Tether (USDT)

Ripple’s price has shown bullish movement in recent weeks. However, there is a notable resistance level that needs to be overcome before a more sustained rally can be anticipated. Technical Analysis By: Edris XRP/USDT Daily Chart: XRP has displayed a consistent upward trend after being rejected from the 200-day moving average of around $0.4. Additionally, it has surpassed the 50-day moving average of around $0.45 and appears to be targeting the resistance zone at $0.6 in the...

Tether (USDT), the world’s largest stablecoin, achieved a groundbreaking milestone by surpassing its previous all-time high market cap of $83.2 billion, a record set back in May 2022. This remarkable feat further cements Tether’s unrivaled dominance in the rapidly expanding stablecoin market, which currently totals an astonishing $130 billion, with USDT’s market cap surpassing the combined value of its closest competitors. USDT Breaks 2022 Market Cap ATH According to a blog...

USDT has become the most traded stablecoin, especially after the de-pegging of Circle’s USD Coin (USDC) earlier this year.  United States-dollar-backed stablecoin Tether (USDT) has hit an all-time high in its market capitalization based on existing market data. The new milestone has helped Tether exceed its previously set all-time high of $83.2 billion which was announced back in May 2022. USDT is currently the third largest cryptocurrency by market cap which at the time of writing is...

Tether – the issuer of stablecoin USDT – announced expanding its presence in Georgia with an investment in a payment processing company called, CityPay.io. The move is deemed as an “important milestone” for the payment processing industry benefiting customers across Georgia and CIS. According to the official blog post, Tether aims to bring greater efficiency and convenience to the payment industry in Georgia with the latest investment. Commenting on the development, Paolo...

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...