New Audit Report Shows Terra’s LFG Spent Over $2.8 Billion To Defend UST Peg

Luna Foundation Guard (LFG), the entity behind the collapsed Terra ecosystem, spent $2.8B (80,081 BTC and 49.8M in stablecoins) to defend UST’s peg, a new report by London-based third-party auditing firm JS Held has shown.

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FTX crash pushes Bitcoin to self-custody; Ethereum switched for stablecoins

After the FTX collapse, investors are moving large amounts of Bitcoin (BTC) to their self-custody wallets and exiting Ethereum (ETH)  to invest in stablecoins, according to data analyzed by CryptoSlate.

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Crypto Is The ‘Future Of Finance,’ Survey Of Over 50% Of American Voters Show

Crypto assets like the Bitcoin (BTC), altcoins like Ethereum (ETH) and stablecoins such as Tether (USDT) are riding the momentum brought about by some positive news involving these asset types over the last few days.

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What Bitcoin whales and Binance have in common should concern investors

Bitcoin [BTC] whales seemed to have decided on relegating other stablecoins with their current preference for the Binance stablecoin, BUSD. According to Mignolet, a CryptoQuant analyst, on 27 SeptThe post What Bitcoin whales and Binance have in common should concern investors appeared first on AMBCrypto.

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Bitcoin think tank says 'No' to CBDCs and lends credence to...

The Central Bank Digital Currencies (CBDCs) should be rejected, and in their place, the United States should look to Bitcoin (BTC) and stablecoins, according to the U.S. think tank Bitcoin Policy InstThe post Bitcoin think tank says 'No' to CBDCs and lends credence to... appeared first on AMBCrypto.

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Bitcoin think tank: Reject CBDCs and look to BTC and stablecoins instead

The paper’s authors say Central Bank Digital Currencies are problematic for the future of individual and economic freedom, but crypto is a viable alternative.

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Gate.io Announces ZERO Fees On All USD Spot Market Trading Pairs

What is superior to low fees? No costs. With ZERO fees on all USD spot market trading pairs, Gate. io now leads the pack of major exchanges. More than 50 USD spot trading pairs, including popular assets like BTC, ETH, and others, are exempt from the new fee elimination.

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Lightning Speed: How To Take BTC From Reserve Asset To World Reserve Currency

Is the Lightning Network bitcoin’s killer app? It might be, but it still has a long road ahead. One of the stops on that road is the possible inclusion of stablecoins. Does bitcoin need them? Aren’t there inherent counterparty risks with those? The debate over those questions rages on.

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Research Shows A Surge In BTC To USDT Trade In June As Investors Flock To Stablecoins

While a considerable percentage of market watchers have maintained a persistent bullish outlook towards the crypto markets despite the steadfast bear market, some investors have resorted to stablecoins in what appears to be an attempt to find safety in the security the assets provide over the sharp volatility that characterises the markets. New research has […]

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4 Lessons From The Oslo Freedom Forum: BTC – Cross, Aderinokun, Ardonino, Rauda

Let’s wrap Bitcoinist’s coverage of the Oslo Freedom Forum with controversy. In this last edition, two stablecoins proponents and an extremely confused journalist make their cases. Alex Gladstein, the Human Rights Foundation’s Chief Strategy Officer, has been a big proponent of stablecoins over the Lightning Network.

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First Mover Asia: A Chinese Alternative to Dollar-Based Stablecoins? Widening the Use of the CNH Presents Challenges; BTC Remains Above $20K

The token is a version of China’s currency designed for offshore use; other cryptos are mixed in light trading.

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Market selling might ease, but traders are on the sidelines until BTC confirms $20K as support

BTC and altcoins could continue to see selling, but a positive is that traders took shelter in stablecoins instead of completely exiting the crypto market.

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TerraLabs Sold Over 80,000 BTC To Rescue Its Stablecoin, Luna

The crypto market has experienced many bloodbaths in the past. But last week’s crash had more catastrophic effects on the market than recent bearish trends, mainly on the stablecoins. UST, a stablecoin issued by Terraform Labs, is an example that stunned the crypto world as the coin collapsed and dropped its value from $1 to $0.

