Stablecoins, the cryptocurrencies pegged to fiat currencies like the U.S. dollar to keep their value steady, can still face failures. Several well-known examples demonstrate that maintaining stability is more challenging than it appears. So, how does something designed to be ‘stable’ unravel? A Historical Review of Stablecoin De-Pegging Incidents There’s no doubt that these stablecoins […]
Over the past week, the stablecoin market has expanded by $ 1.39 billion. Once again, tether (USDT) took the lead, with its supply increasing by 610 million USDT during the last seven days. Stablecoin Market Continues to Climb Though the pace has slowed, the stablecoin market keeps inching upward every week. On Sept. 7, …
On Tuesday, bitcoin’s price climbed to $ 61,600 after dipping below the $ 60,000 mark over the weekend. The leading cryptocurrency recorded a 2.9% increase against the U.S. dollar, boosting its seven-day gains to 6.9%. Crypto Chaos: Bitcoin Soars, Derivatives Traders Scramble After a brief dip below $ 60,000, bitcoin is back …
On Thursday, bitcoin (BTC) leaped to a high of $ 62,729, representing a more than 26% jump from its Aug. 5 low of $ 49,577, recorded just three days earlier. The broader cryptocurrency market, which encompasses over 10,000 digital currencies, saw an 11.29% rise over the past 24 hours, with many assets enjoying …
Meme coins are everywhere these days, but Pepe Unchained (PEPU) is looking to set itself apart. This frog-themed token has just passed the $ 6 million mark in its presale. And by promising a Layer-2 network built just for meme coins, it’s easy to see why investors are so excited about PEPU’s prospects. Pepe …