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Renowned technical analyst and founder of Bollinger Bands, John Bollinger, recently used Litecoin charts to illustrate important trading lessons for cryptocurrency enthusiasts. The financial market expert recently broke his silence on social media platform X to answer repeated questions about two of his signature concepts: the Bollinger Band Squeeze and the Head Fake. Bollinger used Litecoin’s historical charts to demonstrate that a common market pattern known as the Bollinger Band Squeeze can sometimes cause false breakouts called “head fakes.” . Bollinger Bands Squeeze and Head Fake on Litecoin Charts A widely used technical analysis tool, Bollinger Bands consist of volatility…

Tether, the world’s largest issuer of stablecoin USDT, faces increasing regulatory pressure that could significantly impact its operations and market power, according to a report by CoinDesk’s Will Canny. That’s what it means. A recent JPMorgan research report cited by CoinDesk points out that increased regulation, particularly under Europe’s Cryptocurrency Market Regulation (MiCA), is a major challenge for the company. MiCA is a comprehensive framework established by the European Union to manage the crypto asset space. It aims to create a more transparent and secure environment for both investors and the industry itself. MiCA covers a wide range of aspects,…

On sun-drenched days in 2022, the cryptocurrency entrepreneur Brock Pierce liked to take his friends sailing to the island of Vieques, about 75 miles from his home in Puerto Rico. Mr. Pierce wanted to show off a property that he described as “the most important passion in my life”: a once-glamorous beachside resort that he had recently bought for more than $15 million.In its heyday, the resort, a W Hotel, boasted a 6,000-square-foot spa, restaurants run by a Michelin-starred chef and sweeping views of the ocean; it was a key source of tourism jobs in Vieques. Then, in 2017, the…

Cover image (from U.Today) Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. Financial and market information provided on U.Today is for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Please contact a financial professional and conduct your own research before making any investment decisions. Although we believe all content is accurate as of the date of publication, certain offers mentioned may not be currently available. John Bollinger, a financial market trader and the inventor of the very famous Bollinger Bands indicator, has broken…

Once the wedge rises and completes the bearish pennant pattern for Litecoin, the bulls’ hold on trend control will weaken. The looming 7.75% risk for Litecoin warns of a bearish crack in the key 4-hour support trendline. Despite Bitcoin price’s bullish recovery in highly volatile conditions, Litecoin is struggling to sustain its uptrend. LTC price is on the verge of a bearish reversal due to lack of support from trading activity. Will Litecoin survive the sudden threat of a 7.75% correction to $58? Litecoin’s rising wedge turns the tide On the 4-hour chart, Litecoin’s recovery after last Monday’s bearish crash…

A stablecoin is a type of cryptocurrency that is designed to maintain a fixed value over time. The value of a stablecoin is usually pegged to a specific real currency, often the US dollar. In this setting, one unit of cryptocurrency typically equals one unit of real currency. Unlike highly volatile cryptocurrencies such as Bitcoin, stablecoin prices are not meant to fluctuate. However, events in the stablecoin market, such as the sharp decline in TerraUSD, have federal authorities keeping a close eye on the space. Treasury Secretary Janet Yellen cited the broader financial stability risks posed by stablecoins, while the…

Tether makes $3 million strategic investment in Chem, paving the way for financial inclusion in the Middle East August 13, 2024 — Tether Operations Limited, the largest digital asset industry leader, announced a $3 million strategic investment in the Kem app, a platform designed for money transfers and financial management. With this collaboration, Kem App will introduce USD₮ to its platform and increase its adoption in the Middle East. This marks a significant milestone in Tether’s mission to revolutionize traditional payment systems and promote financial inclusion globally. The Middle East and North Africa (MENA) boasts the sixth largest crypto economy…

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Key Takeaways Litecoin (LTC), a 2011 Bitcoin (BTC) fork, shares Bitcoin’s codebase but offers faster transactions with a 2.5-minute block time versus a 10 minute block time. Litecoin’s Scrypt algorithm allows for more accessible mining. Litecoin has fair and widespread merchant adoption, making it practical to own. Future potential in privacy and scalability innovations makes Litecoin a viable long-term option. Litecoin (LTC) was launched in October 2011 by Charlie Lee as a fork of Bitcoin, designed to be a more suitable alternative for everyday transactions. While Bitcoin is often compared to gold, Litecoin is likened to silver, offering faster block…

WIRED: This year, Tether has diversified its business model by moving into venture capital. Please tell me the basis for that.Ardoino: Thanks to rising interest rates, Tether has become very profitable over the past two years. When Tether started, you could earn 0.2% on your reserves, and now you can earn 5.5%. Of course, it may be time-limited – we’re also hearing about the possibility of rate cuts – but it’s very difficult to go back to a 0.2% scenario even with 3-4% inflation.Over the past 24 months, Tether has generated approximately $11.9 billion in profits. With this amount, they…