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Volt Inu Partners With OKX To Enable OKX Wallet Web Extension Users To Access Voltichange

30 Mar 2023

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%.

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.

On the same day that USDC dropped below the peg, an archive.org snapshot shows that the number of TUSD in circulation was around 1.32 billion tokens. According to the stablecoin’s website, the current number of TUSD in circulation is 2.02 billion, meaning that over the last 18 days, the TUSD supply has jumped 53% higher. On Feb. 24, 2023, the number of TUSD in circulation was only 972 million, and a significant number of TUSD tokens have since been minted on the Tron network. The number of Ethereum-based TUSD rose from 558.28 million to the current 711.71 million over the last 33 days.

Statistics show that during the same period, the number of Tron-issued TUSD rose from 409.64 million to 1.30 billion, a rise of more than 218%. Approximately 72,055 Avalanche-based TUSD coins were redeemed since Feb. 24, and the number of Binance Chain TUSDs decreased significantly. An archive.org snapshot indicates that there was a total of 911,869 Binance Chain-issued TUSDs, and today, the number is 84.04% lower at 145,516 TUSDs on that specific chain.

What do you think about TUSD’s supply swelling by 110% over the last 30 days? Share your thoughts on this subject in the comments section below.

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Tony Hawk's Latest NFTs to Come With Signed Physical Skateboards

Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.

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%.

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.

On the same day that USDC dropped below the peg, an archive.org snapshot shows that the number of TUSD in circulation was around 1.32 billion tokens. According to the stablecoin’s website, the current number of TUSD in circulation is 2.02 billion, meaning that over the last 18 days, the TUSD supply has jumped 53% higher. On Feb. 24, 2023, the number of TUSD in circulation was only 972 million, and a significant number of TUSD tokens have since been minted on the Tron network. The number of Ethereum-based TUSD rose from 558.28 million to the current 711.71 million over the last 33 days.

Statistics show that during the same period, the number of Tron-issued TUSD rose from 409.64 million to 1.30 billion, a rise of more than 218%. Approximately 72,055 Avalanche-based TUSD coins were redeemed since Feb. 24, and the number of Binance Chain TUSDs decreased significantly. An archive.org snapshot indicates that there was a total of 911,869 Binance Chain-issued TUSDs, and today, the number is 84.04% lower at 145,516 TUSDs on that specific chain.

What do you think about TUSD’s supply swelling by 110% over the last 30 days? Share your thoughts on this subject in the comments section below.

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Tony Hawk's Latest NFTs to Come With Signed Physical Skateboards

Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.

Monero climbed for a third consecutive session on Thursday, as the token moved marginally closer to a six-week high. This rise in price comes despite the fact that the global market cap mostly consolidated, and is trading just 0.50% higher as of writing. As for LINK, chainlink bulls have so far failed to break out of a key resistance point.

Monero (XMR) was one of Thursday’s notable gainers, with prices climbing for a third consecutive session.

XMR/USD rose to a high of $163.19 earlier in today’s session, which comes a day after the token fell to a low of $155.83.

As a result of the move, XMR moved towards last Sunday’s high at $166.07, which was its strongest point since February 20.

Looking at the chart, today’s move came as monero surged above a recent resistance level at $160.00.

Overall, the surge came as the 14-day relative strength index (RSI) collided with its own ceiling at the 55.00 mark.

At the time of writing, the index is tracking at 54.86, which is its highest reading this week.

On the other hand, chainlink (LINK) was mostly lower on Thursday, as the token failed to move above a key price point.

LINK/USD slipped to a low at $7.25 in today’s session — this comes after prices hit an earlier peak of $7.53.

Today’s high saw chainlink move towards its ceiling at $7.55, however bulls were unable to secure a breakout.

From the chart, it appears that the failure to move beyond $7.55 coincided with the RSI falling at a resistance of its own.

As of writing, the index is tracking at 53.16, which is below the aforementioned ceiling at 55.00.

Overall, LINK is now trading at $7.32, with sentiment in today’s session now mostly bearish.

Register your email here to get weekly price analysis updates sent to your inbox:

Tags in this story
Analysis, Chainlink, LiNK, Monero, xmr

Do you expect chainlink to move higher in the coming days? Let us know your thoughts in the comments.

Eliman was previously a director of a London-based brokerage, whilst also an online trading educator. Currently, he commentates on various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament

A bill updating Russia’s tax law to incorporate provisions pertaining to cryptocurrencies has been filed with the State Duma, the lower house of parliament. The legislation is tailored to regulate the taxation of sales and profits in the country’s market ... read more.

Monero climbed for a third consecutive session on Thursday, as the token moved marginally closer to a six-week high. This rise in price comes despite the fact that the global market cap mostly consolidated, and is trading just 0.50% higher as of writing. As for LINK, chainlink bulls have so far failed to break out of a key resistance point.

Monero (XMR) was one of Thursday’s notable gainers, with prices climbing for a third consecutive session.

XMR/USD rose to a high of $163.19 earlier in today’s session, which comes a day after the token fell to a low of $155.83.

