Day: June 17, 2022

The Number of Tethers in Circulation Dropped by Over 12 Billion in 2 Months, USDC Grew by 9% – Altcoins Bitcoin News

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During the last two months, the stablecoin tether has been one of the most traded crypto assets swapped against a myriad of digital currencies. 66 days ago on April 11, 2022, tether’s market valuation was over $82 billion with 82,694,361,442 tethers in circulation. Since then, more than 12 billion tethers have been removed from circulation amid the Terra blockchain implosion, the recent crypto market carnage, and rumors circulating around Celsius and Three Arrows Capital (3AC). More Than 12 Billion Tethers Leave the Crypto Economy Since April 11 According to market…

Wallet That Helped Trigger UST Implosion Linked by Analysis Firm to Terra Developer

According to Uppsala, apart from terra1gr, another Terra wallet “terra13s4gwzxxx6dyjcf5m7” (referred to as terra13s) exchanged funds recently with wallets on the Binance exchange that can be linked to Wallet A. The terra13s wallet is now one of the official wallets of the LUNC DAO, a validator of Terra’s new Terra 2.0 blockchain, Uppsala said. Source AnalysisDeveloperFirmHelpedImplosionLinkedTerraTriggerUSTWallet CryptoX Portal

XRP price technical breakdown boosts chances of a 40% drop by July

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XRP price stares at potential losses in the coming weeks as it breaks out of a “descending triangle” pattern, with its bias skewed toward the downside. Major XRP breakdown underway To recap, XRP started forming the technical structure after reaching $1.98 in April 2021, its second-highest level to date. In doing so, the token trended lower inside a range defined by a falling resistance trendline and a horizontal support trendline. On May 16, 2022, XRP broke below the triangle’s support trendline, accompanying a decent increase in trading volumes. The move confirmed…

Russia seems to be preparing to mine Bitcoin with flare gas

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The Russian government continues to establish links with major players in the cryptocurrency mining industry despite staying skeptical about legalizing cryptocurrency trading and payments. Russia’s state-owned gas giant Gazprom Neft has entered into a partnership with BitRiver, the largest crypto-mining colocation services supplier in Russia providing hosting services for major crypto mining operations. Gazprom will provide BitRiver’s partner data centers with electricity generated from the associated petroleum gas, the companies officially announced on June 16. As part of the collaboration, BitRiver will be developing a digital infrastructure based on the oil…

BITCOIN EM APUROS! Por que bitcoin caiu tanto?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Por que bitcoin caiu tanto? Por que bitcoin está caindo?? A criptomoeda já bateu a marca de 11% de queda só no dia de hoje! Qual será o motivo da queda do bitcoin? Bitcoin está derretendo. Será que ele ainda funciona como uma reserva de valor? Será que é o fim do bitcoin? Ou será apenas mais uma de suas quedas históricas que cedo ou tarde voltam a se recuperar? Nesse vídeo vamos entender por que bitcoin está caindo. Com o bitcoin…

HNT Nears 1-Week High, as XMR Rebounds on Friday – Market Updates Bitcoin News

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HNT was moving towards a one-week high on Friday, as it rebounded following losses in yesterday’s session. Prices have now risen for two of the last three days, and this comes as XMR climbed for the first time in nearly two weeks. Helium (HNT) HNT was trading higher today, as bulls re-entered the market following a red wave that hit prices during Thursday’s session. Following a low of $9.97 during yesterday’s session, HNT/USD raced to an intraday peak of $11.42 earlier in the day. The move sees HNT move back…

Three Arrows Capital weighs bailout as Kyle Davies breaks silence: Report

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Crypto-focused hedge fund and venture capital firm Three Arrows Capital is considering the sale of remaining assets and even a bailout as it grapples with the prospect of insolvency in the wake of a violent collapse in digital asset markets.  The firm, which also goes by 3AC, has hired legal and financial advisers to explore solutions for its investors and lenders, The Wall Street Journal reported Friday. Several options are on the table, including asset sales and a rescue package by another firm, co-founder Kyle Davies told the Journal. In…