Tether (USDT) experienced a decline of up to $0.95, according to CoinMarketCap, not being able to withstand the industry's severe sales pressure on the UST incident and the downward slope of investors' stablecoin sensitivity.
Chile Suspends CBDCP Plans Until End of 2022!
Chile was scheduled to start distributing digital pesos in early 2022. However, the plan was suspended until the end of 2022, when the central bank conducted further analysis to prepare a new report by the end of the year.
Ethereum Whales Occupied!
Despite the overall losses in cryptocurrency markets, Ethereum whales are trading a large amount of ETH, indicating the highest daily activity since January 2022, according to Santiment.
Tanzania CBDC Coming Soon!
The governor said he was close to launching the central bank digital currency (CBDC), which offers Tanzanian residents a "safe alternative". When released, CBDC is expected to counter the growing interest in specially issued cryptocurrencies, according to a report.
Terra Proposes to Burn UST
Do Kwon, CEO of TerraForm Labs, said yesterday that in his proposal in addition to the UST recovery plan, the UST will focus on applications for issuing and burning parameters. As a result of the voting, the transactions will be initiated.
Bitcoin Realized Loss Hits Historic Values
According to Glassnode data, which presents chain data, the loss occurred and the cryptocurrency market is currently at the second-lowest point in its history. When an investor sells an asset at a price lower than the initial purchase level, they incur a loss, which is called the realized loss.
The Stablecoin Comment After the TerraUSD Collapse by Secretary of State Janet Yellen!
"This week we have seen with our own eyes the risks posed by TerraUSD and stablecoins. Treasury's doing everything they can on the risk report on the stablecoins. Stablecoins are not yet so risky as to jeopardise financial stability," she said.
We support the Turkish sports and our sportspeople via our sponsorships agreements with 1907 Fenerbahçe Wheelchair Basketball Team, Cem Bölükbaşı, Erden Eruç, and Turkish Automobile Sports Federation! In this very rewarding and helpful journey of ours, we will continue to enrich and strengthen the Turkish sports thanks to the new steps we take in reaching brand new sponsorship agreements.