Tether (USDT)

Ripple executive explained that XRP is not a rival to stablecoins and CBDCs in international settlements.Ripple’s senior director of global operations Emi Yoshikawa has revealed in an interview that the XRP coin was not designed to compete with Central Bank Digital Currencies (CBDCs) and Stablecoins, rather, it is complimentary. She noted:“There are various types of crypto assets, but I think that the role of XRP as a bridge asset in international settlement is not a competition with...

DeFi tokens are leading crypto markets to their highest levels in terms of total market capitalization for over a year.One of the top-performing digital assets at the moment is YFI, as it surges over 70% on the day to reach an all-time high at $12,821. It has become the only cryptocurrency since 2016 to have ever flipped Bitcoin’s dollar value.YFI/USDT. Source: BinanceThe token is the basis of the Ethereum based DeFi yield aggregator Yearn.Finance, which allows users to earn interest and...

Gold steigt weiter. Bitcoin jedoch hat seinen Widerstand gefunden. Eine Hybridklasse zwischen diesen beiden Assets steigt unterdessen massiv. Gold-gedeckte Token sind nun schon über 100 Millionen US-Dollar wert, wobei vor allem Tether Gold und Paxos Gold den Löwenanteil ausmachen.Bitcoin News: Setzen Investoren jetzt auf Gold-Token statt auf Bitcoin?Gold-Token versuchen das Beste aus beiden Welten zu verbinden. Hierbei werden Cryptocoins mit dem physischen Edelmetall gedeckt, so dass...

Since the launch, SRM’s trading volume has exceeded $350 million in the first twelve hours. The Serum token is native to the Serum DEX.The DeFi sector continues to soar as a new token Serum rose 1500% only 12 hours after listing. The token is native to the Serum decentralized exchange, and launched on the 11th of August. Presently, the price of the SRM token is nearly $1.8, a surge from its launch price of $0.11.Binance announced the listing of Serum in a press release, which catalyzed the...

Ethereum price started a downside correction after it failed to clear the $400 barrier against the US Dollar.ETH price is currently declining and it is trading below the $380 support level.There was a break below a major bullish trend line with support near $380 on the 4-hours chart (data feed from Coinbase).The pair is currently following a key declining channel and it is approaching the $365 support zone.Ethereum price is currently correcting lower from the $400 barrier against the US...

Following what appears to be the actions of a single whale, the price of ETH skyrocketed to just under $450 according to the Uniswap v2 ETH/USDC price ticker in late trading on August 10. This represented an increase upwards of 15%.The trade involved a series of swaps totaling almost $18 million in USDT to purchase just over 40,000 ETH. Within a couple of hours, the price of Ethereum had returned to its range-bound channel at around $395.ETH/USD Chart, Uniswap V2. Source: UniswapRealt...

Demand for stablecoins has surged this year, mainly on the back of the DeFi sector, which has seen countless crypto earning opportunities arise. MakerDAO’s stablecoin, Dai, has just reached a milestone $400 million supply following the minting of a further $10 million.This 10 million DAI mint brings the total DAI supply to over 400 million ? https://t.co/5yH4a464B8— Anthony Sassano | sassal.eth ?‍? (@sassal0x) August 10, 2020Surging Dai DemandSince the beginning of July, Dai market...

The United States Department of Justice (DOJ) has filed a complaint against an alleged cryptocurrency Ponzi scheme to forfeit over $7 million in Bitcoin and Tether.The administrator of the scam called the “Banana Fund” has used some of the raised funds for personal benefits, including purchasing a house.DOJ Against Banana Fund Ponzi SchemeAccording to the official complaint, the administrator of the alleged scam marketed the company to potential investors as a platform for startups to post...

Green dominates most of the cryptocurrency market with some impressive gains from Ripple, Tezos, and Chainlink as LINK even marked a fresh all-time high. Bitcoin’s unsuccessful attempt to conquer $11,500 has pushed the asset down to $11,300Altcoins Rejoice, LINK ATHSpeculations for а revived altcoin season emerged today as the majority of alts have increased their value in the past 24 hours. The second-largest cryptocurrency market continued its impressive 2020 summer with another 2%...

Ethereum’s next target is $500, according to BitMEX co-founder and CEO Arthur Hayes. He expressed his amazement about ETH’s surge to $400, calling for the continuation of the rally.Ethereum Breaks Above $400 For First Time Since August 2018On Sunday, Ether hit the highest level in two years, breaking above $400 for the first time since August 2018. Ethereum has benefited from the general bullishness of the cryptocurrency market, but it’s not only that.The second-largest cryptocurrency is at...