Tether, the dollar-pegged stablecoin, has experienced a significant surge in total assets over the past six years, now nearing $100 billion. With $95.2 billion in total assets, Tether’s market capitalization has grown exponentially by 6,560% since the beginning of 2018. This astonishing growth has caught the attention of investors and experts, including Gabor Gurbacs, a
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The cryptocurrency market experienced a sudden and significant selloff, resulting in the loss of almost $200 billion in market value. Speculation surrounding potential denials of Bitcoin exchange-traded fund (ETF) approvals by the SEC sparked this downward spiral. However, amidst the chaos, there may be an opportunity for dip buyers to finally enter the market. At
Solana, a cryptocurrency that has gained significant traction in recent weeks, has captured the attention of investors with its remarkable growth. Over the past year, the digital asset has soared by an astounding 775%, making it one of the hottest cryptocurrencies on the market. As a result, various tokens built on the Solana blockchain have
Sorare, the popular fantasy football game that utilizes blockchain technology, has recently introduced a new feature called Manager ID. This innovative addition aims to elevate the experience of Sorare users by representing a player’s achievements and status within the Sorare community. Unlike a traditional profile, the Manager ID combines visual elements that symbolize a player’s
The crypto market is no stranger to the rise and fall of meme tokens, and BLOB is the latest addition to this volatile trend. In a matter of hours, BLOB experienced a staggering surge of up to 7,000%, capturing the attention of traders hoping to ride the wave of quick gains. However, as quickly as
The crypto exchange Binance experienced a significant decline in market share in the past year, dropping to 44.5%. This decline comes after a period of rapid growth for Binance, where its market share reached a peak of 60% in 2022. However, regulatory hurdles and legal actions in various jurisdictions, particularly in the United States, have
Cardano (ADA) has witnessed a remarkable climb in 2023, with a surge of over 150%, reaching a new yearly high of $0.67. The cryptocurrency’s upward trajectory aligns with the exponential growth of the Cardano ecosystem, particularly the decentralized exchange (DEX) Minswap, which has experienced a staggering 26,000% gain and attracted a significant influx of new
The price of Filecoin (FIL) has experienced a drop of up to 4% in the past 24 hours, falling to $7.48. This decline is in line with the broader cryptocurrency market, which has seen a 1% decrease today. However, despite this short-term dip, FIL has shown impressive long-term growth. Over the past week, it has
Ever since the emergence of Ripple’s XRP, there has been ongoing debate and speculation surrounding the relationship between the company’s buybacks and the impact on the cryptocurrency’s price. The community has expressed concerns about Ripple’s strategy of purchasing more XRP, instead of distributing the existing holdings. This article aims to delve into the intricacies of
Crypto exchange OKX recently announced that it will be implementing new requirements in order to comply with the rules set by the UK Financial Conduct Authority (FCA). These requirements will affect users in the United Kingdom, and it is important to understand the implications of these changes. Starting on January 8th, OKX users in the
