WMA: The Bears Stand Their Ground as Bitcoin and the Altcoins Fail to Recover

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $1,525 trillion. Bitcoin is up by roughly 6% after a turbulent week. Ethereum is up by more than 23% over the past seven days. XRP has increased by 22% over the week. Binance Coin and Cardano benefit from value boosts north of 30% The DeFi sector gained almost $7 billion in total value protocols…

Bitfinex and Tether Agrees $18.5M Settlement Fee with NYAG

Bitfinex and Tether have settled the legal dispute with the New York Attorney General Office (NYAG) that began in 2019. As part of the settlement, the crypto firms have agreed to pay $18.5 million to the New York state regulator.  End To A Protracted Legal Dispute The New York Attorney General Office revealed the settlement agreement in a statement released today. The lengthy report highlighted the entire legal dispute process that began in 2019. In April 2019, the NYAG office charged…

DOT Hits New Record As Polkadot Unveils Roadmap

The native token of blockchain project Polkadot is enjoying a bull run and recently hit an all-time high. This is after the project updated its roadmap earlier in the week in its quest towards adoption.  Polkadot DOT Breaks all-time High. Polkadot has gained momentum since the start of 2021, with its native token DOT increasing in value. DOT reached $31.89 in the early hours of today, a new all-time high for the coin.  The rise of altcoin has been remarkable since…

Tether Market Dominance Drops; Is USDC Taking Over?

Tether has dominated the stable market for the past three years, with a record high circulation of nearly $27 billion. However, the coin’s critics say that its lack of transparency is a liability to the crypto industry.  For the first time, Tether shed its market dominance to under 75%, according to the latest Coinmetrics figures. Some suggest better stablecoins in the market, while a centralized digital currency provider is a no go zone. USDC Making Major Moves Tether's main competitor…

Pornhub Now Only Accepts Cryptocurrency Payments

Pornhub Premium users will have to make payments in cryptocurrency, following a withdrawal from Visa and MasterCard. Could this open up cryptocurrencies to a wider audience? Pornhub Opens Up To Cryptocurrencies Amid Controversy A few days ago, news broke that payment processing giants MasterCard and Visa were suspending their payment options on Pornhub.  The decision followed a controversy that agitated the world of pornography. An article from the New York Times had revealed that Pornhub allowed the hosting of videos,…

Stellar blockchain to integrate USDC stablecoin into its ecosystem

Stellar (XLM) has announced that it is set to deploy stablecoin USDC on its blockchain network. This development is part of the Stellar blockchain aim to expand its capabilities as a cross-border payment platform. Stellar Latest blockchain to deploy USDC Stellar becomes the third blockchain to host USDC after Ethereum and Algorand, which joined last June. USDC will be integrated with all Stellar products, including payment solutions and APIs on its blockchain. Speaking on the development, Danielle Dixon, CEO of Stellar…

5 Most Popular USD Pegged StableCoins in the Cryptoverse

What is StableCoin? Stablecoins are cryptocurrencies designed to minimize the volatility danger of the notoriously unstable Crypto market. In theory, a stablecoin can be pegged to a cryptocurrency, fiat money, or exchange-traded commodities (such as precious metals or industrial metals). Since the advent of USDT - Tether in 2015, traders have felt a greater sense of safety from the market's constant volatility. Stablecoins today are blockchain-based and usually tied to traditional assets, currencies, or a basket of assets and currencies.…

Transactions Involving Ethereum-based Tether (USDT) Attain Fresh Highs

Etherscan noted that trading volumes involving the most utilized stablecoin in the cryptocurrency space started a sharp rise in September 2019, attaining 188,621 daily transactions at the month’s peak, valued at about $620 million in USDT. A new record has been set as the trading that involved Ethereum-based Tether (USDT) was over $1.2 billion on May 25. This means that the aggregated number of daily transactions that involved the stablecoin on the day represents a fresh lifetime high. Etherscan noted that the…

WMA: Bitcoin struggles to make it past the $10k mark as Tether becomes 3rd-highest trading crypto

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $254 billion. Bitcoin lost almost 4% in a flash crash on Thursday and missed the chance to reach $10,000 Ethereum is up over 3.5% against BTC, and it hints towards $215 XRP price zig-zags across the $0.20 barrier Tether becomes the 3rd-largest trading crypto after overcoming Ripple’s XRP. Crypto Trends 18th - 24th of…

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