Cryptocurrency Market

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  • Market Cap: $2,410,240,500,966.65
  • 24h Vol: $53,306,364,294.09
  • BTC Dominance: 56.56%

Tether

usdc-dominated-trading-volume-on-decentralized-exchanges-amidst-depegging-incident

USDC Dominated Trading Volume on Decentralized Exchanges Amidst Depegging Incident

Leave a Comment / Auto-Conversion, Binance, Bitcoin, BitPay, Coinbase, coingecko.com, Crypto, Crypto Hacked, Crypto.com, Cryptocurrency, Curve, DAI, decentralized exchange, depegging, DEX, Ethereum, FRAX, Global Trade Volume, GUSD, Kraken, KuCoin, Market Updates, MIM, Pancakeswap, Pancakeswap v2, Payment processor, Stablecoin, Stableswap, Tether, trading, uniswap, uniswap v3, US Dollar, USDC, wrapped ether / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

On Saturday, several centralized crypto trading platforms and payment processors stopped USDC auto conversions. However, USDC experienced a significant trading volume on decentralized exchange (dex) platforms such as Uniswap, Curve, and Pancakeswap. Uniswap alone recorded $10.13 billion in trades over the past day, with more than 55% of those swaps involving USDC against wrapped ether, […]

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usdc-stablecoin-depegging-causes-concern-among-crypto-advocates,-5-other-stablecoins-slip-below-parity

USDC Stablecoin Depegging Causes Concern Among Crypto Advocates, 5 Other Stablecoins Slip Below Parity

Leave a Comment / Banking, Binance, Bitcoin, BitPay, Blockchain, Cash, Circle, Circle Financial, Circle USDC, Coinbase, Crypto, Crypto Hacked, Crypto.com, Crypto.com USDC, Crypto.com USDC suspension, Cryptocurrency, DAI, Decentralized, depegging, Digital Assets, Ethereum, Exchanges, Finance, Fintech, FRAX, GUSD, Investors, Liquidity, Market Capitalization, market volatility, News, Regulation, risk management, Silicon Valley Bank, Stablecoin, SVB, SVB deposits, Tether, trading, USD parity, USDC, USDC Depeg, USDC depegging, USDD, USDP / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

On Saturday, March 11, 2023, crypto advocates are concerned as a few stablecoin assets have depegged from their $1 parity. The second-largest stablecoin USDC, issued by Circle Financial, fell below $0.90, reaching a low of $0.877 per coin. Additionally, around five other stablecoins have dropped below the U.S. dollar parity during the early morning (ET)

USDC Stablecoin Depegging Causes Concern Among Crypto Advocates, 5 Other Stablecoins Slip Below Parity Read More »

redemption-and-reshuffling:-busd’s-exit-from-top-10-cryptocurrencies-shakes-market-valuations

Redemption and Reshuffling: BUSD’s Exit From Top 10 Cryptocurrencies Shakes Market Valuations

Leave a Comment / Bitcoin, Blockchain, bnb, BTC, BUSD, crypto assets, Crypto Hacked, Cryptocurrencies, Cryptocurrency, decentralized finance, Digital Tokens, Doge, Ethereum, Exchange Tokens, Financial Technology, Greenback, Investors, Lido, Market Capitalization, Market Updates, Market Valuation, matic, OKB, Okx, Paxos, Polygon, PoW, Proof of Work, redemptions, Smart Contracts, SOL, Solana, Stablecoins, Staked Ether, STETH, Tether, top cryptocurrencies, Top Ten, usd coin, USDC, USDT, utility tokens, valuation / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

It has been 21 days since Paxos revealed that it would no longer mint the stablecoin BUSD. Since then, over 7 billion BUSD stablecoins have been redeemed. Prior to the announcement, BUSD was once a top-ten crypto asset. However, the top ten cryptocurrencies by market valuation have changed since the redemptions. Presently, there are only

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crypto-economy-swelled-80,466%-since-2013,-despite-$1.5-trillion-loss-in-2022-downturn

