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Showing posts with the label stablecoins

6 Best Cheap Cryptos to Buy Now Under 1 Dollar – Beam, XRP, Ankr, WEMIX

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The TON ecosystem is expanding, driven by increased engagement in mini-games and decentralized finance (DeFi). The number of active daily wallets is approaching 1 million, while the market capitalization of stablecoins has grown to $668 million. Adoption is rising on Ethereum’s Layer 2 networks, with 14.65 million ETH now locked in various protocols. According to recent data from L2Beat, the total locked value has surged by 109.61% over the past year. Meanwhile, hedge fund manager and SkyBridge Capital founder Anthony Scaramucci predicts that Bitcoin could soon reach new all-time highs. Given these recent market trends, investors are searching for affordable tokens. Specifically, shrewd investors are searching for the best cheap crypto to buy now under 1 dollar . 6 Best Cheap Cryptos to Buy Now Under 1 Dollar Beam is progressing in blockchain gaming as ArcadiaGamesIO and BalliesUniverse have joined its ecosystem. Meanwhile, the XRP market shows signs of potential bullish momen...

Bullish crypto trader borrows $12 million to buy Ethereum this week

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A bullish cryptocurrency trader has borrowed nearly $12 million in three stablecoins to buy over 4,459 Ethereum (ETH) since August 11. These decentralized finance (DeFi) trading operations signal optimism at these prices, forecasting a surge for the leading Web3 infrastructure. DeFi traders can leverage their holdings as collateral to borrow cryptocurrencies like stablecoins and open long positions buying an asset. Essentially, this allows investors to buy Ethereum without decapitalizing, sell at higher prices, and amass profits after repaying the loan. Finbold recently reported a similar operation from the world’s fifth-richest crypto investor. In particular, Lookonchain reported one of these operations from the crypto wallet address ‘0x940df59ba33f3387deff3c2400fecf1286fcce4c’ on August 13. This trader has borrowed $6.6 million, $2.7 million, and $2.5 million in DAI, USDT, and USDC, respectively. ...

Coinbase Suspends USDT, DAI, and RAI for Users in Canada

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Cryptocurrency exchange Coinbase announced it has officially launched operations in Canada , marking an expansion of its services in the North American country. Coinbase framed the launch as an important milestone in its strategy to grow its global footprint. Also read: Coinbase is Officially Launching in Canada However, in an email to Canadian users, Coinbase also noted it will suspend trading for three popular Stablecoins — USDT , DAI, and RAI—at the end of August in Canada . The company stated that, as part of routine reviews, it determined these assets no longer met its listing standards for trading. Coinbase confirmed that users can still deposit and withdraw While trading will be halted, Coinbase clarified that users will still be able to deposit and withdraw the affected stablecoins after the change takes effect. The transition impacts a core component of crypto trading activity on Coinbase in Canada. Coinbase did not provide details on what prompted it to su...