an all-time high with a combined market capitalization of $774.2 million. This is the “highest figure ever recorded for this segment and a sign that the stablecoin boom is beginning to extend beyond the dollar.”

Among these, EURC, the euro-denominated stablecoin issued by Circle, stands out with a market capitalization of $451 million.

Avenue Digital Investments maintains that this record has a significance that goes beyond the numbers. “The growth of stablecoins is extending beyond the US dollar, driven by the increasing demand for blockchain-native euro liquidity in payments, trading, and tokenized finance.”

These results coincide with the proliferation of cryptocurrency projects across the continent, such as “Qivalis, which seeks to consolidate alternatives to US dominance within the blockchain ecosystem.”

M.Pino

Source: iproup

(Reference image source: Roman Manshin on Unsplash)

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La entrada Euro-pegged stablecoins challenge dollar dominance apareció primero en Bitfinance.

The UK financial giant IG Group became the first broker on Tuesday to offer retail clients the buying and selling of cryptocurrencies.

The London-listed entity will offer spot trading and “expands its multi-asset platform with direct access to bitcoin, ethereum, solana, and 35 other cryptocurrencies.”

The initiative was made possible through IG Group’s partnership with the exchange Uphold, which will be responsible for the custody of assets and the execution of transactions.

After the news broke, the list of client requests began to grow. The IG Group has warned that the transactions “will not be protected by the UK’s Financial Services Compensation Scheme (FSCS), which protects up to £85,000 (approximately $115,000) in traditional products.”

M.Pino

Source: cripto247

(Reference image source: Kanchanara on Unsplash)

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La entrada United Kingdom: IG Group enables cryptocurrency trading for clients apareció primero en Bitfinance.

The Bitcoin Bull Cycle 2025, an anticipation period during which the cryptocurrency could increase in price significantly, keeps investors on the lookout for long-term profits.

On this occasion, considering different market factors, different analysts such as Crypto Dan predict a scenario similar to the bull cycles of 2013 and 2020.

For those who trade bitcoin, the Bull Cycle 2025 “promises to be a golden opportunity for investors who have maintained their focus on the long term.” Crypto Dan highlights notable similarities with the boom periods in 2013 and 2020, and identifies “a two-phase growth pattern.” Profits can reach investors before the market peaks.

In any case, for the Bitcoin 2025 Bull Cycle, factors such as the Spent Output Profit Ratio (SOPR) are analyzed, which indicates “whether long-term holders are selling at a loss or profit. Values ​​​​greater than 1 indicate sales at a profit, suggesting a robust bull market. Current SOPR data indicate a similarity with past bull cycles, strengthening the forecast of a positive cycle.”

The global interest rate and liquidity are also considered, which help define strategies for long-term investment. Traders do not focus on short-term market fluctuations, but on “continuous accumulation, based on historical analysis and market trends that point to sustained growth.”

M.Pino

Source: criptotendencias

(Reference image source: Kanchanara in Unsplash)

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La entrada Bitcoin Bull Cycle 2025 predicts strong profits for investors apareció primero en Bitfinance.

In a forceful statement, Brad Garlinghouse, CEO of Ripple, pointed out the United States as one of the least favorable places to establish a cryptocurrency company today. This statement occurred during his participation in the 2049 Token in Singapore on September 12.

Garlinghouse emphasized that, from his perspective, the United States is at the bottom of the list of favorable destinations for business creation in the crypto world. This verdict relates directly to the ongoing legal battle between Ripple and the United States Securities and Exchange Commission (SEC).

The Ripple leader advocated for the United States to take an example from nations such as Singapore, the United Kingdom, the United Arab Emirates and Switzerland, urging the implementation of policies that stimulate innovation in the field of cryptocurrencies while at the same time protecting the interests of consumers.

Garlinghouse placed responsibility on the SEC, arguing that this entity is immersed in a political contest with the sector, carrying out a series of lawsuits seeking its stricter regulation.

The Ripple CEO highlighted that this strategy has not had the desired effect, suggesting that Ripple and Grayscale’s legal victories over the SEC indicate a change of attitude in the courts in favor of the crypto industry.

