stablecoins

Janet Yellen Says Stablecoins can Lead to Instability

Janet Yellen says stablecoins can lead to instability; UK government to step up crypto regulation efforts; Mike Novogratz says crypto backers dispel the negative mood

BlockFi FILES FOR BANKRUPTCY

BlockFi files for bankruptcy, Aave temporarily freezes specific credit markets, and Game7 allocates $100M for Web 3.0 game companies.

179,000 BTC WITHDRAWN

Bitcoin output from exchanges rose to 179 thousand; Binance aims to allocate $1 billion for a crypto recovery fund; United Arab Emirates has terminated FTX’s license.

MOST FTX ASSETS ARE STOLEN OR LOST

Tornado Cash developer Alexey Pertsev will remain in detention; Most FTX assets are stolen or lost, a bankruptcy advisor says; India launches the digital rupee in December!

THE MONTHLY BTC WITHDRAWN BROKE A RECORD

Cardano will launch a new algorithmic stablecoin; The monthly amount of BTC withdrawn from exchanges broke a record; and FTX subsidiary Liquid will cease all operations.

EXCHANGES’ BITCOIN RESERVES MELT AWAY

FTX bankruptcy sparks crisis between US and Bahamas; Exchanges’ Bitcoin reserves melt away after the FTX crisis; US Senator Warren and Durbin demand answers from Bankman-Fried.

FTX COLLAPSE COULD ACCELERATE LAYOFFS

1inch tries to optimize gas prices with the new Router v5; FTX collapse could accelerate layoffs in the crypto industry; Exchanges stop listing FTX Token pairs.

SEC CHAIRMAN COORDINATES WITH FTX

BlockFi halts withdrawals cause of FTX crisis, Bahamas regulators freeze FTX's assets, US lawmaker claims SEC chairman coordinates with FTX.

BINANCE ABANDONED BUYING FTX

Meta laid off 11,000 people; the value withdrawn from FTX exceeded $6 billion; Binance refuses to buy FTX!

BLOODY WEDNESDAY

Binance can buy FTX, the New Proof of Reserves app from Binance, ARK Invest buys 420k more Coinbase shares.

DIGITAL YUAN TRANSACTION VOLUME EXCEEDED $14B

Samsung prefers blockchain technology, Binance destroyed $548m in BNB, digital yuan transaction volume exceeded $14 billion, and other news.

Top Altcoins to Diversify a Crypto Portfolio

The digital assets market currently consists of more than 20 thousand different tokens besides Bitcoin, according to CoinMarketCap. Thus, we have prepared a list of top altcoins for portfolio diversification so you don’t have to.