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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Bitcoin (BTC) на Currencies.ru

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Цена в час новости $ 30310.45 (107.02%)

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Источник: cryptoslate.com

being stablecoins → Результатов: 114

Libra: Will Asia end up being the largest user of private stablecoins?

Stablecoins have become very popular lately. Their combined supply reached an all-time high of around $10.4 billion on 12 May, with the day being the first time that the total market cap of all stableThe post Libra: Will Asia end up being the largest user of private stablecoins? appeared first on AMBCrypto.

2020-5-15 11:00	Trading View
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Why Is Only Tether Being Issued if There’s Such a ‘Surge’ in Demand for USD-Backed Stablecoins?

Many commentators in the cryptocurrency space are writing that there has been an unprecedented increase in demand for USD-backed stablecoins. However, only the Tether Treasury seems to be printing more of its stablecoin at this point.

2020-4-27 17:10	USDC
demand usd-backed stablecoins tether only seems treasury

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What’s Behind the Unprecedented Flood of Stablecoins?

The increase in stablecoins has been unprecedented in the past two months. This has led to some theories about what’s behind it. As you may have noticed, the amount of stablecoins being issued daily is at a remarkable rate.

2020-4-23 12:15
stablecoins behind unprecedented noticed amount may being

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Crypto Market Forecast: 20th April

Crypto assets enjoyed healthy price and fundamental gains over the course of last week. Leading platform blockchain (ETH) was a top-performing asset, benefiting from being the host of many top stablecoins that are enjoying a surge in demand.

2020-4-22 15:00	BNC insights
crypto being benefiting asset top-performing host many

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Why Staking Crypto such as TRX, KAVA and more is Gathering Steam

In brief: The Coronavirus crash of mid-March has resulted in a lot of crypto traders being cautious. The dominance of stablecoins is proof that they are waiting for favorable crypto conditions to get back to trading.

2020-4-20 19:16	TRON (TRX)
crypto proof stablecoins being cautious dominance waiting

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Tether's market cap hits $6B as exchanges' stablecoin balances cross $1B

The cryptocurrency market has been waiting anxiously for the reversal of the overarching bearish trend. However, stablecoins, on the other hand, have profited, being increasingly looked upon as an assThe post Tether's market cap hits $6B as exchanges' stablecoin balances cross $1B appeared first on AMBCrypto.

2020-4-1 11:00	Trading View
market cross tether balances stablecoin hits cap

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$7B and Counting Waiting to Enter Cryptocurrency Market

Present uncertainty in global stock and commodity prices is being reflected in the cryptocurrency markets. Swinging prices and a growing amount of capital parked in stablecoins are telling signs of investor indecision.

2020-3-29 06:15
prices cryptocurrency capital amount growing markets swinging

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5,000,000 Binance USD (BUSD) Minted With the Help of Pax Treasury

The relationship with PAX Treasury and Binance continues to deepen. It has just been revealed that the treasury has minted a fresh batch of 5,000,000 Binance USD (BUSD). Binance USD (BUSD) is one of the more obscure stablecoins despite being associated with the largest cryptocurrency exchange.

2020-2-5 19:47
binance treasury usd busd pax minted stablecoins

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Stablecoin Ethereum Flip Could Lead to Mass Adoption, Claims Binance CEO

Stablecoins in the cryptocurrency sphere have had a polarizing effect on the community since their emergence. Existing on Ethereum and other blockchains, many feel stablecoins are not true cryptocurrencies and are being stymied with pegs to existing fiat currencies, but there is a growing feeling that they are the pathway to mass adoption.

2020-1-31 10:08
stablecoins adoption existing ethereum mass stymied being

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$6 Billion in Stablecoins Poised to Enter Cryptocurrency Markets

Despite some analysts arguing that the next bullish cycle has already begun for the cryptocurrency markets, there still appears to be a lot of value sitting on the sidelines. Just short of $6 billion is being held in different stablecoins, presumably waiting for a signal to enter the market.

2020-1-31 02:20
markets billion cryptocurrency stablecoins enter sidelines sitting

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Stablecoin Popularity Grows As Their Value Transfers On Ethereum Blockchain Surpasses ETH

Most of the value in Ethereum blockchain is now being transferred using stablecoins rather than the blockchain’s native cryptocurrency, Ether. A fresh analysis by Messari indicate that stablecoins are now more popular on the Ethereum blockchain than Ether.

2020-1-31 20:02	Ethereum (ETH)
blockchain ethereum stablecoins ether value fresh analysis

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Stablecoins ‘Flip’ Ethereum’s Native Currency in Transfer Value

A greater share of value is being transferred via stablecoins over the Ethereum network than its own native cryptocurrency.

