Tether (USDT)

Recent data revealed that the number of Tether (USDT) transfers to cryptocurrency exchanges had reached an all-time high. Interestingly, this preceded the latest price increases within the cryptocurrency market.USDT Goes To ExchangesAccording to the data provided from the monitoring resource company, GlassNode, the number of Tether transfers to exchanges has been surging in the past few weeks. The deposits, measured by a 7-day simple moving average (SMA), recently reached a fresh ATH.Number...

Tether stablecoin owned by Bitfinex has announced the decision to integrate with a newly-launched OMG plasma network that is a plasma-based Ethereum sidechain.With gas costs on the Ethereum network prone to spikes due to congestion, Tether the stablecoin owned by Bitfinex, has announced an integration with the recently-launched OMG plasma network. This enables cheaper and faster transactions and higher reaction time for traders who mostly use the stablecoin in trades.According to a recent...

Ripple’s Xumm banking app that will be soon available for mass adoption is more than an ordinary digital asset wallet as it offers a wide array of functionalities both to retailers and developers.In its pace to widen and strengthen XRP utility, Ripple Labs announced that its Xumm banking app will soon be ready for mass adoption. After releasing the XRP first-quarter report, Ripple announced that it will significantly cut its periodic XRP sales to focus on the asset utility. True to its word,...

XRP saw a 1.5% price drop over the past week as the bulls failed to defend the $0.2 level, and failed to close above over the past three consecutive daily candlesAgainst Bitcoin, XRP continues its recovery attempt from the 2-year lows as it edges toward the 2200 SAT levelKey Support & Resistance LevelsXRP/USD:Support: $0.192, $0.18, $0.175.Resistance: $0.207, $0.215, $0.225.XRP/BTC:Support: 2100 SAT, 2070 SAT, 2022 SAT.Resistance: 2200 SAT, 2300 SAT, 2360 SAT.XRP/USD: XRP Losing The $0.2...

Upon printing billions of fresh USDT in the past few months, the most widely adopted stablecoin has become the third-largest cryptocurrency by market cap. Tether has now surpassed Ripple (XRP) with its nearly $9 billion market capitalization.In the meantime, Ripple, which was among the top three cryptocurrencies for the past years, had seen its market cap continuously dropping. Earlier this month, Ripple recorded its lowest 2-year price against Bitcoin.Tether Surpassing Ripple By Market Cap....

Blockchain.com’s new interest-bearing accounts will support only Bitcoin at the outset, offering up to 4.5% annual interest on users’ deposits. But the team said that it is working on adding other assets like ETH and USDT in the future.Crypto wallet and services provider Blockchain.com said it is rolling out interest-bearing accounts. In that way it will enable its clients to earn yields on their Bitcoin deposits.Founded in 2011, Blockchain.com is best known for its Bitcoin blockchain...

Bitcoin’s price saw a sudden vicious flash crash on one of the most popular cryptocurrency exchanges – Bitstamp. The price lost upwards of $600 in a single candle that lasted less than a minute.Bitcoin Price Flash Crashes To $9,100 On BitstampThere are no boring days with Bitcoin. Just a few minutes ago, the price of the world’s leading cryptocurrency flash crashed on the popular exchange Bitstamp.The move was sudden and brutal, as seen in the chart below.BTC/USDT. 1 minute. Bitstamp. Source:...

Ethereum price gained traction above the $210 and $212 levels against the US Dollar.ETH price is still struggling to gain momentum above the $217 and $220 resistance levels.There is a key bullish trend line forming with support near $204 on the 4-hours chart (data feed from Coinbase).The pair is likely to continue higher above $220 as long as it is above the $204 support.Ethereum price is trading in a positive zone above $200 and $204 against the US Dollar. ETH/USD must surpass the $220...

Bitcoin took another shot at $10,000 today as its price reached $9,960 on Binance. However, unlike the previous times, altcoins are looking to regain their strength as they managed to chip more than 1% of BTC’s dominance in the past few days.Bitcoin Price Takes Another Swing At $10,000Volatility doesn’t seem to fade in the crypto market as Bitcoin made another attempt to reach the coveted $10,000 mark less than a couple of hours ago.The price reached $9,960 on Binance before retracing to...

Leading cryptocurrency exchange Binance is rolling out new leverage products called “Binance Leverage Tokens (BLVT),” two months after delisting FTX’s Leveraged Tokens.Binance Leveraged Tokens – BTCUP and BTCDOWNLeveraged tokens are designed to give traders exposure to the crypto markets without the nitty-gritty that comes with managing a leveraged position.Launching this week, the exchange will list the first pair of the Binance Leveraged Tokens – BTCUP and BTCDOWN – on May 14, for trades in...