Cryptocurrency Analysis and News Portal
The daily trading volume for BUSD on Coinbase was only about $9 million in the last two months, while the market depth within 2% of the market price was just $600,000, according to data from Kaiko, making the stablecoin’s price vulnerable to wobbles. Market depth represents the open buy and
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The exchange added support for Ethereum in April last year, stating that “Ethereum gives users a different chance to claim their stake in the crypto world.”Global peer-to-peer trading platform Paxful has announced that it will delist Ethereum from its platform. A newsletter sent to the platform’s 11.6 million users reveals
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Algorithmic stablecoins have had a rough year, starting with UST de-pegging to zero and the subsequent blow-up of Terra’s LUNA token which was used for the asset’s backing. Algorithmic stablecoins are not fully collateralized and rely on different mechanisms to maintain the peg, making them inherently fragile to market conditions. The
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The Wemix token is trading 90% lower than this time last month after it was delisted by several exchanges. Source
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Tron founder Justin Sun has taken up a senior role at Huobi in recent weeks and one of the immediate changes he is making is shifting volume to his own stablecoin, USDD. Whilst Huobi didn't issue HUSD, it was active in marketing the token since its launch in 2018. Source
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Multiple trading pairs of the Helium Foundation’s token will soon
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Major Indian cryptocurrency exchange WazirX has opted to delist the USD Coin (USDC) from its platform and convert the remaining balances into Binance-backed Binance USD (BUSD) stablecoin.WazirX officially announced on Monday that it has stopped deposits of USDC alongside other stablecoins like Pax Dollar (USDP) and TrueUSD (TUSD).According to the
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A senior executive at the exchange told CryptoX that “cryptocurrencies are no different from the products that go on the shelves at groceries or department stores,” he said, saying that clients have choices. “Not everyone shops to eat peas and carrots, the demand for desserts also exists.” Source
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Voyager Digital (VOYG) shares have been suspended from trading in Toronto while the exchange commences an expedited review as to whether the stock continues to meet the necessary requirements for listing. Shares have also been halted from trade on OTC Markets in the U.S. Source
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Five South Korean cryptocurrency exchanges recently said they will delist litecoin because the crypto asset’s Mimblewimble Extension Blocks (MWEB) upgrade violates the country’s laws. As a result, the exchanges’ users cannot use the Korean won to trade the crypto asset, which has since been named a “dark coin.” Upgrade Violates Specific
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