Stablecoins being converted into Bitcoin helped push BTC price over $30k

2023-4-16 16:30

Quick Take Bitcoins’ resurgence this year has been down to many factors, but one of the main ones is that stablecoins are being rotated into Bitcoin. CryptoSlate has analyzed the depletion of stablecoins on exchanges that ended up being converted into BTC. The past few days have seen this resurgence start again, as highlighted by the sharp increase in the stablecoin supply ratio that coincided with the Bitcoin price above $30,000. Stablecoins: (Source: Glassnode) Stablecoins: (Source: Glassnode)

The post Stablecoins being converted into Bitcoin helped push BTC price over $30k appeared first on CryptoSlate.

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being stablecoins btc converted bitcoin ones main

Источник: cryptoslate.com

being stablecoins → Результатов: 114


US Federal Reserve: Stablecoins Can Be a Modern Medium Of Exchange If Well Designed And Regulated

The US central bank, Federal Reserve is commonly known as the Fed, has finally agreed that stablecoins pose a threat to the fiat dollar as a global medium of exchange. The Fed has stated that stablecoins like Facebook’s Libra have the capability of being the ‘fresh medium of exchange’. However, the Fed gave a caveat […]

2019-11-19 00:53


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European Regulators won’t Oppose Stablecoins but Double-Down on Libra Warning

Benoit Coeure, a French economist and executive director on the ECB, believes now is the time to step up the weight of regulation for digital currencies. As per Bloomberg, Coeure believes Bitcoin and other major FinTech innovations were being closely watched and allowed to unravel in their sandbox, but now with Libra, there is anRead MoreRead More.

2019-10-18 19:00


Bitcoin Killer? What’s New And Old With BitTorrent Inventor Bram Cohen’s ‘Chia’

If you ask its official website, Bram Cohen’s Chia project is the first “enterprise” digital currency. Forget Ripple, Stellar, or the host of stablecoins launched over the past couple years. It’s Chia – the “green” crypto project developed in answer to the question of Bitcoin’s high resource usage, which is the first enterprise-grade cryptocurrency.

2019-4-3 11:30


Altcoin faltering continues, even stablecoins are not safe while Stellar (XLM) revamps its Core client

A new e-mail based cryptocurrency scam discovered Community of the popular website Reddit found a new cryptocurrency-related scam that is currently being circulated on the internet. The scammer thought it wasn’t enough to break the average anti-fraud law and instead decided to try his hand at breaking a couple of anti-terrorism laws as well.

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