TrueUSD remains pegged to the dollar even after a year, is it the ideal stablecoin in 2023 and beyond? Find out in our analysis and price predictions of $TUSD explained below. TrueUSD was introduced by TrustToken as a digital asset backed by the U.S dollar with 100% collateral rate. In 2017, Rafael Cosman (present CEO), … Read more
eCash or XEC is presently priced at $0.00003372 (-1.47%) but in its best form since the past month (June 2023) and if you are planning to invest in $XEC, this blog will reveal everything you need to know. Starting off with the fundamental basics of the cryptocurrency, here’s a brief overview: Ticker Name XEC Price … Read more
Swiss prosecutors have taken a significant step in the ongoing legal saga surrounding Do Kwon, the co-founder of Terraform Labs, by freezing approximately $26 million worth of cryptocurrencies and US dollars believed to be associated with him and his associates. Quick facts: The asset freeze comes as a result of requests made by the New … Read more
Executives from the crypto yield platform Haru Invest have been hit with a travel ban by South Korean prosecutors amidst ongoing fraud allegations. This development adds to the growing concerns surrounding the cryptocurrency industry as the collapse of FTX and the subsequent arrest of its CEO, Sam Bankman Fried, send shockwaves through the global financial … Read more
Until the summer of 2022, Sam Bankman-Fried was widely recognized as a prodigious figure in the world of cryptocurrency. At the age of 30, he founded one of the largest cryptocurrency exchanges globally, earning him the reputation of a prodigious and innovative entrepreneur. Behind Bars or Redemption? The Fate of Sam Bankman-Fried Quick facts: Not … Read more
USD Coin or USDC is the second-largest stablecoin right after Tether (USDT), launched by Circle, a Boston based fintech organization. Similar to Tether, USDC is also pegged to the United States dollar, and backed by U.S. Treasury bonds. Since its initial launch in September 2018 for a price of $1.0043, USDC has reached an all-time-high … Read more
In a recent development surrounding the collapse of crypto lender Celsius, creditors have filed an amended lawsuit accusing the company’s executives of engaging in wash trading. Quick facts: According to a report by Bloomberg, the lawsuit now includes algorithmic trading firm Wintermute as defendant. These allegations add to the growing scrutiny faced by Celsius executives, … Read more
BitGo, a leading cryptocurrency custody provider, has faced a setback in its bid to acquire Prime Trust, a financial institution specializing in custodial and escrow services for digital assets. Quick facts: According to a recent tweet from BitGo’s official Twitter account, Prime Trust’s regulatory difficulties have caused the planned acquisition, which was just over two … Read more
The first-ever stablecoin, Tether (cryptocurrency) is more popularly known as USDT on the decentralized exchange. Tether Limited launched the crypto token in 2014 to tackle market volatility and currency convertibility. By the end of February 2015, USDT was live and trading for $1.2104 and ever since kept itself pegged to the dollar. Investors who are … Read more
Tether Operations Limited (Tether), the company behind the world’s largest stablecoin, USDT, has announced its plan to launch USDT tokens on the Kava blockchain. This move represents an expansion of Tether’s USDT offering, aiming to provide users within the Kava network with access to a trusted and widely adopted stablecoin. Quick facts: As per the … Read more