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Market Wrap: Cryptos Are Higher After a Volatile Week

Bitcoin (BTC) bounced around $30K on Friday, although some analysts expect a period of low returns. Meanwhile, there has been less interest in stablecoins amid volatility.

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Market Wrap: Cryptos Extend Losses as LUNA Plunges

Bitcoin (BTC) and other cryptos declined on Wednesday amid stress in stablecoins. LUNA plunged by 96% and Solana's SOL token saw a 30% dip. Option traders are seeking downside protection.

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Law Decoded: Crypto risks, imaginary and real, and creative ways of addressing them, April 4–11

The Treasury admits there’s not much crypto-aided sanctions evasion going on, stablecoins attract regulatory attention, and a fourth futures-based BTC ETF secures approval.

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Terra Backers Buy $200M in AVAX Tokens, Bolstering Crypto Reserves Beyond BTC

The Luna Foundation Guard bought $100 million in AVAX with UST stablecoins. Terraform Labs swapped an additional $100 million in LUNA for the same value in AVAX.

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Decoding what 'increase in stablecoin's whale transactions' means for BTC & alts

You have to admit, stablecoins aren't the most exciting part of the crypto industry, especially when there are NFTs and TVLs to gawk at. However, stablecoins are important indicators for Bitcoin or alThe post Decoding what 'increase in stablecoin's whale transactions' means for BTC & alts appeared first on AMBCrypto.

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40% of youngsters want to use crypto for payments, new research reveals

Crypto is rapidly gaining in appeal among younger demographics, with 40% of 18 to 35-year-old consumers expressing an intent to use cryptocurrencies — such as bitcoin (BTC), ether (ETH), and stablecoins — to pay for goods or services within the next 12 months, according to a new research report.

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Whales Taking "Best Buying Opportunities" as Stablecoins Transactions Spike: Santiment

As stablecoin transactions soar, whales are taking opportunity to buy BTC on the dip, recently shared data shows

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Bitcoin Jumps as Do Kwon Buys $125 Million

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Market Wrap: Bitcoin Sellers Return, Reversing Earlier Gains

Bitcoin (BTC) reversed earlier losses on Wednesday as geopolitical concerns linger. Meanwhile, the rally in stablecoins such as LUNA could indicate a flight to safety among crypto traders.

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Stablecoin Supply Ratio Approaches All-Time Low: Bitcoin (BTC) On-Chain Analysis

In this article, BeInCrypto takes a look at Bitcoin (BTC) on-chain indicators, more specifically the Stablecoin Supply Ratio (SSR) and the (USDT) supply on exchanges. This is done in order to determine how much buying power stablecoins currently have over the entire bitcoin (BTC) sup The post Stablecoin Supply Ratio Approaches All-Time Low: Bitcoin (BTC) On-Chain Analysis appeared first on BeInCrypto.

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Bitcoin FOMO: On-Chain Data Suggests Big Accumulation Going On

Bitcoin on-chain data suggests accumulation is going on as investors feel FOMO about the current rally above $57k. Bitcoin Accumulation Goes On As Investors Feel FOMO As explained by a CryptoQuant post, on-chain data is showing signs of accumulation as BTC netflows show negative spikes, and the stablecoins inflows indicate big moves. The Bitcoin netflow […]

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Quant: Bitcoin Indicators Now Look Similar To Q4 2020, Big Move Ahead?

Quant says some Bitcoin indicators show the same trend as in during Q4 2020, suggesting that BTC could make a similar move up. Bitcoin Netflow And Stablecoins Supply Ratio Trends Look Similar To Q4 2020 As explained by an analyst in a CryptoQuant post, two BTC indicators: the netflow and the stablecoins supply ratio, are both trending similarly to how they did during the last quarter of 2020.

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On-chain data reveals crucial metrics about the adoption of Bitcoin, stablecoins, and Cardano

First in a bigger series of dAppradar’s reports, which explore how value moves around after entering the blockchain industry, revealed that the amount of Bitcoin (BTC) sitting in centralized exchanges (CEX) is at its lowest point in 2021, while Wrapped Bitcoin (WBTC), the first ERC20 token backed 1:1 with Bitcoin, doubled since the start of […] The post On-chain data reveals crucial metrics about the adoption of Bitcoin, stablecoins, and Cardano appeared first on CryptoSlate.

