Markets

Tether (USDT), the world’s largest stablecoin, achieved a groundbreaking milestone by surpassing its previous all-time high market cap of $83.2 billion, a record set back in May 2022. This remarkable feat further cements Tether’s unrivaled dominance in the rapidly expanding stablecoin market, which currently totals an astonishing $130 billion, with USDT’s market cap surpassing the combined value of its closest competitors. USDT Breaks 2022 Market Cap ATH According to a blog...

Macy’s noted that Nike will return to its stores, starting from October this year. Macy’s Inc (NYSE: M), an American conglomerate holding company that engages in consumer goods, released its first-quarter earnings results on June 01. According to the announcement, Macy’s reported net sales of $4.98 billion during the first three months of the year (Q1 2023), which represented a decline of approximately 7 percent YoY basis. However, analysts surveyed by REFINITIV expected the company to...

USDT has become the most traded stablecoin, especially after the de-pegging of Circle’s USD Coin (USDC) earlier this year.  United States-dollar-backed stablecoin Tether (USDT) has hit an all-time high in its market capitalization based on existing market data. The new milestone has helped Tether exceed its previously set all-time high of $83.2 billion which was announced back in May 2022. USDT is currently the third largest cryptocurrency by market cap which at the time of writing is...

Gemini is looking to expand its business offerings across the UAE as regulators begin to accept applications for VASP licensing. Leading cryptocurrency exchange Gemini has announced its plans to secure a license in the United Arab Emirates (UAE) to tap into the surging interest in digital assets in the region. The move aligns with the company’s commitment to catering to the evolving needs of investors and its plans to strengthen its position in the global crypto market. In a blog post...

Der Aufstieg von Bitcoin und anderen Kryptowährungen hat eine Vielzahl von Menschen dazu inspiriert, in diese aufstrebende Branche einzusteigen und ihre finanzielle Zukunft zu verändern. Unter ihnen gibt es faszinierende Geschichten von Menschen, die von bescheidenen Anfängen aus gestartet sind und mit Bitcoin-Trading ein beträchtliches Vermögen aufgebaut haben. Diese inspirierenden Erfolgsgeschichten zeigen, dass es möglich ist, aus eigener Kraft und mit der richtigen Strategie große Gewinne...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up EOS price started a downside correction from the $0.930 resistance against the US Dollar. The price is now trading near $0.875 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support near $0.9020 on the 4-hour chart of the EOS/USD pair (data feed from...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Litecoin started a downside correction from the $95 zone against the US Dollar. LTC price is now trading above $88 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support near $92 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair...

Historically high-interest rates in the United States could “exacerbate” stress in an already shaky banking system, said a member of the Federal Reserve’s Board of Governors on Wednesday.  The governor also hinted that the central bank might decide not to raise its benchmark interest rate at the next Federal Open Markets Committee (FOMC) meeting, which could have implications for Bitcoin’s price. Rising Rates and Mounting Debt Fed Governor Philip N. Jefferson remarked on the...

Popular cryptocurrency exchange Bybit announced it will be exiting the Canadian market, citing recent regulatory developments in the country as the reason behind its decision. The move follows similar decisions made by other exchanges that ceased operations in the North American nation. Starting May 31, new account openings will be unavailable, while existing customers will have until July 31 to make further deposits and enter into new contracts. The company also promised...

Watch that little blue line on Google Trends for “bitcoin” hit the ceiling if the U.S. defaults on its debt. BTC might suffer at first as markets go risk-off, but could easily shine in another global financial crisis. House Republicans reached a tentative deal with President Joe Biden’s White House over the Memorial Day Weekend. The deal would help raise the debt limit imposed by Congress on federal borrowing. But it isn’t yet assured. House Democrats are unhappy with some of...