Category: Stablecoin News
Algorithmic stablecoin protocol Malt has unveiled a plan to reimburse investors affected by bugs that hampered its launch and locked in liquidity providers.
The post Malt Protocol Details Failed Stablecoin Reimbursement Plan appeared first on BeInCrypto.
As the market capitalization of stablecoins surpassed $100 billion in May, regulators are growing increasingly concerned about the risks they pose.
The post Regulators Growing Concerned Over Stablecoin Risks appeared first on BeInCrypto.
Jun 12, 2021 | Bitcoin Price, BTCBRL, BTCBUSD, BTCDAI, BTCEUR, BTCGBP, BTCJPY, BTCKRW, BTCMXN, BTCNGN, BTCPAX, BTCRUB, BTCTRY, BTCTUSD, btcusd, BTCUSDC, BTCUSDT, BTCXRP, BTCZAR, Crypto News, Exchange inflow, News, Stablecoin News, Tether, USDT
The crypto market is currently in a consolidation phase as bearish sentiments are dominant ever since last month’s market correction. Over the past 24-hours, the crypto market has lost 4% of its market cap which dipped below $1.5 trillion for a brief period. Key on-chain metrics and market indicators suggest the crypto market is going
The post USDT Exchange Inflows Reach 5-Month Low, Is Market Gearing Up for Another Dip? appeared first on Coingape.
The central banks of France and Switzerland have joined hands to launch the cross-border commercial trials for CBDC. Both central banks have partnered with several commercial banks including UBS Group AG, Credit Suisse Group AG, Accenture Plc, and Natixis SA to test the central bank digital currencies. The collaborative effort was launched under the innovation
The post Breaking: France and Switzerland Launches Cross-Border CBDC Trials appeared first on Coingape.
The Chinese city of Shanghai would airdrop 19.25 million digital yuan equivalent to USD 3 million via a lottery system as per the Information Office of Shanghai Municipality. The Chinese CBDC is currently being tested across the country at various levels after its development was completed in 2019. A total of 350,000 digital red envelopes,
Derivative exchanges registered a massive outflow of $1.69 billion in stablecoin in a rare occurrence. A net outflow of such high magnitude is often seen as a bearish signal as analysts believe traders relocate their stablecoins in anticipation of a possible market correction. Traders often go for high leverage trade during bull runs and data
The post Derivative Exchanges See $1.69B Stablecoin Outflow, Are Whales Moving to OTC Desks? appeared first on Coingape.
Bank of Japan Governor Haruhiko Kuroda has joined the ranks of many central bankers denouncing bitcoin but admits there is potential in stablecoins.
The post Bank of Japan Embracing Stablecoins Potential but Still Wary of Crypto appeared first on BeInCrypto.
PayPal’s VP of blockchain and cryptocurrencies said that the platform would soon let users withdraw crypto from the platform into external wallets.
The post PayPal to Allow Crypto Withdrawals to External Wallets appeared first on BeInCrypto.
May 25, 2021 | Bitcoin News, BTCBRL, BTCBUSD, BTCDAI, BTCEUR, BTCGBP, BTCJPY, BTCKRW, BTCMXN, BTCNGN, BTCPAX, BTCRUB, BTCTRY, BTCTUSD, btcusd, BTCUSDC, BTCUSDT, BTCXRP, BTCZAR, Crypto News, Jim Cramer, News, Stablecoin News, Tether, Tether Bitcoin, Tether FUD, USDT
The Bitcoin bull market this season is currently undergoing through ‘FUD-Phase’ where a series of FUDs have hit the market one after the other, many of which has already been debunked. After Bitcoin mining energy consumption FUD and China Bitcoin ban, it seems the long-running Tether FUD can make an entry. Jim Cramer, the founder
The post Is Tether FUD Next, after China Bitcoin Ban and Bitcoin Mining Energy FUD? appeared first on Coingape.
The Russian Central Bank today announced the trials of National CBDC or Digital Rouble from 2022. The announcement was made by the head of the central bank Elvira Nabiullina, This comes as the second major news from Russia today after the State Duma approved crypto as a form of payment under a contractual basis. RUSSIA’S
The post Russia Set to Start Digital Rouble Trials From 2022 appeared first on Coingape.
Stablecoins like Tether (USDT) and USD Coin (USDC) are still growing despite a large-scale cryptocurrency market downturn.
The post Tether and USDC Hit Milestones as Stablecoin Growth Continues appeared first on BeInCrypto.
The world’s highest market cap stablecoin, Tether (USDT), has announced that it will be available on the Avalanche network.
The post Tether to Launch on High-Speed Avalanche Blockchain appeared first on BeInCrypto.
There’s always a light at the end of the tunnel and so it has been for the Facebook Diem project, formerly Libra! On Wednesday, May 12, Facebook’s digital currency group Diem Association announced the launch of its USD-pegged stablecoin dubbed Diem USD. After going back and forth, facing major regulatory walls, making multiple tweaks. Facebook
The post Facebook’s Diem Enters Crypto Space With Diem USD Stablecoin appeared first on Coingape.
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