Search results: USDT

The United States, Vietnam, Thailand, China and the United Kingdom lead global adoption in decentralized finance (DeFi), according to Chainalysis’ Global DeFi Adoption Index published this month. Fast facts “While grassroots cryptocurrency adoption generally is highest in emerging markets, DeFi adoption is strongest in high-income countries that already had substantial cryptocurrency usage, especially amongst traders […]

MetaMask, a non-custodial wallet that allows users to interact with the Ethereum blockchain and Ethereum-compatible networks such as Polygon, has seen its monthly active users surge over 1,800% in the past year to surpass 10 million, according to ConsenSys, an Ethereum blockchain software developer. Fast facts Alongside the explosive growth of the Ethereum ecosystem from […]

Bitcoin’s price dropped following a quick ascent past US$50K, but analysts say the rally is set to continue. Meanwhile, Solana again defied the overall market to post a new price high.

The Poly Network hacking saga has finally reached a happy ending with the crypto thieves releasing the last key to the remaining funds of 28,953 Ether and 1,032 Wrapped Bitcoin tokens, worth approximately US$141 million, on Monday. According to Poly Network, the company is in the process of returning full asset control to users, although […]

Circle, issuer of the world’s second-largest stablecoin USDC, has announced plans to be 100% backed by cash and short-term U.S. Treasuries by September. The company’s most recent attestation showed USDC’s US$22.2 billion supply was backed by only 61% “cash and cash equivalents.” Fast facts Circle had indicated earlier in the month that it wishes to […]

Notwithstanding Iron Finance’s collapse, stablecoins can play important roles for consumers and the economy, writes Julian Hosp of Cake DeFi.

As cryptocurrencies gain increasing adoption, the profile of crypto investors in Singapore — one of Asia’s biggest hubs for traditional finance as well as the emerging crypto industry — is broadening from younger investors to mature investors who see crypto as a viable long-term investment, according to the State of Crypto in Singapore report published today. […]

Top blockchain and crypto news: NFT wave buoys OpenSea. Are dollars and sense a lifeline for Tether? Tencent gets a target on its back.

The Ethereum ecosystem is continuing to see strong growth, with institutional capital ‘flooding’ into decentralized finance and decentralized autonomous organizations flourishing.

World’s largest stablecoin dismisses report suggesting possibility of U.S. investigation, despite claims of recent Justice Department interest and track record of legal woes.

FTX CEO Sam Bankman-Fried says it’s time to move on from high leverage in crypto trading. Binance also seeks new CEO with a stronger regulatory background.

Hinting at a potential future crackdown on stablecoins, Gary Gensler — the chair of the U.S. Securities and Exchange Commission — told the American Bar Association this week that cryptocurrencies whose prices are based on traditional assets could be subject to securities law enforcement. Fast facts Gensler’s remarks followed those of U.S. Treasury Secretary Janet […]

U.S. crypto lending platform BlockFi has been ordered by the New Jersey Bureau of Securities to stop accepting new customers who are based in New Jersey for its interest-bearing accounts due to alleged violations of securities laws. The order takes effect from from July 22. Fast facts In a series of tweets, BlockFi’s CEO and […]

U.S. Treasury Secretary Janet Yellen says that the United States needs “to act quickly to ensure there is an appropriate U.S. regulatory framework in place” for stablecoins. Fast facts Yellen made her comments at a Meeting of the President’s Working Group on Financial Markets, held on July 19. According to a readout of the meeting, […]

Singapore-based crypto derivatives exchange Bybit today announced the launch of a new cryptocurrency spot trading platform. Fast facts The spot trading platform offered BTC/USDT, ETH/USDT, XRP/USDT and EOS/USDT trading pairs at its launch, and more will be introduced. Traders will be able to buy and sell crypto coins at current market prices once orders are […]

Top blockchain and crypto news: Crypto markets await Bitcoin fund release. USDC issuer opts for the back door. In China, NFT copyrights and wrongs.

As issuer Circle prepares to list and China sounds the alarm over speculation, the mood among regulators is mixed, despite stablecoins’ clear appeal to investors.

The price of Axie Infinity blockchain game’s native token has been on a tear. Why is Small Love Potion (SLP), a token on the AXS ecosystem, also rising?

Though Dogecoin and NFTs dominate headlines, their underlying technology — blockchain — is transforming our world in more meaningful ways, according to authors Kosrow Dehnad and Joe Duncan.

