Author: cryptodigitalnow

After Tuesday, when USD Coin’s daily’real volume’ on the Ethereum network doubled that of Tether’s USDT, it began to challenge Tether for the title of top stablecoin in the cryptocurrency world.The fact that USDC’s real volume has roughly doubled that of USDT over the past 24 hours, at least on the Ethereum network, may be another indication that the top stablecoin’s dominance is waning away.On June 21, Circle’s USDC hit $1.1 billion in daily real volume on the Ethereum network, which was double USDT’s actual volume of $579 million, according to crypto market analytics tool Messari.Messari’s actual volume statistic, which…

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Bitcoin, Ethereum and other major cryptocurrencies traded in red as the global cryptocurrency market cap has declined by four percent in the last 24 hours and it currently sits at $929 Billion. Two of the top cryptocurrencies BTC and ETH saw some strength on Tuesday before hitting reverse. Ethereum (ETH), Polkadot (DOT), and Chainlink (LINK), according to a well-known cryptocurrency strategist and trader, are probably not yet finished correcting. According to analyst Justin Bennett, the main smart contract platform Ethereum may be trading within a declining channel, indicating a further decline.EthereumHe said that extended movements in the opposite way are typically…

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New Delhi: Crypto market was trading mixed on Wednesday morning amid lack of fresh triggers. Investors, however, preferred profit booking than raising their hopes about a long-term rebound. Bitcoin dipped marginally but sustained above $20,000, whereas Ethereum was also under some pressure. Market experts see the volatility in the crypto market to continue in the near term. The top tokens in the crypto cart were trading mixed on Wednesday. Memecoins like Shiba Inu rose over 21 per cent, whereas Dogecoin surged 8 per cent. Cardano and Polkadot plunged close to 4 per cent each. The global cryptocurrency market cap was…

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The “crypto winter”, or months-long meltdown of digital currencies, is part of the natural cycle of a new type of asset as the coins experience their first “extremely aggressive” macroenvironment, according to analyst experts.The Wealth Today Summit was held in Dubai the day after Bitcoin fell 10 percent in 24 hours, below $20,000 for the first time since November 2020, after months of sustained losses. However, experts have said this is part of the natural cycle of a decade-old digital asset industry and a correction that needed to happen as the market matures.Karim AbdelMawla, a research associate at 21 Shares,…

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In recent months, there has been a barrage of cryptocurrency news owing to market turbulence and piecemeal regulatory developments. The cryptocurrency market—a $1.7 trillion industry that has grown substantially in the last decade—still suffers significant volatility. Moreover, cryptocurrencies fall into several regulatory gaps as federal regulatory oversight of the market is severely underdeveloped.  Crypto Tracker charts policy developments in cryptocurrencies, stablecoins, central bank digital currencies, and other digital assets from federal, state, and international regulators.   Activity Breakdown     Tracker   6/13/2022 – Crypto markets suffer shock as lender Celsius Network announces it will halt withdrawals amid regulator scrutiny.  6/10/2022 – Deputy…

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DMG Blockchain Solutions Inc. (OTC:DMGGF – Get Rating)’s share price rose 7.1% on Tuesday . The company traded as high as $0.21 and last traded at $0.19. Approximately 156,201 shares traded hands during trading, a decline of 43% from the average daily volume of 275,716 shares. The stock had previously closed at $0.18. The stock’s fifty day moving average price is $0.32 and its two-hundred day moving average price is $0.47. About DMG Blockchain Solutions (OTC:DMGGF) DMG Blockchain Solutions Inc operates as a blockchain and cryptocurrency company. It operates through data centre operations, data analytics and forensics, and developing enterprise…

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If crypto’s past bubbles are anything to go by, bitcoin could be about to fall much further.That’s according to one strategist, who warns the world’s top cryptocurrency is likely to tank as low as $13,000 — an almost 40% drop from current levels.”We would still be selling these kinds of cryptocurrencies into this environment,” Ian Harnett, co-founder and chief investment officer of Absolute Strategy Research, told CNBC’s “Squawk Box Europe” Tuesday.”It really is a liquidity play. What we’ve found is it’s neither a currency, nor a commodity and certainly not a store of value.”Explaining his bearish call, Harnett said past…

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Popular messaging platform Telegram has announced it is launching a new premium tier of its services as it seeks to monetize a part of its userbase. Reaching more than 700 million active users monthly, the new tier answers to the need of these users for more bandwidth and storage capacity, according to Pavel Durov, CEO of the company. Telegram’s New Premium Tier to Expand User Functionality Telegram, one of the most popular messaging apps in cryptocurrency circles, has announced it will introduce a paid premium tier of its services that will allow its users to access new features and expand…

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A former senior manager at Huobi, one of the world’s largest crypto exchanges, is being prosecuted in Hong Kong after accusations that he made $5mn by secretly trading against a company account he controlled.The case, which has not been previously reported, concerns trades allegedly made in February and March 2020 by a then-senior manager in Huobi’s institutional clients department, Chen Boliang.The claims against Boliang come as the crypto industry not only endures a spiralling credit crunch but, after years in the wild west of finance, is increasingly facing the consequences of employee conduct and compliance issues that have ensnared more…

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Input Output Global (IOG), the development company that runs the Cardano blockchain, on Monday said it will postpone the testnet of the network’s Vasil hard fork to the end of June, citing software bugs and a focus on quality and security. See related story: Cardano’s Alonzo Purple testnet begins onboarding users Fast facts The engineering team is “extremely close to finalizing the core work” on the upgrade, but there are seven bugs left to resolve, according to a post by Nigel Hemsley, head of delivery and projects.  Additional tests were added after the collapse of Terra Luna and “the stakes…

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