Cryptocurrency News

Tether Printer on Overdrive, Minting 1B USDT...
Tether has minted $1 billion in USDT on the TRON network, adding to the billions it has minted during the previous week. Tether has minted $4 billion in USDT in total over the last seven days.
- Mar 22, 2023 at 10:33 am

Florida Governor Ron DeSantis has proposed legislation...
Florida Governor Ron DeSantis has stated his support for legislation that would prohibit the use of a Central Bank Digital Currency (CBDC) as legal tender within the state.
- Mar 20, 2023 at 9:08 pm

Price of Ethereum Underperforms and Turns At...
The price of Ethereum has underperformed and is at risk of a downside break. The report states that Ethereum has been trading in a range between $3,000 and $3,500 since the beginning of March. However, the price has failed to break above the $3,500 resistance level, which is a bearish sign.
- Mar 20, 2023 at 9:59 am

Decentralized Exchanges Posted Record $25B Daily Volume...
Decentralized exchanges (DEXs) have been making headlines in the cryptocurrency world recently, with their record-breaking daily trading volumes. In particular, on March 14, 2023, DEXs posted an all-time high of $25 billion in daily trading volume, with the stablecoin USDC experiencing a depegging event.
- Mar 16, 2023 at 9:12 am

Bitcoin price nears $25K as analysts place...
Analysts believe that the CPI report, which is scheduled to be released in the coming days, will show a significant increase in inflation. This is due to a combination of factors, including supply chain disruptions, higher energy costs, and increased demand as the economy continues to recover from the COVID-19 pandemic.
- Mar 15, 2023 at 10:47 am

DeFi Protocol Curve’s $500M Stablecoin Pool Hammered...
Curve Finance, a decentralized finance (DeFi) protocol, has experienced a significant drop in its USDC stablecoin pool, with traders reportedly fleeing the platform in droves.
- Mar 12, 2023 at 10:19 am

Silicon Valley Bank’s Collapse Depegs USDC, Stablecoin...
The USD Coin (USDC) has fallen below $0.90, signaling a sharp depegging from the US dollar, due to Circle's exposure to Silicon Valley Bank, which recently collapsed. Circle confirmed it had $3.3 billion at the bank as it could not withdraw its balances in time. The cryptocurrency exchanges Binance and Coinbase have temporarily halted conversions involving USDC, with Coinbase announcing a pause in conversions of USDC:USD over the weekend. While not as impactful as a Tether (USDT) collapse, the USDC depegging highlights the vulnerability of stablecoins to banking issues. Bitcoin and Ethereum also struggle with selloff pressure near $20,000 and $1,400, respectively.
- Mar 11, 2023 at 8:21 pm

Elon Musk Shows Interest In Buying The...
Musk's interest in SVB is also a reflection of the growing importance of the tech industry in the financial world. With more and more tech companies entering the financial sector and offering new products and services.
- Mar 11, 2023 at 10:11 am

Brazil’s digital real makes its debut on...
The launch of Brazil's digital real is a significant development for the blockchain and cryptocurrency industries. It represents a major step towards the mainstream adoption of digital currencies and could have far-reaching implications for the global financial landscape.
- Mar 09, 2023 at 10:14 am