Stablecoins and Crypto Market Crash – Forbes Advisor UK

Bitcoin, the pioneer of the crypto market, has taken a success lately. Blame the stablecoins. Final week, Bitcoin hit a 52-week low to $25,402 (£20,360), a stage not seen since December 2020. “Digital gold” has since rebounded, however on the time of writing it was nonetheless buying and selling round $30,000 (£23,990). Crypto and world … Read more

How to Minimize Your Risks by Investing in Stablecoins

This has significantly elevated the provision of stablecoins within the liquidity swimming pools of decentralized exchanges (DEXs), the place the worth of cryptocurrencies and tier 2 tokens is basically established in USD-pegged stablecoins. Lending swimming pools on lending DeFi platforms like AAVE have additionally created new earnings alternatives for stablecoin holders. There you possibly can … Read more

Crypto Crash: How Stable Are Stablecoins? | Cryptocurrency

Stablecoins play an necessary function within the cryptocurrency market. These tokens, whose worth is often pegged to an underlying forex, are anticipated to supply a straightforward solution to change digital property within the crypto financial system and assist additional adoption of crypto actions. A few of the hottest stablecoins by market cap embrace Tether (USDT), … Read more

Tether (USDT) redemptions fuel fears over stablecoin’s support

Tether has confronted repeated requires a full audit of its reserves. Justin Tallis | AFP by way of Getty Pictures Traders have drawn greater than $7 billion in tether for the reason that greenback briefly fell from pegging, elevating new questions in regards to the reserves backing the world’s largest stablecoin. Based on knowledge from … Read more

What are cryptocurrencies, stablecoins and CBDCs and how do they differ?

Credit score: Unknown man / Shutterstock Cryptocurrencies, stablecoins and central financial institution digital currencies (CBDCs) are gaining traction globally. Market watchers anticipate lawmakers to tighten cryptocurrency laws within the coming years. A number of nations are prone to observe in China’s footsteps and ban cryptocurrencies and stablecoins altogether. Others will doubtless observe in El Salvador’s … Read more

Why is the UK Treasury legalizing stablecoins despite the Terra collapse?

At a time when the collapse of the TerraUSD stablecoin swept the globe, there have been rising requires stablecoin regulation to make sure such an occasion doesn’t adversely have an effect on traders. Each the US and the UK have been distinguished proponents of this, and now, in an necessary choice, the UK Division of … Read more

Stablecoins Receive Queen’s Blessings as Support for Britain’s Landmark Crypto Legislation

Prince Charles, talking on behalf of the Queen of England (citing well being causes) within the Home of Lords final week, listed his authorities’s legislative priorities and the measures it plans to current to members of parliament. Because the nation’s cryptocurrency sector prepares for main laws within the coming months, one of many highlights throughout … Read more

It Could Be Worst For Cryptos After Rocky Week Shakes Stablecoins

Crypto world stabilizes after tough week shakes stablecoins Cryptocurrencies stabilized on Friday as bitcoin recovered from a 16-month low after a risky week dominated by the collapse within the worth of a so-called stablecoin, TerraUSD. Crypto property have been swept away by the broad sale of dangerous investments amid considerations about excessive inflation and rising … Read more

Crypto world stabilizes after rough week shakes stablecoins

Cryptocurrencies stabilized on Friday as bitcoin recovered from a 16-month low after a risky week dominated by the collapse within the worth of a so-called stablecoin, TerraUSD. Crypto property have been swept away by the broad sale of dangerous investments amid considerations about excessive inflation and rising rates of interest, however are starting to indicate … Read more

4 things to know about the meltdown of cryptocurrencies like Bitcoin (and stablecoins)

Because the outdated adage goes, typically the larger they’re, the more durable they fall. Bitcoin and different cryptocurrencies skyrocketed through the pandemic, turning many beginner traders into millionaires, at the very least on paper. Bitcoin, for instance, hit almost $68,000 all-time in November. As we speak it’s buying and selling at lower than half that … Read more