21 / 22 Relevant items tagged with #Stablecoins
Posts: 634
Posts
Tron’s USDD Stablecoin Experiences Fluctuations Again, Drops Below $1 Parity in Early 2023
[Jan 10, 2023 6:30 PM] The Tron-based stablecoin USDD fell below $1 parity again during the first week of 2023 and on Jan. 10. Four days ago, the stablecoin dropped to $0.972 per unit and on Tuesday, Jan. 10, 2023, USDD slipped to $0.977 per unit. At the time of writing…
Why Justin Sun’s Stablecoin USDD Is Struggling To Maintain Its Dollar Peg
[Jan 10, 2023 1:00 AM] A stablecoin is a cryptocurrency that is pegged to a certain fiat currency. It provides stability for investors of crypto, making transactions easier. USDD, a stablecoin created by the founder of the Tron Blockchain, Justin Sun, has been losing its…
Global Cryptocurrency Trade Volumes Saw a Significant Decline in December 2022
[Jan 1, 2022 10:00 AM] According to statistics, daily cryptocurrency trade volumes have dropped significantly during Dec. 2022. On Jan. 1, data shows that $22.95 billion was traded in the last 24 hours, compared to double that amount, $54.78 billion, two weeks earlier…
BTC, ETH, ADA, BNB Ranked the Most Watched Crypto Assets in 2022
More Than $19 Billion in BTC, ETH, Stablecoins Left Exchanges Since the Onset of FTX’s Collapse
[Dec 27, 2022 6:30 AM] For more than 50 days or since Nov. 5, 2022, bitcoin, ethereum, and stablecoin owners removed roughly $19.19 billion in crypto assets from centralized exchanges. Between Nov. 5 to Dec. 26, roughly 356,848 bitcoin and 4.48 million ether were…
Why USDT Is Plunging While Other Stablecoins Are Not
[Dec 26, 2022 11:50 PM] Stablecoin adoption has grown immensely, observed especially following the collapse of Terra. USDC and USDT have seen sizeable growth, but USDT has a lot of keeping up to do with its value plunging as of press time. USDT trades at $0.09999 as of…
Bitcoin Selling Pressure Becoming Exhausted? This Metric May Hint So
[Dec 26, 2022 1:00 PM] The on-chain data for the stablecoin redemptions during the recent price plunge could suggest there aren’t many Bitcoin holders selling anymore. Stablecoin Redeem Count Has Remained Low Recently As pointed out by an analyst in a CryptoQuant…
US Senator Introduces Bill to Regulate Payment Stablecoins
Paxful to Drop Ethereum Trading Due to Increased Centralization and Consensus Mechanism Pivot
[Dec 22, 2022 6:30 AM] Paxful, a New York-based, peer-to-peer (P2P) cryptocurrency exchange, will drop Ethereum trading from its platform on Dec. 22. Ray Youssef, CEO of the company, cited different reasons for this decision, with increased centralization and the recent…
2022’s Market Review: Crypto Economy Loses $1.4T, Top 10 Token Knockouts, Terra’s Collapse
[Dec 21, 2022 4:00 PM] 2022 is coming to an end and during the last 12 months, the crypto economy has lost roughly $1.486 trillion in value against the U.S. dollar. On Dec. 20, 2021, bitcoin was trading for $46,406 and it has lost more than 63% in value year-to-date…
Basel Committee Finalizes Rules for Bank Exposure to Cryptocurrency Assets
[Dec 19, 2022 9:30 AM] The Basel Committee, the organization in charge of setting global bank standards, has finalized its new rules related to banks and cryptocurrency exposure. The document establishes two different crypto asset classes, including tokenized real assets…
Crypto Twitter Speaks Up for Hal Finney’s Account, SBF Was Reportedly Told by Binance CEO: Stop Causing ‘More Damage’ — Bitcoin.com News Week in Review
[Dec 18, 2022 7:00 AM] Bitcoiners on Twitter recently pleaded with the CEO of the social media platform, Elon Musk, to preserve the account of late computer scientist and bitcoin pioneer Hal Finney. The outcry came after Musk announced that a mass of inactive accounts…
Algorithmic stabilization is the key to effective crypto-finance
[Dec 17, 2022 1:56 PM] Crypto needs to move on from the LUNA crash and start trusting algorithmic stablecoins again.
