USDT has surged to a market capitalization of $83.2 billion, successfully recuperating all the losses suffered since the collapse of the blockchain project Terra over a year ago.
Analysts suggest that the recent boost in risk assets, including cryptocurrencies, due to improved liquidity conditions this year is likely to reverse once the U.S. debt ceiling is lifted and the Treasury, along with the Federal Reserve, resumes their tightening measures.
Investors were eagerly anticipating the House vote on the debt limit deal, which was set to take place on Wednesday.
Five different portraits of Queen Elizabeth II have featured on British coinage since she ascended to the throne in 1952. The most recent was designed by Jody Clark, and it was the first to be created solely from photographs rather than a sitting with the queen.
The first coins of Queen Elizabeth’s reign bore Mary Gillick’s portrait of the young Queen, engraved especially for the new coins. The uncrowned portrait of the Queen is still used on the Maundy Money distributed each year by Her Majesty.
The final portrait of Her Majesty was introduced in 2015, the year that the Queen passed Victoria as our longest reigning monarch. It is, of course, that design that will continue to remind us of Her Majesty Queen Elizabeth II for years to come as her old currency continues to circulate long after her death.
We also issued a special 50‑cent Golden Jubilee circulation coin in 2002, replicating the effigy of Her Majesty Queen Elizabeth II that appeared on the 1953 Canadian Coronation Medallion. Edward VII was Her Majesty Queen Elizabeth II's great grandfather.
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Bitcoin remains stagnant, inching closer to marking its first month of decline in 2023. Meanwhile, Ether experiences a slight increase but appears poised to end May in the red as well.
The crypto debates have become progressively more polarized and politicized, exemplified by a recent CoinDesk article highlighting a contentious mining facility in New York.
The miner stands to earn up to $75 million in management fees for the Celsius mining rigs over a span of five years, making it a highly lucrative venture.
Florida's governor and the Republican Party's newest frontrunner engaged in a Twitter conversation with Elon Musk, discussing the realms of cryptocurrency and central bank digital currencies.
The recent hedging activity of market makers, who consistently take the opposite side of investors' trades, appears to have effectively maintained price stability within a narrow range.