As Tether marks its tenth anniversary, it stands as a pivotal player in the world of stablecoins, heralding a period of significant innovation that has reshaped the digital asset sphere. Tether, best known for its USDT stablecoin, has not only bridged gaps within the crypto realm but has emerged as a critical tool for individuals
Crypto
The cryptocurrency industry has witnessed an unprecedented wave of regulatory scrutiny, particularly following the collapse of FTX and its affiliate, Alameda Research. Together, these entities have incurred a staggering $12.7 billion in settlements, making them the focus of the most substantial enforcement actions to date by U.S. regulators. This significant figure underscores a pivotal moment
In recent days, the cryptocurrency market has demonstrated a noticeable stabilizing trend, with its total capitalization resting at approximately $2.29 trillion. This figure is consistent with the previous day, indicating a period of relative calm following a more tumultuous week. Notably, Bitcoin, alongside many of the major altcoins, has experienced minimal volatility during this timeframe,
In a striking case that underscores the intricate relationship between crime and authority, Marat Tambiyev, a once-prominent investigator in Russia, has received a 16-year prison sentence due to his involvement in a significant bribery scandal. The sum? A staggering 1,032 bitcoins—equivalent to around $65 million at current market rates—received from the notorious Infraud Organization hacking
Today, Bitcoin has achieved a significant milestone by surpassing $63,000 for the first time in recent trading cycles, hitting a peak of approximately $63,400. While the price has since dipped slightly to around $62,700, the 4% increase within a 24-hour window highlights Bitcoin’s resilience and recovery in the face of market volatility. Notably, this performance
The cryptocurrency market is experiencing a transformative phase as stablecoin dynamics show remarkable growth. Recent analyses highlight how this surge in stablecoin liquidity is interlinked with the potential upward momentum for cryptocurrencies, particularly Bitcoin (BTC). According to insights from CryptoQuant, the combined market capitalization of leading USD-backed stablecoins has soared to an impressive $169 billion.
In a case that highlights the darker side of the rapidly evolving world of cryptocurrencies, 86-year-old David Kagel has been sentenced to serve five years of probation for orchestrating a Ponzi scheme that duped investors out of nearly $15 million. The details of the case, which unfolded in a Las Vegas federal court, are a
Options expiry events can be pivotal moments in the cryptocurrency markets. This upcoming Friday, October 11, approximately 18,800 Bitcoin options contracts will expire. With a combined notional value nearing $1.1 billion, these events have substantial implications for market participants. Options contracts provide traders with the ability to speculate on future price movements, but when they
In a recent development that highlights the dynamic nature of the cryptocurrency trading landscape, Binance, the world’s largest cryptocurrency exchange, has made noteworthy changes to its trading options. As of October 11, the platform has introduced trading bot services for three new currency pairs: PEPE/FDUSD, SUI/FDUSD, and EIGEN/TRY. This move not only signifies the exchange’s
Over the past two weeks, the Shiba Inu (SHIB) cryptocurrency has faced significant headwinds, experiencing a troubling decline of approximately 13%. This downturn is primarily attributed to negative sentiment gathering momentum on platforms such as Telegram, coupled with dwindling network activity. Despite a recent minor rebound, SHIB continues to grapple with instability. The current situation
