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” Tether moves to combat child abuse content marketplaces “ Tether aims to increase visibility and mitigate controls of cryptocurrency payments used in child abuse content marketplaces through a collaboration with INHOPE. The stablecoin operator will work with INHOPE, a global network combating online child sexual abuse material (CSAM), to share information, collaborate with stakeholders…
” Algorithmic stablecoin market share dropped by 10x from ATH: Report “ The notorious failure of the Terra USD (UST) stablecoin affected the crypto market, but the algorithmic stablecoins took the harshest punch. Since its peak in April 2022, the market share of algorithmic stablecoins shrank almost tenfold. According to a new report from CryptoCompare,…
” USDC transfer volume hit 5X USDT’s in fallout from FTX collapse “ Stablecoin USD Coin (USDC) has grown in popularity since the collapse of FTX and now frequently reaches daily transfer volumes four to five times that recorded by major competitor Tether (USDT) according to data from blockchain analytics firm Glassnode. That’s despite the…
” Winners and losers of 2022: A disastrous year that saw few winners among a sea of losers “ 2022 was supposed to be the year crypto went mainstream, with a significant chunk of traditional venture capital firms betting heavily on the ecosystem in 2021. However, with one disaster after another, 2022 turned out to…
” Stablecoin settlements can surpass all major card networks in 2023: Data “ Stablecoins play a very critical role in the crypto economy today and despite the recent run-down in the broader market, stablecoin volumes continue to dominate most exchanges. According to Coinmetrics data, on-chain stablecoin settlements reached over $7 trillion in 2022 and are…
” Algorithmic stabilization is the key to effective crypto-finance “ After the collapse of Terraform Labs’ cryptocurrency, Terra (LUNA), and its stablecoin, Terra (UST), the notion of “algorithmic stabilization” has fallen to a low point in popularity, both in the cryptocurrency world and among mainstream observers. This emotional response, however, is strongly at odds with reality….
” SBF tried to destabilize crypto market to save FTX: Report “ Tether executives and Binance CEO Changpeng “CZ” Zhao worried that Sam Bankman-Fried (SBF), former FTX CEO, was attempting to destabilize the crypto market aiming to save the now-bankrupt exchange, according to reports on Dec. 9. Messages seen by The Wall Street Journal of…
” Coinbase takes a shot at Tether, encourages users to switch to USDC “ United States-based cryptocurrency exchange Coinbase has asked its customers to convert their Tether-issued USDT (USDT) stablecoin to USD Coin (USDC), a USD-pegged stablecoin issued by Circle and co-founded by Coinbase in 2018. The cryptocurrency exchange suggested that USDC is a much more…
” Blockchain-based infrastructure forges the future for carbon markets, crypto and commodities “ The environment is now a global priority, evidenced by the threat of increasing carbon dioxide emissions reaching 414.72 parts per million, a new record high in 2021, as reported by the National Oceanic and Atmospheric Administration’s Climate in the United States. With…
” Tether vs. USD Coin on-chain data reveals two very different stablecoins “ USD Coin (USDC), a stablecoin issued by the U.S.-based Circle Financials Ltd, is taking the lead over its top rival, Tether (USDT), when it comes to institutional adoption, according to on-chain data. USDC daily transfer volumes are higher The market capitalization of…