Market focus

Tether (USDT), the world’s largest stablecoin, regained its peg to the US dollar on Friday after more than $3 billion worth of tokens left the system in a single day. On May 12, the stablecoin sunk as low as 95 cents and struggled to climb back to its intended dollar peg, as the recent collapse…

Tron founder Justin Sun kept his promise and introduced the project’s own algorithmic stablecoin, designated USDD. The unique thing about the new token is that it is backed entirely by cryptocurrency. There seems to be a new trend going around. The moment Terra launched its UST stablecoin (having issued over $18 billion), the Tron blockchain…

Bitcoin is on a downward trajectory, despite the fact that the cryptocurrency industry overall is growing quite vigorously. But BTC holders are clearly in a foul mood right now, although they still hold on to the “million-dollar bitcoin” outlook. If I am to give a dissenting opinion – the BTC depreciation against the dollar signifies…

Bitcoin tumbles to its lowest price since July 2021 as tighter monetary policy continues to impact risk-on assets. Bitcoin and ether lost pivotal support level leading to massive losses for long futures traders. Bitcoin fell to $29,731 on Tuesday, its lowest level since July 2021, after dropping nearly 12% last week, its worst weekly loss…

One unique blockchain business area, which rarely gets written about, is specialized security and privacy services. Among its most outstanding startups is Nym Technologies, whose developers claim that their network is superior to VPN and even Tor. Are they right? The race between “shields” and “swords” in cyberspace is everlasting. Back in 2017, when cryptocurrencies…

Breaking crypto news from the last week (Apr. 30 – May 6, 2022): Apr. 30: Three Arrows Capital, a crypto hedge fund, moves its headquarters from Singapore to Dubai as the UAE is gradually replacing Singapore as a crypto mecca. Bybit, Binance, Kraken, and FTX are setting up offices in the UAE as crypto migrates…