Thursday , March 28 2024
Home / Mandy Williams (page 21)

Mandy Williams



Articles by Mandy Williams

Tether Doubles Down on AI Plans, Looks to Hire Relevant Employees

2 days ago

Tether, the company behind USDT, the largest stablecoin by market capitalization, has announced plans to double down on its artificial intelligence (AI) focus and recruit relevant talent to that effect.
According to an official release, the stablecoin provider said the move highlights its dedication to advancing AI efficiency and accessibility in the technology sector.
Tether Strengthens AI Focus
Tether’s latest move will see the firm focus on key areas like the development of open-source, multimodal AI products to set new industry standards. The crypto firm will also collaborate with other entities to integrate AI solutions into market-driven products to solve real-world issues.
In addition, Tether will participate in AI community contributions geared toward advancing the

Read More »

Nigeria Slams Binance With Tax Evasion Charges as Detained Exec Escapes: Report

3 days ago

The Nigerian government has slammed the world’s largest cryptocurrency exchange, Binance, with four counts of tax evasion charges as the saga between the entities deepens.
According to a report from local media Premium Times, the Federal Inland Revenue Service (FIRS) filed the charges at a Federal High Court in the nation’s capital, Abuja, on March 22, the same day Nadeem Anjarwalla, one of the Binance executives detained since February, escaped from the custody of the Economic and Financial Crimes Commission (EFCC).
Binance Faces Tax Evasion Charges
The FIRS mentioned Anjarwalla and Tigran Gambaryan as the second and third defendants in the lawsuit against Binance. Gambaryan is the other executive still in custody following Anjarwalla’s escape. The lawsuit accused the

Read More »

Bitcoin’s 15% Correction Propelled by Profit-Taking but Bull Cycle Is Far From Over: CryptoQuant

4 days ago

Bitcoin (BTC) had entered a period of price correction following its ascent to an all-time high of $73,700. Miners, whales, and other market participants, including large investors, had begun selling their BTC to make profits.
However, analysts at CryptoQuant believe the Bitcoin bull cycle is far from over, as price valuation metrics are largely shy from levels seen in past market tops.
BTC in Correction Mode
The Bull-Bear Market Cycle Indicator flagged an overheated-bull phase last week as BTC plummeted from $73,700 to $60,700. The decline was triggered by traders offloading their stash to realize high-profit margins.
CryptoQuant found that unrealized profit margins soared to 69%, its highest level since March 2021, when BTC was trading at around $60,000. Although traders

Read More »

Here’s How a Hong Kong Housewife Lost $908K to Crypto Scammers: Report

4 days ago

A 46-year-old housewife in Hong Kong has reported losses of 7.1 million Hong Kong dollars ($908,000) after investing in a fraudulent crypto investment platform.
According to a report by the South China Morning Post, people familiar with the matter revealed that the woman did not realize she had been scammed until a year after the incident when she discussed the investment with her family.
Hong Kong Housewife Scammed of $908K
One of the fraudsters contacted the victim through Instagram in July 2022 and urged her to invest in cryptocurrencies through a link to a fraudulent trading platform.
Together with another scammer, who impersonated a customer service representative from the purported trading platform, the suspects tricked the woman into transferring over $900,000 into

Read More »

Coinbase Wants to Launch Futures Contracts These Crypto Assets on April Fools’ Day

5 days ago

The derivatives arm of the largest American cryptocurrency exchange, Coinbase, intends to launch futures trading contracts for Dogecoin DOGE), Litecoin (LTC), and Bitcoin Cash (BCH) by April 1, 2024.
According to several letters filed with the United States Commodity Futures Trading Commission (CFTC) earlier this month, Coinbase Derivatives will launch monthly cash-settled and margin futures contracts for the cryptocurrencies on or after the coming April Fools’ Day.
Futures Trading For DOGE, LTC, And BCH
Per Coinbase’s letters, the firm will list the futures contracts using the self-certification approach under CFTC Regulation 40.2(a). This route allows entities to launch new products without direct CFTC approval; however, they must ensure the offerings adhere to the

Read More »

