USDT

Privacy-Centric Coins See Fresh Gains, Monero Captures All-Time Price High

<div class=”featured_image_container”> </div> <strong>On May 7, the privacy-centric crypto asset monero captured an all-time high at $515 per unit, as demand for confidential transactions has increased in recent times. Monero has gained more than 190% during the last three months, while a number of other privacy coins like zcash, verge, horizen, and grin have seen …

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Bitcoin’s Market Dominance Slides to 50%, While Ethereum’s Valuation Climbs Higher

<div class=”featured_image_container”> </div> <strong>Bitcoin dominance, the metric that measures bitcoin’s overall market capitalization against all the other crypto asset valuations has dropped considerably in recent weeks. At the end of February, bitcoin dominance levels started sliding downward from 61% to today’s 50%. Meanwhile, from the same point in time ethereum’s market capitalization has increased from …

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USDT, USDC, and BUSD represent 93% of stablecoin market cap

Research from on-chain analytics provider Glassnode has revealed that the top three stablecoins represent more than 90% of the sector’s entire market cap. Glassnode’s April 13 “Week On-chain” report found that the top three stablecoins — Tether (USDT), USD Coin (USDC), and Binance USD (BUSD) — have seen significant growth over the past six months …

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Jeremy Allaire: ‘USDC is halfway to flipping PayPal’

The co-founder and CEO of Circle, Jeremy Allaire, has made a bold prediction that the company-issued stablecoin is on track to surpass payments giant PayPal in terms of transacted dollar value. The comments came in an April 6 tweet in which Allaire alluded to the on-chain transaction volume for USDC over the past year, which …

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Polkadot’s Potential Gathers Momentum as Tether Joins the Ecosystem

<div class=”featured_image_container”> </div> <strong>The largest stablecoin by market capitalization will be the first to enter the ecosystem as the Kusama canary network adds support for tether before the eventual deployments to parachains.</strong> Tether Inclusion Complements Polkadot’s Efforts to Attract More Defi Applications With cryptocurrency once again on the ascent and the aggregated market capitalization nearing …

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Tether’s stablecoin set to land on Polkadot and Kusama

Polkadot and Kusama users will benefit from a direct integration with Tether’s USDT when common good parachains launch. As announced by Tether on Tuesday, the stablecoin will launch both on Polkadot and Kusama, its cousin network. Tether is the oldest stablecoin to reach significant adoption and it has recently surpassed $40 billion in circulating supply. …

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Binance Abruptly Delists South African Rand Trading Pairs After Currency Fails to Meet ‘High Level Standard’

<div class=”featured_image_container”> </div> <strong>In an abrupt move, Binance South Africa announced on March 31 that all South African rand (ZAR) trading pairs will be delisted on April 2. The crypto exchange adds in a statement that “all trade orders will be automatically removed after 10.00 UTC on April 1” in each respective trading pair. Binance …

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Crypto Markets Rebound, Bitcoin Price Consolidates, BTC Dominance Levels Sink

<div class=”featured_image_container”> </div> <strong>The price of bitcoin dropped around 8% during the last seven days, but prices started to improve during Friday’s mid-afternoon trading sessions. Today, bitcoin is swapping for prices between $54,400 to $54,800 per unit and commands a $1.02 trillion market valuation. The overall market capitalization of all 8,500+ coins in existence is …

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Bitfinex and Tether Fined $18.5M in Settlement With NY Attorney General, Both Firms Barred From Trading in the City

<div class=”featured_image_container”> </div> <strong>Bitfinex and Tether have been banned from operating in New York and must pay a fine of $18.5 million as part of a settlement with the New York Attorney General’s (NYAG’s) office over a case dating back to 2019</strong>. In a statement on Tuesday, NY Attorney General Letitia James accused the two …

Bitfinex and Tether Fined $18.5M in Settlement With NY Attorney General, Both Firms Barred From Trading in the City Read More »

Looming Legal Issues and Transparency Questions Fail to Dent Tether’s Momentum

<div class=”featured_image_container”> </div> <strong>Tether has never been more popular. A quick look at Coinmarketcap data underscores this point, with<a href=”https://coinmarketcap.com/”> 24-hour trading volume in USDT</a> (US dollar-denominated Tether) exceeding both Bitcoin and Ethereum combined.</strong> Users of the Legacy Stablecoin Show No Sign of Relenting A slow-rolling lawsuit brought by the New York attorney-general against Tether …

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