Crypto News

2022-06-19 20:01:32 Open / Comment

2022-06-19 14:23:05 Cryptos bounce after Elon Musk announces he is still buying

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2022-06-19 10:27:58 USDC records second-largest trading volume ever amid crypto market decline

Blockchain research agency IntoTheBlock notes that USDC captured the UST market in time and came close to USDT and then reached its highest trading volume ever.

Cryptocurrency analytics platform IntoTheBlock posted a message on Twitter stating that the USDC stabelcoin recorded the second highest trading volume during the global cryptocurrency market decline.

"Stablecoin activity is on the rise. Yesterday, USDC recorded its second highest volume ever. When BTC and ETH fell to $20,800 and $1,075, USDC's total online transaction volume reached $38.72 billion."

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2022-06-18 16:32:36 After Satoshi Nakamoto posted this: 35,700 tons of gold have been found, $13 trillion dollars have been printed, and 20,000+ cryptocurrencies have come and gone.

#Bitcoin has still not changed.

https://t.me/Only_Crypto_News Open / Comment

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2022-06-17 10:57:43 El Salvador Rides Crypto Crash - Bitcoin Stake HALVED

After the bold step to become the first country to adopt Bitcoin as legal tender, El Salvador is feeling the strain of the current cryptocurrency crisis as its almost $100mn investment has halved in value.

President Nayib Bukele plunged another $15mn into the biggest crypto last month at $30k, celebrating with a tweet boasting “El Salvador just bought the dip” only to see a third of that wiped off.

Plans remain in place to build a “Bitcoin City” powered by volcanic geothermal energy and funded by the sale of $1bn of Volcano Bonds - yet to go on sale - despite IMF urges to abandon the crypto gamble.

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2022-06-16 21:02:19 Tron to add $2 billion to USDD reserves to avoid depeg

Tron DAO project creator Justin Sun announced plans to replenish the USDD stablecoin's reserves. The company is prepping a $2 billion infusion to protect the asset from a wave of shorts.

"I don't think they can last for even 24 hours. Short squeeze is coming," Sun noted on his Twitter page.

The need to inject additional funds arose because of the wave of shorts. TRX has already fallen 18.8%. Open / Comment

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2022-06-16 18:44:03 Open / Comment

2022-06-15 23:07:55 Crypto Fund Managers Believe Bitcoin Will Hit $100,000 By Year End — link Open / Comment