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USD Tether / US Dollar

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Cryptocurrency USD Tether / US Dollar

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Justin Sun, founder of Tron Network (CRYPTO: TRX), announced that there is $1B in Tether (USDT) on his blockchain network. Tron's transaction rate has seen an uptick and is now averaging a rate that's more than 500% of the Ethereum Network's (CRYPTO: ETH). As of Sept. 17, Tron averaged 4.5 million daily transactions and Ethereum averaged 880,000 daily transactions.

Portfolio Pulse from Justin Roberti

September 21, 2023 | 2:12 pm

USDC stablecoin is now available on Polkadot, allowing it to be transferred to parachains in Polkadot through the XCM protocol. This comes after Circle's announcement that USDC will be available for developers and users on the NEAR Blockchain Network. Polkadot USDC is issued on Polkadot Asset Hub and can be traded, borrowed, and lent on parachains like Centrifuge, HydraDX, and Moonbeam. USDC now supports 14 blockchain networks, more than its rival USDT which supports 11 networks.

Portfolio Pulse from Khyathi Dalal

September 19, 2023 | 4:47 pm

Tether (CRYPTO: USDT) has approved $1 billion to enhance short-term USDT liquidity on the Tron network. This is an authorization, not an issuance, and the funds will be used to cater to imminent issuance demands and chain swaps within the Tron ecosystem. Tether's market value surpassed the $83 billion mark in 2023, with a minting of approximately $16 billion in USDT since the year's start. Meanwhile, the market cap of Circle's (CRYPTO: USDC) stablecoin has dropped from $50 billion to $26 billion.

Portfolio Pulse from Murtuza Merchant

September 19, 2023 | 4:12 pm

Digital currency exchange BTSE has launched the BTSE Card, which allows users to top up with cryptocurrencies and make purchases in fiat across Mastercard’s merchant network. The card can be used at any of Mastercard’s 53 million merchants worldwide, with a transaction limit of 15,000 euros. Users can also withdraw cash from any location where Mastercard is accepted, particularly in Europe. The card can be topped up with a range of cryptocurrencies like Tether, USD Coin, Bitcoin, Ethereum, and even euros directly via BTSE’s platform.

Portfolio Pulse from Murtuza Merchant

September 15, 2023 | 7:28 pm

Crypto exchange Binance is responding to the recent flooding disaster in Libya by airdropping its BNB tokens worth up to $500,000 to support affected residents. Each Binance user in Libya who has completed the Proof of Address (POA) will receive a BNB equivalent to USD $100. The fund distribution is set to commence on Sept. 13. Binance Charity has also initiated a public donation drive, accepting donations in various cryptocurrencies, including BNB, Bitcoin, Ethereum, USD Coin, Tether, and Binance USD.

Portfolio Pulse from Murtuza Merchant

September 12, 2023 | 9:27 pm

Binance Charity has pledged to distribute up to $3 million in BNB tokens to Binance users in Morocco affected by a recent earthquake. Users in the hardest-hit Marrakesh-Safi Province who had completed their Proof of Address (POA) by Sept. 9, 2023, are eligible to receive an airdrop of $100 in BNB. Those completing their POA between Sept. 9 and Sept. 30 will receive $25 in BNB. Active Binance users throughout Morocco will receive an airdrop of $10 in BNB. Binance anticipates that approximately 70,000 Moroccan users will benefit from these relief measures.

Portfolio Pulse from Murtuza Merchant

September 12, 2023 | 2:26 pm

The cryptocurrency world is facing increasing cybersecurity threats, with significant incidents involving Binance, Ethereum, and an FBI alert about Stake.com. Binance compensated users with $1 million due to a liquidity crunch with the CyberConnect token on the Upbit exchange. An Ethereum wallet holder lost $24 million in derivatives due to a phishing attack. The FBI identified North Korea's Lazarus Group as the perpetrator of a $41 million theft from Stake.com.

Portfolio Pulse from Murtuza Merchant

September 07, 2023 | 10:08 pm

Tether (CRYPTO: USDT) now holds an exposure of $72.5 billion in U.S. Treasury bills, making it one of the top 22 global buyers, surpassing countries such as the UAE, Mexico, Australia, and Spain. This announcement comes amid discussions about China's diminishing stake in U.S. T-bills and its shift towards gold. Tether's significant holdings in T-bills were expected as the company had previously disclosed its investments in these assets.

Portfolio Pulse from Murtuza Merchant

September 05, 2023 | 8:29 pm

Online casino and sportsbook Stake.com has reportedly suffered a security breach resulting in a loss of around $40 million. The breach was detected by on-chain cybersecurity firm Cyvers, which noticed unusual transactions from Stake.com’s Ethereum wallets. The affected cryptocurrencies include Ethereum (ETH), USD Coin (USDC), Tether (USDT), and DAI. Stake.com has acknowledged unauthorized transactions from their Ethereum and Binance Smart Chain hot wallets, but assures that user funds are safe.

Portfolio Pulse from Mehab Qureshi

September 05, 2023 | 5:32 am

The Drug Enforcement Administration (DEA) reportedly lost over $50,000 in cryptocurrency to a scammer. The scammer exploited the DEA's method of checking the first and last characters of account identifiers, creating a fake address that matched the DEA's test payment to the United States Marshals Service. The scammer received a single transaction of just over $55,000 before the fraud was discovered. The DEA, working with the FBI, traced the converted funds to Ethereum (CRYPTO: ETH) and tracked their transfer to a new wallet.

Portfolio Pulse from Mehab Qureshi

August 25, 2023 | 5:51 am

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