Genesis Global Capital denied having imminent plans for the bankruptcy filing by disclosing its priority to hold constructive conversations with the creditors. Genesis Exposure to FTX Downfall Genesis, a popular cryptocurrency lender, disproved current speculations of initiating bankruptcy proceedings if unable to…
Solana (SOL) has become one of the top losers in the list of top cryptocurrencies in the past 24 hours. This is because two of the largest crypto exchanges have made alarming announcements that do not go well with the Solana network….
The world’s biggest crypto exchange, Binance, announced recently that it was suspending deposits on the Solana blockchain of stablecoins USDT and USDC. Since the announcement, it has reopened USDT deposits on Solana. USDT is the stablecoin that belongs to Tether, while USDC…
A committee of unsecured creditors of Celsius Network has filed a motion with the court, as they want to stop the crypto lending platform from selling off its stablecoin holdings. The group of creditors submitted the written protest against the sale after…
For those who are already or are planning to adopt Robinhood to perform cryptocurrency trades, the mobile-based crypto trading application has an announcement for them. The online broker known mainly for cryptocurrency trading has announced that it has enlisted a new stablecoin….
Rune Christensen, the founder of MakerDAO, has recommended that the community members of the DAO (decentralized autonomous organization) should look into de-pegging the DAI stablecoin from the US Dollar. Rune made this comment on Thursday on the MakerDAO discord channel after the…
The founder of Frax Finance, Sam Kazemian, stablecoin projects should consider a collaborative approach as an ecosystem to grow each other’s liquidity. Sharing his opinion with Cointelegraph, Sam believes that as long as the growth of the liquidity of stablecoins is proportional…
During the emergence of issues in the sector of stablecoins, USDT (Tether) released a unique digital asset to be pegged into the peso of Mexico on the networks of MATIC (Polygon), TRX (Tron), and ETH (Ethereum). A declaration was made by Tether…
USDT (Tether) – the biggest stablecoin in terms of market capitalization – has been introduced on another network called Kusama of Polkadot. Tether.io’s operator, Tether Operations Limited, has declared to introduce USDT on Kusama (the canary network of Polkadot). The firm stated…
Pat Toomey – a Republican Senator as well as a prestigious participant of the Senate Banking Committee – has structured a bill suggesting a regulatory agenda to cover stablecoins across the United States. As per a Wednesday-released draft, the Stablecoin TRUST (Transparency…
Cryptocurrencies keep making news as many reputable financial institutions and companies add Bitcoin to their balance sheets. Cryptocurrency stablecoins, which have less volatility, are also gaining attention from investors. The market capitalization of Tether (USDT) is the largest of all stablecoins. In…
According to the administration of the city of Lugano, the focus is going towards promoting cryptocurrencies for almost all the necessary payments. The acceptance and adoption of cryptocurrencies in the region of Lugano Switzerland is on full blast, as the capital has…
Tether is among the largest cryptocurrencies to emerge globally due to the advent of the cryptocurrency industry, as evidenced by its market valuation. You may also come across various types of cryptocurrency while using this platform, which is something else to keep…
The exiled Government of National Unity in Myanmar has officially asserted Tether as its official currency to be used amongst its people. In hopes of tackling the military government in power and promoting the use of cryptocurrencies, the Exiled National Unity Government…
Among the top 10 cryptocurrencies, two stablecoin projects called USDC and USDT have been able to retain their high rankings throughout the year. The year-to-date price movement suggests that the total market cap of the stablecoin projects on the cryptocurrency market has…
The PWG – President’s Working Group on Financial Markets has released the much-awaited report on stablecoin. The report contains the features and the risk the asst class pose to the financial sector in general. In the report, it was stated the stablecoins…
In recent times Stablecoins has emerged as the hottest crypto entity and thirsted over by investors. Nevertheless, this recent pursuit of popularity has caught the interest of regulatory and legislative bodies as well. The President’s advisory board on the financial market’s affairs…
If you’re familiar with cryptocurrency in general, then you know how big of an issue price stability has been in the crypto industry from the very beginning. You’ve probably heard of the time when Florida man Laszlo Hanyecz infamously traded 10,000 BTC…
