Tether (USDT)

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Ripple’s price has been consolidating in a tight range against the USD. However, against BTC, it has yet to manifest a significant move. Technical Analysis By: Edris XRP/USDT Daily Chart The price failed to break above the $0.43 resistance level and has been trapped in a tight range between the 50-day and 200-day moving average lines, located around the $0.38 and $0.4 levels, respectively. A breakout to the upside would likely lead to another test of the $0.43 level, with the...

[PRESS RELEASE – Singapore, Singapore, 21st February 2023] TCNH, a stablecoin pegged to offshore Chinese Yuan (CNH) with a pilot program allowing organizations to mint TCNH, announced that it is now available on Huobi, where users can trade it through the TCNH/USDT pair. Huobi is the first exchange to support TCNH after its launch. Apart from minting directly through TCNH’s official website after being verified as a whitelisted organization, users may also acquire TCNH tokens...

Ripple’s price action has been far from convincing lately, as the cryptocurrency has been rejected from a key resistance level against the USD. XRP is also in a downtrend on the BTC paired chart, making things worse. Technical Analysis By: Edris XRP/USDT Daily Chart: On the XRPUSDT chart’s daily timeframe, the price has been rejected from the $0.43 level multiple times and is currently oscillating between the 200-day and 50-day moving averages located around $0.395 and $0.385...

Tether Holdings Limited – the company behind the largest stablecoin USDT – revealed a net profit of around $700 million in the fourth quarter of 2022. It ended last year with excess reserves of $960 million and at least $67 million billion in consolidated total assets. Tether Remained Unfazed by the Bear Market Even though 2022 devastated the entire cryptocurrency sector, Tether’s net profits increased by over $700 million in Q4. It reduced its secured loans by $300 million...

The goal of the BNB Greenfield is to unleash the power of decentralized blockchain and storage technology on data ownership and data economy. Das Entwicklerteam des BNB-Netzwerkes hat mit „Greenfield“ die neueste Ergänzung seines Ökosystems vorgestellt. Ein neues Protokoll soll es Entwicklern und Nutzern ermöglichen, ihre Daten über ein dezentrales Netzwerk von Speicheranbietern zu hosten. Die Binance Coin (BNB), die native Währung von Binance, soll...

The Singapore-based cryptocurrency platform Juno announced that all services are “now up and running again.” It increased daily withdrawal limits at the beginning of the year and urged customers to transfer their holdings into self-custody wallets, citing issues with its previous custodian partner – Wyre.  Back on Track Juno temporarily halted cryptocurrency purchases on its platform in early January and auto-converted the stablecoins – USDC, USDT, mUSDC – to USD. It also...

XRP’s price has not yet shown any significant strength as it continues its struggle to surpass a critical resistance level over recent weeks. Things are not looking much better against BTC, with a major support level getting broken to the downside. Technical Analysis By: Edris XRP/USDT Daily Chart On the daily chart, the price has been consolidating in a tight range below the $0.43 resistance level for quite a while. The 200-day moving average, located around $0.4, has been...

2022 was not a great year for decentralized finance (DeFi). The industry saw implosion in itself thanks to the unsustainable high yields that eventually caused the model to collapse. But DeFi is far from dead. A similar sentiment was echoed by prominent Web3 developer Andre Cronje, who said he does not believe that high yields are “long gone” and that DeFi is seeing almost “zero growth.” DeFi Will Still Simply be DeFi At present, the real yields for ETH, USDT, DAI, and USDC...

Blockchain security firm PeckShield has disclosed a series of transfers from three addresses, including one from crypto exchange Bitfinex to Alameda Research’s consolidation wallet. According to Etherscan, the address labeled “Alameda Consolidation” received $13 million worth of crypto assets from three different wallets. The first belongs to the leading crypto exchange Bitfinex. It transferred approximately 6 million USDT and 1,545 ether (ETH), amounting to roughly $8.5...