Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $2,209,261,995,640.06
  • 24h Vol: $108,236,067,130.51
  • BTC Dominance: 55.99%

Stablecoins

stablecoin-market-sees-fluctuations-with-some-coins-gaining-and-others-reducing-supply

Stablecoin Market Sees Fluctuations With Some Coins Gaining and Others Reducing Supply

Leave a Comment / Altcoins, Assets, Binance, Bitcoin, BUSD, Circulation, Crypto Hacked, Cryptocurrency, DAI, Ethereum, FRAX, Global, GUSD, increase, liquity, LUSD, makerdao, market, Market Capitalization, Nansen, Proof of Reserves, redemption, reduction, Stablecoin Economy, Stablecoin Market, Stablecoins, Statistics, Supply, Tether, Top 10 stablecoins, Top 5 stablecoins, trade, tusd, USDC, USDD, USDP, USDT, valuation, volume / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

According to statistics, on March 26, the stablecoin economy was valued at $135 billion, with the top stablecoins representing $31.8 billion or 75% of the $42.17 billion in 24-hour global trade volume across the entire crypto market. In the last two weeks since March 11, 7.06 billion USDC and 351.57 million BUSD have been redeemed. […]

Stablecoin Market Sees Fluctuations With Some Coins Gaining and Others Reducing Supply Read More »

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Biden Administration’s Economic Report Deems Crypto Assets ‘Mostly Speculative Investment Vehicles’

Leave a Comment / artificial scarcity, Bad Actors, Biden Administration, Bitcoin, Compliance, crypto assets, Crypto Hacked, Cryptocurrency, decentralized finance, DeFi, Digital Assets, Digital Currencies, Distributed Ledger Technology, Economic Report of the President, Ethereum, financial innovation, financial intermediaries, Financial Markets, financial regulations, financial stability, financial system, illicit finance risks, Investors, Joe Biden, News, Regulations, Regulatory Compliance, risk management, Software, sovereign money, Stablecoins, Technology, U.S. dollar, Web3, White house / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

On Monday, U.S. president Joe Biden published the administration’s economic report and addressed the subject of cryptocurrencies. The section titled “The Perceived Appeal of Crypto Assets” describes the currencies as “mostly speculative investment vehicles” that are “unbacked” and “traded without fundamental anchors.” The White House insists that crypto assets do not deliver on their promises

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stablecoin-supply-plummets-after-depegging-event:-$7.4b-dollar-pegged-tokens-withdrawn-from-circulation

Stablecoin Supply Plummets After Depegging Event: $7.4B Dollar-Pegged Tokens Withdrawn From Circulation

Leave a Comment / 24-hour settled trades, Altcoins, Binance, Binance USD, Bitcoin, BUSD, Centralized trading, Circulation, coingecko.com, crypto economy, Crypto Hacked, Crypto landscape, Cryptocurrency, Demand, depegging, Ethereum, Exchanges, Global Trade, Investors, Market Capitalization, Market Valuation, metrics, Nansen, Pegged, Proof of Reserve, redemptions, Stablecoins, Supply, Tether, Trading Platforms, usd coin, USDC, USDT, Value, volume, Withdrawals / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

During the past 11 days, over 7 billion USDC stablecoins have been withdrawn from circulation, with most of the redemptions occurring following the depegging event of USDC on March 11, 2023. Furthermore, since March 6, a total of 439.48 million BUSD stablecoins have been redeemed. Stablecoin Depegging Event Triggers Billions in Redemptions The stablecoin landscape

Stablecoin Supply Plummets After Depegging Event: $7.4B Dollar-Pegged Tokens Withdrawn From Circulation Read More »

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Stablecoin Trading Dominates Monday’s Crypto Market, Tether and BUSD Sell at Premiums

Leave a Comment / arbitrageurs, Bitcoin, Blockchain, BTC, BUSD, crypto economy, Crypto Hacked, crypto trading, Cryptocurrency, cryptocurrency market, cryptocurrency news, cryptocurrency prices, Cryptocurrency Trading, Curve, DAI, decentralized exchange, depegging, Digital Assets, ETH, Ethereum, Global Trade Volume, Market Activity, Market Capitalization, Market Updates, Premiums, Stablecoins, Tether, trade volume, Traders, Trading sessions, tusd, US Dollar, USDC, USDC Depeg, USDC repeg / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

On Monday, the crypto economy experienced significant market activity with $183.85 billion in global trade volume over 24 hours, with a large portion of those trades involving stablecoins. USDC traded near parity with the U.S. dollar, and several stablecoins, including tether and BUSD, sold at premiums. Tether reached a high of $1.04 per unit and

Stablecoin Trading Dominates Monday’s Crypto Market, Tether and BUSD Sell at Premiums Read More »

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Binance Converts $1 Billion BUSD Into Bitcoin, BNB, and Ethereum

Leave a Comment / Asset, Binance, Binance BUSD, Bitcoin, bnb, BTC, BUSD, Changpeng Zhao, circulating supply, conversion, Crypto Hacked, Cryptocurrency, CZ, Decision, depegging, depegging incidents, ETH, Ethereum, exchange portfolio tool, fund, Industry Recovery Initiative, Investors, Nansen, News, Onchain movements, Parity, Paxos, Reassurance, Regulators, safe, Silicon Valley Bank, Stablecoin, Stablecoin Prices, Stablecoins, SVB, Transparency, troubles, USDC / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

