Silvergate Returns $9.85M Deposit To BlockFi Amid Ongoing Bankruptcy Row

Daniel Sharkey | March 8, 2023 | Leave a comment

As part of its bankruptcy proceedings, Silvergate was forced to return $9.85 million to BlockFi. According to documents on the bankruptcy proceedings, the court has asked the bank to release the funds to the now-insolvent crypto lender. Silvergate Refunds...

OKX Offers Interest-Free USDT Loans

James Dodson | January 6, 2023 | Leave a comment

OKX is the second-largest universal crypto trading platform by volume, trusted by over 20 million universal users. In addition, OKX has attracted attention for being the fast and most reliable crypto exchange app for users and traders globally. The...

Coinbase Advises Users To Swap Their USDT To USDC

Daniel Sharkey | December 10, 2022 | Leave a comment

In a recent blog post, the centralized crypto exchange, Coinbase, advised its users to switch from USDT to USDC, hailing the latter stablecoin as a “safe and trustworthy digital dollar.” Coinbase also announced a waiver of conversion fees to...

Ankr Confirms Latest Exploit, Halts Trading Of aBNBc

Daniel Sharkey | December 2, 2022 | Leave a comment

Ankr, a BNB Chain-based DeFi platform, has confirmed a recent attack by a hacker. The protocol confirmed that hackers stole assets worth millions of dollars on December 1st. PeckShield, an on-chain security platform, first discovered the attack on December...

Scam Allegation: UK Dissolves Crypto Trading Firm

Kavon Hyatt | October 31, 2022 | Leave a comment

The digital currency industry has been hit by scams and ripoffs, the latest being PGI Global UK. The country’s High Court dissolved the digital currency firm after allegedly defrauding investors of $709,000. The company promised its investors that they...

Binance Now Facilitates the Trading of Terra Classic Tokens

Kavon Hyatt | October 15, 2022 | Leave a comment

The most well-known cryptocurrency trading platform worldwide is said to be Binance. Today, the exchange released a statement. According to the report, Terra UST Classic (USTC) has been added to its list of borrowable assets. USTC will be present...

$BONE, A Shiba Inu-Themed Coin, Launches on A Three Million-User Crypto Exchange

Kavon Hyatt | September 30, 2022 | Leave a comment

Recently, a Hong Kong based bitcoin exchange made a public proclamation. Its announcement said that just one trade pair would be available for BONE. Because of this, customers can exchange BONE for the most widely used stablecoin, Tether ($USDT)....

Polkadot Users Can Now Purchase USDT

Kavon Hyatt | September 24, 2022 | Leave a comment

Tether Operations Limited (hereafter referred to as ‘Tether’) released the official statement. Tether is a company that runs the blockchain-based Tether.to network. The most valuable stablecoin, as measured by market cap, is powered by Tether. Insights About Polkadot’s Pertinence...

Bitcoin Whales Go on A Purchase Binge as BTC Values Fall?

Kavon Hyatt | September 22, 2022 | Leave a comment

Bitcoin, the most widely used cryptocurrency, has been unable to generate upward momentum. This limitation is due to several factors related to the economy, including the upcoming increase in Fed interest rates. Meanwhile, a whale tracker has uncovered a...

AAVE: What 12% Upswing Might Mean to Traders Following Harmony’s $100M Hack

James Dodson | July 5, 2022 | Leave a comment

The second-largest decentralized finance protocol globally, AAVE, endured a massive blow within the past three months. The hit saw the lending Dapp’s total value locked, plunging to $5.03 billion from $14 billion. That wasn’t all. Also, AAVE suffered during...

Tether Stablecoin Claims It Is Not Holding Any Commercial Paper From Evergrande

Kavon Hyatt | October 9, 2021 | Leave a comment

Stablecoin Tether claimed in a recent statement that it is not holding any of the commercial papers belonging to Evergrande (the second-biggest property developer in terms of sales). Previously, Evergrande issued a warning for being in danger due to...

