Cryptocurrency News
The crypto market is witnessing a surge in buying power as USDT netflow hits an unprecedented $1.8 billion. This influx of stablecoins typically signals increased market activity and often drives demand for Bitcoin and other cryptocurrencies. USDT netflow just hit a record $1.8B, which means there’s a lot of buying […]
Recent transactions show that Sun Ge’s team has moved the last 175.7 million TUSD from their Ethereum holdings to HTX, with a total of 392.3 million TUSD transferred to the exchange over the past two days. This raises concerns about the future of the stablecoin, with many suggesting that TUSD […]
Sun Ge, known for his significant crypto movements, recently transferred 18 million TUSD coins from his wallet (0x9FC…c19Fe) to a new address. This action follows the U.S. Securities and Exchange Commission’s (SEC) settlement announcement with TrueCoin LLC and TrustToken Inc., companies involved with the TUSD stablecoin. The settlement involved a […]
USDT holdings on cryptocurrency exchanges have been climbing, hinting at a potential wave of buying pressure in the market. According to data from IntoTheBlock, $300 million worth of stablecoins flowed into exchanges yesterday, suggesting that investors may be positioning themselves to capitalize on the recent market dip. $300 million worth […]
TrueUSD (TUSD) experienced a significant depreciation, dropping to as low as 97 cents, triggered by reports of traders liquidating over $300 million worth of the stablecoin, according to data from Binance. Binance’s announcement on January 15 about farming $MANTA by staking $BNB and $FDUSD, excluding $TUSD, played a pivotal role […]
Tether and controversy have gone hand in hand over the past year, and other stablecoins are capitalizing on it. Huobi has announced that it will list four new stablecoins, just a day after OKEx announced a similar move. The four, all of whom are pegged to the U.S dollar will […]
Competition is heating up among stablecoins in the cryptocurrency industry. On paper, that is a good thing, as it shows the demand for tokenized fiat currencies is growing. TrueUSD, also known as TUSD, is slowly gaining ground in this regard. This popular asset can be traded on a fair few exchanges. […]