Stablecoin Supply Plummets After Depegging Event: $7.4B Dollar-Pegged Tokens Withdrawn From Circulation

March 17, 2023 Bitcoin.com

Stablecoin Supply Plummets After Depegging Event: .4B Dollar-Pegged Tokens Withdrawn From Circulation

During the past 11 days, over 7 billion USDC stablecoins have been withdrawn from circulation, with most of the redemptions occurring following the depegging event of USDC on March 11, 2023. Furthermore, since March 6, a total of 439.48 million BUSD stablecoins have been redeemed. Stablecoin Depegging Event Triggers Billions in Redemptions The stablecoin landscape […]

Pantera Capital Announces Investment in Layer-1 Blockchain Toncoin, Triggering Modest Price Jump for TON

Avalanche Sees Surge in BTC Bridged to Its Network With Over $44 Million in Bitcoin Ported on Thursday

March 3, 2023 Bitcoin.com

Avalanche

According to statistics, the number of bitcoin bridged to the Avalanche blockchain saw a significant inflow on March 2, as more than 2,000 bitcoin were bridged on that day. Data further shows that as of Friday, March 3, a total of 8,504 bitcoin worth $190.9 million was bridged over to the Avalanche network. Bitcoin Bridged […]

Pantera Capital Announces Investment in Layer-1 Blockchain Toncoin, Triggering Modest Price Jump for TON

Ebb and Flow of Stablecoin Economy Continues With BUSD’s Market Cap Dropping Below $10 Billion Range

March 3, 2023 Bitcoin.com

Ebb and Flow of Stablecoin Economy Continues With BUSD’s Market Cap Dropping Below Billion Range

Altcoins

The realm of stablecoins is an ever-evolving landscape and the number of coins in circulation for the stablecoin BUSD has fallen below the 10 billion mark to approximately 9.68 billion on March 3, 2023. Over the last 30 days, BUSD’s token supply has dropped 40% lower. In contrast, the number of tethers in circulation has […]

Pantera Capital Announces Investment in Layer-1 Blockchain Toncoin, Triggering Modest Price Jump for TON

Shiba Inu Rival Burns 1,000,000,000,000,000 Tokens in Single Transaction in Push To Shrink Supply

March 2, 2023 The Daily Hodl

Altcoins

A rival of dog-themed crypto asset Shiba Inu (SHIB) is burning an eye-popping amount of its token supply as a deflationary measure. In a new announcement, the development team behind Baby Doge Coin (BABYDOGE) says it has burned a staggering quadrillion tokens, worth about $2.6 million at time of writing, from its supply in a […]

The post Shiba Inu Rival Burns 1,000,000,000,000,000 Tokens in Single Transaction in Push To Shrink Supply appeared first on The Daily Hodl.

Pantera Capital Announces Investment in Layer-1 Blockchain Toncoin, Triggering Modest Price Jump for TON

$48,800,000 in Ethereum Has Now Burned As Second-Largest Crypto Asset Becomes Deflationary

February 19, 2023 The Daily Hodl

Bitcoin

Ethereum’s supply is firmly on the decline amid a significant rise in network activity. The second-largest cryptocurrency by market cap has been a deflationary asset since mid-January, thanks to a recent upgrade known as EIP-1559. Since the upgrade, each time an ETH transaction is sent, a percentage of the transaction fee is permanently removed from […]

The post $48,800,000 in Ethereum Has Now Burned As Second-Largest Crypto Asset Becomes Deflationary appeared first on The Daily Hodl.

Pantera Capital Announces Investment in Layer-1 Blockchain Toncoin, Triggering Modest Price Jump for TON

Stablecoin Market Sees Supply Increase for Tether as Competitors Decline in Light of Recent Regulatory Developments

February 14, 2023 Bitcoin.com

30-day statistics

While the stablecoin market has seen significant redemptions in the past three months, the supply of tether, the largest stablecoin by market capitalization, has increased by 2.46 billion since mid-November 2022. Tether is the only one of the top five stablecoins by market valuation that has seen a supply increase in the past three months. […]

Pantera Capital Announces Investment in Layer-1 Blockchain Toncoin, Triggering Modest Price Jump for TON

Paxos Receives Wells Notice from SEC, NYDFS Orders Issuer to Stop Minting BUSD

February 13, 2023 Bitcoin.com

$16.1 billion

According to a report published on Feb. 12, 2023, the New York-based financial institution and technology company, Paxos, has received a Wells Notice from the U.S. Securities and Exchange Commission (SEC) regarding alleged violations of investor protection laws. Paxos revealed the following day that it would no longer mint BUSD and it was ending its […]

Pantera Capital Announces Investment in Layer-1 Blockchain Toncoin, Triggering Modest Price Jump for TON

Following APT’s 400% Rise Since Late December, Aptos Drops 20% From All-Time High

February 1, 2023 Bitcoin.com

$20 Ceiling

On Jan. 26, 2023, the cryptocurrency asset aptos (APT) reached an all-time high and then lost 20% of its value over the next five days. In the past 24 hours, it also shed 8.3% against the U.S. dollar. Despite the decline from its all-time high, APT is still up 349% compared to last month’s exchange […]

Pantera Capital Announces Investment in Layer-1 Blockchain Toncoin, Triggering Modest Price Jump for TON

Russians Offered Ready-made Crypto Exchange Accounts Amid Restrictions

January 31, 2023 Bitcoin.com

Account

Russian crypto traders have been looking to obtain unrestricted accounts for global exchanges as their access to such platforms is limited. Over the past year, the offering of such accounts on the dark web has increased significantly, cybersecurity experts told the Russian press. Supply of Crypto Exchange Accounts for Russian Users Doubles in a Year […]

Pantera Capital Announces Investment in Layer-1 Blockchain Toncoin, Triggering Modest Price Jump for TON

SHIB Token Sees Rise Ahead of Shibarium Beta Launch

January 16, 2023 Bitcoin.com

Army

The meme token shiba inu has seen a rise against the U.S. dollar during the last seven days as the coin’s supporters anticipate the beta launch of the layer two (L2) scaling solution Shibarium. Developers detailed on Jan. 15, 2023, that the L2 platform, “Shibarium beta,” is about to be launched on top of the […]

Supply

Share this video