2020-1-30 07:21	USDT
value stablecoins native ethereum via network cryptocurrency

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Altcoin Numbers Continue Exploding in Spite of ICO History

The number of new altcoins and stablecoins being offered to the general public continues to increase. This is in spite of the fact that the Initial Coin Offerings (ICOs) that started the altcoin craze have met mostly failure.

2020-1-20 04:33	vitalik buterin
altcoin spite coin numbers fact offerings icos

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New Stablecoins Commence a Fresh Assault on Tether

Can any stablecoin topple tether? In 2019, the answer to that question was an emphatic ‘No. ’ Despite a string of stablecoins being released onto the market, tether (USDT) increased its grip on the cryptoconomy’s fiat supply, racking up $127B of on-chain volume on Ethereum alone.

2020-1-18 19:06	USDT
tether stablecoins increased usdt onto being grip

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Stablecoins Are Crypto’s Version of Fractional Reserve Banking

Stablecoins provide much sought after stability in the volatile crypto markets. They are sometimes even said to affect the price of bitcoin in drastic fashion. Tether (USDT) in particular continues to be widely scrutinized for this, with recent lawsuits about conflicts of interest and price manipulation being hotly contested.

2020-1-6 10:11
stablecoins price crypto scrutinized particular widely continues

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Circle CEO Jeremy Allaire Slams Tether for Being Unregulated Offshore Banking Solution

Circle CEO Jeremy Allaire openly shreds Tether for its lack of regulatory compliance while celebrating the success of USDC and stablecoins in general

2020-1-3 21:20
circle tether jeremy ceo allaire success celebrating

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Russian Central Bank Tests Stablecoins in Regulatory Sandbox

According to recent reports, the Bank of Russia has started using a regulatory sandbox to test the performance of stablecoins. Russia Warming to Stablecoins Russia’s stance towards cryptocurrencies has always been questionable, with the country’s intentions and goals never being fully known to anyone.

2019-12-26 16:45
stablecoins russia sandbox bank regulatory always country

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Equilibrium’s EOSDT Stablecoin Backed By Stability Fund Smart Contract, With Automatic Payouts

The cryptocurrency market is known for being extremely volatile, but stablecoins have helped to erase some of these concerns from investors. Equilibrium, a stablecoin issuers, decided to create more security for their EOSDT stablecoin, according to CEO Alex Melikhov.

2019-12-12 21:35	EOS (EOS)
stablecoin eosdt equilibrium these concerns erase investors

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Tether, Dai, Paxos take lead over Venmo as stablecoins report higher trading volume

With the market being driven by the price of Bitcoin, there are various speculations of the BTC market being manipulated by whales and others. As the users’ main focus lies with major cryptos, stablecoins are taking a lead in the competition with the payments app, Venmo in terms of transaction volumes.

2019-7-11 19:30	USDT
venmo stablecoins lead market tether being take

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France Forms G7 Cryptocurrency Task Force In Wake Of Facebook’s Libra

France will set up a task force for the G7 nations to investigate ‘stablecoin’ projects such as Facebook’s Libra cryptocurrency. France’s Central Bank Isn’t Entirely On-Board With Stablecoins France’s Central Bank Governor, Francois Villeroy de Galhau, made the announcement, while addressing finance industry officials.

2019-6-21 22:00	Libra
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BlockFi Adds Gemini Dollar Stablecoin Support

Crypto lender BlockFi is rolling out support for the gemini dollar (GUSD) stablecoin, claiming an expected initial annual percentage yield (APY) of 6. 2 percent for non-U.

2019-5-30 19:44	Digital assets
blockfi gusd prince dollar gemini company stablecoins

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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.

2019-5-13 16:37	Investing
tether banking these banks may assets like

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Bitcoin [BTC], altcoins could jump by $3 billion through stablecoin injection; eToro’s Greenspan agrees

The concept of ‘stablecoin’ appears to be treading the fine line between virtual and fiat. Investors can enjoy the benefits of ubiquity and universality of payments, two core concepts of the cryptocurrency world, while still standing in firm opposition of them by being tethered to a sovereign currency.

2019-4-6 18:30	Tether
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Is Your Stablecoin Being Disrupted Too?

For over a decade now, cryptocurrencies have been disrupting legacy finance. Jump started with Bitcoin, crypto markets exploded with CoinMarketCap currently showing 2136 cryptocurrencies. Growth in the number of coins has been fueled by market segmentation with projects catering to specific target audiences.

2019-4-4 18:22
cryptocurrencies stablecoin being disrupted your too market

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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	Tron
chia new enterprise-grade cohen bram digital bitcoin

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TrustToken Goes Back to Back Launching New TrueGBP Stablecoin Pegged 1:1 with British Pound

Stablecoins, for all the drama that surrounds them, have continued to thrive in the crypto market. Despite being called manipulation tools, they continue to appeal to investors due to their affiliation with fiat currency and their reputation of being more secure than traditional cryptos.