Crypto Economy Swelled 80,466% Since 2013, Despite $1.5 Trillion Loss in 2022 Downturn

Leave a Comment / adoption, Analysis, Avalanche, bbqcoin, Bitcoin, Blockchain, bnb coin, Cardano, chncoin, Coinmarketcap.com, Crypto, crypto economy, crypto exchanges, Crypto Hacked, Cryptocurrency, devcoin, Digital Currency, Economy, Ethereum, feathercoin, Finance, freicoin, growth, Innovation, Internet, investment, ixcoin, litecoin, loss, market, Market Cap, Market Capitalization, Market Updates, mincoin, namecoin, novacoin, peercoin, perspective, Profit, Regulation, Solana, Speculation, Stablecoins, Technology, terracoin, Tether, trading, trend, usd coin, valuation, volatility, Wallets / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Nine years and nine months ago, on May 9, 2013, coinmarketcap.com recorded 14 cryptocurrency assets, and bitcoin’s overall valuation was $1.24 billion, with 11.13 million bitcoins in circulation at the time. Today, the same website indicates that there are 22,709 crypto assets. Additionally, the market capitalization of the crypto economy has grown significantly, increasing by

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crypto-exchanges-allow-russians-to-circumvent-sanctions,-report-alleges

Crypto Exchanges Allow Russians to Circumvent Sanctions, Report Alleges

Leave a Comment / Bank, banks, Binance, Bitcoin, Blockchain Analysis, Bybit, Crypto, crypto exchanges, Crypto Hacked, Cryptocurrencies, Cryptocurrency, Ethereum, EU, Exchanges, Huobi, Inca Digital, KuCoin, OTC, p2p, report, Russia, russians, sanctioned, Sanctions, Sberbank, Tether, transactions, uk, Ukraine, US, War / / / , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Major crypto exchanges have failed to prevent sanctioned Russian banks and traders from transacting, according to a blockchain forensics report. At least two established coin trading platforms continue to allow Russians to use their bank cards in peer-to-peer deals, the analysis shows. It also highlights an increased Russian interest in tether. Russian Traders Still Using

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busd-stablecoin-drops-from-top-10-crypto-assets-amid-significant-decrease-in-dominance

BUSD Stablecoin Drops from Top 10 Crypto Assets Amid Significant Decrease in Dominance

Leave a Comment / Altcoins, Asset, Asset Management, Binance, Binance BUSD, Bitcoin, Blockchain, BUSD, Circulation, CoinGecko, Crypto, Crypto Hacked, Cryptocurrency, Decentralization, Digital Currency, dogecoin, Dominance, Ethereum, Exchange, Fiat, Market Cap, Parity, Paxos, Portfolio, redemption, Stablecoin, stablecoin assets, Stablecoins, Tether, Top Ten, trading, Trading Volume, Turkish Lira, US Dollar, USDT / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

After Paxos announced that it would no longer mint the stablecoin BUSD, 4.98 billion BUSD stablecoins have been removed from circulation to date. The Paxos-managed stablecoin has also fallen out of the top ten crypto assets by market capitalization, slipping below dogecoin’s valuation with a market cap of around $11.12 billion, compared to the meme

BUSD Stablecoin Drops from Top 10 Crypto Assets Amid Significant Decrease in Dominance Read More »

ftx-warns-community-of-phony-‘debt-tokens’-and-scams-claiming-to-be-affiliated-with-the-bankrupt-exchange

FTX Warns Community of Phony ‘Debt Tokens’ and Scams Claiming to Be Affiliated With the Bankrupt Exchange

Leave a Comment / All time high, Bankruptcy, Bitcoin, Blockchain, Bond Token, Challenges, CoinGecko, community, controversy, Crypto, Crypto Hacked, Cryptocurrency, debt tokens, Debtdao, debtors, Ethereum, Finance, ftx, FUD, Huobi, Investing, justin sun, Kroll, market, News, restructuring, risks, Scams, Tether, tokenomics, trade volume, tron, Twitter, Warning / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

