Tether (USDT)

In a week that saw Bitcoin surging to an impressive $42,000, Tether, the company behind the world’s largest stablecoin, witnessed a substantial increase in the value of its BTC holdings, resulting in a staggering unrealized profit of over $1 billion. Since May 2023, Tether has amassed 4,083 BTC. Tether’s Bitcoin Holdings Soar According to data compiled by crypto analyst EmberCN, Tether currently holds an impressive 57,576 BTC, equivalent to approximately $2.4 billion. The...

Ripple’s price has been moving sideways against USDT while plunging against BTC. Things are looking interesting on both charts at the moment. Technical Analysis By TradingRage XRP/USDT Price Analysis Against USDT, the XRP price has been consolidating above the $0.6 support level, failing to either break below or rebound to the upside. The relative strength index has also been hovering around the 50% mark, indicating that the momentum is neither bullish nor bearish. In case a...

Issued natively on the Ethereum and BNB Chain, AEUR intends to add support for more blockchains in the near future. Binance, the world’s largest crypto exchange by trading volume, has announced the launch of Anchored Coins EUR (AEUR) stablecoin. According to the announcement, users may begin trading the new stablecoin on its platform today by 10:00 (UTC). For a start, however, only four trading pairs will be supported. They are AEUR/USDT, BTC/AEUR, ETH/AEUR, and EUR/AEUR. As Binance...

The Polygon community is looking forward to several community updates announced for this year, beginning with the Connect event in India. Polygon cofounder Sandeep Nailwal has shared a few updates the Polygon community should expect as the year comes to an end. In a post on X (formerly Twitter), Nailwal promised the community “exciting days ahead”. Polygon fam, as we approach the year end, some exciting days ahead for us. Save the dates. 7/12/23 : At Polygon Connect, We bring in an...

Technical Analysis By TradingRage Ripple’s price has been experiencing a pullback on both the USDT and BTC pairs over the last few weeks. Yet, the market might begin another bullish move soon, as the price is currently at strong support levels. The USDT Paired Chart On the USDT paired chart, the price has been on the decline over the recent weeks after it failed to move past the $0.7 mark. The $0.6 support level is currently preventing the price from dropping lower. Yet,...

Ethereum price started a downside correction from the $2,135 resistance against the US Dollar. ETH price is now trading below $2,050 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support at $1,975 on the 4-hour chart (data feed from Coinbase). The pair could continue to move down if it breaks the $1,975 support zone. Ethereum price is declining below $2,050 against the US Dollar. ETH/USD remains at a risk of more...

Der grösste Stablecoin-Emittent Tether diversifiziert seine Einnahmequellen weiter, indem er Bitcoin-Mining-Anlagen in Uruguay, Paraguay und El Salvador baut und in bestehende Anlagen investiert. Mit einer Leistung von 40 bis 70 Megawatt pro Anlage strebt Tether an, in Zukunft für 1 Prozent der Rechenleistung des gesamten Bitcoin-Netzwerks verantwortlich zu sei. Um die Erfolgsquote dieses Vorhabens zu beurteilen, müssen wir Vergleiche mit den...

Alongside the traditional trading competition, Binance futures participants can engage in a Copy Trading Competition and a Trading Bots Competition. On Monday, September 27, Binance Futures, the leading crypto derivatives exchange globally, has unveiled the highly anticipated Binance Futures Grand Trading Tournament. Boasting the largest prize pool in the tournament’s history, participants have the chance to compete for up to $2 million in USDT. In an exciting development, this edition of...

In response to a New York Freedom of Information Law (FOIL) request initiated by Coindesk, Tether and Bitfinex announced dropping their opposition. According to the official blog post on November 24th, the decision underscored the companies’ “commitment to transparency” within the crypto sector, which aligns with the broader intention to maintain a balanced approach to document release. While emphasizing the core principle of transparency, Tether and Bitfinex, in a joint...

Polygon will help Lugano achieve its goals by providing rails to facilitate some of the transactions. Lugano, one of the most popular tourist destinations in Switzerland, has embraced the Polygon network, a Layer 2 scaling solution built on the Ethereum ecosystem to accelerate its crypto evolution. In an announcement on November 22, Polygon said the crypto-friendly Swiss city has upgraded its payment platform MyLugano by integrating its Proof-of-Stake (PoS) network to make payments more...