Crypto News

While the value of cryptocurrencies is known to swing wildly, the proposal by the Securities and Exchange Commission to implement an exchange-traded fund, or E.T.F., is giving the leading digital currency a much-needed boost. The fund will be available on regular stock markets, making it easy for people to put their money into cryptocurrencies. This could lead to a lot more money flowing into the cryptocurrency world. Cryptocurrencies are currently at an 18-month high, with many experts claiming that the crypto winter is now over.

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Crypto on the rise!

Stablecoins are digital coins that are linked to standard currencies such as the US dollar. Reports from 2022 show that these cryptocurrencies have settled an incredible $11 trillion during the year, nearly matching the number of transactions made by VISA ($11.7 trillion). Stablecoins such as USDT are popular candidates to become standard currencies in our everyday lives. Ground-breaking innovations may soon have you carrying a digital wallet full of USDT, rather than a pocket full of George Washingtons!

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Forbes has analyzed the performance of all major cryptocurrencies in 2023, revealing which are the digitals currencies that have given the most returns this year so far. No surprise, Bitcoin BTC is at the top of the list, with the major cryptocoin’s value jumping from about $16,000 at the start of the year to its current rate of just under $30,000. The top digital coins are:

Bitcoin (BTC)
Ethereum (ETH)
Tether (USDT)
Binance Coin (BNB)
XRP (XRP)
U.S. Dollar Coins (USDC)
Dogecoin (DOGE)
Cardano (ADA)
Solana (SOL)
TRON (TRX)

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