Tether (USDT)

Stablecoins are often viewed as assets that pose systematic risks to the financial market. However, these pegged tokens have become the most popular category among investors amid adverse market conditions. QuickNode’s latest on-chain report revealed a notable surge in stablecoin activity across blockchain networks. Stablecoins saw a 45% growth in active addresses and a 41% increase in transactions between the first and third quarters. Contrastingly, DeFi experienced...

Technical Analysis By TradingRage Ripple has been demonstrating bullish price action against both USDT and BTC recently. Investors are once again looking optimistic about the short-term future. Yet, some signs suggest that a pullback or consolidation might be on the horizon. The USDT Paired Chart Against USDT, the price has been on a consistent rise since a rebound from the $0.5 level earlier in October. The 50-day and 200-day moving averages were also broken to the upside,...

Europe’s leading Bitcoin miner and data cloud provider – Northern Data – announced securing EUR 575 million (worth over $609 million) debt financing facility from stablecoin issuer, Tether after entering into a loan agreement. The facility, operating under standard market conditions, is unsecured and set to mature on January 1, 2030, and is expected to allow Northern Data Group to make further investments across its three business lines Taiga Cloud, Ardent Data Centers, and...

[PRESS RELEASE – Georgetown, Cayman Islands, November 2nd, 2023] Injective, a Cosmos Layer-1 blockchain designed to power next-generation DeFi applications, has selected the Kava Chain’s Native USDT for their Perps trading. The Kava Chain is a secure, lightning-fast Layer-1 blockchain that combines the developer power of Ethereum with the speed and interoperability of Cosmos. This collaboration is poised to bring significant benefits to users of both platforms, signaling that...

Ripple’s price is continuing its bullish momentum while also experiencing a rebound against BTC. Things are beginning to look positive for XRP. Technical Analysis By TradingRage The USDT Paired Chart Against USDT, the price has been rallying over the last few weeks. Both the 50-day and 200-day moving averages have been broken to the upside, and the price is now piercing through the $0.6 resistance level. The relative strength index has also been rising recently, entering the...

Taiwan’s law enforcement agencies busted what could be the largest cryptocurrency-related money laundering case in the region, involving 324.2 million USDT. The Criminal Bureau’s Electronic Investigation Team of Taiwan has confiscated numerous pieces of evidence, including a Lamborghini, a LEXUS LM, three high-end timepieces, work-related mobile phones, and narcotics. Taiwan’s Biggest Ever Crypto Bust According to a statement from the criminal investigation bureau of the...

The creator of the second largest stablecoin USDC with a market cap of about $24.7 billion announced that it will support only business institutional accounts. In a strategic move to review its relations with customers, Circle, a leading and regulated stablecoin issuer, informed its individual account holders that they will not be serviced by the end of this month. Circle wrote an email to its individual customers informing them to redeem their coins before November 30, as only...

OKX has released yet another monthly Proof of Reserves (PoR), which reveals that the Seychelles-registered cryptocurrency exchange is over-collateralized with $12.5 billion in primary assets backing user funds. The latest disclosure marks a full year of PoR reports beginning right after the collapse of FTX. OKX’s Proof of Reserves (PoR) encompasses 22 widely-used digital assets including Bitcoin, Ethereum, and Tether. It also indicated that the platform has consistently...

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Ethereum price started a downside correction from the $1,865 resistance against the US Dollar. ETH price is now trading above $1,750 and the 55 simple moving average (4 hours). There is a key contracting triangle forming with support near $1,785 on the 4-hour chart (data feed from Coinbase). The pair could continue to move down if it breaks the $1,785 support zone. Ethereum price is declining below $1,820 against the US Dollar. ETH/USD remains at a risk of more...