Search
Most Bitcoin Use Happens During European and US Business Hours
28.7.2022
Most of the activity on the Bitcoin (BTC) network now happens during European and US business hours, with a notable drop in the share of activity happening during Asian hours, a new report from the crypto analytics firm Coin Metrics has found.
Judging from the findings in the report, use of...
Bitfinex to Donate $1.3 Million Worth of BTC and USDT to Communities in El Salvador
15.7.2022
The crypto exchange Bitfinex announced on Thursday that the trading platform plans to donate 36 bitcoin and $600K worth of tether tokens to help bolster communities and small businesses located in El Salvador. According to Bitfinex, the funds will initially target small businesses in Salvadoran...
Tether Liquidates Celsius Bitcoin Loan — ‘Position Has Been Liquidated With No Losses’ to the Company
9.7.2022
On July 8, 2022, the company behind the largest stablecoin in the world, Tether, revealed that the firm liquidated a loan made to the crypto lender Celsius, and the liquidation caused “no losses to Tether.” According to the stablecoin issuer, the bitcoin loan to Celsius...
Beijing Court Rules in Case Involving a Man Who Refused to Be Paid in USDT Instead of Fiat
7.7.2022
A Chinese tech worker who refused to be paid in tether (USDT) and insisted on receiving fiat yuan has won his case against his former employers.
Per the Workers’ Daily, a branch of the People’s Court in the Chaoyang District of Beijing heard a civil case involving a now-defunct IT company and...
Circle's USDC on track to topple Tether USDT as the top stablecoin in 2022
5.7.2022
The USDT-to-USDC market cap ratio fell to its lowest ever in July 2022
Circle Denies USDC Trouble Rumors, Tether Supply Still Elevated on Curve
4.7.2022
Circle, the US-based payments company that issues the stablecoin USD coin (USDC), has denied that it is facing any sort of difficulty in maintaining the coin’s US dollar peg. Meanwhile, the supply of tether (USDT) coins on one of the most used stablecoin liquidity pools remains elevated....
Read...
Tether Launches GBP-pegged Stablecoin, Supports UK Plan to Become ‘Cryptoasset Hub’
22.6.2022
The stablecoin issuer Tether, known as the company behind the world’s largest stablecoin USDT, on Wednesday announced the launch of a new stablecoin pegged to the British pound.
The pound-pegged coin is called GBP₮ (GBPT), and will initially live on the Ethereum (ETH) blockchain, Tether’s...
The Number of Tethers in Circulation Dropped by Over 12 Billion in 2 Months, USDC Grew by 9%
17.6.2022
During the last two months, the stablecoin tether has been one of the most traded crypto assets swapped against a myriad of digital currencies. 66 days ago on April 11, 2022, tether’s market valuation was over $82 billion with 82,694,361,442 tethers in circulation. Since then, more than...
Tether deploys new USDT token on the Tezos blockchain
9.6.2022
The asset will also be available on twelve other networks, including Ethereum, Solana and Polkadot, among others
Japan Adopts Legislation Establishing Legal Framework for Stablecoins
3.6.2022
The parliament of Japan has approved a draft law tailored to regulate stablecoins in the country and protect investors. The new legislation is among the first to be introduced after the recent collapse of the algorithmic stablecoin terrausd. Law on Stablecoins Approved in Japan in Aftermath of...
These are the least 'stable' stablecoins not named TerraUSD
2.6.2022
Some stablecoins have failed to deliver the dollar's stability to crypto traders long before TerraUSD's collapse
Bitcoin Miners Under 'Stress', Euro's Purchasing Power Wanes, Fidelity Beyond BTC + More News
31.5.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
__________...
Read More: Bitcoin Miners Under 'Stress', Euro's Purchasing Power Wanes, Fidelity Beyond BTC + More News
Circle to Issue Weekly USDC Reserve Reports — Tether Publishes May 2022 Assurance Report
22.5.2022
The co-founder and CEO of Circle, Jeremy Allaire, has announced the cryptocurrency firm that issues the stablecoin usd coin plans to provide the public with weekly stablecoin reserve reports. Additionally, the company Tether has also released an assurance report on its stablecoin reserves via...
Stablecoin supplies and cash reserves in question amid crypto exodus
17.5.2022
The fallout from Terra’s collapse continues as outflows from Tether (USDT) hit an average of $1.1 billion a day over the past week
Circle Says USDC Reserve Backed Entirely in Cash and Short-Dated US Treasuries
16.5.2022
On May 13, Circle’s chief financial officer Jeremy Fox-Geen published a blog post called “How to Be Stable,” following the aftermath of Terra’s stablecoin implosion. Circle’s CFO explained that since usd coin’s inception, the stablecoin aims to...
Small-cap Stablecoins Struggle to Maintain Peg as Crypto Market Crashes
12.5.2022
Some smaller-cap stablecoins are struggling to maintain their targeted peg, which is mainly USD 1, amid a huge bloodbath in crypto that has wiped off billions from the market.
The development follows a depeg seen by Terra (LUNA)'s decentralized stablecoin UST, which seems to have placed...
Market Panic Puts Tether Peg Under Pressure
12.5.2022
A panic across the crypto market early Thursday morning in Europe put the stablecoin tether (USDT)’s US dollar peg under pressure, with the token trading as low as USD 0.91 on some exchanges. The crash has led some to wonder why arbitrage traders don’t seem to want “free money.”...
Read More:...
Luna Foundation to Lend $1.5 Billion in Bitcoin and UST to Market Makers — Plan Aims to Protect Stablecoin’s $1 Parity
9.5.2022
As crypto markets continue to slide in value, concerns about the algorithmic stablecoin terrausd (UST) losing its $1 parity have swelled in recent times. Two days ago on May 7, 2022, UST dipped down to $0.985 per unit against tether (USDT), and the stablecoin’s price drop invoked a great...
Report: Afghans Use Crypto to Curb Taliban’s Influence on Their Financial Well-Being
26.4.2022
Afghan residents are reportedly acquiring digital assets that they use to preserve their savings and to diminish the ruling Taliban’s ability to affect their financial well-being. Since the militant group seized control, the value of crypto transactions per week has in some cases doubled,...
Terra’s Algorithmic Dollar-Pegged Crypto UST Is Now the Third-Largest Stablecoin
18.4.2022
The algorithmic stablecoin stemming from the Terra (LUNA) network has become the third-largest stablecoin token in terms of market capitalization at $17.54 billion. As of today, UST’s market capitalization has surpassed the BSC-based stablecoin BUSD by more than $67 million. Stablecoin...