Cryptocurrency

Tether has further stretched the company’s reach and influence with the introduction of a dollar-pegged stablecoin (USDT) on the Polygon Network, a deal that extended the stablecoin to over 11 blockchain networks. Through its relationship with Tether, the Polygon ecosystem is expected to have a stable currency for investors, which will help generate yield in
0 Comments
As the dust settles on the cataclysmic collapse of the Terra ecosystem, an on-chain deep-dive carried out by blockchain analytics firm Nansen highlights two major takeaways. The cryptocurrency ecosystem was awash with varying speculatory theories around the cause of Terra’s algorithmic stablecoin UST’s decoupling from its $1 peg. The who and why seemed a mystery
0 Comments
One of the key features of cryptocurrency is the ease of cross-border payment. Tether seems to have taken this concept a step further in order to explore the multibillion-dollar remittance market in Latin America by creating a Mexican Peso-pegged stablecoin. Tether announced on Thursday that it has added Mexico to its list of stablecoins, announcing
0 Comments
Citizens of Brazil are now required to pay tax on any cryptocurrency-related activities and revenue, as announced by the Federal Revenue of Brazil (RFB). This new law means that every cryptocurrency-related activity like NFT flipping, remittance, and trading activities are taxable, with some exceptions. However, the enforcement is a bit confusing and surprising to see
0 Comments
Solana price has begun to consolidate in a tightening range and if the wider market remains stable, it’s possible that SOL could break out in the short-term. SOL’s upside potential in the short-term could be significant with the move itself occurring quickly. The 2022 Volume Profile between $53 and $90 is extremely thin, indicating that
0 Comments
The collapse of Terra’s ecosystem — namely, native coin LUNA and algorithmic stablecoin TerraUSD (UST) — rocked the wider blockchain and cryptocurrency ecosystem. Not only did Terra-ecosystem tokens (such as Anchor’s ANC) collapse in value, but the widespread fear, uncertainty and doubt sent market-leading cryptocurrencies Bitcoin (BTC) and Ether (ETH) below $27,000 and $1,800, respectively,
0 Comments