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Litecoin’s market price follows Bitcoin, but on a much smaller scale. This is because market prices are a function of market sentiment, economic factors, risk tolerance, investor and trader preferences, hype, news, and other factors that affect investment prices. Litecoin is not as popular as Bitcoin. Probably because it doesn’t get as much attention as older cryptocurrencies. However, in terms of 24-hour trading volume, it remains in the top 20 most traded cryptocurrencies. As the second oldest cryptocurrency, this is significant as it shows that it still has a lot of investor interest. Here’s why Litecoin has lasted almost as…
LONDON (Reuters) – Tether, the world’s largest stablecoin, says it is increasing scrutiny of how its tokens are used in broader crypto markets and payments to combat illicit finance. said in a statement Thursday.Tether, a cryptocurrency pegged to the US dollar, and blockchain analytics firm Chainalysis have launched a new tool to identify transactions related to sanctioned entities and analyze the activities of the token’s primary holders, Tether said. said.Reuters reported last month that Venezuela’s state oil company PDVSA plans to increase its use of Tether to export crude oil and fuel as the US reimposes oil sanctions.The Wall Street…
What is Litecoin (LTC)? Litecoin (LTC) is a cryptocurrency created from a fork of the Bitcoin blockchain in 2011. It was initially designed to address developers’ concerns that Bitcoin was too centrally controlled and to make it more difficult for large mining companies to acquire the top currencies. I’ll try my hand at mining. Ultimately, it failed to prevent enterprise miners from taking over the majority of Litecoin mining, but the cryptocurrency was remade into minable coins and a peer-to-peer payment system. Learn more about the difference between Litecoin and Litecoin. Important points Litecoin is a virtual currency founded by…
Tether strengthens compliance efforts with Chainalysis ecosystem monitoring solution May 2, 2024 – Tether, the largest digital asset industry, has collaborated with Chainalysis, a blockchain data platform, to develop a customizable solution to monitor secondary market activity. Secondary market activity refers to transactions that take place within the broader ecosystem using USDT (Tether’s stablecoin), beyond the limited entities that buy and sell USDT directly from Tether. This solution created by Chainalies will enable Tether to systematically monitor transactions, increasing the understanding and monitoring of the USDT market. It also serves as a proactive source of information for Tether compliance professionals…
What is Litecoin (LTC) mining? Litecoin mining is the process of validating transactions in the Litecoin blockchain, closing blocks, opening new blocks, and receiving rewards. Litecoin uses proof-of-work with a consensus design, which uses computational power to solve cryptographic puzzles. Litecoin rewards miners who produce solutions that are equal to or worse than the network target. Like Bitcoin, it can be mined on a computer using a central processing unit or graphics processing unit. However, it is not as profitable or competitive as buying application specific integrated circuits (ASICs) and joining a mining pool. Important points Litecoin mining is similar…
The stablecoin leader is starting to look more like an investment fund thanks to its reserves. CEO Paolo Ardoino is keen to erase Tether’s controversial past. Tether sets a bullish record in a market filled with uncertainty.For years, crypto skeptics have questioned whether Tether really had enough dollar reserves to support the world’s most powerful stablecoin, USDT, currently worth $109 billion.Tether now reports that it is making so much money from its reserves that it is starting to resemble an investment fund as well as a stablecoin issuer.In the first quarter, Tether reported $4.5 billion in profits from its holdings…
Tether Announces First Quarter 2024 Certification: Reports Record Profit of $4.52 Billion, Highest-ever Treasury Bill Holding, and Total Group Capital of $11.37 Billion May 1, 2024: -Today, Tether Holdings Limited (BVI) announced its first quarter 2024 assurance opinion conducted by BDO, one of the world’s leading independent accounting firms. The latest certification, as of March 31, 2024, discloses additional financial information for the Tether Group, including but not limited to the reserves backing the Tether fiat stablecoin. The new report provides an overview of the group’s overall financial strength, complementing the information provided in the previous Reserve Report, which is…
Litecoin (LTC) holders are actively engaged to support the coin’s potential recovery, although minimal sales activity has been observed. Analysis of active addresses suggests that the majority are at break-even levels, prioritizing securing potential profits over selling. Amid the broader crypto market decline, Litecoin (LTC) price is also facing downward pressure, falling 4.75% in the past 24 hours and falling below $80 at the time of writing. After facing a sharp decline in April earlier this month, Litecoin price has made some recovery to above $90 last week. LTC holders are actively contributing to the coin’s recovery by maintaining minimal…
Stablecoins, as the name suggests, offer the benefits of cryptocurrencies without the volatility. And as Visa launched the Visa Onchain Analytics Dashboard on April 25 to showcase how fiat-backed stablecoins move around the world via public blockchains, CFOs and treasurers The stablecoin category is increasingly becoming a top concern for investors. That’s because while the story surrounding cryptocurrencies is often overshadowed by scandal and volatility, amidst all this noise, stablecoins are emerging as a promising solution for mainstream transactions. A stablecoin is a type of cryptocurrency that is designed to maintain a stable value by pegging its value to fiat…
LONDON, April 29 (Reuters) – Cryptocurrency company Tether has invested $200 million in BlackRock Neurotech, taking a majority stake in the U.S. brain implant company, it said in a statement on Monday.BlackRock Neurotech makes brain-computer interfaces, including neural implants that allow people to control computers and prosthetic arms without moving, the company’s website says. It has no relationship with the asset management company BlackRock.The deal, closed on Friday after months of due diligence, values BlackRock Neurotech at about $350 million and makes it Tether’s largest shareholder, Tether CEO Paolo Ardoino told Reuters told.The $200 million from Tether will primarily fund…