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USDT market share jumps amid economic uncertainty, USDC shrinks
28.5.2023
Over the past year, Circle's USD Coin has seen its market share decline from 34.88% to 23.05%. Tether's USDT shows a contrasting picture
‘Weaponization Project of the Dollar’: Asian Countries Talk De-Dollarization; Jim Rogers Says USD’s Time ‘Coming to an End,’ and More — Week in Review
28.5.2023
The future fate of the U.S. dollar continues to dominate financial news, as investor Jim Rogers says the USD’s time is “coming to an end,” and nine Asian countries have been discussing de-dollarization measures in Iran. In other news, an expert has predicted that the price of gold...
Stably to deliver USD-supported stablecoin Stably USD
26.5.2023
Stably, which is a top stablecoin as a service (SCaaS) and flat on-and-off framework provider in terms of Web3 projects, is coming out with its USD-supported stablecoin going by the name of Stably USD. It will be playing the role of a conventionally released BRC20 token having the symbol of #USD....
Circle Expands Euro-Pegged Stablecoin to Avalanche Blockchain
26.5.2023
On Thursday, the stablecoin issuer Circle Financial announced that the euro-pegged crypto asset EUROC is expanding natively on the Avalanche (AVAX) blockchain. According to Circle, several decentralized finance (defi) protocols and projects are supporting the new AVAX-issued EUROC asset....
Binance denies fund mismanagement allegations, calls it ‘conspiracy theory’
23.5.2023
A mainstream report citing multiple insiders claimed that Binance mingled customer's funds with corporate funds at Silvergate Bank
TON Foundation launches Accelerator Fund worth $250 million
23.5.2023
TON, short for The Open Network, has launched an Accelerator Fund worth $250 million with the objective of promoting and incentivizing developments on the network. The goal is also to attract new developers to the ecosystem, facilitating innovation on the layer-1 blockchain. Interested developers...
Strike announces to integrate Tether (USD₮)
23.5.2023
Strike has announced its plans to integrate Tether (USD₮) in the days to come. This marks a significant development in the crypto industry, for users will be able to witness a widespread adoption of stablecoin on the network. Making this announcement stronger is the shared vision of Strike...
Nobel Prize Laureate Paul Krugman Warns of Disruption in Financial Markets Without US Dollar
23.5.2023
Nobel Prize-winning economist Paul Krugman says that no currency can play the role of the U.S. dollar. Commenting on the de-dollarization trend and the possible U.S. default, he emphasized that without the USD, “financial markets will be disrupted by the lack of any safe, liquid asset.” Economist...
Why is Bitcoin price stuck?
22.5.2023
Bitcoin is a volatile asset but BTC price can get stuck inside narrow trading ranges for week, if not months for multiple reasons
DigiToads raised over $3.5M, while Solana & Near Protocol corrects
21.5.2023
The cryptocurrency market is known for its volatility, where prices can soar to unimaginable heights or plummet unexpectedly. This has recently been the case for prominent cryptocurrencies Solana (SOL) and Near Protocol (NEAR), as their values have experienced a downward trend. However, amidst...
Renowned Investor Jim Rogers Warns US Dollar’s Time ‘Coming to an End’ as Countries Seek Alternatives
21.5.2023
Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, says the U.S. dollar’s time is coming to an end as more countries are seeking alternatives to the USD. “Many friends of America are moving, trying to find something to compete with...
Tether’s value reaches an almost record $84 billion
19.5.2023
Tether, which is more popularly known as USDT, is moving slowly and steadily towards achieving a record-breaking high of $84 billion in terms of its market capitalization. Through this, it has gone way ahead of its closest competition, USDC. What actually goes to its credit is the fact that in...
Stablecoin survival: Navigating the future amid global de-dollarization
19.5.2023
The stablecoins with the largest market cap are pegged to the U.S. dollar, so what risk does de-dollarization pose to stablecoin users?
Venezuela’s President Declares Inevitable Shift Away From US Dollar in De-Dollarization Push
19.5.2023
Venezuelan President Nicolas Maduro has announced that Venezuela will shift away from using U.S. dollars in trade, emphasizing that the de-dollarization process is “inevitable.” He described: “This is the path of Venezuela and the path of a free economy where currencies are not used...
$310M Losses From Liquidations: Will Crypto Market Recover?
18.5.2023
In a surprising turn of events, the crypto markets took a sudden tumble, wiping out the gains achieved over the past 24 hours in less than an hour. The CoinDesk Market Index (CMI), which provides an overview of the broader crypto market, experienced a staggering 5.6% decline within 60 minutes....
New survey says Bitcoin is safer than the US dollar — Watch The Market Report
17.5.2023
On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses if Bitcoin is safer than the U.S. dollar, considering the impending risk of debt default
US Dollar’s Importance Declining in International Transactions and as Reserve Currency, Economist Says
17.5.2023
A Canadian economist and professor at the University of British Columbia says the role of the U.S. dollar in international trade and as a reserve currency has been declining. “Other currencies have been getting more important in international transactions and as reserve currencies,” he stressed....
Animoca Brands now supports the $10 million Global Educators Fund
16.5.2023
Yat Siu, the Chairman of Animoca Brands, has announced that the venture is now a part of the $10 million Global Educators Fund. Animoca Brands gets on board with the intention to contribute to the fund along with other partners, including, but not limited to, GEMS Education, TinyTap, and Dalton...
Zimbabwe sells millions of gold-backed crypto tokens despite IMF warning
15.5.2023
The Reserve Bank of Zimbabwe’s first gold-backed cryptocurrency sale has been a success
Exness sees a cyclical downfall in April, sustains the $3T mark in trading volume
12.5.2023
Exness, a retail brokerage firm, has published its numbers for April 2023, revealing that it was able to sustain the mark of $3 trillion in terms of trading volume. It is significant that the brokerage firm was able to sustain the milestone mainly because it registered a fall in the trading volume...