The cryptocurrency market is in retreat once again, with bitcoin dumping below $95,000 for the second time since Monday evening. While many altcoins are also deep in the red, the ever-volatile meme coin sector has produced some of the most violent corrections. Although there are many success stories of small-time investors turning thousands of dollars into hundreds of thousands or even millions, the meme coin niche remains highly-volatile and risky, especially in times of...
Read More »USDT Adoption Surges: Outpaces Bitcoin and Nears Ethereum in Wallet Count
USDT emerged as a leading digital asset in Q4 2024, with 109 million on-chain wallets holding it, more than double the number for Bitcoin and nearing the 128 million wallets that own Ethereum. Beyond on-chain activity, 86 million accounts on centralized platforms have received USDT deposits. USDT’s Dominance According to the second edition of ‘Tether Insights,’ the stablecoin issuer revealed that exchanges recorded 4.5 billion web visits in the first three quarters of 2024,...
Read More »WSPN Partners with Fractal to Boost WUSD Adoption on Bitcoin
WSPN partners with Fractal to integrate its stablecoin WUSD into Bitcoin’s ecosystem, enhancing transactions, financial stability, and blockchain growth. WSPN, a global digital payments company, has partnered with Fractal, a top Bitcoin scaling solution, to expand the use of WSPN’s stablecoin, WUSD. This collaboration aims to bridge traditional finance with digital assets, enhancing Bitcoin’s role in financial transactions. The integration will place WUSD in the company’s high-performing...
Read More »Over $1.4 Billion in Liquidations as Bitcoin (BTC) Dumps by $6K in Hours
Bitcoin’s latest price rejection at the coveted $100,000 mark has pushed the asset south hard, dumping by about six grand in hours. The altcoins followed suit with massive losses from most of them, including double-digit price declines from WIF, TIA, FIL, APT, LTC, and others. Bitcoin/Price/Chart 9.12.2024. Source: TradingViewShortly after CryptoPotato’s Market Watch from the morning, BTC actually went on the offensive and jumped above $100,000. However, that was short-lived,...
Read More »Tether Mints $2 Billion USDT, Continuing Significant Issuance Trend
Tether mints $2 billion USDT, boosting market liquidity. Bitcoin hits $100k thrice, showing USDT’s impact on crypto market stability. Tether has minted an additional $2 billion in USDT on December 7, continuing its recent trend of significant coin issuance. According to data from Lookonchain, Tether has minted a total of $19 billion USDT on Ethereum and Tron since November 6. This comes after the $1 billion USDT created on December 3, indicating that there was another massive creation of the...
Read More »SEC Claims Secondary Trading of BNB and These 10 Tokens Qualifies as Securities Under Howey Test
The U.S. Securities and Exchange Commission (SEC) has pushed back against efforts to dismiss its lawsuit against cryptocurrency exchange Binance, its U.S. branch Binance.US, and former CEO Changpeng Zhao. The regulator accuses them of running an unregistered securities exchange through the trading of BNB, Binance’s native token, and ten other cryptocurrencies. Details From the Filing The case relies on the Howey Test, a legal standard used to determine if something qualifies...
Read More »First Time Since March: ETH Price Skyrockets Past $4K as ETF Demand Rises
ETH has finally joined the bull party as its price shot up to over $4,000 for the first time since March this year. This spectacular surge comes on the heels of the growing interest and demand for the spot Ethereum ETFs, as Thursday was the best day ever in terms of net inflows. ETHUSD. Source: TradingViewOn the day the US presidential elections were decided – November 6 – ETH’s price struggled at around $2,500. The rest of the market was in anticipation of the results but...
Read More »Sui, Fantom Soar as Whales Buy More Bitcoin, What About New Altcoin BEST Token?
Sui and Fantom are soaring right now. These cryptos are suddenly hot again, and some are pointing to renewed interest in the altcoin market as the reason. Bitcoin whales are also getting in on the action, which could set the stage for big price swings in the year’s final weeks. In the middle of all this, the new Best Wallet token has hit $2.5 million in presale – positioning itself as a high-potential play for 2025. Sui and Fantom Explode – What’s Behind the Altcoin Surge?...
Read More »Bitcoin Makes History, Trump Selects New SEC Chair, Mt. Gox Moves Billions: This Week’s Crypto Recap
To say that the past seven days were exciting would be an understatement. According to CoinGecko, the total cryptocurrency market capitalization increased by almost $300 billion and peaked at around $3.8 trillion. This comes on the back of a historic milestone for Bitcoin and the strong performance of many altcoins, so let’s dive into the price action. All eyes were turned on Bitcoin this week. To be completely honest, the price action was relatively dull and rather...
Read More »Das sind die 3 Online-Communities des Schweizer Bitcoin-Vereins
Das sind die 3 Online-Communities des Schweizer Bitcoin-Vereins Die Bitcoin Association Switzerland hat es sich zur Aufgabe gemacht, die Bitcoin-Community in der Schweiz zu stärken. Dazu betreibt sie drei zentrale Telegram-Chatgruppen, die eine Plattform für den Austausch über die neuesten Entwicklungen rund um Bitcoin, technische und politische Aspekte sowie Marktbewegungen bieten. Diese Communities stehen allen Interessierten offen und schaffen...
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