Volume

As it is the case with other businesses, the cryptocurrency industry is not exceptional. There are coins that registered massive gains during the month and there are those that never saw the light of the month. CoinIdol, a world blockchain news outlet, analyzed the market to define the 5 worst performers of March, 2021.

The trading volume of USD Coin (USDC) has increased dramatically following the announcement by Visa of accepting the cryptocurrency for payments. Visa Inc. will become the first payments giant to allow its over 60 million merchants to settle transactions in USDC, a 12th cryptoasset by market cap and a stablecoin that is backed by US dollar (USD) created on the Ethereum blockchain.

Ethereum industry has been losing whales as the number of big holders dropped to a 3-year low. Instead, it seems to be invaded by retail investors most especially since the middle of 2020.

Russian State Duma is planning on changing the taxation threshold for cryptocurrency transactions to cover more taxpayers dealing with digital assets. As the interest in the assets from investors grows, the government wants to make sure the crypto holders will not avoid taxation.

The year 2021 arrived when most of the popular cryptocurrencies had gained much momentum in the market. A variety of virtual coins including Bitcoin (BTC) plunged in volume and prices.

A wave of screaming headlines marked a promising start of the new year as blockchain-based services' ongoing popularity made a swing and started to rise again.

The month of January 2021 has not been fair to some of the popular digital currencies among the top 10 cryptocurrencies on the market. There was a big amount of volatility in most of the cryptocurrencies. The price of the most cryptocurrencies fell following the warning from Janet Yellen, the US Treasury Secretary, about the illicit use of digital currencies including Bitcoin.

Fast Listing feature allows users to trade newly added tokens in a more convenient way by using the Rubic platform. Analytics suggests the launch of the feature will speed up the trading process, as well as boosting the trading volume on the platform.

The US Federal Reserve Board and Fincen are proposing to extend the definition of money to include cryptocurrency. This move might prove that financial regulators are willing to admit digital money as a payment method while opening up new possibilities for it. On the other hand, this might also mean a strengthening of control.