Fiat-backed stablecoins have eclipsed Mastercard and PayPal in moving more value across their networks in 2022, according to a Bloomberg Intelligence note on Aug. 25. According to Bloomberg Intelligence crypto market analyst Jamie Coutts, stablecoins on several Layer-1 networks transacted $6.87 trillion in 2022, surpassing the transaction volumes of Mastercard and PayPal. However, stablecoins still The post Stablecoin volume outpaces Mastercard, PayPal as digital payments wars loom appeared first on CryptoSlate.

1inch Network has announced its expansion to Base, a Layer-2 Ethereum scaling solution incubated by renowned crypto exchange Coinbase. This strategic move aims to offer 1inch users access to deeper liquidity, lower transaction costs, and higher speeds, further enriching their trading experience. However, the news comes as a warning regarding an impending exit scam by Magnate The post New $5M exit scam fears as DeFi grows on Base with 1inch Network launch appeared first on CryptoSlate.

Bitcoin has experienced its longest stretch of negative year-over-year returns in its history, 15 months extending from Feb. 2022 to June 2023. This record-breaking downturn surpasses the previous streak of nearly a year from Nov. 2014 to Oct. 2015. According to a recent Pantera Capital letter to investors, this prolonged downturn may have reached its limit. The post Pantera predicts 322% Bitcoin price surge to $148k after halving in 2024 appeared first on CryptoSlate.

Since August 2010, there have been only 677 days in which you could have bought Bitcoin and currently be at a loss, with 86% of days where ‘holding Bitcoin has been profitable relative to today’s price,’ as per Coinglass data. Data from Coinglass shows that entities who purchased Bitcoin on any one of the other The post Bitcoin profitable on 86% of days, yet just 61% of holders are in profit appeared first on CryptoSlate.

Nvidia made no mention of cryptocurrency or crypto mining chips and minimal references to gaming in its latest earnings call released on Aug. 23, as AI dominated the narrative around growth drivers and new offerings. Based on the frequency and context of mentions, the transcript indicates a greater emphasis on AI than gaming, Nvidia’s core The post NVIDIA doubles down on generative AI amid reducing gaming, crypto focus appeared first on CryptoSlate.