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.…
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The Criminal Investigation Bureau has charged the suspects with fraud, money laundering and breaches of the Organized Crime Prevention Act. Taiwan’s police administration has reportedly arrested 14 people for running a $5.41-million (150 million New Taiwan dollars) investment scam over the past year, involving more than 100 cryptocurrency investors. CIB investigator Kuo Yu-chih said that…
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Following the bug and the split that occurred after a great number of Geth nodes did not upgrade, Ethereum fees have risen dramatically since August 21, jumping from $11 per transaction to today’s 0.0088 ether per transaction ($27.98). Ethereum Transaction Fees Skyrocket Ethereum is the second-largest crypto asset in terms of crypto market capitalization with…
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Quantstamp, Status Research, Civic Technologies, HDR Global Trading and Kaydex are off the hook, after five securities related lawsuits were dismissed in New York Courts earlier this week. Five proposed class-action lawsuits against crypto firms have been voluntarily dismissed without prejudice in New York federal courts — without costs or attorney fees to any party.…
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Ethereum is starting to lose ground to its competitors for USDT usage, and Hermez may help to fix that. Tether (USDT) has now launched on Hermez Network, an Ethereum scalability solution based on the zk-rollup concept. Rollups provide a way of batching or “rolling up” transactions to lighten the load on the Ethereum network. The…
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WINk’s low-cost yield farming offerings are attracting retail DeFi investors who have been priced out of Uniswap due to high Ethereum gas costs. Decentralized finance has exploded in popularity over the past year and many analysts have pointed to the 2020 ‘summer of DeFi’ as the primary catalyst for the rallies seen in Ether (ETH) and…
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Blockchain gambling and gaming projects have seen their token prices triple as the COVID-19 lockdowns alter the nature of entertainment. Global developments over the past year have reshaped all aspects of daily life for most people and initiated some structural changes in how society operates. Lockdowns and travel restrictions have led to the rise of…
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The recent Tether burn seems to have involved a lot of trust between Binance and its counterparties. On August 20, a Tether swap worth $1 billion happened — it involved Binance, Bitfinex, and a major fire dumpster on TRON (TRX) blockchain. Tether flows. Source: Flipside Crypto. From time to time, the news of Tether burning…
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The price of Bitcoin has been testing $10,000 support the entire weekend but did the futures gap finally get filled by a chart candle downwick? The markets are bleeding out. Ether (ETH) dropped from $500 to $300 in a matter of days, people are screaming that the DeFi bubble has burst already, and are crying…
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Company representatives declined to learn key details of the Twitter hack after offering seven figures for them. There is more to Tron’s bounty on the Twitter hackers than the company is willing to talk about. An anonymous source contacted this Cointelegraph reporter, asking to be put in touch with Tron to collect the company’s $1…
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