Tether (USDT)

Ripple (XRP) is the 5th largest crypto by market cap behind BTC, ETH, USDT, and BNB. In mid-October 2023, Ripple had a market capitalization of $26.6 billion. XRP price began to rally again in mid-October after six months of hardly moving (other than a July spike that lasted about a few weeks). Here are six major XRP price factors moving forward: 1. Tailwind: SEC Drops Charges Against Ripple Executives Ripple tokens jumped to 6% gains on the 7-day window Thursday after...

TL;DR BitMEX is delisting ten perpetual swap contracts, including FLOKI/USD and FLOKI/USDT, due to “insufficient trading interest.” Despite the delisting, Floki Inu’s (FLOKI) price increased by around 3% in the past 24 hours, outperforming other major memecoins like Dogecoin and Shiba Inu. Floki Inu is among many memecoins in the market, known for their high volatility; investors are cautioned about potential risks due to some having minimal real-world use cases. FLOKI Takes...

Matrixport’s analysis suggests that if Tether’s (USDT) market cap increases by $24 billion, acting as a proxy for potential ETF inflows, Bitcoin’s price could rise to $42,000, representing a conservative estimate. A recent report from the crypto financial services platform Matrixport suggests that the approval of BlackRock’s Bitcoin Exchange Traded Fund (ETF) could propel the price of Bitcoin (BTC) to the range of $42,000 to $56,000. The Impact of BlackRock’s ETF Approval on BTC Price...

The EOS Network Foundation has described v0.6.0 as a “game-changer” on account of it offering “a rejuvenated DeFi experience, robust technical upgrades, and trustless USDT bridging”. The EOS EVM, the virtual machine that allows Solidity dapps to run on EOS, has just had its biggest upgrade yet. v0.6.0 has been deployed on mainnet, and it brings the EOS EVM closer to providing the sort of DeFi experience its developers always envisioned. There’s a lot to unpack in the release notes for...

Zero-transfer phishing scams have continued to plague the crypto space, with bad actors siphoning millions of digital assets from unsuspecting victims. Blockchain analytics platform Bitrace revealed that the damage scale for zero-transfer phishing scams has increased significantly, with market participants losing more than 451 million Tether (USDT) on the Tron network. Investors Lose $451M USDT to Phishing on Tron Zero-transfer phishing is a new scamming technique that allows...

Conor Grogan, a director at Coinbase, recently took to X to point out that on-chain data reveals that Alameda Research minted 39.55 billion USDT tokens. This figure represents 47% of the current circulating supply of Tether. Alameda Research’s Role in USDT Minting In a recent revelation, Conor Grogan took to social media to share insights into the issuance of Tether (USDT). According to on-chain data, Alameda Research, a crypto investment firm, minted 39.55 billion USDT...

iFinex, the owner of popular cryptocurrency exchange network BitFinex and collaborator with Tether Holdings Ltd, reportedly unveiled a $150 million share buyback plan. This new announcement marks a significant milestone for the company’s growth, history, and efforts to make amends for its tainted history. The $150 Million Share Buyback Plan As per the reports, iFinex has offered a $10 per share buyback price for 15 million shares, representing only 9% of the network’s...

TL;DR Binance will delist 12 liquidity pools, including XRP/BUSD, from Binance Liquid Swap on October 17, with assets moved to users’ Spot wallets. The move aims to improve liquidity and transaction prices; it has no effect on Binance Spot trading. XRP’s price has seen a decline possibly linked to the delisting. Earlier, Binance removed 19 pairs, predominantly with BUSD, aligning with plans to discontinue BUSD support next year. Binance Removing 12 Trading Pairs The world’s...

The proposal outlines a deal that encompasses roughly 9% of iFinex’s outstanding capital and assigns a value of $1.7 billion to the company. As per the latest report, the parent firm of the Bitfinex exchange – iFinex Inc – has started exploring a $150 million share buyback, as per the letter written to shareholders on September 22. The directors of iFinex have proposed an offer of $10 per share for 15 million shares. The document notes that a group of directors within iFinex and its...

In a bid to showcase how serious the Neutron project has become, more than 190 million ATOM tokens have been staked through the CosmWasm platform. Leading cryptocurrency exchange by Bitcoin balance and registered global users with KYC, Binance, has announced that Neutron (NTRN), a cross-chain smart-contracting platform, will be available for spot and margin trading with a seed tag. According to the announcement, the NTRN token spot trading will be available for select Binance users...