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Portfolio management provider GoodCrypto joins Cointelegraph Accelerator

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GoodCrypto joins a dedicated Cointelegraph support program for Web3 innovators to increase its brand value and scale up marketing efforts. With crypto markets rebounding since the beginning of 2023, retail investors are rediscovering their appetite for cryptocurrencies and other digital assets. For example, the Crypto Fear and Greed Index hit its highest index score earlier this year, recording 66 on March 20. This index aims to numerically represent current sentiment toward the crypto market, with the highest score being 100. A score of 66 has not been recorded since November 2021, when Bitcoin hit an all-time high of $69,000. In the wake of transitioning back to traditional work environments after several years of widespread remote employment, an increasing number of people have found themselves leveraging their mobile devices and online services as essential tools for both professional and recreational trading. Taking into account these evolving consumer behaviors, it’s becoming ev...

Binance stablecoin BUSD sees a sharp market cap drop amid solvency and mismanagement worries

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Persistent worries about Binance’s solvency, increased regulation of the crypto sector and questionable use cases are chipping away at BUSD’s market capitalization. Stablecoins in the cryptocurrency market help provide USD pegged tokens within the volatile industry. In bull markets, the market capitalization of stablecoins tends to decrease as investors flock to more volatile assets and in bear markets, investors seek shelter in low volatility stablecoins thus increasing their market caps. On Jan. 26, the total market capitalization for stablecoins like Tether (USDT), USD Coin (USDC), Binance USD (BUSD) and Dai (DAI) is over $131 billion. Stablecoin supply dominance. Source: Glassnode Stablecoins are so crucial to the future of crypto, that Moody’s, a well-respected analytics agency, is planning to develop a scoring system. The scoring system may help reduce the speculation and fear that some investors have with stablecoins. Such fear amid a lack of stablecoin transparency has led o...