2 / 2 Relevant items tagged with #Supply

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Stablecoin Market Sees Supply Increase for Tether as Competitors Decline in Light of Recent Regulatory Developments

[Feb 14, 2023 8:00 AM] While the stablecoin market has seen significant redemptions in the past three months, the supply of tether, the largest stablecoin by market capitalization, has increased by 2.46 billion since mid-November 2022. Tether is the only one of the top…

Paxos Receives Wells Notice from SEC, NYDFS Orders Issuer to Stop Minting BUSD

[Feb 13, 2023 6:03 AM] According to a report published on Feb. 12, 2023, the New York-based financial institution and technology company, Paxos, has received a Wells Notice from the U.S. Securities and Exchange Commission (SEC) regarding alleged violations of investor…

Following APT’s 400% Rise Since Late December, Aptos Drops 20% From All-Time High 

[Feb 1, 2023 1:00 PM] On Jan. 26, 2023, the cryptocurrency asset aptos (APT) reached an all-time high and then lost 20% of its value over the next five days. In the past 24 hours, it also shed 8.3% against the U.S. dollar. Despite the decline from its all-time high, APT…

Russians Offered Ready-made Crypto Exchange Accounts Amid Restrictions

[Jan 31, 2023 12:30 AM] Russian crypto traders have been looking to obtain unrestricted accounts for global exchanges as their access to such platforms is limited. Over the past year, the offering of such accounts on the dark web has increased significantly, cybersecurity…

SHIB Token Sees Rise Ahead of Shibarium Beta Launch

[Jan 16, 2023 2:30 PM] The meme token shiba inu has seen a rise against the U.S. dollar during the last seven days as the coin’s supporters anticipate the beta launch of the layer two (L2) scaling solution Shibarium. Developers detailed on Jan. 15, 2023, that the…

USDC transfer volume hit 5X USDT's in fallout from FTX collapse

[Jan 11, 2023 12:16 AM] Although it has a much smaller market cap, on-chain data shows that USDC has a much greater transfer volume compared to its main competitor USDT.

Gold Prices Expected to Soar in 2023: Experts Predict Record Highs for Precious Metal

[Jan 8, 2023 10:00 AM] Gold is on the rise in 2023 and in the first week of the new year alone, the precious metal has jumped 2.36% against the U.S. dollar. Over the past 65 days, gold has soared 14.55% while silver has skyrocketed 22.31% against the greenback since Nov…

BONK Meme Coin Sees Wild Price Fluctuations and Massive Holder Concentration

[Jan 6, 2023 11:30 AM] After the all-time cryptocurrency price highs in 2021, suffering through the Luna implosion of 2022 and watching countless crypto businesses go belly up, we’ve got a new entrant to the meme coin scene that launched on the Solana network. The…

BUSD Sees $5 Billion Reduction in Supply in 24 Days, Relationship With Turkish Lira Continues

[Jan 6, 2023 9:00 AM] According to statistics, the stablecoin BUSD saw a significant drop in its supply over the past 30 days, shedding roughly 23.8% from Dec. 5, 2022, to Jan. 6, 2023. Since Dec. 13, 2022, BUSD’s supply has been reduced by more than $5 billion…

BMW taps Coinweb and BNB chain for blockchain loyalty program

[Dec 29, 2022 5:50 AM] BMW will integrate decentralized tech in two phases- first in its daily operations to eliminate complex paperwork, and the second phase would see the development of a customer loyalty program.