Cryptocurrency News
November has seen a notable uptick in stablecoin netflows into derivative exchanges, indicating that traders are preparing for leveraged positions. This shift points to a growing appetite for risk-taking in the crypto market. In November, a surge in stablecoin netflows into derivative exchanges reveals traders are gearing up for leveraged […]
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 […]
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 […]
In a significant move, two Secure Asset Fund for Users (SAFU) wallets belonging to Binance have initiated the transfer of assets totaling $1.75 billion in Bitcoin (BTC) and Binance Coin (BNB) to the exchange’s Hot Wallets within the past hour. The transfer includes: – 16,277 BTC, equivalent to approximately $1 […]
Recent on-chain reports reveal significant activity in the Ethereum ecosystem, with Ethereum ICO participant 0xc33/0xe6d making a notable sale of 2,000 ETH for 5.995M USDC at an average price of $2,997 over the past few hours. This participant, who received 33,213 ETH during the Ethereum Genesis ICO on July 30, […]
Visa, the global payment giant, has made an exciting stride by extending its utilization of USDC stablecoin for settlement payments onto the Solana blockchain. This strategic move signifies Visa’s commitment to harnessing blockchain technology’s potential in the realm of payments. Why Solana? Solana stands out as a high-performance blockchain renowned […]
The growing popularity of stablecoins is slowly causing a major shift to occur. The first of these assets has now found a use outside of the cryptocurrency industry as well. The USDC stablecoin will now be accepted for tax payments in Bermuda. Although this is still a niche use case, […]
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 […]
In a press release today, Bitpay – the largest bitcoin payment provider – announced that they are now supporting settlement in two more currencies: Circle (USD) Coin, and Gemini (US) Dollar. The decision to add settlement in stablecoins makes perfect sense during these volatile periods. It allows merchants to avoid […]