Coinspeaker Figment Soars with Record-Breaking Growth in Q1 2024 and Expanded Staking Services Figment, a crypto staking firm, has announced its achievement in the first quarter (Q1) of 2024. The company revealed that with the launch of its Ethereum and Solana staking Exchange Traded Products (ETPs), it experienced a record year-on-year growth, managing over $15 billion in staking assets for more than 500 institutional clients. This huge five-fold increase compared to the same period in 2023 indicates the firm’s rapid expansion and the growing trust and confidence that its customers have in it ..read more

Coinspeaker Stablecoin Adoption Sees 15% Surge as Number of Holders Inches Close to 100M Stablecoins are fast growing in popularity, and the result is now evident in the number of addresses that hold them. According to the data from rwa.xyz, such addresses have climbed 15% this year alone, soaring to a record high of over 93.6 million. These digital assets, which maintain a 1:1 peg to external references like the US dollar, can be classified into three main types. They are fiat-backed, crypto-backed, and algorithmic stablecoins. Of all stablecoins, though, Tether (USDT) is unquestionably the b ..read more

Coinspeaker Nigeria’s Central Bank Issues Denial Regarding Alleged Freeze on Crypto Accounts The Ce­ntral Bank of Nigeria (CBN) rejecte­d claims it instructed banks and financial companies to identify crypto exchange users. Re­ports stated accounts engaging in such transactions were put on Post No Debit (PND) for six-month re­strictions. However, the CBN de­nied issuing directives re­quiring identification of crypto traders and temporary account fre­ezes.  The situation be­came confusion when the ce­ntral bank initially refuted the re­port on X, only to remove the de­nial. Later, they ass ..read more

Coinspeaker Renzo Introduced REZ Tokenomics and ezPoints Claiming Details With the end of Renzo’s Season 1 ezPoints campaign drawing closer, the liquid staking protocol has released REZ tokenomics and the claiming details of the ezPoints. According to the Renzo Protocol, the Season 1 ezPoints campaign will end on April 26. The protocol confirms that it has experienced immense growth in the volume of active users and the Total Value Locked (TVL). The growth in its TVL has placed Renzo amongst the top 10 Decentralized Finance (DeFi) protocols. Renzo Season 2 Starts on April 26 Notably, Season 2 ..read more

Coinspeaker Worldcoin to Boost WLD Supply by 19% in Next Six Months, WLD Price under Pressure Sam Altman’s iris-scanning digital identity project Worldcoin announced that it would increase the supply of its WLD tokens by a staggering 19% over the period of the next six months. Worldcoin said that it plans to implement this through the private sale to non-US institutions. In its blog post on Tuesday, April 23, Worldcoin stated that the Worldcoin foundation subsidiary World Assets, which is in charge of the WLD assets, will sell nearly 1.5 million Worldcoins (WLD) worth a staggering $8.5 million ..read more

Coinspeaker Don’t Ignore Left Curve: Arthur Hayes Explains Why Crypto Will Continue to Surge Arthur Hayes, an experienced crypto trader and co-founder of Bitmex, recently shared some insight about the main factors behind the current bull run. He explained how sovereign debt, currency debasement, and the growing attraction towards cryptocurrencies as a protection against the decline in fiat currency all interact with each other. Hayes acknowledgув that while certain traders may take pride in their recent successes, such as capitalizing on Solana’s rapid surge, the real crypto legends are those ..read more

Coinspeaker Solana Block Time Returns to 2 Sec, Is Congestion Nightmare Over? After several weeks of network congestion, Solana is now functioning properly again as its issue has finally been resolved and block time has returned to 2 seconds. Having the block production return to normal is a huge milestone for Solana considering the setbacks it has experienced. The transaction confirmation time has also reduced drastically to less than two seconds. This breakthrough is a result of intense technical amendment, refinement and enhancement from the Solana developer team. Boost in Solana Block Time ..read more

Coinspeaker Hedera’s HBAR Jumps 96% on Misunderstood BlackRock Update Hedera’s native token, HBAR, experienced a nearly 100% surge in the past 24 hours. The rally was triggered by news that BlackRock, a prominent global asset management company based in the United States, was bringing its ICS US Treasury money market fund (MMF) on-chain to be tokenized on the Hedera network. In response to this news, HBAR price skyrocketed from $0.087 to $0.175 on April 23, accompanied by a trading volume of $1.48 billion, according to CoinMarketCap. However, the digital asset has since retraced to $1.396 at t ..read more

Coinspeaker DAI Hit Record $240B in On-chain Transaction Volume Last Week Stablecoins recorded significant traction last week as losses and volatility compounded in the crypto market. But MakerDAO’s DAI stablecoin benefited the most during last week’s bloodbath. According to data from the on-chain intelligent platform IntoTheBlock, DAI hit a record $240B in on-chain transaction volume. This record weekly high eclipsed the rest of the stablecoins combined. $DAI saw $240B in on-chain transaction volume last week. Not only is this a new weekly high for $DAI, it's also more than all other stablec ..read more

Coinspeaker Europe’s Largest Traditional Banks Venturing into Crypto Thanks to MiCA A few major banks in Europe are now making efforts to enter the crypto sector following the adoption of the Markets in Crypto-Assets (MiCA) regulations. In a recent interview, Lukas Enzersdorfer-Konrad, the deputy CEO of crypto exchange and trading app Bitpanda said the attraction stems from the law’s clarity. “European banks are moving into crypto as an asset class and tokenization technology, because MiCA, the upcoming regulatory framework for Europe is suddenly bringing full clarity ..read more