Tag: Stablecoins

China’s central bank deputy governor said the bank is “quite worried” about risks from private digital currencies, particularly so-called stablecoins, such as Tether, while China is testing its own digital yuan. According to CNBC translation, Fan Yifei of the People’s Bank of China (PBOC) has voiced concern that digital currencies pegged to a fiat currency…

In Venezuela’s economy, disrupted by hyperinflation and United States sanctions, cryptocurrency is a way to provide services and a tool to send remittances, protect wages from inflation and help businesses manage cash flow, Al Jazeera reported. Cryptocurrency in Latin America has attracted attention again in June after El Salvador adopted Bitcoin as legal tender. Its…

Another decentralized finance (DeFi) protocol suffered a collapse in token value. The IRON Titanium Token, or TITAN, backed by billionaire Mark Cuban fell from over $60 to zero dollars on June 16 morning. Cuban has claimed he ‘got hit like everyone else’ after the token crash. The DeFi Titanium token in one day has dropped…

Currently, the cryptocurrency market is clearly showing a decline in major coins, but among all this, a sudden drop, at about the same time, in many major stablecoins, clearly stands out At 13:30 UTC, major cryptocurrencies are bleeding, and the top 10 by market capitalization are seeing losses between bitcoin (BTC)’s 23% and binance coin…