Auto Added by WPeMatico

Ethereum After 1559: Network Nears 2 Million ETH Burned Worth Over $6.9 Billion

Approximately 205 days ago, the Ethereum network upgraded via the London hard fork which implemented the packaged Ethereum Improvement Proposal (EIP) 1559. Since then, the EIP-1559 upgrade made it so…

Continue ReadingEthereum After 1559: Network Nears 2 Million ETH Burned Worth Over $6.9 Billion

Stablecoin Issuance Surged Last Year — UST Saw the Largest 12-Month Increase

Stablecoins have become prominent payment rails in the world of cryptocurrencies commanding $177 billion in fiat value today. The top ten stablecoins by market capitalization represent the largest share of…

Continue ReadingStablecoin Issuance Surged Last Year — UST Saw the Largest 12-Month Increase

Stablecoin Economy Jumps 3.5% in 2 Weeks to $167 Billion, Fiat-Pegged Tokens Command Over 60% of Crypto Trades

Since December 8, the stablecoin economy has grown 3.59% in 17 days as numerous stablecoin market valuations have issued more fiat-pegged tokens this month. On Saturday, December 25, the stablecoin…

Continue ReadingStablecoin Economy Jumps 3.5% in 2 Weeks to $167 Billion, Fiat-Pegged Tokens Command Over 60% of Crypto Trades

Tether Lashes Out Against Another Lawsuit: Calls it “Nonsense and Copycat”

The issuer of the stablecoin leader USDT – Tether – faces yet another class-action lawsuit with familiar accusations. Lawsuit Against Tether According to the official document, the two plaintiffs, Matthew…

Continue ReadingTether Lashes Out Against Another Lawsuit: Calls it “Nonsense and Copycat”

$11 Billion Added to Stablecoin Economy in 10 Days, UST and OUSD Issuance Swells

During the last week of November, the stablecoin economy had crossed the $150 billion mark for the first time with tether and usd coin dominating the pack. In a mere…

Continue Reading$11 Billion Added to Stablecoin Economy in 10 Days, UST and OUSD Issuance Swells

Stablecoin Economy Surges Past $150B, Stablecoins Command Over 50% of Global Crypto Trade Volume

A great number of digital currencies have swelled in value this year and as the end of 2021 approaches, the market capitalization of all 11,000+ crypto assets in existence is…

Continue ReadingStablecoin Economy Surges Past $150B, Stablecoins Command Over 50% of Global Crypto Trade Volume

Senate Banking Committee Wants Clarity on Stablecoins: Sends Letters to Tether, Coinbase, Circle

Senator Sherrod Brown appears to be keen on understanding how the process of stablecoin minting and redemption actually work. A comprehensive regulatory regime for stablecoin is the need of the…

Continue ReadingSenate Banking Committee Wants Clarity on Stablecoins: Sends Letters to Tether, Coinbase, Circle

Report: Alameda and Cumberland Acquired Nearly 55% of USDT’s Total Supply

According to recent research published by the independent cryptocurrency outlet Protos, two companies have been responsible for buying two-thirds of Tether’s USDT total supply since its inception. The organizations, Alameda…

Continue ReadingReport: Alameda and Cumberland Acquired Nearly 55% of USDT’s Total Supply