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Despite Overcollateralized Reserve, Tron’s USDD Stablecoin Slips to $0.974 per Token
14.6.2022
Following the crypto market carnage on Monday, the following day crypto prices have shown some improvement. However, Tron’s stablecoin USDD has once again dropped to $0.974 per unit, indicating a small amount of instability continues to plague the fiat-pegged token. The dip to $0.97 follows...
Illicit crypto usage as a percent of total usage has fallen: Report
14.6.2022
A rapidly growing crypto market means that hacks and scams are accounting for less overall activity, and their percentage of total usage continues to decline
Almost $100M exits US crypto funds in anticipation of hawkish monetary policy
14.6.2022
“What has pushed Bitcoin into a “crypto winter” over the last six months can by and large be explained as a direct result of an increasingly hawkish rhetoric from the US Federal Reserve,” CoinShares wrote
Crypto Lending Company Blockfi Cuts Staff by 20%
13.6.2022
On Monday, the cryptocurrency lending company Blockfi announced that “market conditions” have had a “negative impact” on the firm’s business and it will be laying off “roughly 20%” of its staff. The message written by Blockfi co-founders Zac Prince...
Tron’s Stablecoin USDD Falls to $0.97, USDC Deployed to Defend the $1 Parity
13.6.2022
After the Terra UST fallout and the current crypto market volatility, many eyes have been focused on the Tron-based algorithmic stablecoin USDD. On June 13, the crypto asset tron (TRX) dropped significantly in value and Tron’s founder Justin Sun spoke about traders shorting the digital...
Top NFT Collections See Price Crash Amid Crypto Market Panic
13.6.2022
The floor prices of some of the top non-fungible token (NFT) collections are crashing in the market, both in ethereum (ETH) and US dollar terms.
The crash in NFT floor prices has accelerated over the past week for all three of today’s top NFT collections by trading volume; Bored Ape Yacht Club...
Crypto Market Cap Falls Below $1T for First Time Since Early 2021
13.6.2022
Bitcoin lost some 13% of its value in the past 24 hours
Desperate Celsius Users Face Liquidations as Crypto Market Tanks, Solvency Debate Begins
13.6.2022
Some users of Celsius (CEL), a troubled major crypto lender, are facing liquidations of their trading positions as the crypto market crashes and industry players discuss (in)solvency of Celsius and chances to sue the company.
To make things worse, the company has also suspended withdrawals...
Bitcoin passes $23.8K May low as crypto market cap drops under $1 trillion
13.6.2022
The crypto sell-off is in full swing and Wall Street has not even opened yet
EU Nears Agreement on Crypto Regulations, Report Reveals
12.6.2022
Authorities in the EU are moving closer to a deal on a legislative package tailored to comprehensively regulate the crypto market and related activities in Europe. According a media report, an agreement on the key legislation is likely to be reached as early as this month. Deal on EU Crypto...
Meme Token King Dogecoin Lost 91% in Value Since Last Year’s High, DOGE Mining Revenue Plummets
12.6.2022
After a prominent rise last year, 2022 has not been too kind to the top meme coin asset dogecoin. Currently, the father of the meme coin economy, dogecoin, has lost 91% in value since the crypto asset’s all-time high. Despite the drop, dogecoin is still a top ten contender among the largest...
The total crypto market cap drops under $1.2T, but data show traders are less inclined to sell
11.6.2022
An improving Tether discount in Asian markets and positive futures premiums for BTC and ETH suggest a slight recovery is in the making
Defi Platforms and Smart Contract Tokens Suffer the Most During the Crypto Market Rout
11.6.2022
While the crypto economy has dropped lower in value against the U.S. dollar, sliding to just under $1.2 trillion, the value of decentralized finance (defi) protocols and smart contract tokens has suffered a great deal. Statistics show that the total value locked in defi has dropped 7.96% since...
Biggest Movers: XTZ and LINK Surge to 1-Month Highs on Thursday
9.6.2022
Despite the crypto market trading lower today, Tezos and LINK both rose to one-month highs on Thursday. XTZ was up by 8.5% during today’s session, whilst LINK rose by nearly 9% in the day. Overall, the global crypto market cap is down 0.55% as of writing. Chainlink (LINK) LINK continued...
Virtu Sees Crypto Market-Making Opportunity, Has Little Confidence in Incumbents, CEO Says
9.6.2022
Virtu Financial's CEO said he's positive on building a crypto marketplace with Citadel
Blockchain Games Strongest Category Amid Crypto Market Downturn
8.6.2022
Blockchain games is the category within crypto that has resisted the industry downturn the most, with activity still being up 197% year-over-year, DappRadar’s Industry Report for May shows.
The sector’s resilience is clear despite a drop in the number of game transactions of 5% in May compared...
Citi Says Crypto Market Volatility Has Affected User Adoption
8.6.2022
Concerns about stablecoins following UST’s collapse have exacerbated declines in digital asset prices, the bank said
Kazakhstan’s central bank ‘isn’t going to ignore’ the crypto market
7.6.2022
According to the chairman, the central bank will decide on implementing its own digital currency by the end of 2022
Avalanche price eyes 30% jump in June with AVAX's classic bullish reversal pattern
6.6.2022
But AVAX price is also forming a potential descending triangle that can spoil the upside chances
Bitcoin Ends Record-Long Losing Streak, BTC Inflows Grow, Ethereum Sees Outflows
6.6.2022
As bitcoin (BTC) ended a 9-week-long losing streak on Sunday, when a green weekly candle finally appeared on the bitcoin chart. The positive weekly close kicked off a green start of the new week on Monday, with gains across the board in the crypto market....
Read More: Bitcoin Ends Record-Long...