The digital dollar can strengthen financial stability. Analysts of the Office of Financial Research under the US Treasury Department (OFR) came to this conclusion. Experts considered exaggerated fears about the possibility of a “ranking panic "in the event of a crisis due to the launch of the digital dollar. Earlier, the FRS mentioned such risks as...
According to the large transaction tracker Whale Alert, an unknown industry whale sent $404 million in Tether (USDT) to Huobi Global’s vault. In the last few hours of July 14, 2022, it was noted that there were three large digital funds transfers. All assets were carried out from the same wallet. Market analysts immediately assured that...
Against the backdrop of the efforts of an unknown MetaFormLabs structure, quotes for the utility token of the cryptocurrency broker Voyager Digital (VGX) have grown by more than 500% in recent days, rising above $1 at the peak. At the time of writing, the asset is trading near $0.54. MetaFormLabs calls itself a venture company, but there...
The CEO of the Celsius cryptocurrency project, Alex Mashinsky, confirmed that his company has filed for bankruptcy. The entrepreneur noted that after a month of discussions, the Yield Platform has finally decided to file for Chapter 11 bankruptcy. This allows the firm time to stabilize the business and the entire restructuring process. Analysts pointed out...
At the auction on July 13, bitcoin consolidated below the critical $19,000 and continues under severe pressure. Such dynamics are connected with the economic data received from the USA. It became known that the consumer price index reached an absolute maximum of around 9.1%. After the publication of fundamental statistics, the flagship cryptocurrency lost more than...
The cryptocurrency market turned out to be minimally volatile in the last 24 hours from July 12 to July 13, 2022. The capitalization of all assets increased by 0.6%, reaching $919.73 billion, according to Crypto.ru. Among the digital currencies, five at once, adding more than 5% in price over the past 24 hours. The day's leader...
Cardano CEO Charles Hoskinson shared his opinion on the situation around the Chinese banking system. He expressed regret that the world still does not have a single digital monetary ecosystem that does not require backup storage and will be available anywhere in the world. Hoskinson mentioned that cryptocurrencies could become a worthy alternative to classic fiat...
The awakening is difficult in the cryptocurrency sector. With a market crash that sees bright red. And drops once again to be entered in the history books of this very young digital economy. But in the end, an almost identical repetition of a scenario already experienced several times in the past. All in the face...
There is no doubt that the collapse of the UST stablecoin will leave an indelible mark on the cryptocurrency industry. But also on the future of this digital stability market, which has been booming since last year. With consequences as fast as a flash crash can bring down this entire ecosystem in a single night....
Times are tough for NFTs too. A non-fungible token from the famous CryptoPunk collection has just been sold at less than 80% of its investment value. The sign of a lack of interest or the consequence of a crypto market on fire and blood? Probably a bit of both. The hype around NFTs in 2021...