On Friday, debtors who control the official FTX Twitter account warned the community to “be on alert for scams from entities claiming to be affiliated with FTX.” They also noted that neither FTX debtors nor any entity related to the company has issued any IOU crypto assets or “debt tokens.” The alert comes as a

FTX Warns Community of Phony ‘Debt Tokens’ and Scams Claiming to Be Affiliated With the Bankrupt Exchange Read More »

stablecoin-market-sees-supply-increase-for-tether-as-competitors-decline-in-light-of-recent-regulatory-developments

Stablecoin Market Sees Supply Increase for Tether as Competitors Decline in Light of Recent Regulatory Developments

Leave a Comment / 30-day statistics, aftermath, Altcoins, Binance USD, Bitcoin, circulating supply, collapse, Crypto Hacked, crypto industry, Cryptocurrency, DAI, decline, Decrease, Dollar Altcoins, dollar-pegged tokens, economic conditions, Ethereum, expansion, external factors, FRAX, ftx, Implosion, increase, issuer, Market Capitalization, Market Valuation, market volatility, redemptions, regulatory developments, Reserve, Security, significance, Stability, Stablecoin, strength, Supply, Terra UST, Tether, Top Five, trade volume, underlying reserve, usd coin / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

While the stablecoin market has seen significant redemptions in the past three months, the supply of tether, the largest stablecoin by market capitalization, has increased by 2.46 billion since mid-November 2022. Tether is the only one of the top five stablecoins by market valuation that has seen a supply increase in the past three months.

Stablecoin Market Sees Supply Increase for Tether as Competitors Decline in Light of Recent Regulatory Developments Read More »

stablecoin-market-in-flux:-more-than-$2-billion-in-usdc-redemptions-in-30-days

Stablecoin Market in Flux: More Than $2 Billion in USDC Redemptions in 30 Days

Leave a Comment / 12.9%, 8 out of 10 trades, 81.4%, Altcoins, Bitcoin, BUSD, Circulation, contrasting picture, crypto economy, Crypto Hacked, Cryptocurrency, DAI, Decrease, dominant, Ethereum, FRAX, future, GUSD, increase, Market Capitalization, Monitoring, overall valuation, redemption, regulatory challenges, Stablecoin, stablecoin assets, Stablecoins, Statistics, Tether, third-largest, Top Ten, trade volume, trends, tron, tusd, usd coin, USDC, USDD, USDP, USDT, Value / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

It appears that the circulation of the stablecoin usd coin has decreased while tether’s has grown, as the latest statistics paint a contrasting picture. Tether saw a 3% increase in coins in circulation over the last month, while the U.S. dollar-pegged crypto asset usd coin recorded a decrease of approximately 4.9% in the same time

Stablecoin Market in Flux: More Than $2 Billion in USDC Redemptions in 30 Days Read More »

bitcoin’s-crypto-market-action-holds-the-upper-hand-as-dominance-level-surpasses-40%

Bitcoin’s Crypto Market Action Holds the Upper Hand as Dominance Level Surpasses 40%

Leave a Comment / binance coin, Bitcoin, Bitcoin (BTC), bnb, BTC, CoinGecko, Coinmarketcap, Command, control, crypto assets, crypto economy, Crypto Hacked, crypto market, Cryptocurrency, Digital Currency, Digital Currency Markets, Dominance, Dominance Level, ETH, Ethereum, Ethereum (ETH), Market Capitalization, Market Dominance, Market position, Market Share, Market Valuation, News, popularity, Stablecoin, Supremacy, Tether, Top spot, USDC, USDT, XRP / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

On Jan. 21, 2023, the price of bitcoin reached a 24-hour high of $23,333 per unit at 5 a.m. Eastern Time on Saturday. The entire crypto-economy is now valued at $1.05 trillion after rising 7.2% against the U.S. dollar. Bitcoin’s price rise has led to the crypto asset’s dominance level surpassing the 40% region among

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