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Four stablecoins have reduced their supplies this month, while the stablecoin token TrueUSD (TUSD) has seen its supply jump 110% higher over the last 30 days. TUSD resides natively on four different blockchains. The number of Ethereum-based TUSD rose 27%, while the number of Tron-based TUSD stablecoins increased by 218% . TUSD Supply Swells, Tron-Issued Stablecoins Rise 218% In the past month, several stablecoins experienced supply reductions, including usd coin (USDC), binance coin (BUSD), gemini dollar (GUSD), and USDD. Gemini’s GUSD led the pack with a 30.5% redemption rate over the last 30 days, while BUSD’s supply dipped by 30.1%. Additionally, the crypto community witnessed the USDC depegging event on March 11, 2023. On that day, USDC dropped to a low of $0.877 per coin and remained depegged until the U.S. Federal Reserve announced it would bail out California’s Silicon Valley Bank (SVB) and New York’s Signature Bank. TUSD market valuation on March 30, 2...

Crypto trader Ali (@ali_charts) tweeted his optimistic Analysis for Cardano (ADA) yesterday afternoon. In the tweet, Ali shared that a classic head and shoulders pattern has formed on ADA’s daily chart. The trader concluded the tweet by stating that ADA’s price could make a move to $0.60 if the bullish pattern is validated. Head and shoulders pattern on ADA’s daily chart (Source: Twitter) At press time, CoinMarketCap shows that the price of ADA printed a 24-hour loss of 0.74%. In addition to weakening against the Dollar in the last 24 hours, ADA also weakened against the two crypto market leaders, Bitcoin (BTC) and Ethereum (ETH), by 2.78% and 0.25% respectively. As a result, ADA’s price currently stands at $0.377. Daily chart for ADA/USDT (Source: TradingView) ADA’s price broke below the wedge pattern established on its daily chart on Monday, but the move’s momentum was quickly put to rest as bulls stepped in to boost ADA’s price in the hours that followed. The ...

Join Our Telegram channel to stay up to date on breaking news coverage Marco Haravan evaluates the ideal platform that utilizes train-to-earn Features Fight Out that raised close to $6 million in its token presale. The fundamental idea behind the platform is to give members comprehensive exercise plans and to encourage daily improvement. Marco Haravan Fight Out Next Level of Fitness Fight Out is a fitness app and gym chain that brings a competitive element to a healthy lifestyle. Users who successfully complete workouts and challenges, as well as those who contribute to the expansion of the community, are rewarded. The current presale intends to raise money in order to fund a project that intends to build a fitness app with Web3 Features , in addition to building physical gym locations with train-to-earn progress tracking in mind. 📣 $5.9M RAISED 📣 Our presale is ending on Friday, March 31st! This is your last chance to grab $FGHT with up to a 67%...

Less than a day back, FTX founder Sam Bankman-Fried was charged for bribing a Chinese official. In a new indictment, the U.S. Department of Justice alleged that he paid $40 million as a bribe. In fact, the indictment claimed that accounts belonging to Alameda Research were the target of a freezing order from Chinese police “in or around” November last year. Retrospectively, the bribe was paid to unfreeze the accounts. The latest development only adds to the piling charges against the FTX founder. According to Bloomberg News’ Annabelle Droulers, “He’s now facing 13 criminal counts and faces more than a century behind bars if convicted.” Sam Bankman-Fried already was facing more than a century behind bars if convicted of all the charges outlined against him. The addition of a charge that he bribed Chinese officials once again raises the stakes. More here: https://t.co/dtj8KddWcR pic.twitter.com/b4RPPApMha — Bloomberg Crypto (@crypto) March 29, 2023 Also Read: FTX ’s Gary...

Unification’s operator Ringoshi Toitsu tweeted that Unification has created a groundbreaking technology called the ‘Shibarium POS Chain’, designed specifically for $SHIB, which is detailed in the Shibarium documentation. #Unification has built a revolutionary new 'Shibarium POS Chain' exclusively for $SHIB, as described in #Shibarium documentation. This game-changing innovation offers a seamless wallet app, two-way asset transfers between L1 & L2, staking/delegating, & #Shibaswap integration. pic.twitter.com/yUhdHgucJW — Ringoshi Tōitsu (@RingoshiToitsu) March 26, 2023 The tweet highlighted that this revolutionary advancement provides a smooth wallet application, enables asset transfers in both directions between L1 and L2, allows for staking and delegation, and seamlessly integrates with Shibaswap. This game-changing innovation offers a seamless wallet app, two-way asset transfers between L1 & L2, staking/delegating, & #Shiba...

