Markets Update: Bloody Crypto-Markets Suffer More Losses

markets update bloody crypto markets suffer more losses

Market Updates Leading up until this Tuesday a great majority of cryptocurrency markets have lost considerable value over the past few days. Since our last markets update this past Saturday, the overall cryptocurrency capitalization as a whole has dropped significantly by losing $20 billion USD. All eyes will surely be fixed on digital asset charts this week as there’s been a plague of bearish market sentiment cast over the entire crypto-economy. Also read: Coingeek Speaks on Consensus Changes and Next-Gen ASIC Chip  There’s Blood in the Crypto-Streets When it comes to…

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An In-Depth Look at the Cryptocurrency Economy’s ‘Stablecoin’ Trend

an in depth look at the cryptocurrency economys stablecoin trend

Finance Back in the early days, cryptocurrency enthusiasts used to laugh at the thought of a stable cryptocurrency pegged to a specific fiat currency like the US dollar. Although nowadays things have changed and the digital currency tether (USDT) captures more cryptocurrency trade volume than most of the leading nation-state issued fiat currencies like the USD and JPY. Moreover, the past year or so more ‘stablecoins’ have been entering the crypto-economy, and some individuals think stablecoins are necessary elements for the future of this technology. Also Read: Wormhole Mainnet and Developers’…

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Controversial Stablecoin Tether Issues New Batch of USDT Tokens Worth $50 Million

controversial stablecoin tether issues new batch of usdt tokens worth 50 million

Tether (USDT) has issued new tokens worth $50 million on August 11, according to block explorer OmniExplorer. In late March, Tether had released 300 mln USDT tokens priced at $1 per token. Over the past 30 days, Tether’s market capitalization lost around $300 million, down from $2.7 billion in mid-July to the current $2.4 billion, according CoinMarketCap. Tether market cap 1 month chart. Source: Coinmarketcap Tether is now in second place after Bitcoin (BTC) in terms of highest daily trading volumes, seeing $4.2 billion in trades a day or 28.16…

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Stablecoins Gaining Popularity in India to Minimize Central Bank’s Impact

stablecoins gaining popularity in india to minimize central banks impact

News A growing number of cryptocurrency exchanges in India are adding stablecoins such as trueusd (TUSD) and tether (USDT) to their platforms. They are part of the solutions exchanges have come up with in order to minimize the impact of the crypto banking ban imposed by the country’s central bank. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Unocoin Adds TUSD Unocoin, one of India’s largest crypto exchanges, announced on Wednesday the addition of TUSD to its crypto-to-crypto platform, Unodax. An ERC-20 token built on the Trusttoken platform, each…

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Huge Demand for ‘P2P’ Crypto Trading Seen in India After RBI Ban

huge demand for p2p crypto trading seen in india after rbi ban

Exchanges Exchange-escrowed trading directly between cryptocurrency buyers and sellers is growing in popularity in India following the crypto banking ban imposed by the country’s central bank. One local exchange, in particular, is seeing “tremendous” response from Indian traders for this service as “tens of thousands of new users have signed up” in a month. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Indians Warming Up to New Solution Since the country’s central bank, the Reserve Bank of India (RBI), banned banks from providing fiat service to crypto companies, local…

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Exchanges Round-Up: Goldman Considers Crypto Custody, SA Exchange Launches USDT

exchanges round up goldman considers crypto custody sa exchange launches usdt

Exchanges In recent news pertaining to cryptocurrency exchanges, it has been reported that Goldman Sachs is considering exploring custody and other services pertaining to cryptocurrencies; a South African exchange has introduced Tether pairings in the hopes of driving down the local premium on crypto prices through offering arbitrage opportunities to foreign traders; and Blockex has announced that Sublime Group has started operating as a market maker on its exchange. Also Read: Philippines Building Crypto Valley of Asia Goldman Sachs Exploring Crypto Custody Services Bloomberg has reported that leading financial services company,…

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