Tether pioneered the use of stablecoins in July 2014. Seven years later, USDT retains its dominant position as the market leader in the industry, as it reached a $100B total dollar supply.
A group of DeFi projects and U.S. crypto exchange Kraken have donated $250,000 each to the Ethereum Foundation to support client teams working on the Ethereum (ETH) 2.0 upgrade.
After flirting around $3,300 levels earlier this weak, there’s some profit-booking visible in Ethereum (ETH). As of press time, ETH is trading 5% down at a price of $3,173 and a market cap of $371 billion. This comes amid the high ETH deposits taking place at the exchanges.
Terra’s native token LUNA rallied over 31% during the past seven days as the crypto’s price broke another record high crossing $34,3 earlier today.
With a current market cap of roughly $13,4 billion, LUNA witnessed a significant recovery since the May crash, when it was trading just above $4.1.
Coinbase is under fire for terrible customer service following reports of users accounts being hacked and drained of funds.
According to an Aug. 24 investigation by CNBC, thousands of customers across the country have lodged complaints against the company.
Non-fungible tokens (NFTs) have taken the overall crypto market by storm this year. Tech conglomerate Facebook is looking to now dabble into the world of NFTs. Interestingly, this news comes just a day after Visa announced its CryptoPunk NFT purchase for a staggering $150,000.
Bitcoin price eventually slipped under $50,000 following the liftoff to $50,647 on Monday. The flagship cryptocurrency lost steam despite bulls having $56,000 in sight.
The correction initially found refuge slightly above $49,000, but bearish pressure continued to intensify during the Asian session on Wednesday. After testing the area at $47,517, Bitcoin regained ground above $48,000 and is currently exchanging hands at $48,230.
The Central American Bank for Economic Integration (CABEI) has identified remittance as an important aspect of El Salvador’s Bitcoin (BTC) adoption policy.
According to Reuters on Tuesday, the regional development bank expects other Central American nations to pay close attention to Bitcoin’s impact on remittance costs in El Salvador.
Splinterlands — the play-to-earn NFT trading card game says that the platform has reached over 100,000 daily users. In comparison to last month, the platform had only 14,000 daily players.
Earlier today, Cardano’s $ADA token started trading for the first time ever on a Japanese exchange, which means that the residents of Japan (a country with a population of around 126 million) can invest more easily in $ADA.