Ethereum and stablecoin whale deposits rose as Santiment tracked major CEX inflows in USDe, USDG, ETH, and stETH. Ethereum and stablecoin whale deposits rose over the past 24 hours, according to Santiment’s centralized exchange data. The largest tracked deposits included Ripple USD, Ethena USDe, Global Dollar USDG, Ethereum, and staked...
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Circle Stock Drops 16% After Open USD Shakes the Stablecoin Market
Circle shares fell 16% after Open Standard unveiled OUSD, backed by 140+ firms with zero-fee minting and redemption. Circle shares dropped 16% after Open Standard announced Open USD, a new stablecoin for global payments and settlement. The move placed USDC’s parent company under fresh pressure. Open USD, also called OUSD,...
Why Are Governments So Anxious About Cryptocurrencies?
While cryptocurrencies – the largest faction being Bitcoin – are regularly gaining popularity with the general population, governments around the world are becoming increasingly worried. Typically, conventional currencies associated with specific countries are regulated by the government, essentially so that they can dictate, track and monitor. Value is given to...
4 Useful Tips for Successful Cryptocurrency Trading
This past year has been one in which the trading of cryptocurrency became a worldwide boom and since Bitcoin was introduced, its value has risen to over 1000%. Needless to say, cryptocurrency is volatile. In the past, Bitcoin did not have a high level of volatility like it does now....
4 Tips for New Bitcoin Investors
Going into an unpredictable business like cryptocurrency can be daunting. Because there is no centralized authority and rumors get spread quickly about digital currencies, it’s a volatile market to get into. However, if you are willing to take the risk, there is money to be made. Below we discuss five...