Wintermute borrowed $92.5 million for a duration of 180 days. Now Wintermute owes $75M to Maple Finance and Clearpool. Concerns about paying back $189.4 million in debt arose when crypto market maker Wintermute lost $160 million in a hack. Excitingly, on Oct. 15, Wintermute repaid a $92 million Tether (USDT)
DeenAiR Blockchain firm has committed to be the gold sponsor for the World Blockchain Summit (WBS). The 22nd edition of the global series WBS is destined to take place at Atlantis, Dubai from 17th to 19th October 2022. WBS is an A-list gathering among the top-tier crypto and blockchain projects.
The market capitalization of USDC dropped to $46 billion on Monday. Binance has converted all stablecoin holdings to its own Binance USD stablecoin. Circle’s stablecoin USD Coin has lost all of its early 2022 gains after a 7-week rise in May and June brought its market value beyond $56 billion,
More than 1,300,000 people have said they own some kind of cryptocurrency. BRZ, the first Brazilian real-pegged stablecoin, had considerable price fluctuations. With a large number of cryptocurrency adopters, Brazil is widely exploring the crypto industry. In Brazil, where 7.8% of the population, or roughly 16 million individuals, now possess cryptocurrencies,
Bitcoin’s risk-adjusted gains were third best, after only Solana. Ethereum is called out as the worst performer among the four tracked cryptocurrencies. Even though bitcoin had a negative return of 3.11% in September compared to the previous month, it still managed to beat both the S&P 500 and Nasdaq which
The USDC stablecoin and Verite KYB credentials are now supported. Circle plans to provide certain Early Access clients with complimentary Verite KYB. Circle, a payments technology firm and issuer of USDC, announced on Saturday the creation of the first Verite KYB (know your business) credentials that are compatible with the
On Thursday, Rostin Behnam, chairman of the CFTC, predicted that Bitcoin’s value might “double in price” if it were sold in a CFTC-regulated market. The chairman noted that the crypto market has “a massive opportunity for institutional inflows that will only occur if there’s a regulatory structure.” The remarks come
The market cap of USDC has dropped by 5% as per CMC. Anxiety sparked when Binance first announced the change earlier this month. Binance starts conversion of TrueUSD, Pax Dollar, and USDC from Circle, to the exchange’s own stablecoin, Binance USD. It has already begun to have an impact on
The plan also called for a hard fork of the Harmony network. Harmony considered compensating the hack’s victims with the protocol’s native token. The developers of the Harmony protocol have put up a new plan. In order to retrieve the $100 million in stolen assets from the Horizon Bridge in
The top 5 coins by high volume are USDT, BTC, ETH, BUSD, and XRP. USDT has a 24-hour trading volume of $54,346,833,081. In recent days, the global cryptocurrency market has maintained a gloomy trend. The major cryptocurrencies, including Bitcoin, are continually experiencing unpredictable price movements. In the declining crypto market,
