Author: admin

While the Bitcoin halving clock ticks closer, with block reward reduction estimated to occur on April 21st, the crypto market is experiencing a lull. Price-wise, BTC still holds a position of nearly $70,000, with a market capitalization of $1.39 trillion. Meanwhile, the total crypto market cap is at $2.7 trillion, with a total trading volume of $90 bln, according to CoinGecko.Currently trading above $70K, Bitcoin’s price is right under its all-time high (ATH) of $73,808, which hit March 14th. So, a continuation of bullish momentum can push the price toward this ATH, while a drop below the $69K support level might lead…

Coinbase Derivatives became the first CFTC-regulated exchange to offer margined Bitcoin Cash and Litecoin futures contracts, launching earlier this month and going strong. Bitcoin Cash and Litecoin contracts will launch on April 1st, and Dogecoin futures will launch later this month. These contracts will be available for trading through Coinbase’s brokers and FCM partners. These contracts, with sizes of 1 BCH, 5 LTC, and 5000 DOGE, aim to provide enhanced trading opportunities in the crypto market and foster a more inclusive and dynamic trading environment. The introduction of additional futures contracts will allow retail traders to take advantage of price…

Meme coin enthusiasts may be having a great month, but Litecoin (LTC) hodlers today saw bullish performance in the last 24 hours of price confirmation, making it the second-best performer among the top 100. They are celebrating that their coin has achieved the status of virtual currency. It jumped nearly 11%.This occurred on the fifth day of a relatively weak market, with Bitcoin and Ethereum correction rates of less than 2% during the same period. The current global cryptocurrency market capitalization is $2.79 trillion, with a change of only -0.1% in the past 24 hours.The most important non-technical event that…

Using the digital dollargetty overview Stablecoins are one of the most practical use cases of blockchain technology. More than $150 billion of these digital funds are held by millions of people around the world. Proponents tout their use for real-world payments, but are they actually being used that way? In this report, we explore stablecoin use cases and explore how blockchain data can be used to evaluate and discuss the implications for the future of the economy. background Stablecoins are tokens on a blockchain that are pegged and redeemed 1:1 with US dollars held by the issuer. Issuers typically hold…

March 26, 2024 — Tether Operations Limited (Tether), the largest cryptocurrency industry, announced a strategic expansion of its focus on AI to put it at the forefront of innovation. This important move underscores Tether’s dedication to increasing the accessibility and efficiency of AI, further strengthening its role as a pioneer shaping the future of technology. With a market capitalization of over $100 billion for its core product USDt and a reputation for strategic investments in areas as diverse as peer-to-peer communications, renewable energy, and Bitcoin mining, Tether continues to demonstrate its commitment to innovation. With this announcement, Tether data is…

An increase in funded wallets not only means an increase in the number of users, but is also a bullish indicator of new funds flowing into the ecosystem. It is widely speculated that when Bitcoin mining rewards are cut in half on April 20th, many unprofitable miners may turn to other PoW networks. Therefore, strategic investors appear to be spying on other prominent PoW networks like Litecoin in hopes that the upcoming Bitcoin halving event will impact prices and network sophistication. . actively. Litecoin (LTC) Price Prediction: A Rough Road to $100 Given that LTC price trends are closely and…

For the better part of a decade, Tether has been one of the most dominant companies in the cryptocurrency space alongside Binance and Coinbase, but it has often been overlooked. This is largely by design, as the company and its executives prefer to exist in the shadows, even as they attract billions from Tether’s USDT stablecoin, the go-to currency of the cryptocurrency economy. Body. But that’s about to change, as Tether, which now has a staggering $105 billion in reserves, and CEO Paolo Ardoino are trying to bring the company into the financial mainstream. I chatted with Ardoino this week,…

March 12, 2024 — Tether, the largest company in the cryptocurrency ecosystem, played a key role in the seizure of approximately $1.4 million worth of Tether (USDT) tokens by the U.S. Department of Justice and Federal Bureau of Investigation. Technical Support Scam Network. The funds will be returned to the victims of the fraud. Tether’s voluntary assistance to the Department of Justice and FBI marks another significant commitment in the fight against the use of cryptocurrencies in financial fraud. The U.S. Department of Justice publicly acknowledged Tether’s assistance in effecting the transfer of these assets, further underscoring Tether’s commitment to…

What is Tether (USDT)? USDT is the symbol of Tether, a cryptocurrency pegged to the US dollar. This means that USDT is a stablecoin that fluctuates in value with the US dollar and is backed by Tether’s dollar reserves. USDT is issued by Tether, a company owned by iFinex, a Hong Kong registered company that also owns cryptocurrency exchange BitFinex. As of March 2024, USDT is the third largest cryptocurrency after Bitcoin (BTC) and Ethereum (ETH), and the largest stablecoin with a market capitalization of nearly $99 billion. From 2023 to early 2024, Tether’s USDT accounted for most of the…

Kenechukwu Anadou, Pablo D. Hazard, Marco Cipriani, Thomas Eisenbach, Catherine Huang, Mattia Landoni, Gabriele La Spada, Marco Machiavelli, Antoine Malfroy-Comin, J. Christina Wang In our previous post, we discussed the rapid growth of the stablecoin market over the past few years and then discussed the operation of the TerraUSD stablecoin in May 2022. However, TerraUSD’s operations are not the only volatile episode the stablecoin has experienced. Other notable events include the IRON trade in June 2021 and, more recently, the unpegging of the USD coin secondary market price from $1.00 to $0.88 following the Silicon Valley Bank failure in March…