USDD

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

August 20, 2022 Bitcoin.com

Altcoins

This 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 […]

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Ripple Legal Chief Offers SEC Advice on Reforming Crypto Rules Under New Leadership

One Ethereum Rival Tripled Its Share of Total Value Locked Across DeFi After Terra (LUNA) Implosion: New Study

July 18, 2022 The Daily Hodl

Altcoins

A new report from crypto ranking platform CoinGecko is shedding light on one Ethereum (ETH) rival that tripled its share of total value locked (TVL) in the decentralized finance (DeFi) sector after the collapse of the Terra (LUNA) ecosystem. In the latest quarterly report, CoinGecko says DeFi saw a 55% decrease in TVL between April […]

The post One Ethereum Rival Tripled Its Share of Total Value Locked Across DeFi After Terra (LUNA) Implosion: New Study appeared first on The Daily Hodl.

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Ripple Legal Chief Offers SEC Advice on Reforming Crypto Rules Under New Leadership

Tron’s USDD Regains Stability After Tapping an All-Time Low at $0.92

July 5, 2022 Bitcoin.com

$1 Parity

Between June 13 and June 27, or roughly two weeks, Tron’s stablecoin USDD dropped lower than the $1 parity and slipped to a low of $0.928 per unit on June 19. During the past seven days, USDD has managed to jump back to the $0.98 to $0.99 region while reaching $1 on July 3. Tron’s […]

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Ripple Legal Chief Offers SEC Advice on Reforming Crypto Rules Under New Leadership

USDD Continues to Trade for Under $1 — Tron DAO Reserve Insists Stablecoin Has Not Depegged

June 21, 2022 Bitcoin.com

Abracadabra

Since June 12, 2022, the Tron-based stablecoin USDD has remained below a U.S. dollar in value. On Monday, USDD had a 24-hour trading range of around $0.943 to $0.966 per unit and the day prior on June 19, USDD saw an all-time low at $0.928 per unit. Despite being below the U.S. dollar parity, the […]

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Ripple Legal Chief Offers SEC Advice on Reforming Crypto Rules Under New Leadership

One Week Later, TRON’s Terra Ripoff Is Still Worth Less Than a Dollar

June 20, 2022 The Crypto Briefing

The TRON stablecoin USDD is meant to track the price of the dollar, but its struggled to maintain its peg over the past week. TRON Stablecoin Faces Depeg Issues TRONs...

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Ripple Legal Chief Offers SEC Advice on Reforming Crypto Rules Under New Leadership

Defi Protocol Abracadabra’s Stablecoin MIM Briefly Slides to $0.91 During the Crypto Market Rout

June 19, 2022 Bitcoin.com

$1 Parity

Amid the crypto market carnage this weekend, another stablecoin slipped below the $1 peg on Saturday, June 18, as the crypto asset called magic internet money (MIM) briefly dropped to a low of $0.914 per unit. The Abracadabra-issued stablecoin dropping in value follows the recent terrausd (UST) failure and USDD’s recent volatility last week. Stablecoin […]

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Ripple Legal Chief Offers SEC Advice on Reforming Crypto Rules Under New Leadership

Report: Bitmex, Deribit Liquidate 3AC’s Positions — Negativity Continues to Plague the Crypto Hedge Fund

June 17, 2022 Bitcoin.com

@hodlkryptonite

Two days ago, Bitcoin.com News reported on the crypto hedge fund Three Arrows Capital (3AC) after reports claimed that the company was allegedly struggling with financial hardship and possible insolvency. Now the crypto firm Finblox is feeling the effects of 3AC’s troubles, and a few digital currency companies have liquidated the hedge fund’s leveraged positions. […]

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Ripple Legal Chief Offers SEC Advice on Reforming Crypto Rules Under New Leadership

Report: Three Arrows Capital Liquidated for Millions, Sources Say Crypto Hedge Fund May Face Insolvency

June 15, 2022 Bitcoin.com

3AC

According to “well-placed sources,” speaking with The Block reporter Frank Chaparro, the digital currency hedge fund known as Three Arrows Capital (3AC) may be facing insolvency after significant liquidations. Sources say that the 3AC “liquidation totaled at least $400 million” and the hedge fund’s founder Su Zhu tweeted about “communicating with relevant parties” Tuesday evening […]

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Ripple Legal Chief Offers SEC Advice on Reforming Crypto Rules Under New Leadership

Tron’s USDD Remains Below the $1 Parity for 24 Hours, Token Hits a Low at $0.95 per Unit

June 15, 2022 Bitcoin.com

bitcoin.com

Tron’s stablecoin USDD has remained below the $1 parity for well over 24 hours and around 3:00 a.m. (ET), USDD hit a low of $0.958 per unit. The Tron DAO Reserve has deployed more tron tokens and USDC to defend the peg and the DAO’s reserve web page shows the coin is overcollaterized by 314% […]

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Ripple Legal Chief Offers SEC Advice on Reforming Crypto Rules Under New Leadership

Despite Overcollateralized Reserve, Tron’s USDD Stablecoin Slips to $0.974 per Token

June 14, 2022 Bitcoin.com

Altcoins

Following the crypto market carnage on Monday, the following day crypto prices have shown some improvement. However, Tron’s stablecoin USDD has once again dropped to $0.974 per unit, indicating a small amount of instability continues to plague the fiat-pegged token. The dip to $0.97 follows Monday’s deviation from the parity and comes after the Tron […]

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Ripple Legal Chief Offers SEC Advice on Reforming Crypto Rules Under New Leadership