As Tether marks its tenth anniversary, the company reflects on a decade that has significantly shaped the landscape of digital assets. Pioneering the stablecoin sector, Tether introduced USDT, which has become an invaluable resource for individuals in economically challenged nations such as Turkey, Argentina, and Brazil. By rolling out the documentary titled “Stability and Freedom
Crypto
The cryptocurrency landscape has faced significant upheaval in recent years, particularly following high-profile collapses of major exchanges. Among these, FTX and its affiliate Alameda Research have emerged at the forefront of regulatory scrutiny, facing a staggering total of $12.7 billion in sanctions. This penalization marks the largest collective enforcement action within the cryptocurrency realm, exemplifying
The recent charges against three cryptocurrency companies and 15 individuals reveal an alarming intertwining of technology and deceit in the swiftly evolving digital marketplace. Spearheaded by the US Federal Bureau of Investigation (FBI), this extensive probe unveils a web of fraud and market manipulation that could shake the foundation of trust in the crypto sphere.
After a tumultuous period, the cryptocurrency market has shown signs of stabilization over the last day, with total market capitalization hovering around $2.29 trillion. This figure indicates that the market has found a delicate balance following significant price swings experienced earlier in the week. Such price stabilization is particularly common during weekends, where trading volumes
Bitcoin, the pioneering cryptocurrency, has recently crossed a significant psychological barrier by soaring past the $63,000 mark. At its peak, the digital asset reached an impressive high of $63,400 before settling at around $62,700. This fluctuation reflects a substantial 4% increase within a 24-hour period, indicating a notable rebound in a sector that has been
The realm of cryptocurrencies is witnessing an impressive uptick in stablecoin dynamics, with notable implications for the overall market. Recently, a report indicated that the combined market cap of leading USD-backed stablecoins has soared to $169 billion—a staggering increase of 31%, or $40 billion, since the year’s onset. This growth trend signals a revitalized liquidity
In a dramatic twist of fate, David Kagel, an 86-year-old former attorney, finds himself enduring the repercussions of orchestrating a multimillion-dollar Ponzi scheme that rippled through the cryptocurrency market. His sentencing on October 8 in a Las Vegas federal court serves as a resounding reminder of the potential for corruption even among those who are
On Friday, October 11, a significant number of Bitcoin options contracts, totaling approximately 18,800, will reach expiration. This batch possesses a combined notional value of about $1.1 billion, which represents substantial activity in the crypto derivatives market. Notably, this week’s expiry mirrors that of the previous week, revealing a trend characterized by dwindling implied volatility
In recent weeks, Shiba Inu (SHIB) has experienced a significant downturn, with its market value dropping approximately 13% as of the latest data from CoinGecko. This decline can largely be attributed to a wave of negative sentiment circulating on platforms such as Telegram, where discussions surrounding SHIB have become increasingly pessimistic. Notably, recent statistics indicate
Cryptocurrency exchanges are continuously evolving to meet market demands, and Binance is no exception. On October 11, 2023, Binance announced the expansion of its trading options by introducing trading bot services for PEPE/FDUSD, SUI/FDUSD, and EIGEN/TRY pairs. While these developments may seem promising, a closer examination reveals a blend of strategic enhancements and operational challenges
