BLOCKCHAIN

Solana whale moves $25M of USDC debt from Solend to Mango Markets

[ad_1] The Solana (SOL) whale that was subjected to the potential takeover by a recent Solend governance vote has gotten in touch with the lending protocol and moved $25 million worth of USD Coin (USDC) debt to Mango Markets. In a tweet, Solend shared that the whale has acted on the team's suggestion to move their position across various lending protocols. The act reduces the utilization of USDC within Solend, allowing its
ALTCOIN

USDC Closing in on USDT Market Dominance

[ad_1] Reading Time: 2 minutes Circle’s USDC stablecoin is closing in on the market cap of Tether’s USDT token Only $11 billion separates the two, down from $34 billion five weeks ago Tether is planning an audit to rekindle trust Circle’s USDC stablecoin is closing in on the market dominance of USDT as the latter continues to haemorrhage holders. The last five weeks have seen tens of billions of USDT
Business

Tether to launch GBPT stablecoin pegged to British pound sterling

[ad_1] Major stablecoin company Tether is expanding its stablecoin offering with a new cryptocurrency pegged to the British pound sterling (GBP).Tether officially announced on June 22 that its upcoming GBP-pegged stablecoin, GBPT, will launch in early July and will initially support the Ethereum blockchain.GBPT will be a stable digital currency pegged on the 1:1 ratio to the GBPT, aiming to provide a faster and cheaper option for asset transfers.GBPT joins
Business

Crypto influencers allegedly weaponize conspiracies to fleece QAnon followers

[ad_1] Two QAnon-affiliated conspiracy theorist influencers allegedly caused their followers millions of dollars in losses by running a cryptocurrency pump-and-dump scheme.The pair reportedly persuaded their thousands of followers to invest in a portfolio of cryptos, presenting a misleading mix of conspiratorial and genuine content along with claims about institutions backing the tokens to generate hype and raise the price of the portfolio.The allegations are included in an investigation by Logically,
Business

USDC’s ‘real volume’ flips Tether on Ethereum as total supply hits 55.9B

[ad_1] USD Coin is taking a run at the title of the top stablecoin in crypto after its daily ‘real volume’ on the Ethereum network doubled that of Tether’s USDT on Tuesday. According to crypto market data tool Messari, Circle’s USDC posted $1.1 billion in daily real volume on the Ethereum network on June 21, which was double USDT’s real volume of $579 million.Messari’s real volume metric is calculated by compiling
BLOCKCHAIN

Blockchain isn’t as decentralized as you think: Defense agency report

[ad_1] Distributed ledger technology (DLT) and blockchains including Bitcoin and Ethereum may be more vulnerable to centralization risks than initially thought, according to Trail of Bits. The security firm on Tuesday released its report titled “Are Blockchains Decentralized?”, which was commissioned by the U.S. Government’s Defense Advanced Research Projects Agency (DARPA).The report aims to investigate whether blockchains including Bitcoin and Ethereum are truly decentralized, though the report appeared to focus largely