CryptoNews

TUSD's Stability Wavers — Value Fluctuates Below $1 Peg Amid Market Turbulence and Binance's Dominant Hold – Altcoins Bitcoin News

January 17, 2024
Market insights reveal that on Jan. 15, 2024, the stablecoin TUSD deviated from its usual $1 parity, dipping to $0.979 per coin the next day. By 10:00 a.m. Eastern Time (ET) on Tuesday, it managed to recover slightly, climbing above the $0.99 mark. TUSD Faces Unsteady Ground, Drops Under $1 Recently, TUSD experienced fluctuations, slipping below its $1 benchmark on Monday. That evening, its value…
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CryptoNews

Elon Musk Still Owns 'a Bunch of Dogecoin' — Spacex Owns 'a Bunch of Bitcoin'

January 17, 2024
Tesla CEO and Spacex chief Elon Musk has revealed that he still owns “a bunch of dogecoin,” affirming his commitment to keep buying and supporting the meme cryptocurrency. Musk additionally revealed that his company Spacex still owns “a bunch of bitcoin.” Elon Musk, Tesla, and Spacex Maintain Crypto Holdings Tesla CEO Elon Musk has revealed that he still owns a bunch of meme cryptocurrency…
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Altcoins Thrive While Bitcoin Dips in a Dramatic Week of Crypto Trading

January 16, 2024
This past week in the crypto economy proved intriguing, as bitcoin’s value declined by 5.7% while ethereum enjoyed a 10.8% uptick against the U.S. dollar. Leading the pack in market gains, SUI experienced a remarkable surge, escalating over 74% in just seven days. Concurrently, the token ethereum name service (ENS) also witnessed a significant ascent, jumping 71% in the same timeframe. Seven…
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CryptoNews

Circle Completes USDC Upgrade to Version 2.2

January 16, 2024
Circle, the stablecoin company, has completed the upgrade of its USDC stablecoin to the 2.2 version. The update brings a slew of changes, including gas efficiency improvements, support for account abstraction and smart contract wallets, and enhancements in the resiliency of…
CryptoNews

IMF Chief Sees Crypto as Asset Class — Says Bitcoin Won't Dethrone US Dollar as Dominant Currency

January 16, 2024
International Monetary Fund (IMF) chief Kristalina Georgieva sees crypto as an asset class, not money. She dismissed concerns of bitcoin potentially displacing the U.S. dollar as the world’s dominant currency, citing the size of the U.S. economy and the depth and sophistication of its capital markets as key factors. IMF Chief on Crypto and US Dollar Dominance The managing director of the…
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