Related to cryptocurrencies pegged to stable assets like fiat currencies or gold to reduce volatility.
Tether ($USDT) teams up with Phoenix Group and Green Acorn Investments to launch an AED-pegged stablecoin, fully backed by UAE liquid reserves. This aims to streamline international trade, reduce transaction fees, and hedge against currency volatility.
? Terra’s Chapter 11 bankruptcy hearing is set for Sept. 19, 10:00 AM ET. $LUNA price rose 2%, $LUNC trading volume surged 38%. Terra plans to burn tokens to reduce supply and potentially boost value. Investors, stay tuned! ? #CryptoNews
Gemini to delist $LUNC, $SNX, $QRDO, and $ZBC amid market review. Users must withdraw assets by Sept 20. Crypto community confused by Gemini’s naming of wLUNA as $LUNC. This may prompt other exchanges to reassess listings.
Tether ($USDT) boosts liquidity with $33B issuance on Ethereum and TRON in 2023. Market cap hits $116.93B, holding 69.49% dominance. Strategic reserve replenishment enhances stability and innovation, benefiting the broader crypto community. #Cryptocurrency #Blockchain
Tether integrates $USDT with the Aptos blockchain, aiming to slash transaction fees and boost efficiency. This move follows USDT’s support on the TON network, potentially revolutionizing the stablecoin market by making transactions faster and more cost-effective. #CryptoNews
Nigeria to implement balanced crypto tax law in September 2024. The regulation aims to tax crypto companies and protect Nigeria’s financial system, while controversy with $BNB over alleged financial misconduct intensifies. #Crypto #Nigeria #Finance
$USDT launches on @Aptos_Network, enabling cost-effective transactions and boosting DeFi activity. Aptos recently hit 326M daily transactions, showcasing its scalability and potential to revolutionize blockchain finance.
Tether expands $USDT to the Aptos blockchain, leveraging its advanced technology. Daily active users on Aptos rose to 170K, and $APT surged 3% to $6, with a 51% spike in trading volume in the past 24 hours.
? The $LUNC community proposes a $250K bounty to re-peg $USTC to $1, potentially exceeding $1M. Key requirements: stability, security, decentralization, and economic incentives. Expert review and governance voting will determine the winner. #crypto #blockchain
IMF proposes 85% electricity tax on AI and crypto mining to curb emissions. These sectors use 2% of global electricity, potentially rising to 3.5%. Tax could generate $23.2B annually. ChatGPT uses 10x more power than Google Search. #Sustainability @IMF
Nigeria freezes $37M in $USDT linked to @MEXC_Global and @kucoincom wallets amid a money laundering probe. The EFCC alleges ties to terrorism financing. Federal High Court Judge Nwite approved the freeze on Aug. 9, 2024. #CryptoRegulation
Illegal cryptocurrency mining farm discovered at Chernihiv municipal enterprise, generating $1300/month using public power. Enterprise head faces up to six years in prison, fines, and job ban. #CryptocurrencyNews
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Tether CEO warns MiCA’s 60% reserve mandate endangers stablecoins’ stability. Points to Silicon Valley Bank collapse as a cautionary example of increased systemic risk. Major crypto exchanges like $BINANCE are adjusting policies to comply. #Stablecoins
Celsius sues Tether for $2.4B over alleged wrongful liquidation of 39,542 BTC. Tether claims Celsius’s mismanagement is to blame. This case could reshape crypto lending norms. #CryptoNews $CEL $USDT
