Tag: Stablecoins

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…

US Treasury Department Officials Discuss ‘Risks And Benefits Posed By Stablecoins’ With Players From Financial Industry

The U.S. Treasury Department is reported to have held meetings with participants from the country’s financial industry to discuss “the risks and benefits posed by stablecoins.” In addition, officials are…

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…

Credit Agency Moody’s Looks To Hire Crypto Analyst, Strong Understanding Of Defi Important

One of the Big Three credit rating agencies, Moody’s Corporation, often referred to as Moody’s, has listed an employment opportunity for a “crypto-asset analyst.” Moreover, Moody’s job listing shows the…

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…

From $250 Billion To $2.35 Trillion: A Look At The Top Ten Crypto Market Cap Shifts Over 2 Years

While the crypto economy is worth more than $2.35 trillion, there’s a variety of new cryptocurrencies that have claimed top ten positions, in terms of market capitalization, in recent times.…

NBA’s Dallas Mavericks’ Shop To Give Rewards To Customers Paying With Dogecoin And Other Cryptos

The professional basketball team owned by the billionaire Mark Cuban, the Dallas Mavericks, announced “Mavs Cryptomania,” which gives Dallasmavs.shop customers a $25 e-gift card if they pay with cryptocurrencies like…

Huobi Stablecoin Issuer Publishes Attestation Reports Tied To HUSD Reserve Backing

The crypto financial services company Huobi and the firm’s stablecoin issuer Stable Universal have published monthly HUSD attestation reports. The audits indicate the funds that back Huobi’s stablecoin are kept…

Future Of Digital Euro ‘Not Clear Yet,’ Former Eurogroup Official Says

Europe’s digital currency project has made some progress recently, with the Eurozone’s central bank moving to its next stage. Critics point, however, to the continuing lack of clarity around the…