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Today in Crypto: BIS Presents Seven-Point Plan to Prevent CBDC Cyber Attacks, Multiple Scam Warnings Are Issued, Preliminary Hearing for Terraform Co-Founder Daniel Shin Held on Monday

July 11, 2023

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: BIS Presents Seven-Point Plan to Prevent CBDC Cyber Attacks, Multiple Scam Warnings Are Issued, Preliminary Hearing for Terraform Co-Founder Daniel Shin Held on Monday Read more »Sign up…
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Bitwage Purges USDC Payments for US Residents Due to a ‘More Strict Regulatory Climate’

July 7, 2023

Bitwage, a cryptocurrency payroll company, has announced it will remove USDC-based payments for U.S. residents. In an email sent to U.S.-based customers, Bitwage explains removing the second-largest stablecoin by market cap from its platform is related to a “more strict regulatory climate” in the U.S. regarding crypto. Bitwage Drops USDC Payments in the U.S.…
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New Proposal: Hong Kong Should Issue Stablecoin to Rival USDT and USDC

July 5, 2023

In a revolutionary move, Hong Kong is exploring the idea of launching its Stablecoin, HKDG, to rival established Stablecoins like USDT and USDC. As reported by Wu Blockchain, the proposal, co-authored by prominent figures in academia and industry, including Vice Chancellor Wang Yang and angel investor Cai Wensheng, aims to enhance Hong Kong’s position in…
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Redemptions Plague Stablecoin Economy, Wiping Out Over $2 Billion in June

July 3, 2023

The market capitalization of the stablecoin economy on July 2, 2023, has fallen below the $129 billion mark to the current $128.21 billion, according to statistics. Just over $2 billion in stablecoins have been withdrawn from the stablecoin token economy since May 28. Stablecoin Economy Faces Contraction as Market Capitalization Dips Below $129 Billion The…
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Russians Turned to Tether During Wagner Revolt

June 27, 2023

Russian citizens sought refuge in tether amid the brief mutiny of the Wagner mercenary group that shook their country. The ruble-denominated trading volume of the U.S. dollar-pegged stablecoin spiked during the short-lived rebellion, market data revealed. Russians Traded Millions of Dollars’ Worth of Tether in a Day of Unrest Triggered by Wagner Many Russians have…
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Binance US Restores USD Withdrawals, Suggests Users Withdraw or Spend Their Dollars

June 23, 2023

The U.S. subsidiary of the world’s largest crypto exchange, Binance, announced it has resolved the issues with U.S. dollar (USD) withdrawals. The trading platform, which recently averted an asset freeze sought by the United States Securities and Exchange Commission (SEC), informed customers, however, that withdrawal services are likely to be discontinued again. Binance US May…
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Binance Introduces Zero Maker Fees for TUSD Trading Pairs – The Next Tether Stablecoin?

June 23, 2023

Crypto exchange giant Binance has announced a new zero-maker fee promotion for stablecoin TUSD. Starting from 30th June, the promotional offer covers both spot and margin trading for TrueUSD. The zero trading fee promotion for USD stablecoin applies to all existing and new USD stablecoin pairs on Binance spot and margin markets, as per the…
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Exploring Crypto Whale Concentration: Unveiling the Rich Lists of the Top 10 Cryptocurrencies

June 22, 2023

In the past ten years, a myriad of digital currencies have emerged alongside bitcoin, forming a cryptocurrency ecosystem now worth $1.2 trillion. Within this realm, enigmatic figures known as crypto whales have played a pivotal role in the distribution, trading, and accumulation of coins across various projects. This study delves into the ten most valuable…
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Today in Crypto: Citadel & Fidelity-Backed EDX Launches Trading, Core Scientific Files Chapter 11 Bankruptcy Plan, Canadian Securities Administrators Warns About Fraudulent Crypto Companies

June 21, 2023

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Citadel & Fidelity-Backed EDX Launches Trading, Core Scientific Files Chapter 11 Bankruptcy Plan, Canadian Securities Administrators Warns About Fraudulent Crypto Companies Read more »Sign up for e-EUR –…
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DAI Emerges as Third-Largest Stablecoin, Overtaking BUSD in Market Capitalization

June 17, 2023

Makerdao’s DAI stablecoin is now the third-largest stablecoin by market capitalization, surpassing Binance USD (BUSD), which has officially declined to $4.304 billion. DAI’s market valuation on Friday, June 16, 2023, is approximately $4.394 billion, but the number of circulating DAI has decreased by 5.7% since last month. Stablecoin Rankings Shuffle: DAI Ascends to Third-Largest Stablecoin…
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