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what’s happening?According to the Wall Street Journal, the US federal government is reportedly investigating Tether, the issuer of the USDT stablecoin, for possible violations of anti-money laundering and sanctions laws. There is.Federal investigators, led by the U.S. Attorney’s Office in Manhattan, are investigating whether third parties used Tether to fund illegal activities, as the paper alleges, although no formal charges have been filed. is being investigated.Source: CoinMarketCapFollowing this report, the price of Bitcoin fell from $68,600 to $66,589, and Tether at one point fell to 99.81 cents, as the entire cryptocurrency market reacted to the news. related However, Tether CEO…
Bitcoin continues to lead in terms of longest average holding period. However, one crypto asset has outperformed major assets such as Ethereum on this metric, underscoring its continued appeal among long-term investors. According to the latest data compiled by IntoTheBlock, Bitcoin leads with an “average HODL time” of 4.4 years. This is consistent with the common perception of it as a long-term store of value, or “digital gold.” Despite the world’s largest crypto asset failing to regain significant levels and set new all-time highs, both institutional and retail interest has soared, although the latter’s interest has slowed. Interestingly, a close…
Saturday, October 26, 2024 ▪ 4 min read ▪ Written by Evans S. Dogecoin, the famous cryptocurrency inspired by dog memes, has seen a trading volume of $1.17 billion in 24 hours, leaving the crypto world wondering. Dogecoin’s rapid fluctuations, combined with curiosity and distrust, reveal a dynamic that is both worrying and intriguing. But beyond the numbers, what’s really going on in this surprising world of cryptocurrencies? Huge amount, but on the decline Dogecoin is not yet the first explosion. On October 21st, DOGE reached $12.87 billion in significant transactions. While this number is impressive, it masks a decline.…
Stay informed with free updatesSimply sign up for the US Stocks myFT Digest, delivered straight to your inbox.U.S. stocks have been more volatile than usual following recent corporate earnings reports, as high valuations and an uncertain outlook have investors worried.Wall Street’s benchmark S&P 500 index has been uncharacteristically calm in recent weeks, having not moved more than 1% in either direction every day for more than a month. But for many individual members, the movement is much more volatile.Tesla, Philip Morris International, and Netflix are among the major companies that enjoyed daily stock increases of more than 10% after reporting…
Bitcoin and other major cryptocurrencies have experienced sharp price fluctuations following the controversial Tether report amid rising tensions in the Middle East. These events resulted in significant losses for traders holding highly leveraged positions, and daily liquidations soared to approximately $380 million. Tether’s repudiation failed to ease markets as Bitcoin and altcoins liquidate rapidly On October 25, the Wall Street Journal published an article suggesting that the U.S. Attorney’s Office is investigating Tether. The report said the allegations include the possibility that third parties may have used Tether’s platform to conduct illegal activities. Tether strongly denied the accusations, calling the…
Online stock trading is becoming increasingly popular. However, this convenience comes at the cost of increased security measures to protect sensitive financial information and trading activity. The financial sector is a prime target for cybercriminals, and stock trading platforms are no exception. One powerful tool that every trader should consider is a virtual private network (VPN). Let’s take a closer look at why using a VPN is important to protect your stock trading.Get Security Alerts, Tips from the Experts — Subscribe to Cart Newsletter — Click Here for Cyber Guy Reports A stressed stock trader. (Kurt “Cyber Guy” Knutson)What is…
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. As U.Today reported in May 2024, Ripple CEO Brad Garlinghouse, while talking about cryptocurrencies and blockchain on his…
This article explores the potential price appreciation if Shiba Inu’s market cap reaches that of Solana, Ethereum, or Bitcoin, highlighting its ambitious goals with fewer zeros. On Friday, Shiba Inu was once again under bearish pressure, with its price plummeting to just above $0.00001,600. This unexpected decline came as Bitcoin retested the $65,000 level for the second time this week. Despite this, we remain optimistic regarding Shiba Inu’s potential targets this season. Analysts have signaled an ambitious market valuation for SHIB, including a $100 billion target proposed by widely followed analysts Jake Gagain and Zach Humphries. Remarkably, this bold market…
Tech giant Microsoft is planning a shareholder vote on a possible investment in Bitcoin (BTC) in December, despite its recommendation against the currency. In a new filing with the U.S. Securities and Exchange Commission (SEC), Microsoft’s board of directors recommends voting against the idea of investing in the top market-capitalized crypto asset. In a public statement, the board said that the proposal itself was not necessary as the company’s management has already carefully considered whether to invest in the crypto tycoon. “Microsoft (Team) has invested to fund Microsoft’s ongoing operations, including assets that are expected to provide diversification and inflation…
Disclosure: This article does not represent investment advice. The content and materials published on this page are for educational purposes only. The crypto market is buzzing with potential, with established and new tokens like memecoin XYZVerse aiming for significant growth in early 2025. The cryptocurrency market is buzzing with anticipation as several digital coins are expected to see significant growth in early 2025. Both established and new tokens are gaining traction as investors are keen to identify which assets have the potential to deliver big returns. The situation is ripe for surprises, and the coming months could reveal transformative changes…