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Daily Cryptocurrency Exchange Trade Volume Taps All-Time High, Stablecoin Swaps Dominate
24.5.2021
According to this week’s data, cryptocurrency trade volume touched an all-time high on May 20, reaching $1.76 trillion in reported 24-hour volume. Daily trade volume statistics for Monday have been high, as reported volume from crypto market aggregators shows over $300 billion in 24-hour...
Crypto Markets Lose Billions, Weak Hands Capitulate, Stablecoin Market Surpasses $100 Billion
23.5.2021
Digital currency markets have shed billions once again, as the entire crypto-economy has been cut down from well over $2 trillion to today’s $1.44 trillion market valuation. Bitcoin was coasting along just above the $38k handle before 9 p.m. (EST) yesterday evening but after that point...
Defi Economy Lost $20 Billion This Week, Decentralized Exchange Volumes Still Sky High
20.5.2021
While crypto markets, in general, have been dropping significantly in value, the decentralized finance (defi) economy has shaved more than $21 billion during the last week. Statistics show that the total-value locked (TVL) in defi touched $87 billion on May 11, and since then the aggregate total...
Many Major Stablecoins Take a Brief Plunge Below USD 0.9
19.5.2021
In the vast sea of red currently seen in the crypto market, one section particularly stands out: the sudden and brief drop in a number major stablecoins at approximately the same time, before bouncing back. (Updated at 14:14 UTC with a comment from Tether.)
At 13:30 UTC, major cryptocurrencies...
Mecum Auctions Now Accepts Digital Currency Payments for Collector Cars
18.5.2021
The popular collector car auction company Mecum Auctions has announced the company is now accepting crypto assets for payments. The company says that the new payment acceptance allows the auction firm to “attract new customers and sales.” Collector Car Auctions Giant Plans to Start...
Ethereum’s Q1 Stats Report Highlights Blockchain’s ‘Ultra Sound’ Financial Growth in 2021
17.5.2021
During the first three months of 2021, the cryptocurrency ethereum has shined as 90-day statistics highlight the digital asset has climbed close to 80% in value. On Monday, former Ark Invest analyst James Wang published a detailed summary highlighting the Ethereum project’s first-quarter...
Stablecoin Demand in 2021 Skyrockets, Fiat-Pegged Token Economy Nears $100 Billion
14.5.2021
While most cryptocurrency markets are down today in value, dollar-pegged stablecoins have seen significant demand during the last 24 hours. Currently, the entire market valuation of all the stablecoins in existence is roughly $96 billion. The Rise of Fiat-Pegged Stablecoins Crypto assets like...
Experts Warn of Tighter Policing Ahead for Stablecoins
13.5.2021
It appears that regulatory strife may well be in store for stablecoins, with experts opining that fiat-pegged tokens could fall under the scrutiny of financial policymakers.
Quoted in the Financial Times, John Salmon, the head of the legal firm Hogan Lovells’ blockchain and cryptocurrency division...
Bitcoin bull run won't end 'any time soon' as whale buying hints at new $52K floor
10.5.2021
Funds are ready on exchanges as existing whale behavior suggests that $52,000 is now the floor for Bitcoin
Stablecoins present new dilemmas for regulators as mass adoption looms
9.5.2021
A close look at the policy issues relating to the potential impact of stablecoins on financial systems and economies around the world
Report Finds Argentineans Are Becoming Increasingly Interested in Bitcoin, Ethereum and Stablecoins
7.5.2021
Over a million Argentineans have been buying cryptocurrencies in the last few months, and a pattern has been spotted among them in terms of preferences. A local media outlet unveiled that most of them are decanted to acquire bitcoin and stablecoins. Argentineans Like to Invest in DAI, USDC,...
Glassnode predicts BTC rally as stablecoin supply tags record highs
4.5.2021
Tether, USD Coin, Binance USD, and DAI are now worth more than $78 billion combined
Fed’s Vice Chair for Supervision Calls on Bank Regulators to Pay More Attention to Cryptocurrency
4.5.2021
The Federal Reserve’s top supervisory official has called on bank regulators to pay more attention to cryptocurrencies and stablecoins. His comments followed a number of major banks announcing that they will be offering products based on cryptocurrencies, particularly bitcoin, to their...
Algorithmic Stability: How FRAX Is Developing the Future of Stablecoins
27.4.2021
Part-collateralized, part-algorithmically stabilized stablecoin, FRAX is the world’s first fractional-algorithmic stablecoin. The Frax protocol is ideologically pure, extremely stable, and highly scalable on-chain money that consists of a two-token system. The stablecoin Frax (FRAX), and...
Solana (SOL) hits new highs as DApps, DeFi and stablecoins join the network
22.4.2021
Solana price is pushing toward new highs as an increasing number of DApps, DeFi projects and stablecoins build platforms on the network
China Calls Bitcoin and Stablecoins ‘Investment Alternatives’ for the First Time Since Crypto Crackdown
20.4.2021
After the well-known crypto crackdown launched by the Chinese government four years ago, it seems there is now a change in the tone from the country’s central bank. At least that’s what has been suggested recently by the deputy governor of the People’s Bank of China (PBoC)....
A nightmare on Stable Street: Centralized stablecoins may be doomed
18.4.2021
Central banks are paying very close attention to stablecoins, seeking to control them — and decentralization may be the solution
Kenyan Fintech Startup to Use Stablecoins to Transfer Universal Basic Income Payments to African Refugees
17.4.2021
Kotani Pay, a Kenya based digital currency on and off-ramp service provider, has entered into an agreement wherein it will enable the transfer of universal basic income (UBI) payments to African refugees. Working in conjunction with the Refugee Integration Organisation (RIO) and Impact Market,...
You can’t talk about blockchain and not bring up CBDCs and stablecoins
17.4.2021
Economies are currently experiencing the development of brand new ideas around CBDCs, stablecoins or private digital currencies
USDT, USDC, and BUSD represent 93% of stablecoin market cap
13.4.2021
The three largest stablecoins represent a combined capitalization of $60 billion