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5 High-Profile Cryptocurrency Implosions Shatter Trust, Wipe out Billions in Value During 2022’s Crypto Winter

5 High-Profile Cryptocurrency Implosions Shatter Trust, Wipe out Billions in Value During 2022’s Crypto Winter2022 was a year of phenomenal cryptocurrency blowouts, as several projects collapsed and many more are on life support after the entire ecosystem was shattered. The fallout from these digital currency projects has not only removed billions of dollars in value from the crypto economy, but also eroded trust. The following is a look at […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

TUSD Leverages Chainlink Proof of Reserve for Real-Time Verification of Stablecoin Minting

TUSD Leverages Chainlink Proof of Reserve for Real-Time Verification of Stablecoin MintingOn Wednesday, the stablecoin project Trueusd announced that it is leveraging Chainlink Proof of Reserve (POR) technology to provide real-time verification for the minting of trueusd tokens. The trueusd crypto asset has a circulating supply of over 968 million tokens and is the sixth-largest stablecoin by market capitalization. Archblock Uses Chainlink to Verify Reserves Before […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

The Stablecoin Economy Shed $28 Billion in 2022 After a Handful of Tokens Lost Their $1 Peg

The Stablecoin Economy Shed  Billion in 2022 After a Handful of Tokens Lost Their  Peg2022 has been an interesting year for stablecoin assets as the market capitalization of the entire stablecoin economy lost just over $28 billion in value. Moreover, more than $3 billion has been erased from the stablecoin economy during the last 23 days as BUSD shed roughly 23.3% during the last month. Over $3 Billion in […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Stablecoin Blues: $3 Billion Erased From the Dollar-Pegged Token Economy, HUSD Depegs, USDC Supply Drops 10%

Stablecoin Blues:  Billion Erased From the Dollar-Pegged Token Economy, HUSD Depegs, USDC Supply Drops 10%Over three billion in value was erased from the stablecoin economy during the past 30 days. The trend occurred despite the number of tethers in circulation rising by 2.2% last month. On Oct. 1, 2022, tether’s market capitalization was approximately $67.95 billion, and it’s risen to $69.36 billion since then. Circle’s usd coin, on the […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Huobi Global to Delist HUSD — Stablecoin Slips Below $1 Parity to $0.89

Huobi Global to Delist HUSD — Stablecoin Slips Below  Parity to alt=On Thursday, the cryptocurrency exchange Huobi Global announced that the trading platform plans to delist the stablecoin HUSD and the delisting will begin at 08:00 (UTC) on October 28, 2022. Furthermore, users with HUSD held on the exchange will see their balances auto-converted to the stablecoin asset tether and the exchange expects to complete the […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Tether Hires BDO Italia for Monthly Assurance Reports, USDT’s Quarterly Attestation Shows a 58% Decrease in Commercial Paper

Tether Hires BDO Italia for Monthly Assurance Reports, USDT’s Quarterly Attestation Shows a 58% Decrease in Commercial PaperThis week, the stablecoin issuer Tether Holdings Limited revealed an update to its assurance and attestation process and detailed that the company has been working with accounting firm BDO Italia. The accounting firm will conduct monthly tether assurance reports based on the stablecoin issuer’s reserves. The following day, Tether published its quarterly assurance opinion completed […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Huobi Stablecoin Briefly De-Pegs From US Dollar Due to Liquidity Issues

Huobi Stablecoin Briefly De-Pegs From US Dollar Due to Liquidity Issues

The stablecoin of crypto exchange platform Huobi briefly de-pegged from the US dollar due to liquidity problems. The stablecoin, HUSD, dipped to as low as $0.87 before its liquidity crisis was resolved in just a few hours and it regained its peg. It is trading for $0.996 at time of writing, an 11% gain on […]

The post Huobi Stablecoin Briefly De-Pegs From US Dollar Due to Liquidity Issues appeared first on The Daily Hodl.

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Another Stablecoin Fluctuates Wildly as HUSD Slips Below USD Peg to $0.82 per Token

Another Stablecoin Fluctuates Wildly as HUSD Slips Below USD Peg to alt=The stablecoin HUSD, originally associated with the crypto exchange Huobi Global, lost its peg with the U.S. dollar on Wednesday, August 17, and it dropped even lower in value the following day on Thursday, August 18. On Thursday, Huobi addressed the public on Twitter and the exchange said “we are aware of the current liquidity […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal