Ethereum continues to be the dominant blockchain for developer activity, however, a few other chains continued to make ground.
The crypto industry has already seen more than 1,600 layoffs across the industry in the first two weeks of January.
Bitcoin’s chart shows a tug-of-war between bulls and bears, and this is having a slight impact on the upward price action of most altcoins.
Some crypto tokens will perform better than stocks in 2023 as they become less sensitive to macroeconomic factors, according to CIO at Arca Jeff Dorman.
The potential stablecoin aims to enable cross-border transactions instead of fiat currencies like U.S. dollar, the Russian ruble or the Iranian rial.
While the developers did not give an exact date for the release, the team reiterated that their answer to all questions relating to the time frame is “soon.”
It is understood the crypto software company will enable crypto traders to create algorithmic-based strategies to access different markets.
Bitcoin has turned bullish, but is it a dead cat bounce? If BTC bulls keep pace, LTC, OKB, BIT and FTM could see strong rallies.