An Insurance Firm Claims Tether (USDT) Is Completely Backed

Kavon Hyatt | April 3, 2021 | Leave a comment

The firm behind Tether (USDT), Tether Holdings Limited, has recently published a testimony, which was made by an insurance company. The testimony from the insurance company, Moore Cayman, claims that Tether tokens are fully backed by an asset, but...

ECB President Criticizes Bitcoin and Stablecoins But Praises Digital Euro

Kavon Hyatt | December 2, 2020 | Leave a comment

The President of the European Central Bank (ECB) Christine Lagarde has spoken negatively of Bitcoin the world’s first-ever decentralized digital currency and stabecoins or privately-owned cryptocurrencies while talking about risks linked with these digital assets. However, she has praised...

Binance P2P Announces the Launch Of Express Mode For VND, HKD, INR

Kavon Hyatt | November 25, 2020 | Leave a comment

Amid the current bullish cryptocurrency market, the demand from retail and institutional investors for Bitcoin and other cryptocurrencies has surged high. Looking at this rising demand, the world’s largest cryptocurrency exchange Binance’s peer-to-peer trading marketplace Binance P2P has introduced...

XRP Overtakes Tether To Become 3rd Largest Crypto As Price Surges to $0.41

Kavon Hyatt | November 21, 2020 | Leave a comment

Ripple’s native cryptocurrency XRP is no longer holding the fourth spot rather it has moved up on CoinMarketCap. As per CMC data, XRP has become the third-largest cryptocurrency in the world in terms of market capitalization by overtaking Tether...

Bitfinex Derivatives Announces the Launch of Perpetual Contracts For Chainlink, IOTA, and Uniswap

Kavon Hyatt | November 19, 2020 | Leave a comment

The Hong Kong-based cryptocurrency exchange Bitfinex has launched new perpetual swaps for three new products on its derivatives platform. The newly-launched perpetual contracts are for Chainlink (LINK), IOTA, and Uniswap (UNI). As reported by Hedge Week, these swaps are...

DeFi’s TVL Plunges Down From $12.5B to $11.5B Following the Harvest Finance Exploit

Kavon Hyatt | October 26, 2020 | Leave a comment

The decentralized finance (DeFi) hype has already been on the track to cool down over recent time and a recent hacking attack has brought more downfall for the industry. One of the rising decentralized finance yield farming protocols was...

KuCoin Has Resumed the Deposit and Withdrawal Service of BTC ETH ERC20-USDT

Kavon Hyatt | October 8, 2020 | Leave a comment

Cryptocurrency exchange KuCoin has now started gradually resuming its services after going through a major attack that occurred recently on September 26. According to an official announcement made by KuCoin, the company has reopened the withdrawal and deposit service...

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Digital Coin Digest

Tether USDT

Silvergate Returns $9.85M Deposit To BlockFi Amid Ongoing Bankruptcy Row

OKX Offers Interest-Free USDT Loans

Coinbase Advises Users To Swap Their USDT To USDC

Ankr Confirms Latest Exploit, Halts Trading Of aBNBc

Scam Allegation: UK Dissolves Crypto Trading Firm

Binance Now Facilitates the Trading of Terra Classic Tokens

$BONE, A Shiba Inu-Themed Coin, Launches on A Three Million-User Crypto Exchange

Polkadot Users Can Now Purchase USDT

Bitcoin Whales Go on A Purchase Binge as BTC Values Fall?

AAVE: What 12% Upswing Might Mean to Traders Following Harmony’s $100M Hack

Tether Stablecoin Claims It Is Not Holding Any Commercial Paper From Evergrande

An Insurance Firm Claims Tether (USDT) Is Completely Backed

ECB President Criticizes Bitcoin and Stablecoins But Praises Digital Euro

Binance P2P Announces the Launch Of Express Mode For VND, HKD, INR

XRP Overtakes Tether To Become 3rd Largest Crypto As Price Surges to $0.41

Bitfinex Derivatives Announces the Launch of Perpetual Contracts For Chainlink, IOTA, and Uniswap

DeFi’s TVL Plunges Down From $12.5B to $11.5B Following the Harvest Finance Exploit

KuCoin Has Resumed the Deposit and Withdrawal Service of BTC ETH ERC20-USDT

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