Avalanche Foundation Launches Phase 1 of Meme Coin Rush

7 days ago

Avalanche Foundation, the non-profit organization behind the Avalanche ecosystem, has launched the first phase of a $1 million liquidity mining incentive program dubbed Meme Coin Rush.
According to an announcement seen by CryptoPotato, the first phase has been kicked off with participation from liquidity management and decentralized market-making platform SteakHut and decentralized exchange Trader Joe.
Avalanche Begins Memecoin Rush
Meme Coin Rush was created to help scale liquidity and drive momentum for the community coin ecosystem on Avalanche. Community coins refer to meme coins, non-fungible tokens (NFTs), and similar cryptocurrencies designed by community members for cultural expression and interaction.
The program is a continuation of Avalanche Rush, an ongoing

Read More »

Kyle Davies Says He Is Unapologetic About the Collapse of Three Arrows Capital (3AC)

8 days ago

Kyle Davies, the co-founder of the defunct cryptocurrency hedge fund Three Arrows Capital (3AC), says he is not sorry that his company collapsed in 2022 and lost billions of investors’ funds in the process.
Davies expressed his lack of remorse during an interview with Laura Shin on a March 19 episode of the Unchained Podcast, stating that he intends to avoid jail time in any way possible.
Kyle Davies is Not Sorry
Recall that Three Arrows collapsed in mid-2022 amid the crypto market downturn due to heavy losses incurred from its positions. After a British Virgin Islands court ordered the liquidation of the assets, 3AC’s liquidator, Teneo, revealed the firm owed its creditors about $3.3 billion.
Since then, Davies and his partner, Zhu Su, have been in hiding. They launched

Read More »

Fidelity Wants to Stake a Portion of Its Proposed Spot Ethereum ETF

8 days ago

Asset management firm Fidelity wants traders of its proposed spot Ethereum exchange-traded fund (ETF) to be able to stake their assets upon the product’s approval.
The financial giant included the request in an amendment of its November 17 application to launch a spot Ethereum ETF in the United States.
Fidelity Includes Staking in ETF Proposal
Per a 19b-4 amendment filed with the United States Securities and Exchange Commission (SEC) on March 18, Fidelity intends to stake a portion of its spot Ethereum ETF’s assets to receive rewards and generate additional income for users.
“According to the Registration Statement, the Sponsor may, from time to time, stake a portion of the Fund’s assets through one or more trusted staking providers, which may include an affiliate of the

Read More »

Altcoins Remain Resilient Amid Bitcoin’s Correction: Bitfinex

9 days ago

Analysts at the Bitfinex crypto exchange say that alternative cryptocurrencies (altcoins) have remained resilient amid Bitcoin’s (BTC) approximately 12.5% correction in the past week.
According to the latest Bitfinex Alpha report, the altcoin market’s resilience is demonstrated in the Total3 index, which reached a new cycle-high market capitalization of $788 billion on March 14. Although the index has fallen by 14% due to the broader market correction, its plunge is less than BTC in absolute terms.
Altcoins Show Remarkable Resilience
The Total3 index tracks the price performance of all crypto assets except BTC and Ether (ETH). The index’s new cycle peak represents a 74.23% rise from its highest point during the bear market. It is also 6.5% shy of the April 2022 record of

Read More »

Here’s the Number of ETH Holders in Profit as Price Dips 11%

10 days ago

Ether (ETH) has lost more than 11% of its value in the past six days, falling from $4,000 to $3,500, but a vast majority of its holders are still in profit.
According to a tweet by crypto market intelligence platform IntoTheBlock, around 89% of ETH holding addresses are currently in the green.
89% of ETH Holders in Profit
Ether’s price began to slump on March 13 after the Dencun upgrade. Recall that the upgrade was launched to slash Ethereum-based layer-2 solutions’ transaction fees by 10x or more and improve the network’s scalability.
CryptoPotato reported that the Ethereum network’s activity and supply dynamics stayed positive during the first hours after the upgrade. The total supply of ETH continued to fall, the number of daily transactions rose to high levels, and

Read More »