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Analyst Puts New Bitcoin ATH For October As Stablecoins Start Pumping Into BTC

Bitcoin analyst says new ATH in October is likely as on-chain data shows stablecoins may have started to pump into BTC. Stablecoins Reserve Starts Moving Down, Bitcoin To Reach New ATH In October? As explained by an analyst on CryptoQuant, after staying at highs, the stablecoins reserve has finally started a decline.

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Community-Driven Financial Platform hi To Roll Out ‘Earning’ Feature Offering Competitive APYs & Terms

hi, the not-for-profit blockchain-based financial services platform, will launch its ‘Earnings’ feature this Thursday, September 16th. ‘Earnings’ is hi’s new cryptocurrency savings account designed to offer its community members passive returns of up to 12% APY for some of the most prominent cryptocurrencies like ETH, BTC, LTC, DOGE, BNB, as well as stablecoins USDT andRead More

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ICHI supports cross-chain platform Ren in making stablecoins for BTC and other tokens available

Ren, an inter-blockchain liquidity protocol, and ICHI, a platform that allows cryptocurrency communities to create and govern their own non-custodial stablecoin, have announced a new partnership to make decentralized stablecoins available to Bitcoin, Dogecoin, Zcash, Ren, and other crypto communities.

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Bitcoin and Ether Rallies to Confirm Double-Bottom Pattern, Those Sitting on Sidelines in Stablecoins to Take Them Higher

Now that Alameda Research, Tesla CEO Elon Musk, Bitcoin shorts, and speculation over Amazon’s potential involvement in the cryptocurrency sector have done their part. $40k is the point of interest which is the largest OI for the upcoming BTC options expiry this Friday.

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Stablecoins Leaving Exchanges, Here's What This May Mean for Bitcoin (BTC)

Leading on-chain analytics vendor CryptoQuant shared a number of alarming predictions for Bitcoin (BTC) bulls

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Stablecoin Supply on Exchanges Hits ATH of $17 Billion, Here’s What It Means for BTC

Supply of stablecoins on crypto exchanges has surged to a historic peak, making up plenty of funds to purchase BTC on the dip, according to an analytics expert

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$5.28B in Stablecoins Moved to Exchanges Followed by 19,639 BTC Withdrawn As Market Grabs Bitcoin Dip

Massive amount of stablecoins inflowed crypto exchanges and $791 million worth of Bitcoin outflowed them as users are grabbing the BTC dip

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Hong Kong Restaurant Starts Accepting Bitcoin, Ether & other Cryptos as Payment

The growing crypto adoption has been following China calling BTC and stablecoins “investment alternatives” and the local publication talking about the warnings of a dangerous bitcoin bubble being misleading.

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BlockFi clients earn record interest payments in February

Zac Prince, BlockFi’s CEO, said his company paid out 450 BTC, 5,000 ETH and $6 million in stablecoins last month.

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Loopring DEX Launches Layer 2 Bitcoin Trading Pools

In a tweet declaring that the exchange has had no Bitcoin trading pairs for so long, Loopring announced the launch of four new pools for wrapped BTC on Layer 2. Traders on the DEX now have access to wrapped Bitcoin, three stablecoins (DAI, USDC, and USDT), automated market maker pools, and order book pairs.

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Tether market cap hits $28B as stablecoins on exchanges reach a new high

The Bitcoin price once again hit $40k on 6th February, but the largest digital asset could not breach this resistance. The price immediately retraced and at the time of writing, BTC was being traded aThe post Tether market cap hits $28B as stablecoins on exchanges reach a new high appeared first on AMBCrypto.

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What Impact Do Twitter Influencers Have on Crypto Prices?

To what extent do a myriad of voices speaking out for and against bitcoin (BTC), altcoins, and stablecoins influence their prices? Do prices change following influencers’ tweets, or do influencers tweet in the wake of price changes? When we talk about the impact Twitter influencers potentially have on crypto prices, the main focus shifts to … Continued The post What Impact Do Twitter Influencers Have on Crypto Prices? appeared first on BeInCrypto.

