How This Bitcoin Pegged Token Could Protect Holders From Volatility
Anonymous analyst “Wezek Bruh” posted the main reasons why BadgerDAO and its native token pegged to Bitcoin, DIGG, could be a great opportunity for investors. Created as a rebase token, DIGG has the capacity to contract or expand its supply to meet a price target, as Wezek Bruh explained. The analyst believes there is value […]
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The bitcoin price volatility is still a concerning aspect of the digital currency.There are many options to avoid being exposed to the risk that such volatility entails and Forex has been one of the preferred options of many Bitcoin holders so far. The bitcoin price volatility is still a concerning aspect of the digital currency.There are many options to avoid being exposed to the risk that such volatility entails and Forex has been one of the preferred options of many Bitcoin holders so far. Many bitcoin users have been adopting the foreign currency exchange trading as a safe haven and....
Ethereum Classic’s ability to gain a somewhat sizeable market share in terms of price and network hashrate has been surprising to many in the digital currency ecosystem, but the darling of blockchain immutability may soon face an issue with new coins coming onto the market from those who may not have that particular blockchain’s best interests at heart. Over the course of the next week, two things will happen. First, roughly 4.1 million ETC will be made available for withdrawal this morning, August 30, from the so-called “White Hat DAO,” which is a child DAO created by a group of....
Tether Operations, the issuer of the world’s biggest dollar-pegged stablecoin, will launch a new token backed by the British Pound Sterling this coming July, The development follows Tether’s recent roll-out of MXNT, a crypto asset pegged to the Mexican peso. According to a corporate statement released on Thursday, the stablecoin (GBPT) would first be supported on the […]
While most cryptocurrency markets are down today in value, dollar-pegged stablecoins have seen significant demand during the last 24 hours. Currently, the entire market valuation of all the stablecoins in existence is roughly $96 billion. The Rise of Fiat-Pegged Stablecoins Crypto assets like bitcoin (BTC) and ethereum (ETH) can be volatile and this has caused demand for stablecoins in recent years. Since July 2017, the stablecoin market has swelled considerably but after April 2020, it skyrocketed. One of the main use cases for stablecoins is so people can hedge their funds when crypto....
Over the last twelve months wrapped or synthetic bitcoin projects have swelled a great deal. The digital token called wrapped bitcoin, for example, has 141,503 WBTC in circulation today, but the token called the Bitcoin BEP 2 (BTCB) has gathered some steam. Currently, there are 39,719 BTCB out in the wild today as the bitcoin-pegged token now has a larger market valuation than HBTC (27,906). Binance-Backed BTCB Token Jumps to 39.7K in Circulation On April 6, Ki Young Ju the CEO of the onchain data web portal Cryptoquant tweeted about an interesting transaction he had caught onchain.....