Stablecoin BUSD’s Supply Shrunk by 3.24 Billion in 3 Days, Market Cap Is Down 20% Since Last Month
[Dec 16, 2022 2:30 PM] While billions of dollars in crypto assets have been withdrawn from Binance, the world’s largest exchange in terms of volume, the stablecoin BUSD has seen its coins in circulation drop considerably during the last three days. While 20% of…
Tether to reduce secured loans to zero in 2023 amid battle against FUD
[Dec 13, 2022 10:38 PM] The move comes in response to a wave of mainstream media attacks and FUD, primarily from the Wall Street Journal.
Brazil could cement its status as an economic leader thanks to 2024 CBDC move
[Dec 12, 2022 4:41 PM] Brazil is set to launch a Central Bank Digital Currency (CBDC) in 2024, a move that could contribute to its status as an economic leader in South America.
Tron’s Stablecoin USDD Deviates From the $1 Peg, Justin Sun Says Team Deployed More Capital
[Dec 12, 2022 9:30 AM] The Tron-based stablecoin USDD has once again dropped below the $1 parity to a low of $0.969 on Monday, Dec. 12, 2022. Amid the drop in USDD’s value, Tron founder Justin Sun tweeted that his team was “deploying more capital,” and the stablecoin’s
Report: Before the Bankruptcy Filing, FTX Co-Founder SBF Was Told by Crypto Execs to ‘Stop Trying to Depeg Stablecoins’
Coinbase Entices Users to Switch From USDT to USDC, Crypto Firm Says Recent Events ‘Put Some Stablecoins to the Test’
Is Bitcoin Bottom In? This On-Chain Condition Hasn’t Been Met Yet
Total crypto market cap falls to $840 billion, but derivatives data shows traders are neutral
[Dec 8, 2022 1:51 PM] Regulatory pressure continues to limit each upside breakout, but data shows some compelling reasons for an eventual crypto market rally.
Bitcoin Dominance Has Remained Under 40% for More Than 3 Consecutive Months
[Dec 7, 2022 9:00 AM] Over the last 100 days or roughly three months, bitcoin’s market dominance among 21,958 different crypto assets worth roughly $850 billion has been under 40%. Bitcoin dominance has been under 40% since Aug. 27, 2022, with a brief instance of…
The Path To A Bitcoin Economy: Decentralized Bitcoin-Backed Credit
[Dec 5, 2022 8:39 PM] Bitcoin-backed credit built with DeFi represents a stronger and more practical vision of "bitcoin free banking" originally described in 2010 by Hal Finney.This is an opinion editorial by David Seroy, Founder and President of Old North Capital…
Blockchain Pilgrimage: Regulating Crypto ‘Should Be Combined With Education’ Says Top Wadzpay Executive
Israel's chief economist lays out recommendations for crypto regulation
[Nov 28, 2022 11:43 PM] The chief economist said the Supervisor of Financial Service Providers and the Israel Securities Authority should be granted more powers to oversee the industry.
Don’t Forget the Importance of Censorship Resistance
[Nov 28, 2022 11:30 PM] Since people are once again talking about self-custody as one of crypto’s unique strengths, I would like to remind everyone about an equally important fundamental value proposition of crypto that, in the early days, was touted as the killer…
Terra Supporters Hope to ‘Defy the Odds’ by Pumping the Now-Defunct Stablecoin USTC Back to $1 Parity
[Nov 28, 2022 11:05 AM] It’s been six months since Terra’s algorithmic stablecoin UST (now USTC) depegged from the U.S. dollar and the price has remained depegged from the greenback since May 9, 2022. Currently, the former stablecoin is exchanging hands for $0.02 per…
Stablecoin Economy Continues to Shrink Shedding Close to 5% in 2 Months
[Nov 28, 2022 9:00 AM] During the last month, the market capitalization of all the stablecoins in existence dropped by more than 2%, shedding roughly $2.98 billion since the end of October. Statistics show that tether, the largest stablecoin by market valuation, saw its…
Crypto awakening: Researcher explains ETH exodus from exchanges
[Nov 23, 2022 6:31 AM] On-chain analytics show that ETH and stablecoins have been flowing out of centralized exchanges in the aftermath of FTX’s collapse.