Cryptocurrency News
USDT and USDC now account for nearly 50% of the total transaction volume across major crypto assets, highlighting the growing importance of stablecoins in providing liquidity and market stability. USDT and USDC now represent nearly 50% of the total transaction volume among major crypto assets, underscoring the crucial role stablecoins […]
It is fair that many investors are anxious about the security of their money during this period of turbulence and uncertainty in the cryptoƴ market. Uncertainty has surely increased as a result of recent investigations and lawsuits brought against significant cryptocurrency exchanges like BinanceUS and Coinbase by regulatory organizations like […]
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 […]
Another algorithmic stablecoin appears to be in danger of losing its peg following the UST-Terra debacle. Investors are also currently in fear of having to face the same fate as Terra’s UST historical fall. USDD is a stablecoin that runs on TRON’s blockchain and has a similar algorithm to UST […]
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 […]
Crypto winter is upon us, and chances are crypto markets will continue to trade sideways and experience bearish momentum for the next few months. One of the best ways to hedge against the downward trend is to convert your crypto holdings to stablecoins and lock them on yield farming platforms […]
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. […]
Megafanstore is an online business that sells fan and sports articles. The company explores with the Great Branding Company, the UEFA merchandise license partner the potential of offering UEFA products, co-branded products, and other merchandising club products in the Chinese marketplace. Additional offering unique possibilities with 3D avatars for fans, […]
It has been a while since BitPay surprised the cryptocurrency industry. In a new turn of events, the company is looking to step up its commerce game by removing volatility whenever possible. The press release confirms BitPay will begin offering stablecoin payments for both merchants and consumers all over the […]
Most cryptocurrency users are not in this industry for the technology, but rather to make money. Achieving that last part may prove somewhat challenging, especially if one doesn’t like to trade cryptocurrencies back and forth. Cryptocurrency lending platforms have always been rather interesting to keep an eye on in this […]
With all of the alleged Bitfinex – Tether controversy making the rounds once again, the dire need for alternative stablecoins is highlighted. Luckily for traders, numerous of those currencies exist already, albeit none of them seem capable of even rivaling USDT in terms of market cap. Depending on how the […]
For over a decade now, cryptocurrencies have been disrupting legacy finance. Jump started with Bitcoin, crypto markets exploded with CoinMarketCap currently showing 2136 cryptocurrencies. Growth in the number of coins has been fueled by market segmentation with projects catering to specific target audiences. Stablecoins, counting at around 50, seek to […]
Not without an ample dose of skepticism, 2018 can indeed be referred to as the year of the stablecoin. Amid total backlash against Tether, and yet high demand for stable cryptocurrency as a means of settlement, a growing cohort of stable coin solutions were rolled out to the market. These appear […]
There has been a massive influx of stablecoins in the cryptocurrency industry. The purpose of these currencies is very simple: maintain their peg to the US Dollars at all times. Surprisingly, that is a very difficult task for nearly all stablecoins, especially during these volatile times. None of the current […]
At press time, the father of cryptocurrency is back up in the $6,400 range after falling to just over $6,300 during our previous price coverage. As mentioned before, the currency has seemingly found a comfortable spot between $6,300 and $6,500 and hasn’t moved from here for several weeks minus a […]
Since liquidity is arguably the most important element of any exchange, it makes sense that all exchanges desire it. And when volatility is the enemy of liquidity, stablecoins start to gain traction. Yet serious businesses, traders, and consumers at large simply aren’t convinced by stablecoins with shady pasts or questionable […]
Competition among stablecoins continues to heat up in a rather significant manner. In fact, most of these new stablecoins have come to market during the second half of 2018, which creates a rather interesting trend. The following three pegged currencies will all try to make their impact on the crypto […]
Crypto markets are hard to predict. It’s true. It’s doubtful that Satoshi (whoever he or she may be) would have anticipated the 2017 Bitcoin bubble. However, with so much now in play here and an excessive amount of wealth held by crypto whales and institutions, why are we–the majority of […]