Crypto news

A consumer watchdog has warned about the lack of transparency Tether exhibits in confirming the reserves backing its stablecoin and it ignoring the amount of crime USDT facilitates. Non-profit organization Consumers’ Research has released a warning to alert the crypto community and everyone else of Tether’s lack of transparency in revealing the reserves backing its USDT stablecoin. This report comes after S&P Global rated it 4 out of 5 after a risk assessment, with 5 being the worst...

If the new regime takes effect, the SFC will collaborate with the C&ED to oversee OTC services in Hong Kong. Financial hub Hong Kong looks to introduce a new regime for over-the-counter (OTC) virtual asset trading services as the Securities and Futures Commission (SFC) conversed with multiple ‘industry participants.’ Should the jurisdiction proceed in that direction, the SFC will work with the Customs and Excise Department (C&ED) to better regulate the crypto industry. A proposal...

Bitdeer (NASDAQ: BTDR) has announced a forthcoming auction for used mining equipment on its official website. The auction will feature a total of 2,880 used Antminer S19 units from Bitdeer’s Norway mining datacenter. The starting price for the auction is set at $270,000. The auction will include two types of Antminer S19 models: the Antminer S19-95T and the Antminer S19-90T. Among the total units, 2,132 are Antminer S19–95T, while 748 are Antminer S19–90T. The auction starts on September 24,...

Crypto whales are making waves again, and this time, they’ve set their sights on a promising altcoin that could follow in the footsteps of Bitcoin (BTC). As investors search for the next big opportunity, one rising Ethereum token has captured their attention – ETFSwap (ETFS). With its innovative utilities and a low presale price of $0.03846, smart investors are moving quickly to secure their shares before the ICO window closes. Could ETFSwap (ETFS) be the next million-making opportunity,...

DeFi Saver, a leading platform in decentralized finance (DeFi) management, has announced its integration with Sky Protocol, marking a significant milestone in the DeFi sector. This upgrade is scheduled for September 18th and is to enable the stablecoins $SKY and $USDS, as well as several new features for the financial products in Sky Protocol ecosystem. In the latest update on X, Sky Protocol stated that the integration with DeFi Saver will include some distinctive features intended for...

Pepe is in the red by 15% in the past month. This has increased fear in PEPE investors. There is speculation that these meme coin investors are looking for better, stable alternatives to invest in. Crypto news reports they are flocking towards Avalanche (AVAX) and a new Ethereum token.  Unlike meme coins without utility, this new platform offers enterprise-grade tools and AI-powered trading solutions. PEPE investors could see quick profits as the new altcoin has the potential to rally by...

XRP performed well this week and closed with a 11% price increase. Key Support levels: $0.54 Key Resistance levels: $0.68 1. Price Moves Higher After firmly securing the 54 cents level as support, XRP rushed higher and almost reached 60 cents before a pull back followed. Buy momentum remains strong and could see the price move higher in the coming week. Chart by TradingView2. Buyers Dominate In the past week, buy volume exceeded any sell pressure in five out of seven days....

Cardano rallied earlier this week, but now the price has hit a key resistance. Key Support levels: $0.31 Key Resistance levels: $0.37 1. Resistance Stops the Rally Since September 7th, the price entered a rally that saw the price quickly move from the 31 cents support to the key resistance at 37 cents. Once Cardano’s price approached the key resistance, sellers returned and managed to turn around the price action into a corrective move. Chart by TradingView2. Short-Term...

The cryptocurrency markets have remained relatively calm in the past 24 hours, with most coins trading flat. Their total capitalization is currently around $2.2 trillion. Bitcoin’s Price Flirts With $60K The BTC price didn’t experience significant volatility during the past 24 hours. At one point, the bears attempted to push it toward $59.5K, but the bulls were quick to intervene and recover above $60K, where it’s currently trading. All in all, this concludes a week of...

TL;DR ChatGPT claimed SHIB’s price could rally in Q4, assuming certain factors like increased token burnings are in place. Expected interest rate cuts and reduced exchange selling pressure may also contribute to a potential uptick for the meme coin. SHIB Yet to Unveil Its Potential? The second-largest meme coin in terms of market capitalization witnessed a major rally in Q1, 2024, when its price pumped to as high as $0.00003629. Since then, though, it has been on a...