El Salvador recently became the first country to recognize Bitcoin as legal tender, and it seems unlikely to be the last. Samson Mow, chief strategy officer of Bitcoin technology company Blockstream, looks forward to a future in which Bitcoin edges out fiat currency.

Crypto exchange Huobi yesterday issued an announcement in simplified Chinese saying that it would implement a “T+1” withdrawal freezing time for all over-the-counter trades, meaning that traders can transfer cryptocurrency out only 24 hours after depositing it. In some cases, the freeze will last up to 36 hours.  Fast facts At present, the announcement appears […]

Millennials and Gen Z Millennials have earned the reputation of disrupting or killing traditional industries, and the financial sector is no exception.  The disconnect between millennials and traditional investments is the result of various factors, such as their firsthand experience with the long-term effects of the 2008 global recession on assets and investments, as well […]

How value is created Our methodology for calculating the value of this market includes tokenized commodity, energy, currency (i.e., stablecoins), gold and real estate projects. Calculations include publicly listed projects found via Blockexplorers. It excludes cryptocurrency, as it’s a native digital asset, as well as DeFi projects because of their extreme volatility. All tokenized assets […]

Although institutional interest in Bitcoin is rising, there is still the volatility conundrum to consider. Bitcoin’s market fluctuations, however, make it a poor store of value. But, at the same time, there is an advantage to keeping capital stored in crypto: cashing out crypto into fiat is almost always a taxable event and not ideal […]

Interview with Trent Barnes, Principal at Zerocap Tokenization brings new models for raising capital, as well as institutional-grade opportunities Forkast.News: How does a digital asset become “institutional-grade”? What sort of criteria are institutional-level traders looking for? TB: The criteria would include clear guidelines and regulatory frameworks as to how digital assets are treated, deepening pools […]

Interview with Thor Chan, CEO of AAX Forkast.News: The value of digital assets has exploded during the last year, and we are now at levels well above previous forecasts. What are you seeing in the market right now? Thor Chan: We think that the global crypto market is growing. More money is flowing in, and […]

In a new report, Bank for International Settlements extols central bank digital currency (CBDC) as the future of money. Will CBDCs replace Bitcoin someday?

Iron Finance, once a DeFi darling, went from billions to bust in a day. Should investors have seen the crash coming? How stable are algorithmic stablecoins?

China’s crypto mining crackdown continues while Indian finance authorities probe one of the nation’s largest exchange WazirX.

One of DeFi’s hottest trends, yield farming can bring riches but is not for crypto beginners or those who can’t afford to lose. Forkast.News explains why.

India’s Enforcement Directorate has issued a show cause notice to cryptocurrency exchange WazirX for alleged foreign exchange violations involving 27.9 billion rupees (US$382 million).

From Phillips auction house in Hong Kong to Art Fair Philippines, non-fungible tokens are redefining how Asia appreciates, buys and profits from art.

After Tether’s legal settlement with New York, USDT’s growth is exploding—dispelling concerns over Tether’s reserves, says Bitfinex CTO Paolo Ardoino.

The Financial Stability Board has launched a public consultation on global targets for cross-border payments.

From mass liquidations to meme trading, the characteristics unique to the crypto market can now be seen in traditional markets, says FTX CEO Sam Bankman-Fried.

The U.S. dollar reigns supreme as the current world reserve currency. Could the USD’s status change with the rise of CBDCs like China’s DCEP digital yuan?

Breaking into occasional Mandarin at a Hong Kong conference, Ethereum’s visionary creator tells all — including why Ethereum 2.0 is taking so long.

Other top blockchain and crypto news: Australia signals progressive approach to crypto as Hong Kong moves closer to banning retail crypto trading.

Despite recent outflows from crypto, U.S. dollar-linked stablecoin Tether (USDT) has surpassed US$60 billion for the first time this week.

Crypto exchange Bybit is launching cloud mining to provide exposure to Ether. What happens when Ethereum moves from proof of work to proof of stake?

The crypto market has rebounded after one of its biggest crashes. Bitcoin is a ‘safe haven’ for many investors.

Coinbase Pro adds Solana’s native token, opening the doors for US investors after SOL outperforms Bitcoin and most other cryptos amid market crash.

Mass liquidations are observed across exchanges as the crypto market continues to struggle. Meanwhile, institutions explore DeFi.

