Stablecoin - Tag Archives - Cryptonews (Page 52)

Massive Short Interest Pushes Funding Rate of Tron’s TRX to Negative 500% Annually

The price to short the Tron blockchain’s native token TRX reached as high as 500% annually on crypto exchange Binance today, as traders rush to place bets that the token will fall further.News of the sharp spike in the so-called funding rate for the TRX perpetual futures contract on...

, by Fredrik Vold

Bitcoin Mining Difficulty Ticks Up, Solana’s USD 100M Bet, NFT Ticketing + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________Mining newsThe Bitcoin (BTC) mining difficulty, or the measure of how hard it is to compete for mining rewards,...

, by Sead Fadilpašić

USD 100M Cronos Accelerator, Citadel Mulls Crypto ETFs, USD 6M Bug Bounty + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________Investments newsLayer 1 blockchain network Cronos (CRO) launched a new USD 100m-backed accelerator program for...

, by Linas Kmieliauskas

Here’s What US Senators Put in New Crypto-Friendly Bill

In a bipartisan effort to pave the way for more crypto-friendly regulations in the US, Wyoming Republican Senator Cynthia Lummis and Democratic senator representing the state of New York, Kirsten Gillibrand, are set to introduce a new draft bill today, dubbed the 'Responsible Financial...

, by Jaroslaw Adamowski

Justin Sun’s Tron Reveals More Details of USDD Backing in a Move to Distance It from UST

Crypto entrepreneur Justin Sun’s blockchain Tron (TRX) has revealed details about the backing of its new algorithmic stablecoin USDD in what appears to be an effort to maintain confidence in the project following the collapse of major algorithmic stablecoin terraUSD (UST).According to...

, by Fredrik Vold

MakerDAO ‘Endgame Plan’ Calls for Specialized DAOs, Says Protocol is Held Back by Complexity

A detailed proposal to bring the MakerDAO (MKR) protocol to a “predetermined, immutable end state” by setting up several new decentralized autonomous organizations (DAO) has been published by the protocol’s founder Rune Christensen. The plan aims to improve governance and...

, by Fredrik Vold

Big Wallets Exited Anchor/UST While Smaller Fish Continued to Invest – Jump Crypto

A number of bigger Terra (LUNA) ecosystem investors abandoned their positions as the terraUSD (UST) peg began to slip away last month – with smaller-scale investors continuing to buy as the coin’s price plummeted, according to the trading firm Jump Trading Group’s...

, by Tim Alper

Japanese Parliament Green-lights Stablecoin Legislation, FTX Makes Official Japanese Debut

Japan’s upper parliamentary house, the House of Councillors, has approved a legal amendment that will police stablecoin issuance and ensure that only regulated companies are allowed to issue cryptoassets.Per Nikkei, the lawmakers voted in favor of an amendment to the Funds Settlement...

, by Tim Alper

Coin Race: Top Winners/Losers of May; Is Summer Coming for Crypto Holders?

June is here, summer has arrived, and the outlook for the crypto market has in recent days finally seemed a bit brighter.But although there have been some green shoots in the past few days, the past month as a whole has still been rather miserable for most crypto investors. The falling prices...

, by Fredrik Vold

Bitcoin Miners Under ‘Stress’, Euro’s Purchasing Power Wanes, Fidelity Beyond BTC + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________Mining news There are "a lot of signs of stress" in the Bitcoin (BTC) mining industry right now as the price of BTC...

, by Linas Kmieliauskas

Latin American Investors ‘Hoping to Ride Crypto Prices to the Moon’ as Adoption Set to Continue

A report on the state of crypto in the Latin America region has concluded that adoption is likely to continue apace for the rest of the year – and will find fertile ground for growth in the world of cross-border payments and “crypto credit cards.”The report was issued by...

, by Tim Alper

WAVES Skyrockets as Details of DeFi Revival Plan Unveiled, Still Down 85% from ATH

The native token of the blockchain platform Waves (WAVES) has risen sharply in price this week, as a new master plan to bring back confidence in decentralized finance (DeFi) on the network has been unveiled.At 11:08 UTC on Tuesday, WAVES stood at USD 9.2, up 63% over the past 24 hours and up...

, by Fredrik Vold

LUNA Rallies as Binance Airdrops Token to Users

The price of the new Terra chain’s native token LUNA rose in the market on Tuesday, as the major exchange Binance airdropped it to users and listed it for trading earlier in the morning.At the time of writing (09:37 UTC), LUNA traded at USD 8.54, up a massive 43.1% in the past 24...

, by Fredrik Vold

MoneyGram to Support Transfers via Stablecoins, CEO Says Crypto is ‘Obviously Here to Stay’

Major money transfer company MoneyGram aims to launch a new service that would enable users to transfer money overseas via stablecoins.The initiative comes in partnership with the Stellar (XLM) blockchain, a decentralized protocol specializing in cross-border transactions, and it would enable...

, by Ruholamin Haqshanas

USDD vs UST: Is Justin Sun’s New Stablecoin Just a Clone of UST?

UST, a stablecoin that's supposed to maintain a price peg with the US dollar 1:1, spiraled out of control to reach as low as USD 0.10 this month. Following the momentous rise of UST in just a few months, only a few predicted its monumental crash, especially with the dominance stablecoins were...

, by Alex Lielacher

Russia Mulls Crypto for Int’l Payments, Fed Vice Chair Sees Place for Digital Dollar, NFT Game Blocks Users in China + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________Adoption newsRussia is considering allowing crypto to be used for international payments, Reuters reported, citing...

, by Sumejja Muratagić-Tadić

# Stablecoin (Page 52)

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