Tether has a market capitalization of about $83 billion, compared to $50 billion for the second-largest, USDC. Tether’s peg has also been at risk these days, fluctuating between $0.95 and $1. Tether ...
Tag: Dollar
Silver Price Prediction – Silver Rallied on Dollar Weakness
Key Insights Silver prices rebounded after breaking down on Tuesday. Treasury yields pulled back despite a robust CPI print. U.S. Treasury yields whipsawed and then moved lower. Silver prices rose on ...
Is Tether (USDT) Following Terra’s UST In Losing Its Dollar Peg?
Tether (USDT), the world’s largest stablecoin, appears to be under extreme liquidation pressure amid the ongoing crypto crash. The token is down 4.8% to 0.9508- its lowest level since the 2017 crypto ...
Tether (USDT) losses dollar peg after the recent stablecoin drama with Terra’s UST
Tether (USDT) has become the next stablecoin to suffer from the ongoing stablecoin fiasco that started with TerraUST de-pegging from the US Dollar. USDT traders were treated to a scare after the price...
US Dollar Strength Weighs On CNY
China Last Night KraneShares Key News Asian equity markets were all down overnight. It was a light news day as Fed hike fears and the strong dollar weigh on local sentiment. According to Bloomberg New...
Tether Loses Dollar Peg Amid Ongoing Stablecoin Crisis
Tether (USDT), the world’s largest stablecoin, briefly dropped 5% on Thursday, falling as low as $0.95. The stablecoin has recovered some but is still trading at $0.98, according to data from CoinMark...
Dollar index breaks above 104: here’s what the charts are signaling
The US dollar’s bullish run continues as reflected by the dollar index (DXY) breaking above 104. The dollar’s surge is nothing short of impressive, considering its magnitude and the implications it ha...
Euro to hit parity vs. the dollar this year, Europe’s largest fund manager says
The chief investment officer of Europe’s largest fund manager expects the euro to fall to parity against the dollar. Vincent Mortier, the chief investment officer at Amundi, told the FT that the euro ...
Dollar Near Two Decade High as CPI Maintains U.S. Rate Hikes
The greenback has moved aggressively in the market, soaring close to its highest level since 2002. The mitigating CPI rates from April gave this much-needed push. With favoring numbers from the report...
Billionaire Sun Hongbin’s Sunac Defaults On Dollar Bond Payments
Sun Hongbin, chairman and CEO of Sunac, listens during a news conference in Hong Kong Jerome Favre/Bloomberg Sunac China Holdings, the real estate developer headed by billionaire Sun Hongbin, said it ...
AUD/USD Price Forecast – Australian Dollar Gives Up Early Gains
Australian Dollar vs US Dollar Technical Analysis The Australian dollar initially tried to rally during the trading session on Tuesday but gave back gains as we broke above the 0.70 level. It is worth...
UST’s Bitcoin Reserve Too Late in Coming to Save Dollar Peg
Don’t miss CoinDesk’s Consensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Luna Foundation Guard (LFG)’s proposed cry...
As Terra’s Dollar Stablecoin UST Collapses, LUNA Falls 97% to Under $1
In what will surely be a historic week in stablecoin history, Terra’s LUNA, the currency that backs its dollar-pegged stablecoin UST, has slid beneath a dollar at the time of writing. No, we haven’t ...
‘Dr. Doom’ Nouriel Roubini to Launch Tokenized Dollar Replacement — With Payment and ESG Features – Bitcoin News
Economist Nouriel Roubini, a crypto skeptic known as “Dr. Doom,” is developing a tokenized asset intended to be a more resilient U.S. dollar. “Our goal is to create a global store of value … This is s...
Wall Street Thinks These Stocks—Including McDonald’s, Dollar General And Visa—Can Weather Market Volatility
Topline Markets are so far having one of their worst years in history as investors are whipsawed by rising inflation, tighter monetary policy from the Federal Reserve and Russia’s war against Ukraine,...
What It Means For The Dollar And Bitcoin
The number 13 is steeped in superstition. It isn’t clear why the number has such significance, but even a prominent market timing technical indicator often gives buy or sell signals when an asset reac...
