Search
Coinbase Canada halts USDT trading this month
18.8.2023
Coinbase, a widely-recognized cryptocurrency exchange, has notified its Canadian users through emails of an imminent suspension of trading for the digital asset Tether. In the words of an official representative from Coinbase’s team, this trading halt is due to happen on August 31 at 12...
Tether to Withdraw Support for USDT on Omni, Kusama, and Bitcoin Cash’s SLP
18.8.2023
Tether has announced a strategic transition that will see the company withdraw support for USDT issued on Omni, Kusama, and Bitcoin Cash’s Simple Ledger Protocol (SLP). The company stated that one of the factors that affected this decision was the level of community interest in these...
Argentines Flock to Stablecoins Amidst Record Devaluation Numbers
18.8.2023
Argentines are flocking to purchase stablecoins to protect their savings as the peso loses value. Local cryptocurrency sources reported an increase of up to 500% in the crypto volumes moved, mostly in stablecoins like USDT, to shield incomes against the raging devaluation registered after...
Coinbase Will Suspend USDT, DAI and RAI Trading for Canadian Users
17.8.2023
The exchange expanded its services in Canada earlier this week
Breaking: Coinbase to suspend USDT trading for Canadian users
17.8.2023
Users will still be able to deposit and withdraw after the deadline, but trading will be suspended
Tether Stops Support for Bitcoin Layer Omni Citing Lack of Demand
17.8.2023
Stablecoin issuer Tether has announced that it will discontinue support for Omni, a Bitcoin layer that has been used for USDT transfers since 2014
Stablecoin Firm Circle's Chief Strategy Officer Urges Legislation Amidst USDC Market Decline
16.8.2023
Circle is advocating for federal legislation regarding stablecoins amid the volatility in its USD Coin (USDC) after some bank failures earlier this year.
In a recent interview with Bloomberg, Dante Disparte, Circle's Chief Strategy Officer, spoke out against the lack of regulations in...
Chinese man sentenced to 9 months in prison for buying 13K in USDT
14.8.2023
China has been harshly enforcing its crypto ban since the start of the year, cracking down on individuals and projects alike
Latam Insights — Argentine Peso Touches Historic Lows, Tether Dominated the Brazilian Market
14.8.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: The Argentine peso reaches historic lows, Tether’s USDT accounts for more than 80% of the transactions in the Brazilian market, and Binance gets fully...
Victim of 90 ETH exploit set to claw funds back after hacker was blacklisted
12.8.2023
The hacker’s wallet with more than $100K worth of USDT was blacklisted and frozen, while the Victim had been drained for almost $170K worth of NFTs and other assets
Victim of 90 ETH exploit set to claw funds back after hacker was blacklisted
12.8.2023
The hacker’s wallet, with over $100,000 worth of USDT, was blacklisted and frozen, while the victim had been drained of almost $170,000 worth of NFTs and other assets
Paolo Ardoino, CTO of Tether, on $USDT Fud and Tether’s Diversification into Energy | Ep. 255
11.8.2023
In an exclusive interview with cryptonews.com, Paolo Ardoino, CTO of Bitfinex and Tether, talks about Tether ($USDT) FUD, Tether’s Diversification into Energy, and Tether fostering the use of P2P technology....
Read More: Paolo Ardoino, CTO of Tether, on $USDT Fud and Tether’s Diversification into...
Are Reports Linking the 11th Largest BTC Wallet to Tether a Myth? Cryptoquant Analysis Reveals Discrepancies
10.8.2023
In the wake of recent claims that Tether, the company behind leading stablecoin USDT, holds the 11th largest bitcoin (BTC) wallet, Cryptoquant, a blockchain intelligence firm, has expressed skepticism. Citing inconsistencies in onchain data, Cryptoquant has questioned the authenticity of...
Singapore Red Cross Says It Now Accepts Crypto Donations
10.8.2023
Well-wishers who want to financially support the Singapore Red Cross can now do so via crypto donations. All donations are converted into fiat currency within 24 hours after the donation has been made. Benjamin William said his organization has enabled the crypto option for “donors who...
Stablecoin Market Cap To Hit Nearly $3 Trillion By 2028: Bernstein Report
9.8.2023
Private wealth management company Bernstein has projected stablecoins to grow by 2,140% in the next five years with huge developments pouring into the sector.
According to the report, the stablecoin market stands at $125 billion with USD Tether (USDT) and USD Circle (USDC) as leaders but...
Circle Stablecoin CEO Unveils International Dominance: 70% of USDC Adoption Outside US
9.8.2023
In an August 8th tweet, Jeremy Allaire, the CEO of Circle, mentioned that approximately 70% of USD Coin (USDC) adoption originates from countries beyond the United States.
Contrary to the perception of being centered in the US, he noted that much of the adoption of USDC comes from international...
Huobi Receives $200M USDT, $9M Ether From Whale
8.8.2023
Transfers occur as outflows from exchange continue
I Have 1M Questions About the PayPal Stablecoin. Here Are 5
7.8.2023
Global Payment Firm PayPal Launches Crypto Stablecoin – How Does it Work?
7.8.2023
Global digital payments giant PayPal Holdings Inc. is stepping into the stablecoin market.
The fintech behemoth, which was founded more than 25 years ago, is set to become the first major financial institution to launch its own US dollar-backed stablecoin, which will be called PayPal USD (PYUSD)....
Stablecoin Turmoil: $1.53 Billion Redeemed in a Month Amid Declining Trade Volume
7.8.2023
In the brief span from July 12, 2023 to August 6, 2023, the stablecoin economy witnessed a staggering loss exceeding $1.53 billion in value. Among the premier ten stablecoins, Pax’s pax dollar (USDP) experienced a redemption of 39% of its supply over the preceding 30 days. Unstable Times...