“I think we’re seeing a change in trend. Before, a lot of judges used to think, ‘The SEC is always right,’ but I think we’re starting to see a change in pattern,” Garlinghouse said.

Although the Ripple and Grayscale resolutions are not binding from a legal perspective, Garlinghouse stressed that they provide greater clarity to cryptocurrency exchange platforms and custody providers operating in the United States, at least in the short term.

On the other hand, Hong Fang, president of OKX, recognized the relevance of politics in this context, but insisted that cryptocurrency-related companies must focus on what they can control.

“We can only influence what is within our power: building a quality product, focusing on technology and supporting responsible regulation,” Fang noted.

Although the United States represents a significant market for Ripple, Garlinghouse announced plans to expand its services into nations that, in his view, show a more progressive approach and understanding towards the potential benefits of blockchain technology.

K. Tovar

Source: Cointelegraph

(Referential image source: Kanchanara, Unsplash)

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La entrada United States: An inhospitable terrain for cryptocurrencies according to Ripple CEO apareció primero en Bitfinance.

The growing interest of users in the universe of cryptocurrencies and the lack of knowledge about the risks that this market presents has resulted in an increase in scams in which bitcoin investment programs are offered by email, as warned by the cybersecurity company Eset.

Criminals take advantage of the legal vacuum in this business and the general ignorance on the part of users to proceed with the massive dissemination of emails with which they intend to encourage these people to invest in non-existent funds or collect false payments.

The latter are characterized by including a message informing the user that their investment bonus is ready to be paid and that, in order to collect it, it is only necessary to register and accept payment.

Emails that are a scam

Although email services such as Outlook or Gmail are capable of filtering most of this content, others manage to sneak into the inbox and present a real and legitimate appearance, as Eset denounced in a statement.

This is one of the most abundant formats of the fraudulent system for sending emails, one more of the many tactics that cybercriminals are formalizing with the aim of getting victims to create accounts on cryptocurrency purchase and exchange platforms.

To pass them off as legitimate campaigns, hackers even include images of celebrities and alleged screenshots of covers and articles published in the media without their consent to take advantage of their popularity and attract new victims.

In this case, they can even stage a fake interview in which a person with a certain popularity talks about how his successful experience in investing in bitcoin has been.

Source: dpa

La entrada Bitcoin scams through emails continue to grow apareció primero en Bitfinance.

The price of bitcoin, the reference cryptocurrency in the markets, lost more than 3% in the session this Monday and accumulates a fall of more than 17% since last Friday. This occurred after the ‘crypto’ trading platform BitMart recognized that 150 million dollars (132 million euros) in assets had been stolen from it and suspended withdrawals.

“We have identified a large-scale security breach related to one of our active ETH wallets and one of our active BSC wallets,” BitMart confirmed. They estimate that “hackers were able to remove assets worth approximately $ 150 million.”

The platform, which is still trying to determine the possible methods used by hackers to commit the theft, has stressed that the affected wallets “have a small percentage of assets in BitMart”, adding that the rest of the platform’s wallets “are safe. and without damage “.

“We are conducting a comprehensive security review and will release updates as we progress. At this time we are temporarily suspending recalls until further notice,” he announced.

The price of bitcoin stood at $ 47,551.07 this Monday, 3.66 % below Sunday’s close and 17.2 % below the level of $ 57,482 last Friday, before the BitMart incident.

This Monday, BitMart plans to announce the compensation measures to clients after applying the security measures and the strategy to resume normal activities of the platform.

Our CEO @sheldonbitmart will conduct an AMA at 8PM EST Dec 6 on Telegram to share more info regarding the security breach, compensation arrangement, and how we plan to resume operation. We will strive to maintain transparency and your support to BitMart is highly appreciated. pic.twitter.com/83Q43W9aXf

— BitMart.Exchange (@BitMartExchange) December 6, 2021

Source: dpa

La entrada Bitcoin price drops below $ 50,000 after BitMart hack apareció primero en Bitfinance.