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How stable are stablecoins in the FTX crypto market contagion?
29.11.2022
The collapse of crypto-exchange FTX hit the crypto world like a tropical storm. It bears asking once again: How stable are stablecoins?
Stablecoin Economy Continues to Shrink Shedding Close to 5% in 2 Months
28.11.2022
During the last month, the market capitalization of all the stablecoins in existence dropped by more than 2%, shedding roughly $2.98 billion since the end of October. Statistics show that tether, the largest stablecoin by market valuation, saw its market cap lose more than 5% during the last...
A Dozen Digital Assets Record Double-Digit Gains as Crypto Markets Begin to Heal After FTX’s Collapse
27.11.2022
At the time of writing the global cryptocurrency market capitalization is hovering around $842 billion on Sunday, Nov. 27, 2022. Bitcoin prices consolidated since the start of the week, as seven-day stats indicate the price of bitcoin has dropped by 0.02% this week. Meanwhile, while bitcoin prices...
Dubai Multi Commodities Centre to Issue Gold Backed Tokens Using the Xinfin Blockchain Protocol
23.11.2022
The Dubai Multi Commodities Centre (DMCC) has announced a new partnership with the firm Comtech Gold in order to digitize gold trading. The DMCC said the tokenized precious metals are backed by DMCC Tradeflow-registered gold bars, and each tokenized gold bar “will be backed by a Tradeflow warrant.”...
Blockchain-based infrastructure forges the future for carbon markets, crypto and commodities
23.11.2022
Rising from the ashes of old crypto exchanges, a new paradigm arises
Tether vs. USD Coin on-chain data reveals two very different stablecoins
23.11.2022
The market cap of Tether dropped amid the FTX fiasco while USD Coin supply increased by $2 billion
Bitcoin will survive failure of ‘any giant’ in crypto, Samson Mow says
22.11.2022
Bitcoin cannot be destroyed by the fall of cryptocurrency giants like FTX or, hypothetically, other big exchanges, according to Samson Mow
Crypto Economy’s Market Cap Slides Below $800 Billion for the First Time Since December 2020
21.11.2022
The global cryptocurrency market capitalization has dropped below the $800 billion region for the first time in 691 days or since December 30, 2020. Bitcoin has dipped below the $16K region dropping 5.12% over the past 24 hours, and the second leading crypto asset ethereum shed 7.61% on Monday...
Binance, OKX and Bybit suspend USDT and USDC deposits on Solana
17.11.2022
The Solana cryptocurrency continues crashing amid the FTX crisis, plummeting 7% on the news of exchanges halting deposits in Solana-based stablecoins
Tether Says It Had No Exposure to Genesis Global and Gemini Earn, Crypto Experts Are Doubtful
17.11.2022
Tether, the issuer of the major stablecoin USDT, denied having exposure to either Genesis Global Capital or Gemini Earn yield product.
The company said in an announcement that it was “operating business as usual,” claiming that,
“With recent news surrounding Genesis today, Tether would like...
Tether says it has no exposure to Genesis Global or Gemini Earn
16.11.2022
The stablecoin operator said the reliability of its reserves is important to highlight “at a time like this.” Tether has historically had issues with transparency
Ethereum price weakens near key support, but traders are afraid to open short positions
16.11.2022
ETH price hovers at a key support level and while it is softening, data shows pro traders are reluctant to go short
US Law Enforcement Directs Paxos to Freeze More Than 11,000 PAXG Tokenized Gold Coins
14.11.2022
According to the blockchain infrastructure company Paxos, the firm has frozen 11,184.38 pax gold (PAXG) tokens held on the platform FTX.com. The regulated token issuer noted that it was directed to freeze the PAXG tokens after “direction from U.S. federal law enforcement.” Paxos...
Tether blacklists $31.4M USDT following FTX's alleged hack, Musk reacts
12.11.2022
Billionaire entrepreneur Elon Musk, who recently purchased Twitter in hopes of unleashing the platform’s full potential, acknowledged Twitter’s contribution in tracking down the FTX developments in real time
Tether Blacklists Mysterious FTX Wallets as Account Drainer Liquidates MATIC, LINK, AVAX Holdings
12.11.2022
The exchange’s public wallets hold just over $52,000, data shows
FTX funds on the move: bankruptcy proceedings, insider threat or a hack?
12.11.2022
The wallet address in question received funds from various international and U.S.-based wallets linked to FTX, which amassed over 83,878.63 ETH (worth over $105.3 million) in just two hours
Traders take a neutral position after Ethereum futures contracts see massive liquidations
11.11.2022
ETH price plummeted to a 4-month low at $1,070 after a wave of futures liquidations
$46.5 Million USDT Owned by FTX Frozen by Tether at Request of Law Enforcement
11.11.2022
Major stablecoin issuer Tether froze $46.5 million of USDT held by the collapsing crypto exchange FTX, reportedly at the request of law enforcement.
Specifically, this is the USDT held on the Tron blockchain in a wallet belonging to FTX, according to block explorer Tronscan.
This wallet contains...
Tether CTO confirms no plans to rescue FTX
11.11.2022
FTX won’t be getting a bailout from Tether who confirmed it isn’t planning to provide a cash injection despite the CEO reportedly reaching out to multiple firms for help
Major stablecoins destabilized as market volatility and redemptions surge
11.11.2022
Nearly all major stablecoins lost their dollar pegs amid the FTX saga, but most have recovered again as markets stabilize