Monday , November 18 2024
Home / Tether (USDT) (page 12)

Tether (USDT)

Bitcoin Plummets Toward $60k As Federal Reserve Considers Keeping Rates Elevated

Bitcoin’s price fell 2.5% to $60,300 on Friday as Federal Reserve officials weighed their options for combatting stubborn price inflation in the United States. Bitcoin traded for $63,400, at noon UTC on Friday, before plummeting below $61,000 over the next few hours. According to Coinglass, the volatility triggered $175 million in liquidations over the past 24 hours. The single largest liquidation took place on a Binance BTC/USDT trade for $3.56 million. Speaking at a...

Read More »

New Visa Metric: Over 90% of Stablecoin Transactions Not Genuine

The stablecoin sector is not a stranger to controversies, but a recent study questions whether these assets are being widely used as claimed. According to the report, a new metric developed by American multinational payment giant Visa indicates that over 90% of stablecoin transactions aren’t made by genuine users, suggesting that these cryptocurrencies are far from being widely adopted for payments. Only 10% of Stablecoin Transactions Organic Visa, along with Allium Labs, has...

Read More »

These Divisions Contributed Significantly to Tether’s Q1 2024 Profit of $4.52B

Earlier this week, the largest stablecoin issuing company, Tether, revealed that it made more than $4.52 billion in net profit in the first quarter of 2024. With the firm having expanded its operations recently, a substantial portion of the profits came from its long-standing businesses and not the newly formed divisions. Tether revealed in an attestation report that roughly $1 billion of the profit in Q1 2024 came from entities in charge of issuing stablecoins and managing...

Read More »

Are XRP Bulls Gearing up for a Rally Following Reclaim of $0.52? (Ripple Price Analysis)

Ripple’s price has been consolidating on against USDT and BTC, following a significant decline. Yet, things might be about to change for the better soon. Technical Analysis By TradingRage The USDT Paired Chart Against USDT, XRP has recently rebounded from the $0.4 support level and has also broken back above the $0.5 zone. Yet, the market is currently retesting the $0.5 level. If it holds, the price will likely rally toward the $0.6 resistance zone and the 200-day moving...

Read More »

Google-Suchanfragen für Bitcoin sind in den letzten Wochen um 27% gestiegen

Google Trends ist ein kostenloses Tool von Google, mit dem man die Beliebtheit von Suchanfragen im Laufe der Zeit und in verschiedenen Regionen analysieren kann. Es zeigt grafisch, wie oft bestimmte Begriffe bei Google gesucht wurden. Obwohl der Bitcoin-Preis in den letzten Tagen ziemlich unter Durck geriet, scheint das Interesse an Bitcoin ununterbrochen hoch zu sein: Google-Suchanfragen für bitcoin sind in den letzten Wochen um 27% gestiegen....

Read More »

LazyBear Secures 4 Million USDT in Strategic Financing to Revolutionize Crypto Trading

[PRESS RELEASE – Dubai, UAE, April 29th, 2024] LazyBear, a low-fee crypto trading ecosystem aimed at retail traders, has announced the successful completion of its strategic financing round. This round has raised a significant sum from investors and strategic partners. The investment, totaling 4 million USDT, positions LazyBear for accelerated growth and innovation in the crypto market. Participated investors and strategic partners include industry leaders and participants...

Read More »