This Happened on Coinbase’s Bitcoin Premium Index Before BTC Plunged to $66K

11 days ago

In the past few days, Bitcoin (BTC) has fallen from its newly recorded highs to levels not seen in a week, triggering millions in liquidations. Analysts have revealed that the Coinbase Bitcoin Premium Index flashed a bearish signal before BTC slumped.
According to an analysis by CryptoQuant, the Coinbase Premium Index dipped below 0.05 some hours before the price of BTC fell more than 7% to $66,000 on Friday and even further on Sunday.
Coinbase Premium Flashes Bearish Signal
The Coinbase Premium Index is a metric that represents the percentage difference between Binance’s (Tether) USDT pair price and Coinbase Pro’s USD pair price. A decrease in the index indicates that professional traders are less bullish than their retail counterparts, as a larger portion of Coinbase’s

Read More »

Ethereum Dynamics Stay Positive Post-Dencun, But Price Correction Risk Looms: CryptoQuant

12 days ago

The Ethereum network’s activity and supply dynamics have remained positive over the first hours after Dencun, the most complex hard fork since the Merge, was launched on the blockchain.
The latest weekly report from CryptoQuant said Ether (ETH) faces a risk of price correction in the short term despite positive network activity.
Ethereum Network Dynamics Are Positive
The Dencun upgrade, shipped on March 13, is designed to significantly slash Ethereum-based layer-2 networks’ transaction fees through a mechanism called proto-danksharding. As CryptoPotato reported, proto-danksharding seeks to enhance Ethereum’s scalability by expanding the capacity for data blobs, which will function as temporary storage spaces.
Following the successful launch of Dencun, the total supply of

Read More »

Altcoin Season Continues Momentum With Focus on Meme Coins as BTC Hits New ATH: Bitfinex

16 days ago

The alternative cryptocurrency (altcoin) sector is still reveling in its resurgence due to persistent investor interest in such digital assets amid Bitcoin’s (BTC) rally to a new all-time high of $72,000.
Analysts at the crypto exchange Bitfinex revealed in the latest weekly report that investor interest in altcoins is diversifying to meme coins and artificial intelligence (AI) projects.
Altcoins See Substantial Growth
The rising interest in altcoins is reflected in the market cap of the Total3 Index, which tracks the price performance of all cryptocurrencies except BTC and Ether (ETH). Last week, CryptoPotato reported that the index’s market cap hovered around $640 billion; however, the figure has surpassed $700 billion to touch a new high of $720 billion for the first

Read More »

Here’s Why This Student-Run Investment Fund Allocated 7% of its Portfolio to Bitcoin

18 days ago

The Stanford Blyth Fund, a student-run investment entity at the university, purchased Bitcoin (BTC) at $45,000 in February after a scholar pitched the asset during a meeting.
According to a tweet by Kole Lee, a computer science major and leader at the Stanford Blockchain Club, the Blyth Fund has allocated approximately 7% of its portfolio to Bitcoin following the purchase.
Stanford Endowment Buys BTC
The Blyth Fund, created in 1978 by an anonymous donor in honor of legendary banker Charles Blyth, manages a six-figure portion of Stanford University’s endowment through investments in assets like stocks and bonds.
The fund supports education by giving students an opportunity to invest their money and channeling 25% of the investment returns to Stanford University’s financial

Read More »

Crypto Investment Fraud Spiked 53% in 2023: FBI

18 days ago

The Federal Bureau of Investigation (FBI) has revealed that losses incurred from cryptocurrency investment fraud incidents increased from $2.57 billion in 2022 to $3.94 billion in 2023, representing a 53% increase year-over-year.
According to the FBI’s Internet Crime Report 2023, criminals found more ways to scam victims, enticing their targets with promises of lucrative returns on their investments.
Crypto Investment Fraud Increased in 2023
The FBI’s Internet Crime Complaint Center (IC3) received over 880,400 complaints in 2023, with potential losses surpassing $12.5 billion. The agency noted a 10% and 22% increase in complaints and losses, respectively, compared to 2022.
“As impressive as these figures appear, we know they are conservative regarding cybercrime in 2023.

