The supply of the Binance branded stablecoin BUSD is dwindling fast as crypto traders ditch the beleaguered asset. The third largest stablecoin, Binance USD (BUSD), is dwindling fast as its supply has...
Tag: Shrinks
BTC whale population shrinks to early 2020 levels — 5 things to know in Bitcoin this week
Bitcoin (BTC) keeps pushing for a bullish end to February as the monthly close starts another week’s price action. The largest cryptocurrency looks set to preserve its gains as it closes the second mo...
Binance Stablecoin Outflows Top $1B as BUSD Supply Shrinks
Binance USD (BUSD) has given up millions in supply as the Securities and Exchange Commission (SEC) flagged plans to sue the stablecoin’s issuer Paxos as part of its crypto regulation tightening. Paxos...
USDC Supply Shrinks by $1 Billion Amid Market Correction
USDC, the second-largest stablecoin by market cap, has seen a sharp drop in its circulating supply over the past week as the market experienced a correction, which pushed the price of Bitcoin below $2...
Grayscale Bitcoin Trust Discount Shrinks To 38%
The Grayscale Bitcoin Trust (GBTC) took a surprising development yesterday, Monday, January 9, when the world’s largest private BTC fund rose 12% in price. As TradingView data shows, the GBTC share pr...
Tron Shrinks, USDD Depegs: Huobi drama to be blamed
Justin Sun, the founder of Tron, also sits on the advisory board at Huobi. Huobi announced 20% layoffs and employees to receive salaries in stablecoins. Tron-based USDD lost its peg by 3 cents. Tro...
Crypto News Live Updates Dec 19: Bitcoin Price Shrinks; Ethereum Trades Below $1.2K
Crypto News Today Live Updates December and Latest News: (19 December 2022) The global digital asset industry downturn continues as its market cap has dropped by around 0.6% over the past 24 hours. It...
Chiliz shrinks >16% but ETH whales have different plans for CHZ
Chiliz put up a deplorable performance despite anticipation for a rally in the wake of a global sports event In the forthcoming days, CHZ might not halt its downtrend Chiliz [CHZ], the Ethereum [ETH] ...
The Bear Market Shrinks Sandbox and Lino DAO While BudBlockz Aims To Boost Return
The crypto market has been a war between the bull and the bear, with the bear dominating the entire marketplace. While most cryptocurrencies are yet to get out of it, investors fear losing their funds...
Signature Bank shrinks crypto-tied deposits by $8-10B
Crypto-friendly Signature Bank (SBNY) announced that it would shrink its deposits tied to crypto assets by $8 – $10 billion. SBNY’s decision indicates that the bank might be distancing itself from the...
China Down Jacket Leader Bosideng’s Profit Grows, Retail Network Shrinks
Down jackets hang on display inside Bosideng’s flagship clothing store in Shanghai in 2017. … [+] Photographer: Qilai Shen/Bloomberg © 2017 Bloomberg Finance LP Bosideng International Hold...
Solana Market Cap Shrinks Below Litecoin in Protracted Descent
The market cap of the popular proof-of-stake blockchain, Solana, slipped below that of the OG proof-of-work blockchain, Litecoin, according to Coingecko. Once dubbed the “Ethereum Killer,”...
Solana Price Analysis & Prediction (Nov 15th) – Volatility Shrinks After Massive Sell-Off: Is SOL Preparing for Another Sell-Off?
Solana has just reacted to a key level due to a current increase in Bitcoin’s price. Though the price is still looking weak in the higher time frame. After collapsing beneath $26, it has lost over 50%...
Valkyrie Shrinks Staff to 16 People After Latest Cuts
Valkyrie Investments has laid off 30% of its staff in recent months and has closed a fund as the crypto ETF issuer tries to stay agile amid tough market conditions. The cuts amount to six people in t...