As a result of the move, XMR moved towards last Sunday’s high at $166.07, which was its strongest point since February 20.

Looking at the chart, today’s move came as monero surged above a recent resistance level at $160.00.

Overall, the surge came as the 14-day relative strength index (RSI) collided with its own ceiling at the 55.00 mark.

At the time of writing, the index is tracking at 54.86, which is its highest reading this week.

On the other hand, chainlink (LINK) was mostly lower on Thursday, as the token failed to move above a key price point.

LINK/USD slipped to a low at $7.25 in today’s session — this comes after prices hit an earlier peak of $7.53.

Today’s high saw chainlink move towards its ceiling at $7.55, however bulls were unable to secure a breakout.

From the chart, it appears that the failure to move beyond $7.55 coincided with the RSI falling at a resistance of its own.

As of writing, the index is tracking at 53.16, which is below the aforementioned ceiling at 55.00.

Overall, LINK is now trading at $7.32, with sentiment in today’s session now mostly bearish.

Register your email here to get weekly price analysis updates sent to your inbox:

Tags in this story
Analysis, Chainlink, LiNK, Monero, xmr

Do you expect chainlink to move higher in the coming days? Let us know your thoughts in the comments.

Eliman was previously a director of a London-based brokerage, whilst also an online trading educator. Currently, he commentates on various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament

A bill updating Russia’s tax law to incorporate provisions pertaining to cryptocurrencies has been filed with the State Duma, the lower house of parliament. The legislation is tailored to regulate the taxation of sales and profits in the country’s market ... read more.

PRESS RELEASE. Tallinn, Estonia – Gofaizen & Sherle, a leading fintech and crypto consultancy firm based in Estonia, has recently launched its first crypto product for the United Arab Emirates (UAE). The product is designed to assist businesses and startup owners in obtaining crypto licenses in two key zones in UAE – the DMCC free zone and IFZA free zone, both located in Dubai.

The licensing procedure takes up to 12 weeks and includes collecting all the necessary documents, registration, and opening a corporate account. Gofaizen & Sherle’s product offers a clear and simple way to obtain a crypto license for any project.

According to industry experts, the UAE is quickly becoming one of the most attractive jurisdictions for crypto projects. With its fast-paced development and business-friendly regulations and tax regimes. We believe that the crypto industry has the power to transform the economy and create new value for a more effective and secure business environment,” says Mark Gofaizen, senior partner, Gofaizen & Sherle. “That’s why we’re thrilled to launch our latest product in the UAE, as part of our global strategy to help businesses grow and thrive around the world.”

Gofaizen & Sherle can assist in obtaining a license in two key jurisdictions. The DMCC free zone is the prestigious and reputable free zone in the UAE, offering a higher company status and better chances for account opening. The licensing procedure requires confirmation of the director’s experience in the crypto currency/financial sphere, and the license obtainment deadline is 3-4 weeks. The minimal share capital requirement of 50,000 AED (€12,750) must be submitted to the corporate account within six months after registration.

The IFZA free zone is a cheaper and faster way to obtain the license, with no need to deposit share capital or prove previous experience in crypto and finance.

The product offers different types of licenses, including buying or selling crypto commodities, providing services based on blockchain as a technology, creating a metaverse service provider, or an NFT marketplace.

About Gofaizen & Sherle

Gofaizen & Sherle is a leading legal & business consultancy for digital assets-oriented businesses, investment funds and financial organizations focused on EU markets while expanding globally. Its headquarter is located in Tallinn with representative offices in Lithuania, the Czech Republic, and Poland. The firm services scope features company registration, business strategy development, and financial licensing including crypto businesses, EMI, and other types of licenses.

 

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days

Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized ... read more.

PRESS RELEASE. Tallinn, Estonia – Gofaizen & Sherle, a leading fintech and crypto consultancy firm based in Estonia, has recently launched its first crypto product for the United Arab Emirates (UAE). The product is designed to assist businesses and startup owners in obtaining crypto licenses in two key zones in UAE – the DMCC free zone and IFZA free zone, both located in Dubai.

The licensing procedure takes up to 12 weeks and includes collecting all the necessary documents, registration, and opening a corporate account. Gofaizen & Sherle’s product offers a clear and simple way to obtain a crypto license for any project.

According to industry experts, the UAE is quickly becoming one of the most attractive jurisdictions for crypto projects. With its fast-paced development and business-friendly regulations and tax regimes. We believe that the crypto industry has the power to transform the economy and create new value for a more effective and secure business environment,” says Mark Gofaizen, senior partner, Gofaizen & Sherle. “That’s why we’re thrilled to launch our latest product in the UAE, as part of our global strategy to help businesses grow and thrive around the world.”

Gofaizen & Sherle can assist in obtaining a license in two key jurisdictions. The DMCC free zone is the prestigious and reputable free zone in the UAE, offering a higher company status and better chances for account opening. The licensing procedure requires confirmation of the director’s experience in the crypto currency/financial sphere, and the license obtainment deadline is 3-4 weeks. The minimal share capital requirement of 50,000 AED (€12,750) must be submitted to the corporate account within six months after registration.