Read More »

Bitcoin Accumulation Addresses See Record Inflows as Correction Risk Looms: CryptoQuant

19 days ago

Bitcoin accumulation addresses are witnessing record inflows following Bitcoin’s (BTC) surge to its all-time high of $69,000 and the subsequent retracement.
According to a weekly report by CryptoQuant, daily inflows into Bitcoin accumulation addresses have risen to 38,000 BTC, pushing the total holdings of such wallets to record-high levels of 1.5 million BTC.
Accumulation Addresses See High Inflows
Bitcoin accumulation addresses only acquire BTC and never sell. CryptoQuant said the increase in their digital asset holdings indicates strong demand.
The rise in the holdings of Bitcoin accumulation addresses correlates with high demand from spot Bitcoin exchange-traded funds (ETFs), which has remained consistent over time. All the ETFs, except GBTC, had accumulated around

Read More »

These Catalysts Could Push ETH to $10K or Higher This Year: Bitwise Analyst

20 days ago

The price of Ether (ETH), the second largest cryptocurrency by market cap, could soar to $10,000 or even higher this year despite the asset being overshadowed by Bitcoin (BTC) in the past months. These were the words of Juan Leon, crypto research analyst at asset manager Bitwise.
According to Leon, ETH, worth $3,950 at the time of writing, could rally past its all-time high of $4,800 and possibly surpass $10,000 due to catalysts like the upcoming Dencun upgrade and excitement surrounding the launch of spot Ethereum exchange-traded funds (ETFs).
The Upcoming Dencun Upgrade
The Dencun upgrade is highly anticipated and expected to enhance Ethereum layer-2 rollup efficiency through proto-danksharding or ephemeral blobs (EIP-4844). It is the network’s biggest upgrade since

Read More »

US Government to Fight Do Kwon’s Extradition to South Korea: Report

20 days ago

The United States government is set to continue its fight for the extradition of Terraform Labs co-founder Do Kwon to the country after a Montenegrin court ordered the deportation of the crypto mogul to his home nation, South Korea.
According to a Bloomberg report, prosecutors in the U.S. are hellbent on making Kwon face charges for his role in the $40 billion collapse of the TerraLuna ecosystem in May 2022.
“The United States continues to seek Kwon’s extradition in accordance with relevant international and bilateral agreements and Montenegrin law. The United States appreciates the cooperation of the Montenegrin authorities in ensuring that all individuals are subject to the rule of law,” stated the Department of Justice.
Kwon to Be Extradited to South Korea
The Justice

Read More »

All Optimism Holders in Profit as OP Breaks All-time High: ITB

23 days ago

Every holder of OP, the native token of the Ethereum-based layer-2 scaling solution Optimism, is currently in profit following the asset’s surge past its all-time high.
According to data shared by crypto market intelligence platform IntoTheBlock, over one million addresses holding OP, including wallets that acquired the token at $4.01, are currently in the money. The feat comes as OP surges past $4.50, crushing a high of $3.54 recorded in February.
100% of OP Holders in Profit
Optimism was founded in 2019, but OP was launched in May 2022 with a portion of its supply airdropped to eligible users. Powered by roll-up technology, Optimism bundles large amounts of transaction data into digestible batches and is cheaper to use compared to Ethereum.
OP has seen significant growth

Read More »

Tether (USDT) Records New Milestone, Hits $100B Market Cap

24 days ago

Tether (USDT), the largest stablecoin by market capitalization, continues its growth by reaching a new milestone of $100 billion.
Data from CoinGecko shows that the stablecoin recorded a market cap of $100.24 billion on Monday at 9:15 UTC before returning to levels below $99.7 billion.
USDT Hits $100B Market Cap
Tether’s new all-time high comes just two months after the digital asset surpassed the $90 billion mark. CryptoPotato reported in December that the surge past $90 billion indicated a consistent increase in the total stablecoin supply and a positive shift in the market.
USDT started 2023 with a market cap hovering around $66.24 billion and ended the year with a record of $91.69 billion, showing a year-to-year increase of more than 35%. With the asset crossing $100

Read More »

