Author: admin
Litecoin has seen significant growth in network metrics such as transactions, active addresses, and hash rate, establishing itself as the most commonly used digital asset for payments on platforms such as BitPay. Litecoin has low transaction fees, averaging just $0.005 in 2024, making it a more viable option for everyday transactions compared to Bitcoin, where fees are over 200 times higher. Litecoin network metrics, widely known as “Silver to Bitcoin Gold,” are showing significant growth as DeFi and meme coins gain traction. Litecoin maintains a strong presence in the market due to its robust and reliable blockchain network. Litecoin initially…
Litecoin’s rally was fueled by increased whale activity and positive technical indicators. A prominent cryptocurrency analyst predicted a 40% rise in altcoin prices. The cryptocurrency market has experienced significant negative price fluctuations over the past two weeks. However, Litecoin has defied all expectations and its star is shining brighter than ever. Litecoin’s impressive performance has attracted the attention of analysts and investors. As previously reported by CNF, Litecoin emerged as the most used digital asset in July, overtaking crypto giants such as Ethereum, Tether’s USDT, and Polygon. Furthering this trend, one of the main factors behind Litecoin’s strong performance is…
Stablecoin issuer Tether has minted another 1 billion USDT tokens on the Tron network, bringing the total USDT minted last year to $33 billion. On August 20, blockchain data showed that Tether minted $1 billion of Tether (USDT) tokens on the Tron network and transferred them to treasury wallets. According to on-chain analytics platform Lookonchain, “Tether Treasury” wallets minted $33 billion in stablecoin tokens last year. Tether will mint 1 billion USDT tokens on Tron. Source: TronScanAccording to the data platform, 19 billion USDT tokens were minted on the Tron network and 14 billion tokens were created on the Ethereum…
According to a statement on August 19, Tether announced that it will expand its USDT stablecoin to Aptos, a layer 1 blockchain network.This move increases USDT’s presence across various blockchain networks including Ethereum, Tron, Avalanche, Celo, and Solana. However, the majority of Tether’s $116 billion supply is still concentrated in TRON and Ethereum, accounting for 88% of the total supply, according to DeFirama data.Why Aptos?Tether explained that by integrating USDT into the Aptos blockchain, gas fees will be so low that it will cost less than a penny. This makes transactions more cost-effective, benefiting microtransactions and large-scale enterprise operations.The stablecoin…
August 19, 2024 — Tether Operations Limited (Tether), the largest digital asset industry leader, today announced the upcoming launch of the U.S. dollar-pegged Tether token (“USD₮”) on the Aptos Network. This integration is part of Tether’s broader strategy to leverage Aptos’ advanced blockchain technology and unparalleled speed and scalability to make digital currencies more accessible and convenient around the world. Aptos is known for its blockchain infrastructure designed for unparalleled speed and scalability. Recent data reveals significant growth in the ecosystem. Average daily active users increased from 96,000 in January 2024 to 170,000 in July 2024. Additionally, a record 157…
Important points Tether’s USDT will soon be available on the Aptos Network, enhancing the blockchain’s utility. Aptos hit a peak of 157 million transactions in a single day in May 2024. Share this article Tether announced on Monday that it will launch the USDT stablecoin on the Aptos network. The move is part of Tether’s strategy to expand the accessibility and utility of digital currencies around the world.“The Tether team is excited to integrate and work with the Aptos ecosystem to strengthen our efforts to make digital currencies more accessible and functional,” said Paolo Ardoino, CEO of Tether. he said.Aptos…
We analyze the prices of the cryptocurrencies Litecoin, Solana, and Ethereum, as well as the news that influenced market fluctuations. Cryptocurrencies Litecoin, Solana, Ethereum prices and market statistics Litecoin (LTC) is currently trading at $66.29 and has a market cap of approximately $5 billion. With a trading volume of $228.9 million in the past 24 hours, Litecoin maintains a stable position in the cryptocurrency market. The circulating supply is 74.9 million LTC, which contributes to the overall valuation. Investors tend to hold LTC in their portfolios for an average of 45 days, indicating some confidence in the cryptocurrency. Despite its…
As the next crypto bull market begins, investors are ditching the losers and moving on to the next big winners. Polygon (MATIC) and Litecoin (LTC) have seen some of the biggest outflows as investors exit. Many of these investors are eyeing GambleFi’s top altcoin, Rollblock (RBLK), for its potential for 250x returns in 2024. Ethereum ETF flop accelerates Polygon’s decline Polygon was developed at a time when scaling Ethereum was expected to be a major issue, but this issue continually failed to materialize. The recent decline in activity following the Ethereum ETF crash will only accelerate Polygon’s decline. Polygon’s price…
“Ensuring a stablecoin can maintain its peg during stressful market conditions is a solvable problem,” Catalini said. In the best-case scenario, he said, reserves would consist only of “high-quality, highly liquid assets” such as U.S. Treasury bills, and providers would maintain “adequate capital buffers.” .In the two years since Celsius filed for bankruptcy, Tether has voluntarily increased the size of its USDT reserve buffer and slightly reduced the percentage of reserves made up of secured loans from 6.76% to 5.55%. . But Tether “does not operate under a framework that limits what company directors can and cannot do,” Catalini said.…
Bitcoin is once again providing a sign of relief to investors, consolidating a bull run that could take the crypto market to new highs. However, despite the market recovery, Litecoin (LTC) and Optimism (OP) continue to have bearish sentiment. Litecoin (LTC) has broken out of the small rectangle pattern, but the followthrough has yet to occur. Optimism (OP) has decreased by more than 20% in the last month. This bearish momentum of Optimism (OP) is the main reason why investors shift to new coins with limited downside. Amidst the market correction, the DTX Exchange (DTX) received a large amount of…