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Tether (USDT)

Ripple Price Analysis: XRP Bull Run Finally Here as Buyers Push to $0.70?

Ripple is considered far behind other major cryptocurrencies. While coins like BTC and ETH are rallying consistently, XRP has failed to do so. Yet, things might be about to change soon. Technical Analysis By TradingRage The USDT Paired Chart XRP has consolidated the price above the $0.6 level against USDT. It has also been retesting the 200-day moving average, around the $0.57 mark, multiple times during the last few weeks. Yet, the market is seemingly rebounding from these...

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Arthur Hayes Clarifies: Ethena’s Yield Mechanism Unique from Terra’s Collapsed UST Stablecoin

The stablecoin initiative USDe by Ethena Labs has seen notable adoption, with its market cap surging by over 40% in the last week and by 400% in the last month, reaching $840 million. Following the setback of the Terra ecosystem’s downfall, concerns have been raised within the community about the launch of USDe. However, Arthur Hayes is optimistic, seeing Ethena as the leading contender in the crypto space to deliver a synthetic USD based on a public blockchain. USDe is not...

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Important Binance Update Affecting Ripple (XRP) Traders

TL;DR Binance is set to introduce XRP/USDT options trading by the end of the week, aiming to improve trading experiences with competitive pricing. The company also adjusted its offerings by suspending Solana withdrawals, delisting several altcoins, and adding new assets to Binance Loans. The leading cryptocurrency exchange continues implementing amendments on its platform “to enhance users’ trading experience.” According to a recent announcement, Binance will launch XRP/USDT...

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Binance Halts Nigerian Naira Transactions, Compliance Concerns Intensify

Binance has announced its plans to halt its services involving the Nigerian Naira (NGN) due to heightened regulatory attention from authorities in Nigeria. The crypto exchange said that it will remove all current NGN pairs by Thursday, and any remaining NGN balances will be transformed into USDT by Friday. According to the official blog post, Binance will halt NGN withdrawals starting from March 8, following which, any remaining NGN balances in users’ Binance accounts will be...

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WSJ Parent Company Sued Over Tether, Bitfinex Article

At the beginning of last spring, the Wall Street Journal published an investigative article on Tether, Bitfinex, and related companies. The majority stake of both Tether and the Bitfinex exchange is owned by iFinex, a corporation established in the Virgin Islands. Controversial Article At the time, the Wall Street Journal claimed that the two companies, along with a slew of smaller shell firms related to the crypto businesses and their executives, employed shady methods in...

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Tether (USDT) Records New Milestone, Hits $100B Market Cap

Tether (USDT), the largest stablecoin by market capitalization, continues its growth by reaching a new milestone of $100 billion. Data from CoinGecko shows that the stablecoin recorded a market cap of $100.24 billion on Monday at 9:15 UTC before returning to levels below $99.7 billion. USDT Hits $100B Market Cap Tether’s new all-time high comes just two months after the digital asset surpassed the $90 billion mark. CryptoPotato reported in December that the surge past $90...

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