Bitcoin (BTC) Price Hits New All-Time High Against Euro and British Pound Following Latest Surge

24 days ago

Bitcoin (BTC) just hit a new all-time high (ATH) against the euro (EUR) and the British pound (GBP) following its ascent to the $65,000 price mark.
Data from TradingView shows that BTC neared 61,000 EUR on Monday morning for the first time in history as the asset rallied 7% in the past 24 hours.
BTC Records New ATH in EUR
The last time Bitcoin came close to its new ATH in EUR and GBP was in October 2021, during the previous bull cycle. The leading digital asset touched 53,075 EUR about a month before recording an ATH of $69,000. Notably, BTC was worth 50,309 EUR when it hit the ATH in the United States dollar.
Data from TradingView shows that the primary cryptocurrency was trading close to 61,000 EUR as of writing these lines.
BTCEUR. Source: TradingViewThe largest digital

Read More »

These Indicators Are Signaling a Possible Correction in BTC’s Price: CryptoQuant

25 days ago

Some on-chain indicators are flashing signs that Bitcoin (BTC) may be overheating following its rally to the $64,000 price mark, indicating a significant correction could occur soon.
According to a weekly report from market intelligence firm CryptoQuant, the rising traders’ unrealized profit margin and the high cost of opening new long positions in perpetual futures markets suggest the emergence of a pause or correction in BTC’s price.
BTC’s Remarkable Rally
Since the beginning of this week, the bulls have taken charge of the market and driven BTC up by more than 25%, pushing the digital asset to levels not seen since November 2021. Bitcoin has rallied from under $52,000, crossed $60,000, and was trading at $62,600 at writing time after a pullback from $64,000.
CryptoQuant

Read More »

Here’s What to Expect in March After Bitcoin’s Rally to $64K: Santiment

26 days ago

Analysts at crypto intelligence platform Santiment said Bitcoin’s remarkable performance in the 29 days of last month gave leap year a new definition, but the market may be in for a different ride in March.
According to the Santiment’s monthly report, several on-chain indicators suggest the market is in a bit of a danger zone and faces an increased risk of a correction in the short term.
A Bit of a Danger Zone
Bitcoin recorded a 45% surge in February, blasting past $45,000, $50,000, $55,000, and $60,000 within three weeks. The asset was eventually rejected at $64,000 and was hovering around $62,000 at the time of writing, per data from CoinMarketCap.
The euphoria of the rally has triggered the fear of missing out (FOMO) among market participants, although at a fair level.

Read More »

Robinhood Partners With Arbitrum to Optimize Swaps on Web3 Wallet

28 days ago

Online stock and crypto brokerage firm Robinhood has teamed up with the management team of the Ethereum-based layer-2 network Arbitrum to give its wallet users access to swaps on the protocol.
According to a release seen by CryptoPotato, the duo announced the alliance on February 29 at the ETHDenver 2024 event in Colorado, saying the collaboration would simplify the path to layer-2 networks.
Robinhood Wallet Taps Arbitrum for Coin Swaps
Robinhood Wallet users will be able to leverage low costs and fast transaction speeds on Arbitrum’s scaling solutions. The teams are working toward supporting access to cross-chain swaps in the coming months.
Johann Kerbrat, general manager of Robinhood Crypto, commented on the development: “Ethereum gas fees are an essential part of

Read More »

US Spot Bitcoin ETFs Surpass $50B Cumulative Trading Volume 

February 25, 2024

Spot Bitcoin exchange-traded funds (ETF) have surpassed a staggering $50 billion cumulative trading volume since trading started in the United States on January 11.
The milestone, achieved on Thursday, February 22, marks a 76.68% surge from the 28.3 billion cumulative volume recorded at the beginning of the month, according to data from BitMEX Research.
$50B Cumulative Volume from Spots BTC ETFs
Specifically, on Thursday, spot Bitcoin ETFs saw a cumulative volume worth $1.2 billion. Amongst the products, BlackRock’s iShares Bitcoin Trust (IBIT) leads with $457.2 million. Trailing IBIT is Grayscale’s Bitcoin Trust (GBTC) with $348.8 million, followed by Fidelity’s Wise Origin Bitcoin Fund (FBTC) at $255.7 million.
Notably, the $50 billion cumulative trading volume was

