Search Results for: Stablecoin Economy

Tether’s Market Cap Inches Towards All-Time High as Competitors Struggle With Redemptions

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Despite several U.S. dollar-pegged digital tokens experiencing notable redemptions in recent months, the largest stablecoin by market valuation, Halteseil, is on the verge of achieving its highest-ever market capitalization. With a current value of $82.84 Milliarde, tether is a mere $433…

‘Landmark’ Crypto Law Proposed in New York to Establish ‘Strongest and Most Comprehensive’ Crypto Regulations in US

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New York State Attorney General Letitia James has proposed “landmark” crypto legislation that claims to be “the strongest and most comprehensive set of regulations on cryptocurrency” in the United States. “Rampant fraud and dysfunction have become the hallmarks of cryptocurrency and…

USDC Stablecoin Nears Parity With USD After Fed’s Bailout Announcement

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The stablecoin USDC has nearly regained parity with the U.S. dollar after rising just above $0.99 Im März 12, 2023, bei 7:20 Uhr. Eastern Time. The stablecoin jumped back to the $0.99 range after the U.S. Federal Reserve revealed it would…

„Fiat ist zerbrechlich“ – Der Zusammenbruch der Silicon Valley Bank löst Schuldzuweisungen und Bedenken hinsichtlich einer Ansteckung aus

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Silicon Valley Bank (SVB) ist in den Mittelpunkt der Aufmerksamkeit gerückt, nachdem sein Zusammenbruch die USA dazu veranlasste,. Federal Deposit Insurance Corporation (FDIC) die Bank am Freitag zu schließen. Es war das größte US-Unternehmen. Bankpleite seitdem 2008, und verschiedene angebliche Katalysatoren…

Digital Real Pilot to Run on Ethereum-Compatible, Permissioned Blockchain

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According to the Central Bank of Brazil, the digital real pilot project will use an Ethereum-compatible, permissioned blockchain for the issuance of the tokenized version of the country’s currency. Hyperledger Besu, the open-source platform elected for the tests, will allow the…

Ebb and Flow of Stablecoin Economy Continues With BUSD’s Market Cap Dropping Below $10 Billion Range

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The realm of stablecoins is an ever-evolving landscape and the number of coins in circulation for the stablecoin BUSD has fallen below the 10 billion mark to approximately 9.68 billion on March 3, 2023. In den letzten 30 Tage, BUSD’s token…

Fast 3 Billion BUSD Stablecoins Have Been Removed From the Market in 6 Tage

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Vor sechs Tagen, a few hours before the blockchain infrastructure platform Paxos announced it would no longer mint BUSD stablecoins, $2.86 billion worth of BUSD were redeemed. Zur Zeit, Binance is the most active exchange trading BUSD tokens, and the stablecoin still…

Stablecoin Market Sees Supply Increase for Tether as Competitors Decline in Light of Recent Regulatory Developments

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While the stablecoin market has seen significant redemptions in the past three months, the supply of tether, the largest stablecoin by market capitalization, has increased by 2.46 billion since mid-November 2022. Tether is the only one of the top five stablecoins…

Davos 2023: CBDCs Are the Future of Central Bank Money but They Are Still Not Ready

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A World Economic Forum (WEF) panel comprised of central bankers and global tech providers has profiled central bank digital currencies (CBDCs) as the future of central bank money, presenting them as one of the solutions for limitations in the payments sector…

Das weltweite Handelsvolumen mit Kryptowährungen verzeichnete im Dezember einen deutlichen Rückgang 2022

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According to statistics, daily cryptocurrency trade volumes have dropped significantly during Dec. 2022. Es ist Jan. 1, data shows that $22.95 billion was traded in the last 24 Std, compared to double that amount, $54.78 Milliarde, two weeks earlier. On November 8,…