TA: How Binance’s Regulatory Woes Have Plagued BNB’s Rise

Binance is the largest and most popular cryptocurrency exchange in the world. The platform remains a top option for anyone looking to get into the crypto space and make money. But, the past few months have been a bit of a challenge for Binance. The company has faced opposition from different governments. Now, all of these appear to be stifling the rise of its coin, BNB. It All Started So Well Binance launched BNB in 2019 as its exchange token.…

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…

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…

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…

Compound Implements Community-Driven Governance Proposals

Last week, Decentralized finance (DeFi) protocol known as Compound was able to implement its initial two community-driven governance proposals. The launching of the protocol’s governance token (COMP) aimed at the facilitation of community-driven protocol upgrades and development is on the way. First Governance Proposal For Compound The community was given the opportunity to choose the assets they want to be added to Compound in September last year and most people chose Maker (MKR) and Tether (USDT). Hence, based on the…

Messari CEO Says $3 Billion in Stablecoins are On the Sidelines

Digital currencies pegged to traditional assets such as fiat are known as stablecoins. Based on their design, they are capable of holding a steady value and provide cryptocurrency traders an easy means of escaping the high volatility of the cryptocurrency markets. On April 17, the CEO of blockchain database startup Messari tweeted about the value of stablecoins on exchanges. Ryan Selkis said the massive sum of cryptocurrency capital are on the sidelines but ready to move into BTC, ETH, XRP and…

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