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It has been a week since Ethereum’s Shapella hard fork, and statistics indicate that ethereum deposits on April 18 have exceeded withdrawals for the first time since the upgrade. At present, 929,999 ether worth $1.94 billion is pending withdrawal, and over the past three days, 112,568 ether has been added to liquid staking protocols. Just … Read more
According to the recent complaint by the U.S. Securities and Exchange Commission (SEC) against Bittrex, the securities regulator insists that a few crypto asset tokens were offered and sold as investment contracts and are securities. The news follows the SEC’s designation of several crypto assets as securities, including the case against Terraform Labs, which insists … Read more
Since January 2023, the number of tether stablecoins in circulation has grown from 66 billion to the current 80.9 billion, representing growth of more than 22% this year. Tether’s growth is approaching the high of $83 billion in stablecoins in circulation that the project saw almost a year ago, in May 2022. Tether Supply Is … Read more
The market capitalization of Tether is nearly a billion dollar away from reaching a new lifetime peak while rival stablecoins struggle. Go to Source Powered by WPeMatico
A principal economist of the European Commission shares his views on stablecoins and the future of regulations in Europe. Go to Source Powered by WPeMatico
The likes of Polygon co-founder and many other decentralization proponents called blocking the address a bad precedent. Go to Source Powered by WPeMatico
Tether supply across cryptocurrency exchanges has dropped 28% in 2023, however, hinting at an overall decline in demand for stablecoins. Go to Source Powered by WPeMatico
The stablecoin provider denied the allegations that began to surface in regard to its exposure to the now-collapsed Signature Bank. Go to Source Powered by WPeMatico
At the time New York regulators took control of Signature in March, there was reportedly a system in place for Tether clients to send dollars though the bank’s Signet platform. Go to Source Powered by WPeMatico
A major stablecoin depegging event raised concerns about the stability of these assets amid a U.S. banking crisis. The result may have been an improvement in their position in traditional finance. Go to Source Powered by WPeMatico
