Experts Optimistic About Crypto’s Resilience Amidst Banking Crisis

The U.S. banking system is currently in turmoil, with several banks struggling to stay afloat and others facing unprecedented financial difficulty. Banks are closing, mergers are happening, and bailouts are becoming the norm. It is an alarming situation and one that is causing serious concern within the banking industry, particularly concerning the long-term implications for…

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APT Has Reached New Highs Following An Epic 370% Rally, What’s Causing It?

As the year 2023 began and the crypto market started to show signs of a recovery, all eyes were on the major cryptocurrencies. The crypto communities wanted to know how well the major cryptocurrencies were going to perform in a bullish trend after a long winter. Aptos has come out of nowhere Just when most…

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Settlement Volume Of Tether Surpasses Major Online Payment Services Giants

Tether, commonly known as USDT, the largest stablecoin in the entire crypto-verse by market valuation has earned a new achievement. The stablecoin’s trading volume has surpassed the likes of two major online payment services giants in the year 2022. The two major payment services giants being referred to are Visa and Mastercard. $18.2 Trillion Worth…

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An Analysis of How Crypto Industry Is Ending 2022

Global Crypto Economy Shrinkage Up To $1.5 Trillion About a year ago now, the crypto economy could easily be evaluated at a whooping value of $2.334 Trillion. However, from 20th December 2021 till 20th December 2022, the economy lost roughly $1.5 Trillion. Today, the global crypto economy is resting at a value which is less…

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Coinbase Is No Longer Supporting USDT As It Is Encouraging Users To Adopt USDC

Coinbase, a cryptocurrency exchange based in the United States seems to have decided to change its stance towards Tether (USDT). The exchange is communicating to its users that USDT is no longer a reliable stablecoin. Instead, the users must switch to a different stablecoin, asking them to go for USD Coin (USDC). Coinbase Asks Users…

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Rivalry Unfolds Between Ethereum Merge Hard Forks’ Proof-of-Work Projects

The Ethereum transition to ETHPoS saw the blockchain do away with miners. However, the future of the miners that chose to maintain Proof-of-Work has several uncertainties. Led by Chinese miner Chandler Guo, they created a post-merge ETHPOW and ETHW. The hard fork had a rocky start, but it’s now running. At the time of writing,…

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Tether Leads USDC with $16B Market Cap Gap as Binance Minimizes Stablecoin Competition

In June 2022, the market cap gap between USDC and USDT was only about $10B. It seemed as if USDC was closing the gap and overtaking USDT, its biggest rival. The two most popular stablecoins began the year with a market cap gap of nearly $36B. However, a recent shift of events has seen Tether’s(USDT)…

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Binance Recovers Over 80% Of Funds Stolen From Curve Finance 

According to reports, Binance, a famous cryptocurrency exchange, has recovered a large chunk of the assets stolen in the latest Curve Finance breach. About $450,000 have been frozen and reclaimed by the firm. Changpeng Zhao, the CEO of Binance, confirmed the news on his Twitter account. This means that approximately 80% of the plundered funds…

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Regulate Crypto Now Or Regret Later – Vice-Chair Of US Fed

Lael Brainard, the vice-chair of the US Fed, advised attendees at a Bank of England seminar in London on July 8th to regulate crypto now or regret it later.  Brainard asserted that cryptocurrency needs “strong guardrails.” This is because it faces the same fundamental dangers as conventional finance. She provided the recent market slump as…

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Bitcoin Global Introduces Tether (USDT) Trading

The Peer-to-Peer (P2P) cryptocurrency exchange Bitcoin Global has announced to introduce the stablecoin Tether (USDT) trading on its trading platform. The company announced the trading support for Tether after the customers’ demand for the stablecoin increased. Bitcoin trading is already supported on the platform of Bitcoin Global. USDT trading is now available on Bitcoin Global…

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