16 / 17 Relevant items tagged with #Usdt
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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.
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…
Crypto.com delists USDT for Canadian users following OSC ban
[Jan 10, 2023 3:30 PM] Registered cryptocurrency exchanges in Ontario, Canada cannot list USDT due to regulatory prohibition.
Unreported Transactions Linked to Disgraced FTX Co-Founder Revealed by Onchain Investigation
[Jan 5, 2023 11:30 AM] According to onchain research, wallets connected to Sam Bankman-Fried, the disgraced co-founder of FTX, transferred a significant number of previously unreported transactions across various blockchains. The transfers were discovered by Conor…
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…
Disgraced FTX Co-Founder Accused of Moving $684K in Crypto Assets While Under House Arrest
[Dec 30, 2022 11:30 AM] According to an analyst on Dec. 29, 2022, the disgraced co-founder of FTX, Sam Bankman-Fried (SBF), may have cashed out $684,000 in crypto assets while under house arrest. If the funds were spent by SBF, it goes against the court’s release…
BTC, ETH, ADA, BNB Ranked the Most Watched Crypto Assets in 2022
‘Ultra Sound’ Money — Simulation Shows Ethereum’s Inflation Rate Is Significantly Lower Using Proof-of-Stake
[Dec 29, 2022 2:30 PM] Its been 105 days since Ethereum transitioned from a proof-of-work (PoW) blockchain to a proof-of-stake (PoS) network and the number of Ethereum validators is set to surpass 500,000 in 2023. According to metrics, Ethereum’s issuance rate of…
The Stablecoin Economy Shed $28 Billion in 2022 After a Handful of Tokens Lost Their $1 Peg
[Dec 28, 2022 9:30 AM] 2022 has been an interesting year for stablecoin assets as the market capitalization of the entire stablecoin economy lost just over $28 billion in value. Moreover, more than $3 billion has been erased from the stablecoin economy during the last 23…
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…
Optimism Sees Spike In USDC And USDT Transactions Eclipsing $1 Billion
[Dec 25, 2022 10:19 PM] Optimism blockchain network has recently noticed an enormous uptick in both USDC and USDT transactions which have eclipsed $1 billion. What seems to have caught people’s attention is the fact that the Optimism chain seems to be unrivaled and…
Exchange Inflows, Outflows At A Stalemate As Bitcoin Refuses To Budge
[Dec 22, 2022 11:00 AM] Bitcoin is still struggling below $17,000 and centralized exchange inflows and inflows seem to be mirroring the trend of the digital asset. Over the last 24 hours, the net flows from exchanges have been seeing a near balance between inflows and…
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…
Whales Accumulate $726 Million In Bitcoin, Report Shows
[Dec 18, 2022 5:57 AM] Bitcoin and the crypto market have been of late seeing most prices of crypto in red, with little hope for an uptrend, at least based on charts. The past few weeks have seen growing fear and doubt about the asset class. However, despite the recent…
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…
Solana Struggles to Remain in the Top 20 as Prior Ties to FTX and Alameda Wounded the Project
[Dec 16, 2022 12:30 PM] Amid the market chaos within the crypto economy and following the climactic FTX collapse, the crypto asset solana has been one of the hardest hit during the last 30 days. Since FTX’s fallout, the digital currency lost 8.5% over the last…
Only 1% of people can handle crypto self-custody right now: Binance CEO
[Dec 14, 2022 8:17 PM] Changpeng Zhao’s comments come as billions of dollars of stablecoins continue to flow out of the Binance exchange.
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.
CFTC declares Ether as a commodity again in court filing
[Dec 13, 2022 8:53 PM] The community is hopeful that the assertion by the CFTC will put to bed claims that staked coins are securities according to the Howey Test.
Report: Before the Bankruptcy Filing, FTX Co-Founder SBF Was Told by Crypto Execs to ‘Stop Trying to Depeg Stablecoins’
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…
Brazilian Companies Break Crypto Purchasing Records Again in October
[Dec 5, 2022 3:00 AM] According to the latest reports from the Brazilian tax authority (RFB), institutions have again broken crypto purchasing records in Brazil. The organization registered that almost 42,000 companies purchased some kind of cryptocurrency during…
TRON Unfazed By Decreasing Volumes, Tallies $1 Billion In USDT Inflow
[Dec 3, 2022 10:10 AM] TRON (TRX) remains in a stagnant phase, refusing to make any kind of momentum for an upward run despite a number of positive developments that, in many cases if not all, should have helped trigger a significant price movement. Let’s consider…
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…