Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
USDT
How Ripple’s “RLUSD” Will Shake the Stablecoin Market: USDT, USDC Under Fire?
The post How Ripple’s “RLUSD” Will Shake the Stablecoin Market: USDT, USDC Under Fire? appeared first on Coinpedia Fintech News In the latest Thinking Crypto Podcast, Tony Edward interviewed Markus Infinger, SVP of RippleX, discussing Ripple’s upcoming stablecoin, RLUSD, and its potential impact on the crypto market. With RLUSD’s introduction, Ripple aims to strengthen its position in the growing stablecoin sector. Offering RLUSD on both the XRP Ledger and Ethereum main chain enhances accessibility and flexibility for users and investors.…
11 months ago
CoinEx Limited Offer on P2P Merchant Recruitment: Register as a P2P Merchant with 0 Margin and Share 20,000 USDT
The post CoinEx Limited Offer on P2P Merchant Recruitment: Register as a P2P Merchant with 0 Margin and Share 20,000 USDT appeared first on Coinpedia Fintech News The global cryptocurrency exchange platform CoinEx launched its P2P trading service in May 2024. The introduction of P2P not only provides a more convenient fiat currency for users but also offers new opportunities for global P2P merchants to join and expand their businesses. Since the launch of the P2P service, CoinEx has been…
11 months ago
Stalled USDT Liquidity Threatens Bitcoin Price Further Growth – Here’s Why
The price of Bitcoin has maintained a recovery trajectory over the last week, gaining by a significant 16.25% to move briefly above the $67,000 price mark. Bitcoin investors are likely hopeful the asset will record more price gains and finally embark on a bull run following the halving event in April. However, Bitcoin’s price future gains are theorized to be tied to multiple factors including the liquidity of the stablecoin market. Why A Stagant USDT Liquidity Is Harmful To Bitcoin?…
11 months ago
HashKey Global Launches 4th Launchpool:UXLINK (UXLINK) Lock USDT & UXLINK to Earn From 1,400,000 UXLINK Prize Pool
Hamilton, Bermuda, July 15th, 2024, Chainwire Licensed digital asset exchange HashKey Global is thrilled to announce the launch of its 4th project on HashKey Launchpool - UXLINK (UXLINK). Starting July 15, 2024, at 16:00 (UTC), users can lock their UXLINK & USDT tokens to earn UXLINK rewards over 5 days. Potential yield generation will commence on July 18, 2024, at 08:00 (UTC). By inviting friends to join, participants can grab an extra 50,000 UXLINK from the prize pool. Investors will…
11 months ago
HashKey and Upbit Embrace USDT on TRON Network, TRX Going Up
Upbit Global introduces USDT support on the TRON network with no withdrawal fees. The TRON network processes 6.75 million transactions daily, indicating robust activity. Upbit Global, a popular cryptocurrency exchange, has added support for the stablecoin USDT on the TRON (TRC20) network, allowing for deposits and withdrawals of this token. To commemorate this achievement, Upbit stated that USDT withdrawals conducted via the TRON network will be free of charge. This fee waiver is a smart move to encourage more users…
11 months ago
Flipster Launches Trading Competitions with 150,000 USDT worth of prizes to Celebrate 1st Anniversary
Warsaw, Poland, July 10th, 2024, Chainwire Flipster, a cryptocurrency derivatives trading platform, is celebrating its 1st anniversary by launching two competitions and giving away 150,000 USDT worth of prizes. Since its launch, the Flipster platform has been fueled by a 1,943% trading volume growth and 3,998% net asset growth. These figures accompany an equally impressive 190% sign-up growth, and a 565% growth in active traders, with users spanning across 177 countries, reflecting strong user retention and platform satisfaction. A fast-growing…
11 months ago
HashKey Global Announces 3rd Lock to Earn Launch With XRADERS (XR) – Earn from 142,000 XR and 120,000 USDT
Hamilton, Bermuda, July 8th, 2024, Chainwire HashKey Global, flagship licensed crypto exchange under HashKey Group is excited to announce the listing of XRADERS (XR). Deposits open on July 8, 2024, at 10:00 (UTC), with XR/USDT spot trading starting on July 11, 2024, at 8:00 (UTC), and withdrawals available from July 12, 2024, at 8:00 (UTC). Deposits and withdrawals will be via the BSC (BEP20) network. To celebrate the launch, HashKey Global is launching two events with a total prize pool of…
11 months ago
Why Tether (USDT) on TRON (TRX) is Vital for Businesses Targeting Emerging Markets
Blockchain payments firm Orbital has revealed that USDT on the TRON network makes up 98% of all payments processed by its clients as the stablecoin’s dominance continues to grow. USDT’s appeal is strongest in emerging markets for its low fees, instant settlement and easy access to the USD, which for most users, is the greatest hedge against runaway inflation. USDT is the world’s largest stablecoin, and while it’s just a tool for trade on exchanges for many in the developing…
11 months ago
Tether’s USDT on Tron Network Outpaces Visa with $53 Billion Daily Volume
The Tether USDT market dominance fueled by mass adoption on the Tron (TRX) network has threatened to dethrone Visa in global digital payments. The notable adoption of USDT on the Tron network has bolstered TRX price action amid the ongoing crypto correction that Bitcoin (BTC) led. The Tron (TRX) network, a top-tier layer one blockchain supporting multichain web3 development, has registered heightened stablecoin activity in recent times. Remarkably, the Tron network has outshone Visa Inc. (NYSE: V) in daily transaction…
12 months ago