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PortuguêsThe collapse of crypto-exchange FTX hit the crypto world like a tropical storm. It bears asking once again: How stable are stablecoins? If early November’s FTX collapse was crypto’s “Lehman…
Continue ReadingDuring 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…
Continue ReadingAt 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…
Continue ReadingRising from the ashes of old crypto exchanges, a new paradigm arises. The environment is now a global priority, evidenced by the threat of increasing carbon dioxide emissions reaching 414.72…
Continue ReadingThe Dubai Multi Commodities Centre (DMCC) has announced a new partnership with the firm Comtech Gold in order to digitize gold trading. The DMCC said the tokenized precious metals are…
Continue ReadingThe market cap of Tether dropped amid the FTX fiasco while USD Coin supply increased by $2 billion. USD Coin (USDC), a stablecoin issued by the U.S.-based Circle Financials Ltd,…
Continue ReadingBitcoin cannot be destroyed by the fall of cryptocurrency giants like FTX or, hypothetically, other big exchanges, according to Samson Mow. The collapse of FTX has triggered a notable drop…
Continue ReadingTether released a statement to address the FUD surrounding USDT Weighted sentiment saw an uptick, transaction count fell Owing to the uncertainty being fueled by FTX’s collapse, many members of…
Continue ReadingThe SOL cryptocurrency continues crashing amid the FTX crisis, plummeting 7% on the news of exchanges halting deposits of Solana-based stablecoins. Major cryptocurrency exchanges continue to carry out measures in…
Continue ReadingWhat happened here was not a mistake; it is not that they were hacked. They took several decisions to put at risk customer assets. The crypto industry saw dark days…
Continue ReadingETH price hovers at a key support level and while it is softening, data shows pro traders are reluctant to go short. Ether (ETH) has been stuck between $1,170 to…
Continue ReadingAccording 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…
Continue ReadingThe wallet address in question received funds from various international and U.S.-based wallets linked to FTX, which amassed over 83,878.63 ETH (worth over $105.3 million) in just two hours. The…
Continue ReadingBillionaire entrepreneur Elon Musk, who recently purchased Twitter in hopes of unleashing the platform’s full potential, acknowledged Twitter’s contribution in tracking down the FTX developments in real time. On the…
Continue ReadingAs it struggles to close a purported multi-billion dollar hole in its financial sheet, cryptocurrency exchange FTX has lost at least one possible saviour. On 10 November, Tether CTO Paolo…
Continue ReadingNearly all major stablecoins lost their dollar pegs amid the FTX saga, but most have recovered again as markets stabilize. Plunging cryptocurrency prices are not the only consequence of this…
Continue ReadingFTX won’t be getting a bailout from Tether who confirmed it isn’t planning to provide a cash injection despite the CEO reportedly reaching out to multiple firms for help. Cryptocurrency…
Continue ReadingThe USDT issuer had total assets of $68.06 billion at the end of the third quarter, exceeding its total liabilities of $67.8 billion. Stablecoin issuer Tether Holdings Limited published its…
Continue ReadingOn Nov. 10, 2022, two reports said that FTX CEO Sam Bankman-Fried (SBF) is canvassing for emergency funds up to $9.4 billion for the embattled exchange. One report says that…
Continue ReadingUSDT witnesses massive short positions against itself Number of Active addresses and number of transfers grew USDT, the number one stablecoin in terms of market cap according to CoinMarketCap, may…
Continue ReadingAmid 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…
Continue ReadingTether has thus far only frozen USDT funds held in private wallets when requested by law enforcement. According to blockchain transaction data provided by WhaleAlert.io on Nov. 10, Tether appears…
Continue ReadingTether follows TRON’s USDD stablecoin in coming unstuck amid suspicions of shorting involving FTX and Alameda Research. Bitcoin (BTC) and crypto markets saw fresh volatility on Nov. 10 after stablecoin…
Continue ReadingThe crypto market is 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…
Continue ReadingTether’s CTO addressed concerns over USDT’s exposure to FTT USDT daily volume sees a spike Members of the cryptocurrency community have been questioning prominent stablecoin companies about their engagements with…
Continue ReadingOn Nov. 9, 2022, a day after the news broke regarding Binance planning to purchase the exchange FTX, the crypto economy dropped 11.17% in 24 hours. The crypto economy has…
Continue ReadingConvinced that cryptocurrencies are affecting the tasks performed by monetary authorities around the world, the Dutch central bank has urged for comprehensive international regulations. The call comes after research into…
Continue ReadingAmidst the mayhem surrounding FTX and the Binance deal, there are currently numerous rumors circulating about possible contagion effects. If the takeover by Binance does not materialize, effects similar to…
Continue ReadingCoinbase CEO Brian Armstrong said that the recent FTX and Alameda debacle was a result of risky practices such as the misuse of user funds. Amid the liquidity crisis that…
Continue ReadingThe Brazilian Tax Authority RFB registered a new record in the number of Brazilians that invested in crypto, in the month of September. The institution informed through its monthly reports…
Continue ReadingThe USDT transaction volume reached a new high over the last four months according to Glassnode’s latest tweet posted on 7 November. With multiple factors in favor of USDT, it…
Continue ReadingWhile the stablecoin economy has seen fluctuations from specific stablecoin tokens either increasing the project’s number of tokens in circulation or decreasing the supply, the stablecoin GUSD issued by Gemini…
Continue ReadingCrypto could prove to be the solution to a country like Lebanon to restore its failing economy. Lebanon’s financial system is fundamentally dysfunctional as a result of decades of mismanagement.…
Continue ReadingLiving in the chaos of a deep crisis, people in Lebanon have been turning to cryptocurrency, a new media report has confirmed. From earning much needed income through mining and…
Continue ReadingOver three billion in value was erased from the stablecoin economy during the past 30 days. The trend occurred despite the number of tethers in circulation rising by 2.2% last…
Continue ReadingCrypto payments are taking off in a big way in Lugano, Switzerland with 60 merchants and counting. Over the weekend, thousands of Bitcoiners and crypto enthusiasts descended on the small,…
Continue ReadingIt’s a tale as old as time: the Department of Justice investigating Tether and USDT. It’s been reported far and wide, and for years on end, with speculation throughout. We’re…
Continue ReadingBTC futures and stablecoin margin data shows a lack of appetite from buyers even as Bitcoin gained 7.5% in a week. Bitcoin (BTC) rallied on the back of the United…
Continue ReadingAccording to Chainalysis, a crypto auditing and blockchain tracking firm, the use of dollar-pegged stablecoins is growing in Latam, specifically in Argentina and Venezuela, due to the common economic problems…
Continue ReadingIn mid-August, or 68 days ago, the market capitalization of the stablecoin BUSD was approximately $17.7 billion and since then, its grown 22.88% higher to today’s $21.78 billion. BUSD’s growth…
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