Join Our Telegram channel to stay up to date on breaking news coverage Fujitsu, one of the biggest tech giants in Japan, has recently revealed its intention to get into crypto trading and potentially even offer crypto brokerage services. The revelation came from the trademark application that the company recently filed with the US Patent and Trademark Office. Apart from offering brokerage services for digital assets, Fujitsu apparently intends to offer other financial facilities, some of which involve cryptocurrencies, while others might not. The company filed its trademark application with the intention to register a new mark consisting of the stylized word FUJITSU, which also Features a sideways S-shaped swirl placed above the letters J and I. Fujitsu's trademark application for cryptocurrency brokerage services is a positive sign for the cryptocurrency industry, as it demonstrates that more traditional companies are recognizing the potential of cryptocurrencies and ...

Bitcoin started the week trading around the $28,000 mark, as markets reacted to the news that Silicon Valley Bank was to be acquired. First Citizen Bank agreed to buy approximately $72 billion in SVB assets, at a discounted rate of $16.5 billion. Ethereum continued to trade under $1,800 on Monday. Bitcoin Bitcoin (BTC) started the week trading marginally higher, with prices hovering near the $28,000 level. Following a bottom at $27,678.15 on Sunday, BTC/USD moved to a high of $28,178.14 earlier in today’s session. The move saw bitcoin edge towards a recent resistance point at the $28,300 mark, which was last hit on Friday. Bitcoin chart by TradingView Overall, BTC has mostly consolidated on Monday, which comes as the 14-day relative strength index (RSI) collided with a ceiling at the 65.00 zone. As of writing, the index is tracking at the 64.51 level, with the next visible point of support at the 62.00 mark. Should bulls take price strength below this point, there is...

Join Our Telegram channel to stay up to date on breaking news coverage Deutsche WertpapierService Bank (dwpbank) is set to launch a new platform that will enable its 1,200 affiliate banks to trade Bitcoin. The securities processor aims to offer its affiliates a seamless integration with their current offerings, with plans to add more digital assets to the platform. Dwpbank to Launch Bitcoin Service for Retail Customers through New Platform wpNex Dwpbank, a German bank that provides securities processing to around 1,200 banks, is launching a new platform called wpNex. This platform will offer Bitcoin (BTC) to retail customers of its affiliates in the second half of 2023. The new service will allow customers to manage their crypto and other accounts and will not require additional Know Your Customer procedures. Great news for #BTC adoption and access in Germany To offer this service, DwpBank will partner with wallet-as-a-service provider Tangany and Bankhaus Scheich’s Tr...

Join Our Telegram channel to stay up to date on breaking news coverage After announcing plans to unveil a Central Bank Digital Currency (CBDC) in February, the central bank of the United Arab Emirates (UAE) recently unveiled a new strategy that would provide the infrastructure and technology for the development of the “digital dirham.” The Central Bank of the United Arab Emirates expects to complete the first phase of its CBDC, or Digital Dirham, by mid-2024 as part of a comprehensive strategy. By @amitojhttps://t.co/ss7G1Woh7K — CoinDesk (@CoinDesk) March 24, 2023 According to a press statemen t from the central bank released on March 23, one of the nine important initiatives in the nation’s Financial Infrastructure Transformation (FIT) Program is the deployment of a digital version of the dirham under the “The Digital Dirham” concept. CBUAE also revealed an engagement with G42 Cloud , a cloud services platform from the region, and New ...

According to Montenegro’s interior minister Filip Adzic, Terraform Labs co-founder Do Kwon was apprehended at Podgorica airport allegedly bearing falsified documentation. Adzic added that investigators are “waiting for official confirmation of his identity” after Montenegrin police detained the accused suspect. Terra Co-Founder Reportedly Arrested in Montenegro at Podgorica Airport With False Documents Terraform Labs co-founder Do Kwon has reportedly been arrested in Montenegro, according to the country’s interior minister Filip Adzic. The Montenegrin official shared two tweets on Thursday just before 9 a.m. Eastern Time. “In Podgorica, one of the most wanted world fugitives was arrested,” Adzic stated. “Montenegrin police have detained a person suspected of being one of the most wanted fugitives, South Korean citizen Do Kwon, co-founder and CEO of Terraform Labs based in Singapore,” the interior minister added. Do Kwon, who was recently sued by the U.S. Securities and Exchange Com...

