15 / 15 Relevant items tagged with #USDt

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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…

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…

A Dozen Digital Assets Record Double-Digit Gains as Crypto Markets Begin to Heal After FTX’s Collapse

[Nov 27, 2022 11:00 AM] At the time of writing the global cryptocurrency market capitalization is hovering around $842 billion on Sunday, Nov. 27, 2022. Bitcoin prices consolidated since the start of the week, as seven-day stats indicate the price of bitcoin has dropped…

Tether vs. USD Coin on-chain data reveals two very different stablecoins

[Nov 23, 2022 9:28 AM] The market cap of Tether dropped amid the FTX fiasco while USD Coin supply increased by $2 billion.

Terra’s $2.8B Defense System — Luna Foundation Guard Audit Says Group Spent More Than 80,000 Bitcoin Defending UST Peg

[Nov 16, 2022 3:30 PM] Months after the collapse of Terra’s U.S. dollar-pegged token UST, the organization created to protect the once-stable coin, the Luna Foundation Guard (LFG), published an audit report audited by the New York-based consultancy company JS…

Huobi Becomes Latest Crypto Exchange to Disclose Proof-of-Reserves

[Nov 15, 2022 1:30 AM] Huobi, the Seychelles-based crypto exchange, recently became the latest digital asset exchange platform to reveal the number as well as the value of its digital assets held in reserves. Huobi has said disclosing the assets held in reserves helps to…

US Law Enforcement Directs Paxos to Freeze More Than 11,000 PAXG Tokenized Gold Coins

[Nov 14, 2022 1:30 PM] According to the blockchain infrastructure company Paxos, the firm has frozen 11,184.38 pax gold (PAXG) tokens held on the platform FTX.com. The regulated token issuer noted that it was directed to freeze the PAXG tokens after “direction…

FTX Reportedly Hacked as Telegram Group Admin Comments on Possible ‘Malware’ Present in Apps, Irregular Fund Movements Registered Onchain

[Nov 12, 2022 6:15 AM] Admins of the Telegram group of the FTX community stated that the platform had been hacked and all of the funds of the exchange seemed to be gone. FTX U.S. General Counsel Ryne Miller, who reportedly pinned the message in the group, explained he…

Major stablecoins destabilized as market volatility and redemptions surge

[Nov 10, 2022 10:24 PM] Nearly all major stablecoins lost their dollar pegs amid the FTX saga, but most have recovered again as markets stabilize.

Shaky USDT Price Stirs Speculation Tied to Alameda Reserves, Tether Freezes 46 Million Tokens

[Nov 10, 2022 10:00 AM] Amid the market fluctuations on Thursday, data shows the stablecoin tether temporarily tapped a low of $0.961 per unit. Tether’s market fluctuations have affected the decentralized finance (defi) protocol Curve’s 3pool, as the…

Report: Tether freezes $46M of FTX's USDT on Tron blockchain, setting new precedent

[Nov 10, 2022 9:19 AM] Tether has thus far only frozen USDT funds held in private wallets when requested by law enforcement.

Amid FTX Rumors Tether’s USDT Peg Of $1 Wobbles – What’s Going On?

[Nov 10, 2022 7:18 AM] The crypto market still seems to be in the grasps of FTX and Alameda. Currently, rumors are circulating that Tether’s stablecoin USDT might be more affected by the downfall of FTX than it would like to admit. Moreover, there currently seems…

Analysts urge calm as Tether depegs from USD, Bitcoin loses $17K rebound

[Nov 10, 2022 7:09 AM] Tether follows TRON's USDD stablecoin in coming unstuck amid suspicions of shorting involving FTX and Alameda Research.

Crypto.com commits to proof-of-reserves after halting certain deposits and withdrawals

[Nov 9, 2022 10:15 PM] "We share the belief that it should be necessary for crypto platforms to publicly share proof of reserves," the Crypto.com CEO said.