The crypto market has been in a phase of high volatility in the last couple of days. The 75 pip interest rate increase by the FRS has had a positive impact on many cryptocurrencies.
CoinShark journalists have prepared an overview of the latest news regarding altcoins and stablecoins. In it you can read about:
- transfer of the Cardano Vasil hard fork;
- the success of Polygon, Ethereum Classic, Dogecoin;
- Tether's decision to get rid of commercial paper.
Polygon, the company behind the Etherium layer 2 scaling solution, said in a report that the number of applications on its network has exceeded 19K, up from 7K in January. - 153 thousand
Tether is getting rid of commercial paper
In a July 27 report, the company behind Tether said it plans to get rid of all commercial paper in its portfolio by October 2022. Currently, their volume for the year has decreased from $30 billion to $3.7 billion. By the end of August, most of the shares will be sold so that the balance does not exceed $200 million. Tether also denies that there are shares of Chinese companies among the securities.
Cardano Vasil hard fork rescheduled
The development of Cardano Vasil continues. The fork activation deadline has been postponed for a few more weeks. This was announced by the technical manager of Input Output Global (IOG). Developers carefully test everything to identify all possible problems at the preparatory stage.
ETC went up
Ethereum Classic has risen in price by 60% and again entered the TOP-20. It is currently ranked #19 according to CoinMarketCap.
DOGE usage is on the rise
Dogecoin price for 2 months decreased by 15%, but the number of daily new addresses increased by 265%. Now it is 38,430 DOGE wallets.
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