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Stablecoin Reserves on Exchanges Hit New All-Time High: Cryptoquant

According to Korean on-chain data vendor CryptoQuant, centralized exchanges see massive inflow of stablecoins amidst falling Bitcoin (BTC) and Ethereum (ETH)

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Chiliz (CHZ), Curve DAO (CRV), TomoChain (TOMO) price analysis

Persistent price volatility in Bitcoin (BTC) price action and other similar cryptocurrencies indicates a potential need for stablecoins and other less volatile digital currencies.  Fundamental analysis: Altcoins may prosper Bitcoin has been on a frenzy over the past year, however, its high volatility and the need for less volatile cryptocurrencies are being mentioned again among […] The post Chiliz (CHZ), Curve DAO (CRV), TomoChain (TOMO) price analysis appeared first on Invezz.

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Tether and other stablecoins' 'dry powder' narrative: True or false?

The crypto-community has been gearing itself for another Bitcoin halving and many observers are expecting a massive price pump to grace the BTC market soon. This speculation has largely stemmed from tThe post Tether and other stablecoins' 'dry powder' narrative: True or false? appeared first on AMBCrypto.

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Stablecoins and Crosschain Loans: 2 Projects Attempt to Bring Defi Solutions to Bitcoin

While decentralized finance (defi) solutions have grown popular on the Ethereum blockchain, developers have recently created similar systems by leveraging BTC’s network. A project called Atomic Loans claims to offer a noncustodial bitcoin-backed stablecoin solution, while Money on chain a new smart contract built on the RSK protocol, also offers a stablecoin token.

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How Stablecoins are Harmful to the Price of Bitcoin (BTC)

In brief: Stablecoin market capitalization has reached a whopping $8 Billion.   This value stored in stablecoins has zapped away some market capitalization from Bitcoin (BTC).   With central banks minting fiat, stablecoins are backed by currencies prone to inflation.

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The Biggest Winner From The Crypto Crash Takes A Hard Hit After BTC Price Jumps

The price of bitcoin has jumped above $7,000, recovering more than 90% of its value since falling to $3,850 in mid-March. As the price of top cryptocurrencies is back to surging the activity on the stablecoins is decreasing.

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Stablecoin Market Caps Swell Over $7 Billion – Volumes Surpass Most Trading Pairs

While most digital assets have been suffering, stablecoins have been surging since the market downturn in mid-March and tether (USDT) is capturing more than 70% of BTC trades today. Besides tether, a wide range of other dollar-pegged cryptocurrencies have also benefited this month, as the market valuation of eight different stablecoins combined is well over […] The post Stablecoin Market Caps Swell Over $7 Billion – Volumes Surpass Most Trading Pairs appeared first on Bitcoin News.

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Bitcoin's (BTC) Wild Price Moves Send Stablecoin Demand Through the Roof

Binance, one of the largest cryptocurrency exchanges, has nearly $1 bln worth of ERC-20 stablecoins in its coffers

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Crypto Lending Firm BlockFi Raising Interest Rates on BTC and ETH

BTC’s and ETH’s interest rates at the crypto lending firm will be increased starting April 1, while some stablecoins’ will remain the same

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BlockFi Adds New On-Ramp, Allowing Customers to Use Cash Deposits to Buy BTC

The cryptocurrency-focused financial company BlockFi said it now has a newly enabled feature that allows its customers to buy Bitcoin (BTC) with cash. Before, the Jersey City-based crypto lender, only allowed users only to transfer their digital assets [BTC, ETH, LTC, and stablecoins USDC, GUSD] onto the platform from wallets and exchanges. But after today's […]

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JP Morgan Blockchain Report: Bitcoin (BTC) Price, Stablecoins, Payments

JPMorgan Chase published its annual report on the blockchain development worldwide. Mostly, it covers the adoption models, use-cases and challenges the technology faces

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Ethereum vs Tron: Comparing Data, Defi and Stablecoins from Both Chains After Viral Tweet

On February 7, Cold Card and Opendime creator, Rodolfo Novak (also known as NVK), tweeted a picture of himself with Tron founder Justin Sun and Blockstream’s CEO Adam Back. Novak said “Ethereum was over” and the three had a plan to move Tron to Liquid, a network that leverages the BTC chain.

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