Bitfinex Lists First USD-Denominated, Gold-Backed Tether Asset
Bitfinex lists a new USD-denominated, gold-backed Tether asset, AUSDT, enhancing stability in the crypto market. Bitfinex, a prominent digital asset trading platform, has disclosed including a new USD-denominated Tethered Asset, AUSDT, by Alloy by Tether. Introducing a new level of stability and reliability to the volatile cryptocurrency market, this innovative offering is tethered to Tether […]
Uphold Exchange to Delist USDT, 5 Other Stablecoins by July 1
Uphold crypto exchange has notified its European users that the platform will cease supporting six prominent stablecoins on July 1 in compliance with MiCA regulations. To comply with the European crypto regulations known as Markets in Crypto-Assets (MiCA) new stablecoin framework, crypto exchanges are delisting these stablecoins. Tether, Dai, Frax Protocol (FRAX), Gemini dollar (GUSD), […]
Top Altcoins Plunge Double Digits with ‘No Clear Catalyst’
Crypto market analysts speculate that the recent collapse of altcoins may be associated with a recent surge in spot Bitcoin ETF outflows. On Monday, the crypto markets plunged into a sea of red, with some altcoins losing over 10%. An industry analyst told Cointelegraph that there is “no clear catalyst” to explain the reason for […]
BTC Price Falls Below 50-DMA to One Month Low, More Downside?
Bitcoin price corrections have resulted in huge outflows from spot Bitcoin ETFs in the last week. On Monday, the total outflows from ETFs exceeded $200 million. Bitcoin (BTC), the world’s largest cryptocurrency, has experienced further selling pressure, resulting in a 1% decline and a move closer to $65,000. The BTC price is currently trading at […]
ETH Price Dips 5%, ICO Whale Transfers $20 Million to Kraken
After an ICO-whale deposited $20 million, Ethereum prices fell. On-chain data implies a trend reversal soon. Ethereum (ETH), the second-largest cryptocurrency in the world, has experienced significant selling pressure, resulting in a further decline and a fall below the $3,400 mark. As of press time, ETH is trading 4.23% down at $3,436 with a market […]