Source: Twitter, @haydentiff Dogecoin (DOGE) is among the best performing top cryptoassets today as major crypto exchange Coinbase confirmed its plan to list it, while Tesla’s Elon Musk said his team is helping the most popular meme coin. DOGE jumped by around 30% tonight (UTC) time following the news. At 03:27 UTC, it trades at…
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It appears that regulatory strife may well be in store for stablecoins, with experts opining that fiat-pegged tokens could fall under the scrutiny of financial policymakers. Quoted in the Financial Times, John Salmon, the head of the legal firm Hogan Lovells’ blockchain and cryptocurrency division, opined: “Certainly the direction of travel is to look at…
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Tether, the issuer of the most popular stablecoin, tether (USDT), presented its reserves breakdown for the first time. Per the company, almost 76% of its reserves on March 31 consisted of cash, cash, cash equivalents, and other short-term deposits & commercial paper. Cash’s share in this category is less than 4%. Reserves Breakdown, March 31…
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Once heralded as the future of global finance, it appears that the Facebook-led Diem project (formerly Libra) is now set to launch in the United States as a USD-pegged stablecoin. In a press release, Facebook and its Diem partners announced that it would be teaming up with the American crypto player and chartered bank Silvergate…
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Bitcoin price gained pace above the USD 57,500 resistance zone. However, BTC failed to settle above the USD 58,000 resistance. It started a downside correction and it is currently (12:20 PM UTC) trading well below USD 57,000. Besides, most major altcoins are correcting gains. ETH traded to a new all-time high near USD 4,375 before…
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Shiba Inu (SHIB) token has taken over the Cryptoverse, calling itself the dogecoin (DOGE) killer and prompting many to raise alarms. Meanwhile, 50% of SHIB’s total supply is deposited to the wallet of Ethereum (ETH) co-founder Vitalik Buterin, while the Ethereum fees skyrocket yet again and DOGE received another boost from Elon Musk. DOGE has…
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Aziz McMahon, Managing Director for Emerging Market Sales in the London office of Goldman Sachs, has reportedly quit the investment bank where he worked for more than 14 years after making "millions" from his investment in dogecoin (DOGE). While neither Goldman Sachs nor have McMahon confirmed or denied the news, undisclosed sources told news site…
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Bitcoin price gained pace above USD 59,000, but it failed to extend its move to USD 60,000. BTC started a downside correction and traded below USD 58,500. It is currently (12:20 PM UTC) holding the USD 57,500 support and it still might rise again to test USD 60,000 in the near term. Besides, most major…
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A report has concluded that China’s digital yuan has failed to impress in early large-scale pilots, drawing a “lackluster reception” from participants – a fact that could throw up “hurdles to yuan internationalization.” Bloomberg stated that it had interviewed a number of digital yuan users in Shenzhen, the city that has recently hosted the People’s…
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Those predicting an eventful weekend for dogecoin (DOGE) were proved correct after the token reached all-time high status before slumping spectacularly – with massive sell-offs following Tesla and SpaceX supremo Elon Musk (jokingly or otherwise) calling the token a “hustle.” At the time of writing, per Bybt data, almost USD 151m worth of DOGE trading…
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