Category: Stablecoins
Tether Holdings Q1 Earnings Increases, Reserves Also Shoot Up
The first quarter of 2023 was a huge win for Tether Holdings, the USDT stablecoin issuer, as the firm reportedly withdrew $4.5 billion from banks…
Estonia Regulator Closes 400 Crypto Firms Following New Laws
In March 2023, Estonia implemented stringent regulations to prevent terrorism financing and money laundering. Since then, the country has seen close to 400 virtual asset…
Data Suggests A Surging Interest In MemeCoins On BRC-20 Network
The meme coin sees increased activities on the Bitcoin BRC-20 network, with many transitioning to the new standard. The latest trend indicates a growing craze…
A Beginner’s Guide to Tokenomics
The distribution of tokens is a crucial part of every cryptocurrency project since it decides who gets tokens and the manner in which they get…
All You Need To Know About Altcoins
Alrcoins are recently gaining a lot of momentum in cryptocurrency, but what are they? Why are they rising these days? Keep reading this guide to…
G7 Countries Are Set To Work On Strict Cryptocurrency Regulations
The Group of Seven (G7), including the top economies of the world like the US, the UK, the European Union, France, Japan, Canada, and Germany,…
Hex Trust Says Institutions In Asia Have No Interest In Liquid Staking
The digital tokens specified for liquid staking have seen a rally following the harsh actions taken by the United States Securities and Exchange Commission (SEC)…
Private Bill Introduced By Australian Senator Aims To Fast-Track Crypto Regulation
The Australian Parliament has been presented with an innovative and essential piece of legislation that proposes to govern the crypto industry in the country. Senator…
Crypto Has No Fundamental Value – US 2023 Economic Report
In its 2023 economic report, the US White House presented several arguments against crypto assets. The White House asserted that they are primarily speculative investment…
Bitget Acquires $30 Million Stake In BitKeep
Bitget, a crypto exchange headquartered in Seychelles, has acquired a controlling stake in the decentralized multi-chain wallet firm, BitKeep, by investing $30 million in its…
Mastercard Partners With Stables To Help Users In APAC Spend Stablecoins
Mastercard, a global payment platform, recently announced a partnership with Stables, an Australian stablecoin firm, to integrate their digital wallet with Mastercard’s international payment services….
Tether Mints Over $1B USDT On The Tron Network As USDT Dominates Stablecoin Market
Following the billions of USDT minted over the past week, Tether, a stablecoin issuer, has minted USDT stablecoins worth $1 billion on the TRON network….
OKX To Close Canadian Operations By June 2023
In recent years, the cryptocurrency sector has been subjected to a wave of legislative reforms, which has caused several cryptocurrency companies to reevaluate their business…
US Banking Crisis Spurs 15% Increase In Crypto App Downloads
The US Banks crisis has been dragging on for months with no end. As the crisis continues to affect the US economy, people are looking…
KuCoin Spearheads A $10 Million Funding Round For The Issuer Of Yuan-pegged Stablecoin
The investment division of a prominent crypto exchange, KuCoin, is taking steps to endorse the stablecoin projects by supporting a stablecoin issuer pegged to the…
MEV Rewards Via Ethereum Records A New All-Time High
The recent collapse of SVB and its implications for the cryptocurrency industry have caused validators running the ETH network to experience a substantial surge in…
Stablecoin Redemption Begins As 314 Million USDC Moves To Unknown Wallet
The crypto industry is on the verge of recovering from the stablecoin dollar incident that has rocked the USD Coin (USDC) token. Per the Web3…
Coinbase Resumes USDC Conversion As The Stablecoin Almost Regains Its Peg
Coinbase has announced the resumption of USDC to USD conversion as the crypto market returns to normalcy after a weekend of high volatility. According to…
Rising Bank Fear Spurs Binance To Convert $1B Funds To Cryptocurrencies
The news that Binance has turned over the rest of its $1B Industry Recovery Initiative into cryptocurrencies has sent shockwaves throughout the financial world. It’s…
US Fed To Set Up New Crypto Team As Concerns About Stablecoins Rise
An official from the US Fed has announced that the central bank intends to create a “team of experts” to stay abreast of the latest…
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