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2023-01-07 10:31:02 BUSD Sees $5 Billion Reduction in Supply in 24 Days

According to statistics, the stablecoin BUSD saw a significant drop in its supply over the past 30 days, shedding roughly 23.8% from Dec. 5, 2022, to Jan. 6, 2023. Since Dec. 13, 2022, BUSD’s supply has been reduced by more than $5 billion.

BUSD, the stablecoin founded by Paxos and Binance, has experienced a significant reduction in its circulating supply. Data shows that among the top ten stablecoins by market capitalization, BUSD has lost the most between Dec. 5, 2022, and Jan. 6, 2023. Tether managed to increase by 1.1% over the past month, and USDC jumped by 1.8% in the last 30 days.

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2023-01-06 06:28:02 MoneyGram Required The Court To Seal Parts Of Its Filings In The XRP Lawsuit

MoneyGram asked the U.S. District Court for the Southern District of New York on Wednesday to seal some of the summary judgment documents in the ongoing dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC).

MoneyGram stated that it hopes to secure company information and employee names by sealing portions of its documentation for the summary judgment, a sort of judgment normally delivered on the basis of statements and evidence without a full trial. putting an end to a related arrangement that involved on-demand liquidity transactions worth a few billion dollars.

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2023-01-05 06:12:02 Bitcoin Miner Stronghold Converts $17.9 Million Of Debt To Preferred Stock

According to a press release on Tuesday, Stronghold Digital Mining, a Bitcoin miner, has reached an agreement with noteholders to convert $17.9 million in convertible debt into $23.1 million in convertible preferred shares.

The transaction marks the Bitcoin miner’s most recent attempt to strengthen its balance sheet. Stronghold reached an arrangement in August to pay off a debt of $67.4 million by returning 26,200 mining machines to the lender NYDIG.In an effort to increase its cash flow, the company terminated a hosting contract with Northern Data of Germany in September. Greg Beard, co-chairman and chief executive officer, stated.

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2023-01-04 06:28:02 Justin Sun: Huobi Plans To Reach 100 Million Users By 2023

On January 3, Justin Sun, the founder of TRON and a member of the advisory board of Huobi Global, shared on his account that Huobi plans to reach 100 million users in 2023.Meanwhile, Huobi still needs to explain about Pi Network, accusing the exchange of arbitrarily listing Pi.

Justin Sun is proud to present Huobi Exchange which has 100% uptime and has not had a single security breach in the industry in the past ten years. This is because it operates in an industry where cyber-attacks and hacks are widespread.However, in further development, Pi Network has officially listed on the Huobi exchange. According to the latest statement, Huobi announced it would be opening Pi (Pi Network) spot trading (PI/USDT ) at 09:00 (UTC) on December 29.

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2023-01-03 05:03:02 ENS Domains Surpassed Over 2.2 Million New Registrations In 2022

Over 2.2 million ENS domains were registered in 2022. This number marks strong growth over the past year. There were around 437,000 new .eth registrations in September 2022, setting a new monthly record. The increase in subscribers peaked prior to an update to The Merge.

Key ENS measures, such as registrations, renewals, and revenue, were at an all-time high, according to Nick Johnson, the project’s developer, in May 2022. ENS domain names must be created as NFTs on the Ethereum blockchain and finish in “.eth.” They can be traded on auxiliary NFT markets. You need a crypto-native browser, such as Brave, to access.eth domains.

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2023-01-02 14:33:48 Place your Advertising now in the @TradeCryptoNow channel.

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2023-01-02 05:58:02 Circulation Of Circle USDC Grew By $200 Million Over The Last Week

Circle issued a total of USD 4.2 billion USDC, redeemed USD 4 billion USDC, and increased circulation by USD 200 million from the 22nd to the 29th of December. The reserve consisted of 10.4 billion dollars in cash and 34.2 billion dollars in short-term US government bonds.

The company that is responsible for the stablecoin known as USDC, Circle, has raised the circulation of the coin as of the final week of 2022. From the 22nd to the 29th of December, Circle issued a total of USD 4.2 billion USDC, redeemed USD 4 billion USDC, and increased circulation by USD 200 million, as stated by official Circle sources. As of the 29th of December, the total amount of USDC in circulation was 44.3 billion dollars.

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2023-01-01 05:36:02 Compass Mining Wins $1.5 Million In Court Ruling Against Dynamics

On Thursday, Judge J Travis Laster, of the Delaware Court of Chancery, ruled in favour of Compass Mining and entered a default judgment against Dynamics for $1,474,400, plus post-judgment interest and costs.

Compass launched a lawsuit on the grounds that Dynamics was hostage-taking its equipment and claimed that the accusations were totally false. Additionally, the firm said that while it had contributed roughly $1.7 million to the development and maintenance of three buildings, Dynamics had failed to meet some of its duties. according to a statement, Compass is unclear whether it will be able to recover that money.

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2022-12-25 17:46:02 $TIME is the most oversold coin.

Located in the accumulation zone 53-57.
Could pump hard
I am buying some.

A few key points about the project:

1. Founded in 2016, Chrono.tech operates the biggest crypto freelance platfrom - LaborX. Seems like there're some special perks for TIME holders.
2. Token is already listed on tier-1 exchanges, including Coinbase and Kucoin.

3. In the near future the TIME token will be listed on two top exchanges.

4. TIME-30D Fixed Promotion on KuCoin, APR of 72%! WOW

The price stabilized at around 53-57, looks good for a medium term holding.

P.S: Not financial advice.
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2022-12-25 05:11:03 North Korean Hackers Have Stolen $1.2B in Crypto Since 2017

Hackers sponsored by North Korea have stolen an estimated 1.5 trillion won ($1.2 billion) in cryptocurrencies from around the world since 2017, according to an AP News report citing South Korea's main spy agency, the National Intelligence Service (NIS).

The NIS believes that North Korea is among the best in the world when it comes to stealing crypto as the country turned its focus on cybercrime after U.N. economic sanctions were toughened in 2017 in response to its nuclear and missile tests. Of that sum, a reported $78 million has come from South Korea.

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