Cryptocurrency News
Amidst the ongoing bullish season in the cryptocurrency market, there has been a surge in inflows, particularly with stablecoins flowing into exchanges, as per recent reports. According to insights from Lookonchain, a significant whale has re-entered the crypto market, initiating substantial fund injections. Over the past 26 hours alone, this […]
Recent data from intotheblock’s perspective dashboard sheds light on the stablecoin landscape within the collateralized debt positions (CDP) ecosystem. Thereby, showcasing DAI’s prominent position as the leading stablecoin with the largest number of holders. In the realm of DeFi’s collateralized debt positions, users utilize blockchain-based smart contracts and various cryptocurrencies […]
The aggregate stablecoin supply has witnessed significant expansion since October 2023, experiencing a notable monthly increase of $4.17 billion in December—an unprecedented surge not seen since March 2022. This surge has propelled the current market capitalization of all stablecoins to an impressive $128 billion. Since Oct 2023, the Aggregate Stablecoin […]
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 […]
In a significant stride towards embracing innovative digital currency solutions, Nigeria is gearing up for the launch of the compliant Nigeria Naira (cNGN) stablecoin. This will launch on February 27, 2024, as announced by the Africa Stablecoin Consortium (ASC). Comprising fintechs, financial institutions, and blockchain professionals in Nigeria, the consortium […]
Tether (USDT), the world’s most prominent stablecoin, is making waves in the cryptocurrency market once again, and this time it’s the large USDT holders, often referred to as “whales,” who are taking center stage. Recent events have seen Tether’s top 10 largest wallets accumulating USDT at a rapid pace, resulting […]
In recent weeks, Tether (USDT), the world’s largest stablecoin, has shown remarkable resilience and heightened activity on the blockchain. The surge in onchain activity and accumulation of USDT in specific wallet categories signal growing interest and confidence in the stablecoin. Active USDT Addresses Hits New High Active addresses for USDT […]
Recent information suggests that both sharks (experienced traders with large capital) and whales (entities with substantial cryptocurrency holdings) are closely observing the price range of Bitcoin, specifically in the $30k to $31k range. This indicates that these market participants are interested in this particular price level and are likely assessing […]
HAY, a BNB-Powered Overcollateralized Stablecoin, Is Set to Launch and Disrupt the DeFi ecosystem. British Virgin Islands – Helio has announced the upcoming launch of HAY, a stablecoin over-collateralized by BNB pegged to USD. Because it is powered by the BNB chain, HAY is poised to become one of the market’s […]
Imagine waking up and finding out that you’ve lost over 60% of your supposed savings. Last month, Investors lost more than 99% of their savings in the UST-LUNA collapse, which shook the entire Crypto space. Over $800 million worth of cryptocurrency long positions were liquidated in one day. This is […]
As cryptocurrency markets continue to trade sideways this weekend, quite a few coins are seeing double digits price gains. Today’s biggest gainer is Venus (XVS), rising over 27% in the past 24 hours, ranking it the biggest gainer on Crypto.com. What Is Venus cryptocurrency, and why is the XVS price […]
There are many different opinions on what stablecoins bring to the table in the cryptocurrency industry. Current statistics confirm the popularity of these assets, and they also create a lot of on-chain volume. There are many different stablecoins in the cryptocurrency industry today. Different Stablecoins for Different Purposes Despite the […]
The global economy is facing an unprecedented meltdown. No part of the global economy has been left unscathed by the COVID-19 pandemic. While most financial markets have been facing weeks of a meltdown, some asset classes have grown due to the crisis. One of these asset classes is USD-backed stablecoins. […]
Ever since Facebook announced the Libra, there have been numerous concerns regarding the project. It now appears that some changes may be in order after all. In theory, the Libra is designed to be a digital currency. The Libra Saga Becomes Complex It is pegged to a basket of reserve […]
The decentralized finance segment continues to fire on all cylinders. DAI lending has always been lucrative yet it appears that the deposit rates will only go higher from here on out. It is uncanny how stablecoins can yield extremely high interest rates in DeFi. The DeFi Interest Rates Continue to […]
Stablecoins continue to generate a fair few headlines. Binance has indicated it aims to launch potentially multiple of those currencies in the coming years. Before the company can do so, it needs regulatory approval. Another Stablecoin Enters the Market Regarding its USD-backed stablecoin, that approval is now in the pocket. […]
The year 2019 is slowly becoming the era of stablecoins. It appears a new type of currency will be issued in the Tezos blockchain, called USDTZ. The demand for stablecoins is not slowing down in the cryptocurrency industry. USDTZ is an Interesting Type of Stablecoin So far, not one project […]
Stablecoins have taken over a significant portion of the cryptocurrency landscape. The team behind Dai is looking to shake things up significantly, with a rather unexpected approach. Dai has quickly become a popular stablecoin, primarily due to some investment platforms offering very high interest rates. A new era for the […]