The recent cryptocurrency crash has propelled many stablecoins up the market cap rankings, with six dollar-pegged crypto assets currently ranking in the top 50. While most cryptocurrencies have seen their market capitalization slashed over the past month, the market meltdown has seen stablecoins ascend the market cap rankings. As of press time, six stablecoins currently…
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This week started with a fresh increase in selling pressure on bitcoin below the USD 5,500 resistance area. BTC/USD broke a couple of key supports near the USD 5,200 and USD 5,000 levels to enter a bearish zone. It seems like there are chances of more losses below USD 4,800 and USD 4,750. Similarly, all…
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In an attempt to increase liquidity for institutional crypto investors, major crypto exchange Bitfinex, a sister company of stablecoin issuer Tether (USDT), has announced that it has onboarded a multi-million-dollar crypto hedge fund called Fulgur Alpha. The exchange says in the press release that the Bahama-based Fulgur Alpha is a USD 280 million "absolute returns…
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The cryptocurrency’s ability to keep functioning despite price fluctuations is making it increasingly at odds with liquidity injections and circuit breakers. Bitcoin (BTC) has failed to hold onto gains once again as commentators warn that the interest rate cuts by the Federal Reserve are “not a drill.” After the United States’ central bank cut rates…
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While the current Covid-19 pandemic is already hurting the global economy, it’s actually beneficial for stablecoins, and it’s proving that they work, claims the CEO of crypto financial services firm Circle, Jeremy Allaire. Not all stablecoins have had a reason to celebrate though. With the rise in the market demand, came the rise in market…
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The digital asset marketplace will start offering XTZ, in-house cryptocurrency of blockchain project Tezos, for trading on Monday. On March 16th, digital asset marketplace Binance.US will list XTZ, the in-house cryptocurrency of blockchain project Tezos. According to an announcement on Binance’s website, trading for XTZ/USD and XTZ/BUSD trading pairs will be available on Monday, March…
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People are dying, Bitcoin is crashing, the coronavirus is spreading all over the globe, which means it might just be the perfect time to be bullish on BTC. Bitcoin (BTC) hodlers deserve a pat on the back for making it through this last week, as BTC witnessed its largest sell-off in history, in terms of…
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Coronavirus relief efforts continue as an Ethereum-based dev crowdfunding platform pledges $50,000 in grants towards public health projects. The proliferation of cryptocurrency companies seeking to donate or raise funds for coronavirus relief efforts continues. Ethereum-based crowdfunding platform, Gitcoin, is advancing this trend by pledging at least $50,000 in development grants toward coronavirus-related initiatives. On March…
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Data companies are bringing transparency and accountability to the crypto market, making way for institutional investments. On Feb. 26, the Securities and Exchange Commission announced the rejection of yet another ETF submission from Wilshire Phoenix, a New York-based investment firm, citing a lack of resistance to market manipulation and fraudulent activity. The filing stated that…
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The US-based crypto exchange announced in a Friday blog post they would finally be offering transaction batching on their platform. Major cryptocurrency exchange Coinbase recently unveiled a new feature on its platform designed to save users money on transactions fees. According to a blog post released by the exchange on March 13, Coinbase would immediately…
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