Auto Added by WPeMatico

Strong US Dollar Posts 5-Week High, Markets Price in a 75 bps Fed Rate Hike for June

While precious metals, stocks, and cryptocurrencies saw a significant downturn this week, the U.S. dollar tapped a 20-year high against the Japanese yen and a number of other currencies. The…

Continue ReadingStrong US Dollar Posts 5-Week High, Markets Price in a 75 bps Fed Rate Hike for June

Terra’s Algorithmic Dollar-Pegged Crypto UST Is Now the Third-Largest Stablecoin

The algorithmic stablecoin stemming from the Terra (LUNA) network has become the third-largest stablecoin token in terms of market capitalization at $17.54 billion. As of today, UST’s market capitalization has…

Continue ReadingTerra’s Algorithmic Dollar-Pegged Crypto UST Is Now the Third-Largest Stablecoin

Global Crypto Economy Holds Above the $2 Trillion Zone for 5 Consecutive Days

The crypto economy has managed to remain above the $2 trillion mark during the last five days since March 22. Currently, the global cryptocurrency market capitalization is 1.3% higher during…

Continue ReadingGlobal Crypto Economy Holds Above the $2 Trillion Zone for 5 Consecutive Days

City of Miami Gets $5.25M Disbursement From Miamicoin as MIA Flounders 88% Lower Than Price High

While Miami’s mayor Francis Suarez told the public he was a big believer in bitcoin and has accepted his pay in bitcoin, at the same time, a crypto coin called…

Continue ReadingCity of Miami Gets $5.25M Disbursement From Miamicoin as MIA Flounders 88% Lower Than Price High

Socialite and Model Alexis Ren Doesn’t Trust the Dollar Economy, Says Crypto Is a Viable Alternative

The American social media personality and model, Alexis Ren believes the fiat economy is “collapsing” and recently she told the press she thinks cryptocurrencies offer a viable alternative. In a…

Continue ReadingSocialite and Model Alexis Ren Doesn’t Trust the Dollar Economy, Says Crypto Is a Viable Alternative

An In-Depth Look at Olympus DAO Protocol and the Not-So-Stable Stablecoin OHM

In mid-October, Bitcoin.com News reported on how decentralized finance (defi) or algorithmic stablecoins have seen significant demand in 2021. One particular stablecoin called OHM is quite different from the traditional…

Continue ReadingAn In-Depth Look at Olympus DAO Protocol and the Not-So-Stable Stablecoin OHM

Ethereum Captures New All-Time Price High — ETH Market Cap Surpasses $510 Billion

Nine days ago, bitcoin reached a new all-time high (ATH) and now the second leading crypto asset ethereum has tapped an ATH on Friday morning. Ethereum reached a high of…

Continue ReadingEthereum Captures New All-Time Price High — ETH Market Cap Surpasses $510 Billion

5 Dollar-Pegged Tokens Command 94% of the Swelling $135 Billion Stablecoin Market Cap

During the last month, four out of five of the top stablecoins by market capitalization saw their valuations swell in size. At the time of writing, there’s $135.4 billion in…

Continue Reading5 Dollar-Pegged Tokens Command 94% of the Swelling $135 Billion Stablecoin Market Cap

Nigerian Central Bank: We Are Not Worried About the Naira’s Valuation

The Central Bank of Nigeria (CBN)’s director of monetary policy, Hassan Mahmud, has suggested that the institution is not worried about the naira’s valuation but is instead interested in “boosting…

Continue ReadingNigerian Central Bank: We Are Not Worried About the Naira’s Valuation