As Terra’s UST Loses Its Dollar Peg, Concerns About USDT & USDC Stability Hype!
As the cryptocurrencies like Bitcoin, Ethereum among others are known for their steep volatility, there is another asset class called Stablecoin and this is known for its least volatility due to its p...
Luna Nosedives Under $2, Loses 98% Of Its Value As TerraUST Struggles To Regain Its Dollar Peg
Do Kwon, co-founder and chief executive officer of Terraform Labs, poses in the company’s office in Seoul, South Korea, on Thursday, April 14, 2022. Photographer: Woohae Cho/Bloomberg © 2022 Blo...
Terra (LUNA) Tumbles 95% Weekly, What Does it Mean for Do Kwon’s Multi-Million Dollar Bet?
As Terra ecosystem’s UST stablecoin untethered over the weekend, LUNA slipped frantically as well, losing approximately 95% of its value. The efforts to rescue UST continue as LFG – the entity that ac...
Is the dollar index (DXY) a buy ahead of US inflation data?
The US dollar index (DXY) retreated slightly on Wednesday as investors waited for the upcoming American consumer inflation data. It is trading at $103.56, which is slightly below the year-to-date high...
Terra’s UST Stablecoin Falls Below the Dollar Tumbling LUNA’s Price – crypto.news
TerraUSD lost its value over the past weekend and fell to around $0.65 on Monday. It was the second time in three days that the currency had slumped below the $1. Since then, it has been trying to rec...
UST Stablecoin Veers Wildly From Dollar Peg. Here’s the Latest
UST, a so-called algorithmic stablecoin, works with LUNA to maintain a price of $1 using game theory and a set of blockchain-based mint and burn mechanics. In an ideal world, these mechanics are suppo...
Shiba Inu The Most Valuable Dollar Among Ethereum Whales
SHIB has a whopping 121,000 percent intra-year gain. On January 1, 2021, the token was only available for $0.000000000073, but after ten months, it had risen to $0.00008841. So, if you put $1 into the...
Nouriel Roubini oversees the development of tokenized dollar replacement
Economist and cryptocurrency critic Nouriel Roubini is heading up the development of a tokenized asset to combat fears of rampant economic stagnation and inflation. Roubini has long been a skeptic of ...
Silver Price Prediction – Silver prices slid sharply as the dollar rises
Key Insights Silver prices fall as yields surged. Treasury yields climb to the highest levels since 2018. Oil prices tumbled amid stronger dollar and demand concerns in China. Silver prices pull back ...
$2 Billion Bitcoin Sold to Stabilize Crashing UST Dollar – Trustnodes
The dollar stablecoin UST crashed to $0.68 in one of the biggest depeg ever seen in this space. The stablecoin has now somewhat recovered, but it is still down to $0.91 from its supposed $1 per coin e...
Economist Nouriel Roubini backtracks on anti-crypto stance with digital dollar plans
Long-term crypto critic Nouriel Roubini is working on a digital dollar through Atlas Capital Team L.P. that will serve as “a more resilient dollar,” Bloomberg News reported. Atlas Capital, co-founded ...
Luna Foundation to Loan $1.5 Billion in Bitcoin (BTC) and UST to Maintain Stablecoin Dollar Peg – crypto.news
The Singapore-based non-profit organization Luna Foundation Guard (LFG) will loan out BTC and UST worth $1.5 billion, as part of its strategy to protect the stability of the UST against market volatil...
Biggest Dollar Holding Among Wealthiest Ethereum Whales
Shiba Inu (SHIB) currently has the largest dollar holding compared to the rest of 100 ETH whales. In fact, CoinMarketCap has SHIB on their top 20 coins in the market cap category. Although SHIB seems ...
Crypto Critic Nouriel Roubini Signals Plans for a Tokenized Dollar
Economist Nouriel Roubini, who’s become famous for hating crypto, has begun work on a token that will be “a more resilient dollar.” Roubini and his team at Atlas Capital Team LP said that they recogni...
Famed Economist Plans Tokenized Alternative to the Dollar
Key Takeaways Nouriel Roubini is planning to launch a tokenized asset meant to serve as a hedge against what might be challenging times in the future. The new digital coin will be made up of U.S. Trea...