Qatar Central Bank in ‘foundation stage‘ of launching digital currency

Coinbase Lists Open Source Oracle Platform DIA

DIA’s listing news generated major attention on the oracle platform as the DIA token’s trading volume skyrocketed by 1000%, with +$120M DIA traded in 24 hours. DIA is now in full-trade mode in Coinbase Exchange and Coinbase Pro, allowing users to buy and sell the token. Launched in 2018, DIA is a cross-chain, end-to-end, open-source oracle platform for Web3, enabling the crowd-sourcing, validation and sharing of transparent and verified data for dApps. DIA’s governance token empowers the community to govern the DIA platform and validate DIA’s crowdsourced data feeds. This Monday, January 24, DIA was listed on Coinbase allowing inbound transfers of the DIA token in the regions where trading is supported. The listing news caught the attention of the web3 community as the volume of DIA skyrocketed by 1000%, with more than $120M DIA being traded within 24 hours. Together with Kraken and Binance, Coinbase is one of the leading web3 platforms for buying, selling, transferring, and storing digital assets. According to Coinbase, approximately 73 million verified users, 10,000 institutions, and 185,000 ecosystem partners are operating on the platform. Currently, DIA is available on Coinbase Exchange and Coinbase Pro with pairs DIA-USD, DIA-USDT, DIA-EUR.    

Small Cap Altcoins Continue To March Ahead Of Bitcoin And Ether Gains

Small cap altcoins have been one of the best performers in recent times. Even through the downtrend, these low market cap cryptocurrencies have returned better gains compared to their bigger counterparts like Bitcoin and Ethereum. They have carried this performance into another week as small cap altcoins show their profitability once more by being ahead while the rest of the market suffers. Small Cap Altcoins Stays In The Lead The previous week, small cap altcoins had been the only index returning profits while all others have been drowning in losses. It has continued this week as it remains the only index in the green with other indexes languishing in its wake. These small cap altcoins usually boost a small yet tight-knit community of supporters which often explains the consistent gains. Related Reading | LUNA to Spike 80%? Here’s What Analysts Think The monthly performances of these indexes are stark when placed side-by-side. For example, the Small Cap Index has been on the rise for the month, reaching as high as 17% in positive returns this month. However, the other indexes which consist of cryptocurrencies with much larger market caps have not been able to record the same returns, all down in the same time period. Small Cap Index is the only one in the green | Source: Arcane Research This index climbed as high as this after hovering around 0% for the days leading up to March 16th. It was at this point that the Small Cap Index had begun to pick up momentum, becoming the only index in the green. How The Bigger Indexes Have Performed Looking at the Bitcoin, Mid, and Large Cap indexes, it is obvious that smaller altcoins have been the best investment in recent times. All of these have remained in the red even after a small recovery that was recorded recently in the market. These indexes have remained below the mark of profit for the better part of the year, making them a less attractive investment option compared to the small cap altcoins. Crypto market at $1.8 trillion | Source: Crypto Total Market Cap on TradingView.com Bitcoin has been on a downtrend, recording one of the highest loss margins for all of the indexes. It recorded 5% losses alongside its counterpart, the Small Cap Index, which also saw returns in the negative at -%5. Related Reading | HubSpot Hack Results In Data Breach Of Major Companies Like Circle And BlockFi As for the Large Cap Index, it performed a bit better compared to Bitcoin and Mid Cap but still did not make it into the profit territory. It also remains in the red region with -3% recorded over the past month. Ethereum however has been one of the strongest performers and has since its market dominance gone up by1% over the past week. Relative to Bitcoin, the ETHBTC is now back above 0.07. Featured image from Coinlib, chart from TradingView.com

Bitcoin ATM installations record low in May, biggest drop since 2019

Over the past five months since January, Bitcoin ATM installations saw a gradual slowdown, eventually falling 89.75% from December 2021’s 1971 new installations.