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Huobi, a leading cryptocurrency exchange, received substantial deposits from a crypto whale, including $200 million USDT and 5,000 ether (ETH). These transactions come amidst a backdrop of continued outflows from the exchange.< https://allot-mvc.com/ /p>
Reddit’s community tokens, Moons (MOON) and Bricks (BRICK), experienced significant price surges following their listing on Kraken. These coins, which serve as rewards within specific Reddit communities, have garnered increased attention and value with their introduction to a major crypto exchange.
The 2024 elections in the US, Asia, Europe and Africa are poised to influence the global regulatory framework for Bitcoin and crypto. Follow CoinDesk for essential updates and expert analysis to see what’s at stake.
Ether and other cryptocurrencies, however, stand to gain much more from the crypto-friendly regulatory environment that Trump has promised and appears to be a priority for many in his inner circle. For example, one reason the spot bitcoin ETFs didn’t see as much success as bitcoin ETFs is because they don’t distribute staking rewards. Many in the industry are hopeful that will change next year.
With PayPal’s recent stablecoin announcement, scammers are attempting to capitalize on the hype by releasing counterfeit PYUSD tokens on various blockchains. This serves as a cautionary tale for investors to exercise due diligence and verify the authenticity of tokens before making any transactions.
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Terra’s LUNA token also hit new all-time highs as the layer 1 blockchain surpassed Binance Smart Chain to become the second-largest DeFi ecosystem. The price of LUNA increased nearly 140 times, spurred by demand for the project’s TerraUSD stablecoin, which reached a landmark market capitalization of $10 billion this week.
The total crypto market volume over the last 24 hours is $260.66B, which makes a 31.08% decrease. The total volume in DeFi is currently $11.42B, 4.38% of the total crypto market 24-hour volume. The volume of all stable coins is now $238.24B, which is 91.40% of the total crypto market 24-hour volume.
Terra’s LUNA token also hit new all-time highs as the layer 1 blockchain surpassed Binance Smart Chain to become the second-largest DeFi ecosystem. The price of LUNA increased nearly 140 times, spurred by demand for the project’s TerraUSD stablecoin, which reached a landmark market capitalization of $10 billion this week.
The total crypto market volume over the last 24 hours is $260.66B, which makes a 31.08% decrease. The total volume in DeFi is currently $11.42B, 4.38% of the total crypto market 24-hour volume. The volume of all stable coins is now $238.24B, which is 91.40% of the total crypto market 24-hour volume.
Unlike some other forms of cryptocurrency, Tether (USDT) is a stablecoin, meaning it’s backed by fiat currencies like U.S. dollars and the Euro and hypothetically keeps a value equal to one of those denominations. In theory, this means Tether’s value is supposed to be more consistent than other cryptocurrencies, and it’s favored by investors who are wary of the extreme volatility of other coins.
How much it costs to buy cryptocurrency depends on a number of factors, including which crypto you are buying. Many small altcoins trade for a fraction of a cent, while a single bitcoin will cost you tens of thousands of dollars. However, many brokerages and exchanges now allow fractional trading, offering investors the option to buy a portion of a cryptocurrency.
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Stablecoin, on the other hand, is a DLT-based cryptocurrency designed to maintain a stable value relative to another asset. It originated from a demand for a stable monetary unit in distributed ledger applications and is used more frequently for transactions than crypto.
For those countries, their objectives appear to broadly align: protect the consumer, prevent illicit financing, protect the integrity of the market and promote innovation. Their approaches, however, vary.
In the case of El Salvador, remittance costs are already close to the United Nations Sustainable Development Goal (SDG) target. Economists fear that when the country’s revenue and debt are managed in the US dollar and bitcoin, the national debt could skyrocket during dramatic swings in bitcoin price. Other countries in Latin America considering the adoption of crypto as legal tender should consider the impacts of volatility on individuals and the central bank balance sheet.
Stablecoin, on the other hand, is a DLT-based cryptocurrency designed to maintain a stable value relative to another asset. It originated from a demand for a stable monetary unit in distributed ledger applications and is used more frequently for transactions than crypto.
For those countries, their objectives appear to broadly align: protect the consumer, prevent illicit financing, protect the integrity of the market and promote innovation. Their approaches, however, vary.
In the case of El Salvador, remittance costs are already close to the United Nations Sustainable Development Goal (SDG) target. Economists fear that when the country’s revenue and debt are managed in the US dollar and bitcoin, the national debt could skyrocket during dramatic swings in bitcoin price. Other countries in Latin America considering the adoption of crypto as legal tender should consider the impacts of volatility on individuals and the central bank balance sheet.