2019-4-2 21:09	News
market one back being fiat currency affiliation

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What Is DeFi and Where Does It Leave Bitcoin?

The Bitcoin bull and bear market cycles are a pattern that produces significant developments — when the market is cold, people tend to focus on building the next wave of groundbreaking technology.

2019-3-29 16:26	Digital assets
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Stablecoins Still Shakey, Diar Report Indicates

Tether, a crypto often in the limelight of controversy, is causing yet another stir in the stablecoin industry as its latest Terms-of-Service (ToS) update highlights “pan-stablecoin risks” according to the latest report from digital currency research firm Diar, March 18, 2019.

2019-3-20 21:00	USDT
latest stablecoin tether report diar fascinated bewildered

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IBM Exec Forecasts a Million-Dollar Bitcoin — When a Sat Will Equal a Cent

An IBM executive is unfazed by the current market realities, saying he sees Bitcoin (BTC) reaching a value of $1 million as a present possibility. Jesse Lund, vice president of Blockchain and Digital Currencies at IBM, shared his predictions at the IBM Think 2019 Conference, which took place February 12–15, 2019.

2019-2-23 00:42	Adoption
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Huobi’s V2.0 ‘Stablecoin for Stablecoins’ Aims to Close Arbitrage Loophole

Stablecoins are increasing their visibility within the crypto space as the universe of stablecoins expands and they become easier to trade. Now, digital exchange Huobi Global offers, as a trial, the HUSD Solution V2.

2019-2-16 16:00	USDC
stablecoins huobi volatility close aims stablecoin arbitrage

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Maker [MKR], Dash [DASH] Leading Today’s Gain – Ethereum 2nd Again

For starters – Implemented on the second largest blockchain Ethereum (ETH) network while depended on the concept of smart contracts, Maker [native token MKR] is a case when the much criticized crypo-volatility is battled an extend being backed by Ether.

2019-2-11 21:32
ethereum dash maker mkr much again gain

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Longhash Data Shows Dai (DAI) Stablecoin Wallet Addresses Increase by 20% Per Month in 2018

Stablecoins have gained massive popularity during the past year as the cryptocurrency market tumbled from all-time highs starting February 2018. One of the lesser-known stablecoins, Dai (Dai) has quietly been increasing its adoption as shown by the 7,300 addresses being opened monthly for the token.

2019-2-11 18:29	News
dai 2018 stablecoins addresses shows adoption shown

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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.

2018-12-14 01:16	Crypto Journal
new core altcoin revamps scam client even

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Stablecoins 2019: How Fiat Coins are Changing the Landscape of Cryptocurrencies Moving Forward

The down in the cryptocurrency market has led to an increase in stablecoin issuance. Right now, there are over 50 stablecoins being offered today. The big question here is how stablecoins are going to fare in the coming year.

2018-12-10 21:21	News
stablecoins fare going offered today big coming

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EU Workers Now Have the Option to Take Their Pay in a Euro Stablecoin

Blockchain Payroll Platform WorkChain. io has partnered with tokenization platform STASIS to enable euro-backed crypto paychecks for its European Union (EU) users with the EURS stablecoin.

2018-12-1 21:00	Digital assets
workchain stablecoin platform payroll workers eurs choose

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Binance Will Support USDC Trading Starting November 17

Binance — one of the most popular digital currency exchanges across the globe — has announced that it will be adding the fiat-collateralized stablecoin USD Coin (USDC) to its trading platform on November 17, 2018.

2018-11-15 21:11	Digital assets
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Op Ed: Anatomy of the Tether Attack: Are Stablecoins Vulnerable?

“Go for the Jugular” is the advice George Soros gave to his team during his famous attack on the British pound for a profit of $1 billion on so-called Black Wednesday in 1992.

2018-11-15 18:50	Op-ed
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A New Australian Dollar-Backed Stablecoin Slated to Launch on Stellar

Utility billing and payment services provider Novatti is launching a new Australian dollar (AUD)-backed stablecoin known as the Novatti AUD Utility Token on the Stellar Network.

2018-10-25 20:58	Digital assets
stellar stablecoin novatti network platform aud australian

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Huobi Global Follows OKEx In Listing 4 Dollar-Backed Stablecoins: PAX, GUSD, TUSD and USDC

Huobi Global has just announced that it will be listing 4 new stablecoins to its exchange: Paxos Standard (PAX), Gemini Dollar (GUSD), TrueUSD (TUSD) and USDCoin (USDC). The coins will be made available for trading on October 19.

