Category: Tether

Valuation of Stablecoin DAI Market Swells — DAI Market Cap Increased More Than 800% in 12 Months

Valuation of Stablecoin DAI Market Swells — DAI Market Cap Increased More Than 800% in 12 Months

Recently Bitcoin.com News covered the stablecoin tether and how the crypto asset’s market valuation jumped more than 1,500% in just over 500 days. In addition to this exponential increase, the decentralized stablecoin DAI’s market capitalization has also swelled significantly as DAI’s market valuation jumped more than 800% during the last 12 months, increasing from $696 […]

Continue Reading

Treasury preps stablecoin framework as officials fear stability, redemption risks: report

Treasury preps stablecoin framework as officials fear stability, redemption risks: report

Citing anonymous sources, Bloomberg reports that a coming Treasury report on stablecoins will highlight risks like the inability to redeem stablecoins for their underlying assets and potential runs on crypto assets as major concerns.  The Treasury report on stablecoins is highly anticipated. Hitherto, stablecoin regulation in the U.S. has happened almost exclusively at the state […]

Continue Reading

Ethereum After 1559: Network Participants Burn Over 300,000 Ether Worth More Than $1 Billion

Ethereum After 1559: Network Participants Burn Over 300,000 Ether Worth More Than $1 Billion

On August 5, 2021, the Ethereum network and its participants successfully completed the highly anticipated London upgrade, which saw the implementation of the Ethereum Improvement Proposal (EIP)-1559. Since then, 303,681 ether worth more than a billion U.S. dollars have been burned. More Than 300K Ether Burned Following EIP-1559 More than a billion dollars worth of […]

Continue Reading

Tether says it doesn’t hold any commercial paper issued by Evergrande

Tether says it doesn’t hold any commercial paper issued by Evergrande

Stablecoin issuer Tether says that it doesn’t hold any commercial paper issued by the Chinese real estate giant Evergrande. This comes amid concerns that Evergrande’s struggles might impact the commercial paper market. “Tether does not hold any commercial paper or other debt or securities issued by Evergrande and has never done so,” said a spokesperson […]

Continue Reading

Solana Block Production Stalls for Hours, SOL Holders Unable to Transact, Validators Deploy a Fix

Solana Block Production Stalls for Hours, SOL Holders Unable to Transact, Validators Deploy a Fix

According to reports on social media, crypto forums, onchain metrics, and the Solana Status Twitter account indicate that Solana’s blockchain has stalled. Solana mainnet-beta suffered a four-hour downtime and is still down after a technical glitch. Solana’s Network Stalls In recent times, solana (SOL) joined the top ten crypto assets by market valuation and today, […]

Continue Reading

Tether’s 1,500% Market Cap Increase in 500 Days — USDT Stablecoin Market Nears $70 Billion

Tether’s 1,500% Market Cap Increase in 500 Days — USDT Stablecoin Market Nears $70 Billion

The stablecoin giant tether is by far the largest dollar-pegged crypto asset in the crypto economy and today, the number of tethers in circulation is nearing $70 billion. 90 days ago on June 12, 2021, the number of tethers in circulation was around 63 billion tokens and the supply has swelled by 9.99% since then. […]

Continue Reading

Solana Knocks XRP Down a Notch, SOL Taps Another All-Time High Rising More Than 400% in 30 Days

Solana Knocks XRP Down a Notch, SOL Taps Another All-Time High Rising More Than 400% in 30 Days

The cryptocurrency solana reached another all-time high on September 9 at $213 per coin. The digital currency’s market valuation has swelled significantly, pushing dogecoin from its position in the top ten last week. Today, solana’s crypto market capitalization has managed to surpass XRP’s overall valuation, taking the sixth position in the top ten this week. […]

Continue Reading

Bitcoin Market Dominance Dips Down to 40% While Ethereum and Other Crypto Market Caps Swell

Bitcoin Market Dominance Dips Down to 40% While Ethereum and Other Crypto Market Caps Swell

While bitcoin prices have risen in value during the last two weeks, bitcoin dominance levels have slipped to lows not seen since the June 6 low of 41%, and the dip to 39.97% on May 16, 2021. Depending on the crypto market price aggregator leveraged, bitcoin’s dominance has been between 39.99% to 41.52%. Meanwhile, as […]

Continue Reading

Tether asks court to block request by CoinDesk for NYAG disclosure documents

Tether asks court to block request by CoinDesk for NYAG disclosure documents

Crypto exchange Bitfinex and stablecoin operator Tether have asked a New York court to compel the state’s attorney general to deny a request for information submitted by crypto industry publication CoinDesk. Under New York’s Freedom of Information Law, members of the public can submit requests for access to government records, such as court documents or […]

Continue Reading

Ontario securities regulator bars the country’s first registered crypto platforms from trading Tether

Ontario securities regulator bars the country’s first registered crypto platforms from trading Tether

The Ontario Securities Commission has barred a pair of trading platforms that offer crypto services from trading Tether, according to regulatory documents issued in recent weeks. Both based in Toronto, Wealthsimple and Coinberry are the first companies of their kind allowed into what the Canadian Securities Administrators term “an interim, time-limited registration framework that would […]

Continue Reading