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Expanding Crypto Market Caps by 500% to 1,300%: Stablecoin Issuance Saw Significant Growth Last Year
11.1.2022
As crypto-assets grew immensely in value last year, the growth of the stablecoin economy swelled as well and today, there’s $170.24 billion worth of stablecoins in circulation. Data indicates that over the last 12 months, a slew of stablecoin valuations grew exponentially. 12-Month Stats...
Crypto Market Sentiment Falls, Bitcoin and Ethereum Out of the Positive Zone Again
10.1.2022
Following a slight and short-lasting improvement, the market sentiment dropped once more over the past week. The average 7-day moving crypto market sentiment score (sentscore) for ten major cryptoassets stands today at 5.06, while a week ago it stood at 5.16, according to the market sentiment...
LCX Loses USD 8M in a Hot Wallet Hack
10.1.2022
Crypto exchange LCX fell victim to a hack over the weekend that drained it of nearly USD 8m worth of digital assets.
The hacker managed to compromise one of the exchange's hot wallets over the Ethereum (ETH) blockchain, stealing high amounts of ETH, USD coin (USDC), EURe, and SAND...
During April BTC Peak, 61% of Surveyed Financial Institutions Said Crypto Access 'Extremely' Important
6.1.2022
In the first half of last year, a robust 61% share of surveyed financial institutions considered access to cryptocurrencies “very” or “extremely” important to their corporate customers. This made crypto access the most cited financial services after payment acceptance, according to a survey...
Bitcoin Dips Below $44K, Crypto Economy Drops 4.5%, Traders Rush to Stablecoins
5.1.2022
The price of bitcoin dropped below the $44K zone on Wednesday to $43,678 per unit as the entire crypto-economy has shed billions in value. At the time of writing, the overall crypto economy is down 4.5% as it dipped to $2.25 trillion in value. Bitcoin and Crypto Economy Sheds Billions, Crypto Fear...
Tether’s Market Cap Nears $80B, USDT Represents 46% of the Stablecoin Economy
30.12.2021
This week the stablecoin giant tether reached a market capitalization of roughly $78.2 billion according to data. Over the last 30 days, tether’s market valuation grew by 5.6% and the stablecoin now represents 46% of the $168.3 billion stablecoin economy. Tether Market Cap is Less Than...
2021’s Digital Asset Shuffle: A Myriad of Crypto Market Cap Positions Moved Chaotically This Year
30.12.2021
2021 has been a bullish year for crypto assets. While prices have risen a great deal, the top ten and top twenty rankings in terms of market capitalization have also changed significantly. A great number of coins have either been pushed down or have entered the crypto economy’s top positions...
Ethereum Has Burned 1.2 Million ETH in 4 Months, Close to $5 Billion in Ether Destroyed
28.12.2021
With three days left until the end of 2021, the Ethereum network and its native token ether have had a phenomenal year as ether has increased more than 450% in value in 12 months. 145 days ago, on August 5, the Ethereum network implemented the London hard fork and since that day, 1,283,226 ether...
Stablecoin Economy Jumps 3.5% in 2 Weeks to $167 Billion, Fiat-Pegged Tokens Command Over 60% of Crypto Trades
25.12.2021
Since December 8, the stablecoin economy has grown 3.59% in 17 days as numerous stablecoin market valuations have issued more fiat-pegged tokens this month. On Saturday, December 25, the stablecoin economy’s $167 billion market valuation represents 6.68% of the entire $2.49 trillion crypto...
Ebay Alternative Platform Ethair Market Launches Its Token, Sellers Can Now Accept Crypto for Goods
23.12.2021
Ethair Market has listed ETHR token on Uniswap as a result of its first governance vote by the holders. Utilities of the token are directly tied to a user’s interaction with the marketplace. On top of the proprietary token, Ethair Market currently supports fiat and cryptocurrencies such...
Stablecoin Flippening: UST Becomes the Biggest Decentralized Stablecoin By Market Cap
21.12.2021
UST, one of the stablecoins of the Terra project, has become the largest stablecoin by market capitalization today, after having surpassed its Ethereum-based rival, DAI. UST is now the largest decentralized stablecoin in the market, closing a year of growth for the Terra ecosystem, which is...
Crypto Market Sentiment Falls Further as Ethereum Enters Neutral Zone
20.12.2021
The crypto market sentiment took a turn to the worse this week, with most major coins seeing a lower sentiment score (sentscore) today compared to last Monday. The 7-day moving average of the sentscore for ten major cryptoassets stood at 4.85 today, down from 4.96 a week ago, according to...
Avalanche eyes 60% rally as AVAX price breaks out of bull flag
18.12.2021
The bullish setup also emerged as crypto custodian BitGo announced that it would add AVAX to its service portfolio
USDC Sees Native Launch on Avalanche
17.12.2021
USDC, the second leading stablecoin by market cap, has been launched on the Avalanche blockchain as a native token. Previously, users wanting to get USDC in Avalanche had to bridge it via Ethereum. Now, Circle, the issuer of usd coin (USDC), will allow users to mint the tokens directly...
Circle and Endaoment to create USDC-based disaster relief fund for communities impacted by deadly tornado
16.12.2021
Yet another stablecoin philanthropy initiative launched by Circle during the past year
Bitcoin-focused NYDIG Raises USD 1B, Golden State FTX, Bitfinex Recovers 6 BTC + More News
14.12.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________
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Read More: Bitcoin-focused NYDIG Raises USD 1B, Golden State FTX, Bitfinex Recovers 6 BTC + More News
Crypto Market Sentiment Drops Again, Bitcoin Out of Positive Zone
13.12.2021
After hovering above the border between the scores of 4 and 5 for about a month, the market sentiment dropped below 5 over the past week. The average 7-day moving crypto market sentiment score (sentscore) for ten major cryptoassets stands today at 4.96, while a week ago it stood at 5.18...
Hacked AscendEX to Reimburse Users, Says 'Relatively Small Percentage' Impacted
13.12.2021
Crypto trading platform AscendEX, formerly known as BitMax, which was hacked for an estimated USD 78m worth of digital assets on Saturday, intends to "100%" reimburse all the affected users.
Updating users on the incident, the AscendEX team said that hackers compromised one of the exchange's...
Frax co-founder Sam Kazemian believes stablecoin regulations are currently too harsh
8.12.2021
He clarified that it's mostly fiat money stablecoins that bear the brunt of this regulatory scrutiny
Crypto Market Sentiment Down for Third Week in a Row
6.12.2021
Crypto market sentiment dropped for the third week in a row, now standing quite close to the bottom line of the 5-6 range. The average 7-day moving crypto market sentiment score (sentscore) for ten major cryptoassets is 5.18 today, whereas it was 5.22 a week ago, according to data provided...