2018-10-17 22:37	Cryptocurrency News
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PwC and Cred Partner to Develop Cryptocurrency Trading Technology

Global professional services firm PwC has partnered with decentralized lending platform Cred to boost trust in the cryptocurrency space and bring in more traders by advancing stablecoin technology.

2018-10-8 21:30	Investing
crypto cred pwc schatt get offer bitcoin

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PwC and Cred Partner to Promote Cryptocurrency Trading Technology

Global professional services firm PwC has partnered with decentralized lending platform Cred to boost trust in the cryptocurrency space and bring in more traders by advancing stablecoin technology.

2018-10-10 21:30	Investing
crypto cred pwc schatt get offer bitcoin

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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.

2018-10-3 19:05	Digital assets
tether stablecoin coins model stablecoins dai these

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Bitcoin Magazine’s Week in Review: Under the Microscope

This past week saw a flurry of reports and analyses released by various agencies and companies, speculating on the roles — past and present — of cryptocurrencies and blockchain technologies.

2018-9-29 20:00
bitcoin blockchain study week new privacycoins two

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Blockchain’s Report Examines Benefits (and Failures) of Today’s Stablecoins

Stablecoins have garnered serious investor attention over the past few weeks. Unlike bitcoin and similar cryptocurrencies, they are digital assets built to lessen price volatility and are often paired against the U.

2018-9-29 01:06	Digital assets
stablecoins percent stablecoin digital report roughly most

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Bitcoin Magazine’s Week in Review: Making Strides Across Industries

Industry buzz surrounded Ethereum this week as community members await the next stage of the coin’s development. The protocol also served as the jumping-off point for a new fully regulated stablecoin.

2018-9-16 18:41
ethereum week bitcoin judge settlement could court

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BitGo Gets Approval From State Regulators to Launch Custody Service

BitGo has received the green light from the South Dakota Division of Banking to act as a qualified custodian for digital assets, according to a Business Wire press release.

2018-9-14 20:01	Investing
bitgo custody services assets institutional investors company

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Berkeley Professor Questions Stablecoin Viability in Unflattering Op-Ed

University of Berkeley Professor Barry Eichengreen has taken a swipe at the viability of stablecoins in an op-ed published on Project Syndicate. The critique, entitled “The Stable-Coin Myth,” argues stablecoins are not automatically "viable" just because they are pegged to an asset, though Eichengreen does believe they have an advantage over "conventional cryptocurrencies" such as bitcoin which he says "is highly unstable" and "unattractive as units of account.

2018-9-13 18:07	Digital assets
stablecoins tether stablecoin stable usdt eichengreen bitcoin

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Stablecoins Not The Solution For Bitcoins Issues

The launch of stablecoins is viewed as a palliative measure to decrease the impact of the recent crisis with Bitcoin, some have even described it as ETFs replacement for a short time. However, Barry Eichengreen, a professor of Economics UC Berkeley has said that stablecoins are not the way to fix the problem.

2018-9-12 13:30	StableCoin
stablecoins even solution issues bitcoins value gold

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New York Regulator Approves Two New Stablecoins, Gemini Dollar and Paxos Standard

Ever since fears arose around Tether (USDT), it seems like a new stablecoin is released every week to try and take its place. Today two new stablecoins have been revealed, with the distinction of being approved by the financial regulator known for the New York Bitlicense.

2018-9-11 02:15	Stablecoins
new regulator stablecoins york two standard paxos

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Gemini and Paxos Both Launch Stablecoins on Ethereum Blockchain

Two crypto companies, Gemini Trust and Paxos, got a green light from a New York state regulator to launch their own stablecoins pegged 1:1 to the U. S. dollar. New York Department of Financial Services (NYDFS) gave an okay to Gemini Trust, the crypto exchange founded by the Winklevoss twins, to launch Gemini Dollar (GUSD).

2018-9-11 01:58	Investing
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Bitcoin faces a massive liquidity shift as these 5 crypto gatekeepers prepare to tighten the remaining market chokepoints

Bitcoin pricing in 2026 may hinge on officials and executives who set dollar liquidity, US market access, ETF distribution, stablecoin settlement capacity, and exchange venue rules, based on a market-structure framework that prioritizes chokepoints over social reach.

Bitcoin faces a massive liquidity shift as these five crypto gatekeepers prepare to tighten the remaining market chokepoints

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Arthur Hayes urges withdraw Zcash from exchanges: Is ZEC’s next move its wildest yet?

Arthur Hayes today urged Zcash holders to pull coins from exchanges and move them into shielded addresses. The former BitMEX CEO also disclosed that ZEC is now his second-largest position after Bitcoin.

Arthur Hayes urges ‘withdraw and shield’ Zcash: Is ZEC’s next move its wildest yet?

2023-4-16 16:30

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