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Fidelity Investments, a financial giant with over $13 trillion in assets, announced that it has added Litecoin to its digital asset offering. This is a significant milestone for both Fidelity Investments and Litecoin as it is the third token to be made available through Fidelity Crypto after Bitcoin and Ethereum. Litecoin (LTC) joins crypto behemoths Bitcoin and Ethereum as the only cryptocurrencies currently available through Fidelity Crypto. In a recent development, financial giant Fidelity Investments, which boasts over $12 trillion in assets under management, announced the inclusion of a token often referred to as “silver to Bitcoin gold” in its…

Google wasn’t the first successful search engine. Facebook wasn’t the first runaway social network, either. Tether and Circle’s USDC may be considered first-generation stablecoins. Could a new wave of stablecoins take them over? Tether reported first-quarter profits of $4.52 billion, a huge success for a small team. The question is whether it is sustainable. Luca Prosperi, CEO of M^0 Labs, believes he has the formula for the next generation of stablecoins. He makes grand claims like the M^0 protocol becoming a central bank stablecoin. Big visions are not uncommon in the crypto world, but there are hints that this may…

Yesterday, Litecoin (LTC) closed above a descending wedge pattern, indicating a surge in buying pressure. The altcoin had been trading in this pattern since March 31st. Although this was a bullish milestone for altcoins, traders who took advantage of the rally by selling their holdings suffered heavy losses. Litecoin holders realize investment loss An asset trades within a descending wedge pattern when its price moves between two downward trend lines. The upper trend line acts as a resistance level and the lower trend line acts as a support level. Litecoin started trending within this pattern on March 31st and has…

Cryptocurrency company Tether has frozen more than 29 million of its stablecoins allegedly linked to a huge Cambodian online marketplace servicing the so-called pig butchering scam. Researchers at Elliptic last week pulled back the curtain on the Huione Guarantee, documenting how online marketplaces have become an important ecosystem for cybercriminal activity in Southeast Asia. Thousands of instant messaging channel sellers sell money laundering services, deepfake technology, stolen data, and even equipment like shackles to hold trafficked workers, and acts as guarantor for all transactions. Over a three-year period, researchers tracked $11 billion in transactions on platforms believed to be involved…

On-chain data shows that Litecoin whales have been active recently as the network processed many large movements. Litecoin’s large trading volume recently reached $2.85 billion According to data from market intelligence platform IntoTheBlock, the Litecoin network has recently witnessed high activity by whale entities. A relevant on-chain metric here is “Large Transaction Volume,” which tracks the total amount of LTC moved on the blockchain by transactions of $100,000 or more. Since only whales can move such large amounts in a single transfer, this amount can be considered to represent the activity of these large investors. A high value for this…

Tether Provides Update on Community Prioritization for Blockchain Support in Strategic Transformation At Tether, we remain focused on fostering a robust and innovative blockchain ecosystem for USD₮ and all other tokens we issue. Through this effort, we continually evaluate our transport layer to ensure a balance between maintainability and utilization while prioritizing the interests of the community. Community input is extremely important in the decision-making process for introducing Tether tokens on a particular blockchain. When deciding whether to support blockchain, evaluate network security, customer support, compliance with regulatory requirements, and regulatory oversight to ensure user safety, ease of use, and…

Litecoin (LTC) has seen a significant increase in coin flow from large holders to exchanges over the last week. This is due to the steady decline in the value of the coin and the desire of large holders to prevent further losses. As of this writing, LTC is trading at $65.73, down almost 15% over the past seven days. Litecoin whales sell their holdings Litecoin (LTC) has continued to fall in price over the past few weeks, prompting some large holders to transfer their coins to crypto exchanges. According to on-chain data, net flows among large holders of the coin…

Litecoin (LTC) miner reserves have fallen to a multi-year low, reaching 1.61 million LTC ($120 million), representing a 29% decline, according to the data. In addition to this, the network’s hashrate has also increased significantly, currently reaching an all-time high of 1.07k TH/s. Litecoin (LTC) has experienced a significant decline over the past 7 and 30 days, losing 16% and 28% of its value in the respective periods, trading at $62. According to our data, 24-hour trading volume also fell significantly by 40%, with $389 million traded at the time of writing. Analysts say the large liquidations over the past…

Tether’s USDT combines utility, security, and accessibility, making it the world’s largest stablecoin. In line with Tether’s commitment to keeping USDT accessible and secure, Tether has extended USDT to multiple blockchains. As USDT becomes available on more blockchains, Tether has developed a plan to recover the token in case there is a significant disruption to the blockchain on which USDT is available. USDT is a lifeline for hundreds of millions of users around the world. USDT is particularly important in emerging markets and developing countries, where it can play a meaningful role in everyday life by providing an alternative to…

July 2, 2024 – Tether Operations Limited, the largest company in the digital asset industry, and BTguru, a leading technology and strategy firm specializing in virtual and crypto assets, recognize digital asset education initiatives in Turkiye We have signed a memorandum of understanding (MoU) for the . This is part of Tether’s broader vision for Tether EDU, which aims to create a world where education is infinitely accessible to everyone, everywhere. By supporting efforts to break down barriers in education, Tether provides opportunities in emerging markets and beyond aimed at preparing individuals for the challenges and opportunities of the digital…