Financial News

Cryptoverse: Tether tightens grip on wobbling world of stablecoins

(marketscreener.com) The world of stablecoins is suddenly looking shaky. https://www.marketscreener.com/news/latest/Cryptoverse-Tether-tightens-grip-on-wobbling-world-of-stablecoins--43037428/?utm_medium=RSS&utm_content=20230221

While Ethereum could reach the $10,000 price level, for now, it is just slowly reclaiming its previous price and is currently at the $1,700 level.

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While China has cracked down on cryptocurrencies in the mainland, it's apparently taking a softer approach to Hong Kong's crypto hub aspirations.

Cryptocurrency exchange Huobi Global is seeking to relocate its Asia headquarters from Singapore to Hong Kong.

An Australian developer that forked the Bitcoin Ordinals protocol to Litecoin and minted the first ever Ordinal on the blockchain said he was motivated to create the fork because of a monetary bounty posted on Twitter.

Institutional investors are feeling the heat as the SEC targets all aspects of the crypto industry in the United States.

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The world of Web3 has had a difficult 18 months, having to overcome a series of publicized scandals as well as pushing through one of the worst bear markets in recent history.

"There are two reasons why the dollar's bounce is getting stuck," he added, noting that European and U.S. growth forecasts are converging and the difference in relative rate expectations is narrowing.

Bitcoin and Ether rose in a mixed morning for the top 10 non-stablecoin cryptocurrencies. Solana posted the biggest gains while Polygon’s Matic led losses...