Tether (USDT)

Die Marktkapitalisierung von Bitcoin macht 46,40 Prozent des gesamten Marktes aus. Kryptowährungen haben an Popularität gewonnen. Im Mai 2023 sind 9’182 verschiedene Währungen verfügbar. Bitcoin bleibt die beliebteste, gefolgt von Ethereum. Eine Studie hat herausgefunden, dass die gesamte Marktkapitalisierung für Kryptowährungen 1,14 Billionen Dollar beträgt, wobei Bitcoin mit 46,40 % dominiert. Die Akzeptanz variiert weltweit, wobei Deutschland...

The Securities and Exchange Commission (SEC) announced on Tuesday that ex-Coinbase manager Ishan Wahi and his brother, Nikhil Wahi, agreed to settle charges for insider trading using knowledge from the exchange.  The former has been forced to forfeit 10.97 ETH ($20,848.92) and 9,440 USDT, while the latter was made to forfeit $$892,500. The End of Crypto’s First Insider Trading Case According to the SEC’s press release, the brothers’ fines represent penalties for disgorgement...

Following increased regulatory action from the SEC and other local and global watchdogs, members of the crypto community have been worrying about the industry’s future relationship with the banking sector. Pivot to Europe in The Cards The restlessness surrounding future crypto regulation was amplified following the collapse of both Signature Bank and Silvergate Bank, both of which supplied much of the infrastructure needed to keep the crypto world tethered to the banking...

Seychelles-based cryptocurrency exchange OKX published its seventh proof-of-reserves (PoR) report in line with efforts to push the new industry standard of transparency and trust within the crypto community. The new report shows that OKX has reserves of $10 billion in bitcoin (BTC), ether (ETH), Tether (USDT), and other assets. OKX Releases Seventh PoR Report The audit, which was concluded on May 19, 2023, shows that OKX’s current reserve ratios are 103% for BTC, 103% for...

The European Systemic Risk Board (ESRB) published a report on Thursday outlining the top 3 nightmare scenarios in which a crypto industry crisis could bleed in and pose “systemic risk” to the broader financial system.  The top risk listed is a potential run on a “large reserve-backed stablecoin,” such as Tether (USDT) or USD Coin (USDC).  Crypto’s Connection to TradFi In its 77-page report, the ESRB argued that as the volatile crypto industry grows, so too does its connection...

Fintoch, a decentralized finance (DeFi) protocol that offers peer-to-peer (P2P) lending and investment services, has absconded with $31.6 million in cryptocurrencies belonging to investors in an apparent exit scam. Multiple tweets from Fintoch users complaining about being unable to withdraw their assets were seen on Twitter earlier today, confirming suspicions that the platform had vanished with investors’ funds. Fintoch Rug Pulls Users Famous Web3 expert and on-chain...

Strike – a Bitcoin payments company and remittance app – announced the integration of the world’s largest stablecoin, Tether’s USDT. The latest move comes on the heels of Strike’s expansion into 65 additional countries and USDT-supported new app design, which was announced at Bitcoin 2023. Strike-Tether Integration The integration aims to address key challenges hindering the widespread acceptance of the industry, including the volatility aspect of crypto-assets. As such,...

Ripple’s price is finally showing some bullishness following 4 weeks of downward movement. However, there are still some concerning signs on the charts. Technical Analysis By: Edris XRP/USDT Daily Chart The price has rebounded from the $0.43 support level, with the key 200-day moving average located around the same level. Currently, the 50-day moving average is being tested around the $0.47 mark, but XRP has yet to break above. If a bullish breakout were to occur, a rally...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up The price of bitcoin rose to $30,000 in mid-April for the first time since June of last year. The asset is now up roughly $14,000 from where it was at the end of 2022, which was arguably the worst year on record for the world’s number one digital asset by market cap. Bitcoin Just Keeps Shooting Up Of course,...

Stablecoin issuer Tether has announced plans to purchase Bitcoin with 15% of realized operating profits routinely. Tether International Limited (Tether) seeks to further consolidate its reserves by purchasing Bitcoin (BTC) with its operating profits. An official post states that beginning this month, the stablecoin company will regularly allocate up to 15% of its realized net operating gains toward BTC purchases. The report also states that Tether does not see current and future BTC...