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  • Visa's New Index Reveals Over 90% Stablecoin Transactions Not From Real Users
    According to PANews, a new index co-developed by Visa reveals that over 90% of stablecoin transactions do not originate from actual users. This suggests that such cryptocurrencies are still far from becoming widely used payment methods. The dashboard developed by Visa and Allium Labs aims to exclude transactions initiated by bots and large-scale traders, thereby isolating transactions conducted by real people. Visa stated that of the total transaction volume of approximately $2.2 trillion in April, only $149 billion came from 'real-world payment activities'. This finding by Visa challenges the argument of stablecoin supporters that these tokens, pegged to assets such as the dollar, will disrupt the $150 trillion payment industry. Financial technology giants such as PayPal and Stripe are among those venturing into stablecoins. Stripe's co-founder, John Collison, expressed optimism about these tokens in April due to 'technological improvements'. Commenting on these data, Pranav Sood, EMEA Executive Director of payment platform Airwallex, said: 'This shows that the development of stablecoins as payment tools is still at a very early stage. This does not mean that they do not have long-term potential, because I believe they do. But the short-term and medium-term focus needs to be on ensuring that existing systems work better.'
    Bullish
    Bearish
  • Bitcoin network has processed more than 1 billion transactions
    Data shows that the Bitcoin network has officially processed more than 1 billion transactions. (Bitcoin Magazine)
    Bullish1
    Bearish
  • Ordinals Inscriptions’ cumulative fee income exceeds 6,800 BTC
    Dune data shows that the cumulative fee income of the Bitcoin NFT protocol Ordinals inscription casting has exceeded 6,800 BTC, currently 6,800.1029 BTC, equivalent to approximately US$432,064,214. The total number of inscriptions currently cast has reached 66,405,307.
    Bullish
    Bearish
  • Rune minting accounts for 70.2% of all Bitcoin transactions in the past 24 hours
    Ord.io posted on the X platform that Runes accounted for 70.2% of all Bitcoin transactions in the past 24 hours. 1. DOPE•ASS•TICKER: 267,955; 2. EPIC•EPIC•EPIC•EPIC: 100,000; 3. THE•DONALD•TRUMP: 9,076.
    Bullish
    Bearish
  • PEPE’s fork PORK faces bloodbath: Here’s what’s going on
    After a double-digit weekly bull rally, PORK’s price fell by over 10%, while PEPE moved down marginally. source: https://ambcrypto.com/pepes-fork-pork-faces-bloodbath-heres-whats-going-on/
    Bullish
    Bearish
  • Crypto Trader Says Three Altcoins Are His Golden Tickets, Flips Bullish on One Memecoin With ‘Monster’ Chart
    An analyst who continues to build a following with timely crypto calls says he has his radar locked on three altcoins. Pseudonymous trader The Crypto Dog tells his 776,300 followers on the social media platform X that he’s bullish on an Ethereum (ETH) challenger and a pair of memecoins as the digital asset market bounces. […] source: https://dailyhodl.com/2024/05/05/crypto-trader-says-three-altcoins-are-his-golden-tickets-flips-bullish-on-one-memecoin-with-monster-chart/
    Bullish
    Bearish
  • Bitcoin reaches one billion transactions
    An average of 178,475 daily transactions have been made on Bitcoin in its 5,603 day existence. source: https://cointelegraph.com/news/bitcoin-reaches-one-billion-transactions
    Bullish
    Bearish
  • BTC-e Founder Admits $9B Money Laundering Conspiracy Charge
    BTC-e founder concludes exchange's five-year-long case with guilty admission. source: https://dailycoin.com/btc-e-founder-admits-9b-money-laundering-conspiracy-charge/?utm_source=cryptopanic&utm_medium=rss
    Bullish
    Bearish
  • Swifter Justice Needed for Crypto Offenders, Says South Korean Prosecution Chief
    A top South Korean prosecution official says courts must deliver swifter justice to crypto offenders – with cases currently taking “too long” to process. source: https://cryptonews.com/news/swifter-justice-needed-for-crypto-offenders-says-south-korean-prosecution-chief.htm
    Bullish
    Bearish
  • Bitcoin(BTC) Surpasses 64,000 USDT with a 0.19% Increase in 24 Hours
    On May 05, 2024, 23:22 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 64,000 USDT benchmark and is now trading at 64,018.011719 USDT, with a 0.19% increase in 24 hours.
    Bullish
    Bearish

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