Bloomberg Intelligence senior commodity strategist Mike McGlone has explained that a super cycle may be happening in bitcoin, noting that the cryptocurrency is beating gold by almost 10 times so far this year. The strategist added that if past trends hold, bitcoin’s volatility is more likely to recover compared to commodities when the crypto “heads toward new highs.” Bitcoin’s Supercycle Mike McGlone, a senior commodity strategist for Bloomberg Intelligence (BI), the research arm of Bloomberg, explained on Twitter Tuesday that a super cycle may be happening in bitcoin. He tweeted: Looking for a super cycle ? Bitcoin outperforms commodities with declining risk — Bitcoin beating gold, the top-performing old-guard commodity in 2023 to March 20, by almost 10x may be indicative of a super cycle happening in the crypto. Chart showing bitcoin’s upward trajectory shared by Mike McGlone. Source: Bloomberg Intelligence The strategist explained th...

Cointelegraph analyst and writer Marcel Pechman explains how the Credit Suisse bank crisis will impact the crypto market. The show Macro Markets, hosted by Marcel Pechman, which airs every Friday at 12 pm ET on the Cointelegraph Markets & Research YouTube channel, explains complex concepts in layman’s terms and focuses on the cause and effect of traditional financial events on day-to-day crypto activity. In today’s episode, crypto analyst Pechman discusses how to analyze banks — importantly, how to avoid the erroneous market capitalization indicator, which had a $15.8-billion value for the defunct Silicon Valley Bank (SVB). The enterprise value (EV) metric provides a much better picture of a bank’s balance sheet terms by subtracting net debt from market cap. Of course, Pechman first explains the relationship between Banking valuation and crypto currencies, specifically Bitcoin’s (BTC) ethos. The video explores the 2018 denial of The Narrow Bank’s application, a bank that would...

The vulnerability has since been patched, although it affected a number of leading transaction simulation vendors. According to a blog post published by developers of crypto wallet ZenGo, the firm said it had uncovered security vulnerabilities in, transaction simulation solutions used by popular decentralized applications, or dApps. Dubbed the "red pill attack ," this vulnerability allowed malicious dApps to steal user assets based on opaque transaction approvals offered to and approved by users. The vulnerability derives its name from the iconic "red pill" scene from The Matrix movie series.  "If malware is able to detect its actually being executed in a simulated environment or living in the matrix, it can behave in a benign manner, thus deceiving the anti-malware solution, and reveal its true malicious nature only when actually executed in a real environment." ZenGo claimed its research revealed that many leading vendors, including Coinbase Wallet,...

Join Our Telegram channel to stay up to date on breaking news coverage General Bytes, a well-known Bitcoin ATM maker, recently announced that it was forced to shut down its cloud service upon discovering a major security vulnerability. According to the firm, the flaw allowed an unknown hacker to use the terminals to access accounts belonging to other users and breach their hot wallets after gaining sensitive information, such as passwords and private keys. On March 17-18th, 2023, GENERAL BYTES experienced a security incident. We released a statement urging customers to take immediate action to protect their personal information. We urge all our customers to take immediate action to protect their funds and https://t.co/fajc61lcwR… https://t.co/g5FGqvqZQ7 — GENERAL BYTES (@generalbytes) March 18, 2023 What happened? The Prague-based firm is one of the highly popular ATM manufacturers, and its website says that it has sold more than 15,000 Bitcoin ATMs, which...

Join Our Telegram channel to stay up to date on breaking news coverage The Neo price prediction could spike a significant surge as the price breaks above the resistance level of $13.0. Neo Price Statistics Data: Neo price now – $12.85 Neo market cap – $913.8 million Neo circulating supply – 70.5 million Neo total supply – 100 million Neo Coinmarketcap ranking – #57 NEO/USD Market Key Levels: Resistance levels: $16.0, $17.0, $18.0 Support levels: $9.5, $8.5, $7.5 NEOUSD – Daily Chart NEO/USD is seen refreshing to a new high as the coin breaches above $13.0 while currently trading at $12.85 with a bullish crossover above the 9-day and 21-day moving averages. The bulls are dominating the market, hovering above the 9-day and 21-day moving averages. Neo Price Prediction: Neo (NEO) May Trigger Fresh Rally Looking at the daily chart, the Neo price can only increase the bullish movement if the $11.5 support is maintained at all costs. C...