Former CFTC chairman Chris Giancarlo and Accenture’s David Treat are not in a CBDC race, but a ‘contest’ to develop money that reflects societal values.

ADA price holds strong as investors shift to greener cryptocurrencies and Cardano smart contracts get set to launch blockchain into DeFi and NFTs.

Elon Musk drops ‘fossil fuel’ Twitter bomb on Bitcoin, triggering a BTC price crash and dragging down Ethereum, Dogecoin and Shiba Inu.

ConsenSys Codefi’s Q1 report on decentralized finance (DeFi) trends also saw 7x growth in stablecoins and predicts flashbots dominating the Ethereum network.

Other top blockchain and cryptocurrency news: S&P Dow Jones launches Bitcoin and Ethereum indices. Will China crack down on more crypto miners?

Dogecoin’s price is now at an all-time high of 69 cents, and the joke crypto is now bigger than Ford and Nintendo. Are DOGE investors high on Gemini?

Fast-growing DeFi — still a largely unregulated industry — gives FATF an earful over its proposed ‘travel rule’ and expanded anti-money laundering rules.

As ETH prices hit a new ATH and continue to the moon, Ethereum’s visionary creator Vitalik Buterin becomes the youngest ever crypto billionaire.

Turkish authorities arrested six individuals in connection with the Thodex exchange fraud case.

As corporations plow billions into Bitcoin, a new business model involving decentralized finance is emerging for investors, says Alessio Quaglini of Hex Trust.

Binance’s BUSD and Huobi’s HUSD dominated their stablecoin rivals in the first three months of this year. Why is Asia hungry for alternatives to fiat?

Taiwan has enacted anti-money laundering regulations for cryptocurrency exchanges effective July 1. What will this mean for Taiwan’s growing crypto scene?

Other top blockchain and cryptocurrency news: Can China be warming up to digital assets and crypto investing? Ethereum ETFs roll out in Canada.

Were the weekend’s falling BTC, ETH and XRP prices a cryptocurrency market crash or just a correction — and why is DOGE escaping investors’ wrath?

ETH surged to a new all-time high with Ethereum’s Berlin hard fork. Will improving gas fees ward off Ethereum competitors like Binance Smart Chain?

Ahead of Coinbase’s Nasdaq listing, Bitcoin surged to new highs in Asian trading hours. Ether, ADA and DOGE also reached new ATHs as altcoins soared.

Yat Siu, Greater China’s godfather of CryptoKitties and vintage Atari NFTs, also says gamers are at the forefront of blockchain adoption.

China’s central bank says its DCEP project’s digital yuan, now in pre-launch testing across the nation, ‘will coexist and cooperate’ with Alipay and WeChat Pay.

Gen Z and millennials will transform investing. Here’s why one of their own — TRON CEO Justin Sun — thinks NFTs and DeFi are the wave of the future.

Other top blockchain and crypto news: Japan’s SBI Crypto opens mining pool to public. In China, more companies turn to crypto to boost bottom line.

Thailand’s central bank says it is ‘open’ to considering stablecoins but declares Terra’s THT to be illegal. What does this mean for Tether or USD Coin?

Cardano’s ADA, up by 7,400% since last year, is now the 3rd most popular cryptocurrency in the world. Why is it called a ‘Ethereum killer’? Let’s find out.

GameStop’s drama is over, but it may signal big changes ahead for finance. Here’s why one former banker thinks ‘DeFi is going to absorb traditional finance.’

Other top blockchain and cryptocurrency news: Goldman Sachs, more big banks line up behind bitcoin. Short-sellers probe crypto miners in China.

Cardano blockchain, a so-called ‘Ethereum killer,’ completes its Mary hard fork upgrade as ADA becomes 3rd largest cryptocurrency behind bitcoin and ether.

From Beeple’s digital art to LeBron James video trading cards, non-fungible tokens (NFTs) are transforming the way we create, own and profit from content.

Other top blockchain and crypto news: Bill Gates on bitcoin. Nvidia protects gamers from crypto miners with separate CMP and GeForce RTX graphics cards.

Other top blockchain and crypto news: ETH hits new high with CME Ethereum futures. DeFi yawns at YFI attack. China steps up DCEP digital yuan tests.

Plasm Network, a leading DApps hub on Polkadot and first parachain on its Rococo testnet, secures $2.4 million to build out the growing Polkadot ecosystem.