The collapse of FTX led to a similar exodus from centralized exchanges, as users worried they may lose access to funds during crises.
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The collapse of FTX led to a similar exodus from centralized exchanges, as users worried they may lose access to funds during crises.
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Circle’s earlier disclosure that $3.3 billion worth of USDC reserves were held with Silicon Valley Bank resulted in it losing market share to its competitor USDT.
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Cryptocurrencies dropped in value yesterday after the New York Attorney General’s court filings against Bitfinex and Tether were published. Currently, the entire market capitalization is roughly $170 billion and most cryptocurrencies have lost 2-10% of their value since the announcement. Also read: Researchers Find Hundreds of Ethereum Wallets at Risk Due to Weak Key Pairs […]
The post Markets Update: Crypto Bulls Lose Footing After Stablecoin Controversy appeared first on Bitcoin News.
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There has been a massive influx of stablecoins in the cryptocurrency industry. The purpose of these currencies is very simple: maintain their peg to the US Dollars at all times. Surprisingly, that is a very difficult task for nearly all stablecoins, especially during these volatile times. None of the current stablecoins on the market can […]
The post None of the Stablecoins Maintain Their Peg Against the US Dollar appeared first on NullTX.
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