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1 billion USDT worth TRC20 swapped for ERC20, 20 million USDT worth TRC20 swapped for AVAX. Tether is stated to process around 300 million worth of redemption every day. Tether is a centralized stablecoin, its value is pegged to 1 USD. The current market scenario has caved a fear in
Terra LUNA, along with UST almost at their ends. Price of LUNA crumbled down to 99.69%. Will the Founder’s mitigation plan come to aid?. The time and world are highly unpredictable and so is the cryptocurrency industry and market too. With the currently ongoing crypto market crash for almost more
Ethereum has been down 19.28% in the last 24 hours. Ethereum whales performed 2,956 transactions worth over $1M apiece. After falling below $2,000 versus the US dollar, Ethereum started to show signs of weakness. Below the $2,000 mark, it is more vulnerable to further declines. According to CMC, the Ethereum
One of the most shared tweets on Twitter was the foundation of the conspiracy theory. In separate emails to Forbes, the companies refuted the rumors. This morning, a new low was set for LUNA, the Terra blockchain’s native coin. On May 12, the cryptocurrency fell below the $0.30 mark for
The owner of the “BlueWhale0073” wallet acquired 191,883,317,886 Shiba. Shiba Inu has been down 27.78% in the last 24 hours. The Shiba Inu community has transferred 324.7 million SHIB to dead wallets in the last 24 hours, according to a tweet from the @shibburn platform, which tracks SHIB burn transfers
With Bitcoin’s price falling, miners may be in for a rough ride as well. After the readings, other major cryptocurrencies also went negative for the day. Minutes after statistics indicated that U.S. inflation was more than predicted in April, Bitcoin (BTC) fell below $30,000 on Wednesday. As a result, the
Binance suspended the withdrawal in the Terra network due to high traffic in the environment. Traders worry LFG may sell BTC in the reserve to stabilize the current situation. The crypto market as a whole is facing a massive downfall for the past few days, every other coin has been
Dropping to $29,944, bitcoin’s price went below the $30k support. A growing number of institutions and individuals are putting money into bitcoin. There are now 836,922 addresses with at least one Bitcoin, according to Glassnode’s statistics. The numbers have risen dramatically due to the skyrocketing adoption and worldwide acceptability. A
CBN upgrades its CBDC, e-Naira. Urges the usage of e-Naira over fiat currency. All financial assistance from the Nigerian government to be in e-Naira. The play of Central Bank Digital Currency (CBDC) has indeed become extremely vital for a nation to keep up its banking sector and financial economy. Ever
Several investment funds participated in the pre-Series B round. KuCoin is a major crypto exchange with over 700 digital assets. The global cryptocurrency exchange KuCoin aims to go beyond centralized trading services and focus on Web3 with new funding backed by firms like Circle Ventures. The KuCoin cryptocurrency exchange officially
