Ethereum experiences rocky trading day after Ethereum Foundation selloff

The Ethereum Foundation exchanged 1700 ETH on Uniswap for $2.738 million worth of USD Coin (USDC) today, Oct. 9., at an average price of $1,611, according to on-chain data. In the trading day since, ETH saw its price tumble as low as $1,553 before seeing a slight recovery to $1,577, where it stood at press […] The post Ethereum experiences rocky trading day after Ethereum Foundation selloff appeared first on CryptoSlate.

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USDC market cap hits two-year low even after Coinbase stake

The USD Coin (USDC) market cap is currently at a two-year low, with analysts saying it’s yet to fully recover after depegging earlier in the year. Data from CoinGecko shows that USDC has a market value just north of $26…

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Tether’s USDT Nears $84 Billion Milestone as Circle’s USDC Volume Drops to 2-Year Low

While Tether's USDT stablecoin has seen its supply increase to record levels, Circle's USDC has experienced a decline due to skepticism over its reserves, leading to a 37% drop in supply. The post Tether’s USDT Nears $84 Billion Milestone as Circle’s USDC Volume Drops to 2-Year Low appeared first on BeInCrypto.

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How The USDC Depeg Will Impact DeFi, Expert Explains

Following the closure of Silicon Valley Bank (SVB), the value of the world’s fifth-largest cryptocurrency, USD Coin (USDC), plummeted to an all-time low on Saturday. The U. S. -based company behind the coin, Circle, revealed that $3.

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Circle’s USDC Regains $1 Peg After Tumultuous Weekend

After breaking its peg over the weekend and trading as low as $0.87, Circles USDC stablecoin is now at $1 again. 1 USDC for $0.87 All eyes are on USDC...

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USDC Hits All-Time Low As Investors Pull Out Funds From The Stablecoin

USDC has been hit with a bearish wave following news of the collapse of Silicon Valley Bank on March 11. The stablecoin issuer Circle had revealed that it had $3. 3 billion in deposits with the defunct bank, contributing to uncertainty regarding USDC.

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USDC depegs as Circle burns $2.34b in 24 hours

USD Coin (USDC) has depeged from its $1 intended peg to trade as low as 81.5 cents. Meanwhile, Circle has burned $2.34b in USDC over the last day

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USDC Stablecoin Loses Dollar Peg Following Collapse of Major Banking Partner

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USDC de-pegs, Kraken CEO wonders if the market is losing trust in US products

By Mar. 11, USDC, a stablecoin, de-pegged, falling to as low as $0.89 during the Asian session, trackers reveal

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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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USDC Whale Holdings Percentage Hits A Two-Year Low

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Объем USDC на адресах китов упал до двухлетнего минимума

Доля депозитов, принадлежащих 1% крупнейших USDC-адресов, достигла минимума за 22 месяца на отметке 88,667%. На это обратили внимание аналитики Glassnode. 📉 $USDC Percent Supply Held by Top 1% Addresses just reached a 22-month low of 87.

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USDC whale holdings percentage lowest in almost two years

USDC tokens held by the largest addresses have dropped to a two-year low as Circle freezes Tornado Cash-related assets.

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Tether's USDT market cap dips below $70B for an 8-month low

Amid Tether losing market share over the past few weeks, the Circle-backed USDC stablecoin has been growing notably, with the market value surging to $55 billion.

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Gensler attacks USDT, USDC, BUSD while Do Kwon takes his 'razor focus to deliver'

The U.S. SEC Chair Gary Gensler criticized stablecoins and digital asset exchanges for trading against their customers. This criticism comes at a low point for the crypto market which is currently goiThe post Gensler attacks USDT, USDC, BUSD while Do Kwon takes his 'razor focus to deliver' appeared first on AMBCrypto.

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DeFi User Accidentally Pays $42k in Gas to Move Funds to Uniswap

In what will undoubtedly be the costliest Ethereum approval in February 2021, one user paid $42.2k in a single transaction to move funds from his USDC account to Uniswap V2 on Feb 23. The Error Coincidentally, this is when ETH prices toppled from their highs of around $1.8k, sinking to as low as $1.48k beforeRead More

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Bitcoin locked in DeFi marks an ATH, as Ethereum continues to trend low

DeFi leverages decentralized networks to transform old financial products into trustless and transparent protocols. The platform that supported Ethereum as collateral along with USDC and BAT recently The post Bitcoin locked in DeFi marks an ATH, as Ethereum continues to trend low appeared first on AMBCrypto.

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Binance Delists Coinbase Stablecoin USDC Trading Pairs

In a surprise move, Binance has delisted multiple trading pairs with Coinbase’s stablecoin USDC. The given reason was “low liquidity,” but there’s speculation that it is due to competition with Binance’s U.

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Poloniex уберет с платформы 23 торговые пары

Американская биржа криптовалют Poloniex объявила о намерении провести делистинг 23 торговых пар, отличающихся низкими объёмами торгов. Делистинг будет осуществлён 16 августа и затронет пары, использующие в качестве базовых валют Monero, Ethereum, стейблкоины USDT и USDC.

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In Light of Tether’s Fractional Reserve, a Shadow of Fiatcoins’ Future

Tether has taken a lot of heat for admitting it is running a fractional reserve. There’s no doubt that Tether’s unregulated nature makes this approach risky and that its lack of transparency is unsettling, but the entire modern banking system is architected on fractioned assets.

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Tether and Bitcoin prices diverge on exchanges following fraud investigation

Tether, the leading stablecoin, recently unpegged from the US Dollar after news that the New York State Attorney General is investigating iFinex Inc. , which operates Bitfinex and owns Tether Ltd.

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BlockFi Announces Global Expansion of Its Crypto-Backed Loan Services

Galaxy Capital–backed BlockFiis taking its loan services to the global stage. According to a statement shared with Bitcoin Magazine, the platform is expanding its services to an international audience.

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With New Exchange Listings and Demand, New Stablecoins See Pegs Broken

Fresh on the market, the industry’s newest batch of stablecoins is having trouble striking a price balance. Amidst news of listings on Huobi and OKEx, two of the industry’s largest exchanges, TrueUSD (TUSD), Gemini USD (GUSD), the Paxos Standard (PAX) and Circle’s USD Coin (USDC) have all risen well above their pegs.

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In Search of Stability: An Overview of the Budding Stablecoin Ecosystem

Stability. The word seems to be at complete odds with the current nature of the crypto market. With its flagship coin having “died” on hundreds of occasions, volatility and meteoric price swings have come to define cryptocurrencies, as price stability, ever-elusive, is in short supply.

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