Bitcoin’s Mining Difficulty Shrinks for the First Time in 4 Weeks – Mining Bitcoin News
Bitcoin miners caught a small break late Sunday evening (ET) after the network’s mining difficulty dropped 0.20% lower than the difficulty rating two weeks prior. The drop is the first mining difficul...
Twitter growth shrinks across key industries, including crypto
An internal study by Twitter shows an alarming decline in interest for previously top-performing topics as well as a shift to not-safe-for-work (NSFW) content that’s made the platform less attractive ...
Bitcoin Volatility Shrinks To All-Time Lows
The Bitcoin price is currently so stable that some experts are already jokingly comparing it to a stablecoin. However, from a historical perspective, this low volatility level carries a lot of risk. A...
Data Shows US Economy Shrinks Amid Recession while Crypto Surges in Bearish Rally
The NY Empire State Index, which shows the state of business conditions in New York, on Monday released a new data indicating a significant weakness in the US economy. The data showed that manufacturi...
JPMorgan Profit Shrinks By 17%; Will It Affect Crypto?
The correlation between the traditional and digital asset markets is at its peak. Any minor statement or data released by the authorities is enough to surge or plunge the markets. However, JPMorgan, a...
UK GDP Shrinks Unexpectedly, Recession Alarm Goes Off
In an unexpected turn, the UK’s GDP has shrunk by 0.3%. The monthly estimates revealed by the Office of National Statistics reveal an MoM change of -0.3% in August. The GDP was expected to be at 0% Mo...
UK GDP Shrinks by 0.3% Raising Economic Downturn Concerns
8 hours ago | 2 mins read Bitcoin News Concerns over a potential economic downturn are sure to rise in light of these figures. According to the World Bank, a severe recession in the global economy is ...
China’s Factories Accelerate Robotics Push as Workforce Shrinks
China installed almost as many robots in its factories last year as the rest of the world, accelerating a rush to automate and consolidate its manufacturing dominance even as its working-age populatio...
Amazon Shrinks Staff by 100,000, Joining Netflix and Google in Hiring Slowdown
(Bloomberg) — With recession fears mounting—and inflation, the war in Ukraine and the lingering pandemic taking a toll—many tech companies are rethinking their staffing needs, with some of them ...
US Officially in Recession as GDP Shrinks 0.9% – Trustnodes
The United States economy has contracted for the second quarter in a row according to the just released data by the Bureau of Economic Analysis. “Real gross domestic product (GDP) decreased at an annu...
China’s Domestic Tourism Shrinks Amid Covid Lockdowns
The Great Wall of China has long been a popular tourist attraction in the country. (AP Photo/Ng Han … [+] Guan) Copyright 2020 The Associated Press. All rights reserved. A global focus of China’...
Global crypto ATMs growth shrinks by 32% in Q2
The growth rate of installed cryptocurrency ATMs has plunged in 2022 amid a general market sell-off that has impacted the value of most digital assets. Between Q1 2022 and Q2 2022, the number of new ...
BTC’s Lower Price Shrinks Bitcoin Mining Profits, Hashrate Remains Unaffected – Coinotizia
While bitcoin’s fiat value has dropped more than 70% below the all-time high recorded in November 2021, the price reduction has made it so miners are making fewer profits depending on the devices they...
BTC’s Lower Price Shrinks Bitcoin Mining Profits, Hashrate Remains Unaffected – Mining Bitcoin News
While bitcoin’s fiat value has dropped more than 70% below the all-time high recorded in November 2021, the price reduction has made it so miners are making fewer profits depending on the devices they...
Crypto Winter Freezes Terry’s “NFT Scheme,” Its Floor Prices Shrinks 92%
The ongoing crypto bear market shows no signs of slowing down, with its impact now spreading across many NFTs. The Ape Kids Football Club NFT collection are among the impacted NFTs, plunging more than...
Deflation Looms for Overstocked Retailers as Household Wealth Shrinks
Deflation Looms for Overstocked Retailers as Household Wealth Shrinks getty To the list of economic headaches plaguing consumers and retailers these days, consider an old truism: what goes up must com...