Category: Altcoins

Redemptions Plague Stablecoin Economy, Wiping Out Over $2 Billion in June

July 2, 2023 Caden

The market capitalization of the stablecoin economy on July 2, 2023, has fallen below the $129 billion mark to the current $128.21 billion, according to statistics. Just over $2 billion in stablecoins have been withdrawn from the stablecoin token economy since May 28. Stablecoin Economy Faces Contraction as Market Capitalization Dips Below $129 Billion The…

Altcoins, BUSD, crypto economy, crypto market, DAI, dollar-pegged coins, dollar-pegged tokens, Gains, July 2, Losses, Market Capitalization, Market Valuation, redemptions, Stablecoin Economy, Stablecoins, Statistics, Supply, Tether, token economy, Trade Volumes, trueusd, tusd, USDC, USDT, Value

Helium Network Migration to Solana Blockchain in March Drives Significant Gains for SOL and HNT Tokens

February 20, 2023 Caden

Over the past seven days, the crypto asset solana has increased more than 23% against the U.S. dollar after the announcement that the Helium Network plans to migrate to the Solana blockchain on March 27. Helium Network’s native token, helium, has also risen, jumping 25% over the past week against the greenback. Core Helium Devs…

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Ethereum Classic’s Hashrate and Price Trend Lower After Ethereum PoW to PoS Transition

January 30, 2023 Caden

Just before the Ethereum network transitioned from a proof-of-work (PoW) blockchain to proof-of-stake (PoS), Ethereum Classic’s hashrate saw a significant increase. Three days after The Merge, Ethereum Classic had 214.37 terahash per second (TH/s) of hashrate. However, since then, the network’s hashrate has decreased significantly as 44.33% of it has been lost over the last…

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Tether Launches Stablecoin Pegged to the British Pound Sterling

June 21, 2022January 27, 2023 Caden

Tether, the company behind the largest stablecoin by market capitalization, has announced another fiat-pegged stablecoin called GBPT on Wednesday, tied to the value of the British pound sterling. The news follows Tether’s most recent launch of a Mexican peso-pegged crypto asset called MXNT. Tether Launches the Company’s 4th Fiat-Pegged Crypto Asset On June 22, 2022,…

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