Mass Liquidations Impact Over 100,000 Traders Amid Crypto Market Downturn
Bitcoin’s price briefly dipped to an intraday low of $59,860 shortly after 9 a.m. EDT on Oct. 3, 2024. As of 1 p.m., the cryptocurrency is trading above the $60,000…
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Bitwage CEO: Stablecoins Have Been a Lifesaver for Argentines
Jonathan Chester, CEO of Bitwage, has detailed how the company has been serving Argentine remote workers who prefer collecting payments from employers abroad in stablecoins. Chester stated that 70% of…
Ripple Issues an Important Warning for its Upcoming Stablecoin: Details
TL;DR Ripple cautioned users to beware of fake claims that its stablecoin is live. The SEC labeled the product as an unregistered asset, adding to its ongoing legal disputes with…
Why Stablecoins Fail: Lessons From the Past
Stablecoins, the cryptocurrencies pegged to fiat currencies like the U.S. dollar to keep their value steady, can still face failures. Several well-known examples demonstrate that maintaining stability is more challenging…
Ethereum Adoption Leans on These 2 Pillars but Future Growth Still Uncertain: Report
A Coinshares report has revealed that the role of Ethereum (ETH) in crypto is being shaped by two main pillars: marketplaces and stablecoins. However, while the network is making waves…
Vitalik Buterin Endorses Celo for Surpassing Tron in Stablecoin Addresses
Vitalik Buterin, co-founder of Ethereum, took to social media platform X to commend Celo’s growth. The blockchain network recently outpaced Tron in daily active addresses for stablecoin usage. Celo’s Growth…
Stablecoin Market Adds $1B in Six Days as Major Tokens Expand
In the past month, the stablecoin market has kept its upward momentum, with four out of the top five U.S. dollar-pegged tokens increasing in supply. Since Sept. 15, the stablecoin…
South Korea, Hong Kong Lead Crypto Market Growth in East Asia
East Asia’s cryptocurrency market is experiencing significant growth, driven by institutional adoption in South Korea and Hong Kong, according to a report by blockchain analytics firm Chainalysis. South Korea leads…
Lawmaker Flags Concerns Over SEC’s Crypto Approach
Congressman French Hill has raised concerns over the U.S. Securities and Exchange Commission (SEC)’s handling of digital asset regulations, criticizing Chairman Gary Gensler’s leadership for creating legal uncertainty and a…
BitGo Introduces USDS Stablecoin, Aiming to Shift Market Dynamics
Palo Alto-based crypto custody firm BitGo has launched a new stablecoin, USDS, that is set to go live in January 2025. The company says the stablecoin will be fully backed…
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