Read More »

US Judge Approves Binance’s $4.3 Billion Settlement Deal: Reuters

February 25, 2024

A U.S. federal judge has approved Binance’s guilty plea and a hefty $4.3 billion settlement deal for violating anti-money laundering (AML) and sanctions laws through its cryptocurrency exchange.
According to a Reuters report, the plea and the settlement were accepted on Friday, February 23.
The Settlement Deal
The U.S. Department of Justice (DOJ) had announced the plea deal and settlement in November, alleging that Binance had violated the Bank Secrecy Act (BSA), the International Emergency Economic Powers Act (IEEPA), and failed to register as a money transmitting business.
Additionally, the agency alleged that Binance’s founder and now-former CEO, Changpeng “CZ” Zhao, failed to maintain an effective anti-money laundering program on the platform, violating the BSA.
The

Read More »

Large Bitcoin Investors Persist in Accumulation as Short-term Holders Begin to Sell: CryptoQuant

February 24, 2024

Recent analysis from on-chain intelligence platform CryptoQuant has found that large entities’ total bitcoin (BTC) holdings have grown to a level last seen in July 2022 due to their unwavering accumulation of the digital asset.
According to CryptoQuant’s weekly crypto report, the BTC holdings of these entities have grown significantly from 3.694 million in December 2022 to 3.964 million at the time of writing. Analysts said large investors expanding their holdings correlate with BTC’s higher prices as they indicate increasing demand for investment purposes.
Large Entities Continue BTC Accumulation
Some large entities accumulating BTC are the new spot Bitcoin exchange-traded funds (ETFs), excluding Grayscale’s GBTC. They have become a primary demand source for the leading

Read More »

U-Turn? Donald Trump Says He Can Live With Bitcoin

February 23, 2024

Donald Trump, former United States President and candidate in the upcoming elections, has taken a u-turn on his stance against Bitcoin, stating that he can live with it.
During an interview with Fox News, the billionaire acknowledged that BTC, the leading digital currency, is getting a lot of attention and taking a life of its own, stating the need for some regulation around the asset.
Living With Bitcoin
Trump said he had seen some interesting incidents surrounding BTC, like more people wanting to pay for goods and services with the cryptocurrency.
Regardless of the BTC’s growing adoption and utility, the former U.S. president insisted that he has and will always like one currency: the United States dollar (USD).
“You probably have to do some regulation, as you know. But

Read More »

South Korea With a Clever Way to Collect Crypto Taxes: And It’s Paying Off

February 22, 2024

In 2023, Gyeonggi Province, the most populous province in South Korea, collected millions of dollars from tax evaders by tracking their crypto assets on several centralized exchanges.
According to a report by local media Yonhap News Agency, the Gyeonggi Tax Justice Department accrued 6.2 billion won ($4.67 million) in undeclared taxes from evaders by using a special electronic management system that tracked the delinquents’ virtual assets.
Gyeonggi Collects $4.6M in Delinquent Taxes
Before the Gyeonggi government introduced the tracking software last year, the lists of the offenders were usually sent to crypto exchanges to check for membership registration on their platforms. The process would eventually be followed up with a seizure and sale of the delinquents’ crypto

Read More »

Ripple CEO Says Firm is Open to Welcoming a Spot XRP ETF

February 21, 2024

Brad Garlinghouse, the CEO of financial technology company Ripple Labs, has disclosed that the crypto solutions provider and developer of the Ripple payment protocol would welcome a spot exchange-traded fund (ETF) for the network’s native token, XRP.
Ripple to Welcome Spot XRP ETF
Speaking on his thoughts about the current state of the crypto industry in a Bloomberg interview, Garlinghouse chipped in that creating multiple ETFs around different tokens is inevitable as they would further diversify the risk of trading such investment vehicles. He added that some firms may even launch basket ETFs, containing a collection of multiple crypto assets.
Likening the condition of the crypto ETF space to the earliest days of the stock market, the Ripple CEO explained that investors

Read More »