The IFZA free zone is a cheaper and faster way to obtain the license, with no need to deposit share capital or prove previous experience in crypto and finance.

The product offers different types of licenses, including buying or selling crypto commodities, providing services based on blockchain as a technology, creating a metaverse service provider, or an NFT marketplace.

About Gofaizen & Sherle

Gofaizen & Sherle is a leading legal & business consultancy for digital assets-oriented businesses, investment funds and financial organizations focused on EU markets while expanding globally. Its headquarter is located in Tallinn with representative offices in Lithuania, the Czech Republic, and Poland. The firm services scope features company registration, business strategy development, and financial licensing including crypto businesses, EMI, and other types of licenses.

 

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days

Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized ... read more.

PRESS RELEASE. Volt Inu, the innovative crypto project and leading decentralized exchange (DEX) platform, announced a significant partnership with OKX, one of the top exchanges in the crypto industry, on March 27, 2023. Volt Inu’s Twitter announcement revealed that the two companies would be teaming up to leverage their respective Web3 capabilities.

As part of their collaboration, Volt Inu and OKX announced their first step – integrating Voltichange using the OKX Wallet Extension. This integration is a significant development for both platforms, allowing for cross-platform compatibility and seamless trading.

Connect to Voltichange Easily through the OKX Wallet Web Extension

Until recently, VOLT’s community has eagerly awaited Voltichange’s release. Today, this community is also witnessing more and more successes of this project, one of these successes being the new collaboration with OKX announced on the Volt Iau Twitter page. OKX is one of the most popular crypto exchanges, which has gained increasing traction in recent months.

OKX Wallet and Voltichange have collaborated to provide users with a simple and efficient way of accessing decentralized exchange services.

With this partnership, Volt Inu and OKX are working together to push the boundaries of what’s possible in the crypto space. By combining their expertise and resources, they’re creating new user opportunities and paving the way for a more connected and accessible decentralized finance (DeFi) ecosystem. This partnership is an exciting development for crypto enthusiasts and traders, as it opens up new avenues for investment and trading.

To access Voltichange utilizing OKX Wallet Web Extension, users need to follow these simple steps:

This partnership inspires the Volt Inu community since their cryptocurrency, VOLT, has not yet been launched on the OKX Exchange. This partnership will help build confidence in the project as they see tangible results in a shorter period.

What’s Voltichange?

To understand why it has gained so much traction and Voltichange, let’s see what it is. Voltichange is a Decentralized Exchange (DEX) part of the Volt Inu ecosystem. The platform aims to provide crypto enthusiasts with a streamlined and user-friendly experience, allowing for automated, accessible, and permissionless listings for all existing and future crypto projects.

One of the primary features of Voltichange is its multichain support. The platform allows cross-chain trading, meaning users can swap tokens between blockchains without intermediaries. This feature increases the platform’s liquidity and allows users to trade more cryptocurrencies.

Another standout feature of Voltichange is its low trading fee. The platform charges a minimal 0.5% trading fee, which is significantly lower than the fees charged by many centralized exchanges. Moreover, this fee makes every cryptocurrency traded on the exchange deflationary. This deflationary mechanism helps to increase the value of the VOLT token, the native currency of the Volt Inu ecosystem.

To use Voltichange, users must connect their crypto wallets to the platform. The exchange currently supports a range of wallets, including WalletConnect, Coinbase Wallet, and, of course, OKX Wallet. Once connected, users can start trading immediately and use the platform’s automated and permissionless listings.

Discovering Volt Inu

Volt Inu is a crypto project that’s changing the game in the world of decentralized finance (DeFi). It’s a one-stop shop that offers a unique approach to supporting deflationary tokens, which has gained significant popularity since its launch in December 2021. With Volt Inu, crypto projects can list for free and without permission, and the platform helps make them deflationary by burning their supply.

The VOLT token is the primary currency used on the platform.

Volt Inu has also progressed in the NFT field by introducing a 3D NFT collection called VDSC. Additionally, there are two crypto-based games available: Volted Racer and VoltIsland. Volted Racer is a Play-to-Earn (P2E) game that integrates NFTs and offers both free and paid game modes. VoltIsland is a Battle Royale game that uses VDSC NFTs and is set to launch in Q3 2023.

Stay in Touch with Volt Inu Team

For more information on the Volt Inu ecosystem, head over to the official website. You can also stay informed about Volt Inu’s latest updates and growth by following them on various social media channels, including Telegram, Twitter, Facebook, Reddit, YouTube, Medium, TikTok, and Instagram.

 

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Today's Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits

As the crypto economy hovers just under $2 trillion in value, application-specific integrated circuit (ASIC) mining devices are making decent profits. While ASIC miners can still mine ethereum, a 1.5 gigahash (GH/s) Ethash mining device can rake in $51.58 per ... read more.

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