On Monday, Binance CEO Changpeng Zhao, also known as CZ, announced that the company had decided to convert $1 billion worth of BUSD from the Industry Recovery Initiative fund into three different cryptocurrencies. Zhao noted that significant onchain movements would be noticeable following the announcement. CZ’s Decision to Convert $1 Billion BUSD Comes Amidst Troubles

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Makerdao Issues Emergency Proposal to Address $3.1B in USDC Collateral After Stablecoin Depegging Incident

Leave a Comment / Auction, Bitcoin, Black Thursday, cash and stables, Circle Financial, collateral, collaterized, Crypto, Crypto Hacked, Cryptocurrency, DAI, DAI price, Dai Stablecoin, decentralized finance, DeFi, emergency proposal, Ethereum, Exposure, failure, Impact, impaired, Liquidity, makerdao, market, News, Parity, potential, proposal, Risky, Silicon Valley Bank, Stability, Stablecoin, stablecoin assets, Stablecoins, stables, support, tail risk, underwater, USDC, Voters / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

On March 11, 2023, the decentralized finance project Makerdao issued an emergency proposal following the USDC depegging incident that saw the stablecoin dip down to $0.877 per unit. At the time of writing, Makerdao commands $3.1 billion in USDC collateral that backs a portion of the project’s stablecoin, DAI. Makerdao Proposes Changes to Limit Exposure

Makerdao Issues Emergency Proposal to Address $3.1B in USDC Collateral After Stablecoin Depegging Incident Read More »

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Ethereum Co-Founder Vitalik Buterin’s Address Sells Trillions of Airdropped Tokens, Causes Illiquid Coin Prices to Plummet

Leave a Comment / airborne pathogens, atmospheric chemist, Balaji Srinivasan Philanthropic Fund, Binance Smart Chain, Bitcoin, Blockchain Explorer, Blockchain security, Burn Address, Crypto Covid Relief Fund, Crypto Hacked, Cryptocurrency, CULT DAO, data analytics, Digital Assets, Dingo, ERC20 Tokens, Ethereum, Kiboshib, Kimberly Prather, low liquidity, Market Capitalizations, market volatility, MOP, News, Peckshield, shiba inu, Shikoku, Stablecoins, Tax compliance, token holders, token transfers, University of California San Diego, usd coin, Vitalik Buterin / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

On March 7, onchain observers noticed that Vitalik Buterin, the co-founder of Ethereum, had allegedly sold billions and trillions of airdropped ERC20 tokens, resulting in a gain of an estimated $700,000 in value. The market liquidity of the airdropped tokens was shallow, and the relatively unknown ERC20 tokens plummeted in value after Buterin reportedly sold

Ethereum Co-Founder Vitalik Buterin’s Address Sells Trillions of Airdropped Tokens, Causes Illiquid Coin Prices to Plummet Read More »

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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

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

ebb-and-flow-of-stablecoin-economy-continues-with-busd’s-market-cap-dropping-below-$10-billion-range

Ebb and Flow of Stablecoin Economy Continues With BUSD’s Market Cap Dropping Below $10 Billion Range

Leave a Comment / Altcoins, Bitcoin, Blockchain, BUSD, BUSD supply, Crypto, Crypto Hacked, Cryptocurrency, cryptocurrency market, DAI, Decentralized, depegging, Digital Assets, Digital Currency, Digital Tokens, Economy, Ethereum, Finance, Financial Technology, fluctuation, FRAX, GUSD, investment, Market Capitalization, Peer-to-peer, Stablecoin Economy, Stablecoin Tokens, Stablecoins, Supply, Terra, Trading Volume, tusd, USDC, USDD, USDP, USDT, valuation, Virtual Currency / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

The realm of stablecoins is an ever-evolving landscape and the number of coins in circulation for the stablecoin BUSD has fallen below the 10 billion mark to approximately 9.68 billion on March 3, 2023. Over the last 30 days, BUSD’s token supply has dropped 40% lower. In contrast, the number of tethers in circulation has

Ebb and Flow of Stablecoin Economy Continues With BUSD’s Market Cap Dropping Below $10 Billion Range Read More »

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US Treasury and White House to Hold Regular Meetings on CBDCs and Payment Innovations

Leave a Comment / American CBDC, Atlantic Council, Bitcoin, CBDC, CBDC ideas, CBDCs, central bank digital currencies, Central Banks, consumer protection, Council of Economic Advisors, Crypto Hacked, Cryptocurrency, Digital Currency, Equity, Ethereum, Executive Order, Federal Reserve, financial inclusion, financial industry, Financial Regulation, Financial Services, financial system, global financial leadership, illicit finance, Joe Biden, National Economic Council, National Security, National Security Council, Nellie Liang, News, payments innovations, Privacy, Research and development, Stablecoins, trade-offs, unbanked population, US CBDC, US government, US Treasury / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

On March 1, 2023, Nellie Liang, undersecretary for domestic finance at the U.S. Treasury, delivered a speech to the Atlantic Council in Washington concerning the subject of central bank digital currencies (CBDCs). Liang detailed during her speech that a CBDC is one of several options for “upgrading the legacy capabilities of central bank money,” and

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