Tether, the issuer of the ubiquitous USDT stablecoin, cemented its dominance in 2023, ballooning its market share to a staggering 71%. This explosive growth, however, comes with a chilling undercurrent: a United Nations report linking USDT to a surge in cybercrime and money laundering in Southeast Asia. Glassnode data paints a stark picture of Tether’s […]
New data from a cybersecurity firm reveals that recent phishing scams over smart contract platform Solana (SOL) have stolen over $4 million in crypto assets. In a new blog post, security firm Scam Sniffer says that in the past month alone, bad actors were able to exploit $4.17 million worth of digital assets from about […]
Despite the United States Securities and Exchange Commission (SEC) granting approval for Spot Bitcoin ETFs, TD Cowen, a prominent American investment bank and financial service firm, foresees potential delays in the approval process of Ethereum Spot ETFs. Ethereum Spot ETF Faces Potential Hold-Up TD Cowen, an investment bank and financial service division of TD Securities […]
Bitcoin miner Hut 8 has secured an additional $15 million from a subsidiary of the United States-based cryptocurrency exchange, Coinbase, according to a Jan. 12 statement. The miner revealed that the new deal represents an amendment and restatement of its previous $50 million credit facility with the cryptocurrency trading platform, bringing its cumulative credit portfolio […]
Traders in the crypto realm are watching Chainlink (LINK) with bated breath as the price coils up near the $16 mark, hinting at a possible break out towards $17, or even $20 given the right conditions this week. Since November, LINK has been consolidating between $13.00 and $17.00, exhibiting classic market cycle behavior that presents […]
A widely followed crypto analyst believes that altcoins are about to take center stage as Bitcoin (BTC) enters a period of consolidation. Analyst Michaël van de Poppe tells his 684,700 followers on the social media platform X that the approval of spot Bitcoin exchange-traded funds (ETFs) might mean that BTC has already printed a short-term […]
Crypto analyst Michaël Van De Poppe recently made a bullish prediction for the Ethereum price against Bitcoin in the near future, noting the path for this to happen. According to a social media post by the analyst, price action on the ETH/BTC pair for the next months will center around spot Bitcoin ETFs, with a […]
Bitcoin had a surprisingly underwhelming price performance over the past week despite the United States Securities and Exchange Commission (SEC) approving the trading of spot BTC ETFs. The price of the flagship cryptocurrency almost broke into $49,000 at the peak of this positive news but has since retraced back below $43,000. Ali Martinez, a popular […]
A closely followed crypto strategist believes that a decentralized exchange (DEX) altcoin is flashing signs that it could be about to take off on a bullish rally. The trader Ali Martinez tells his 40,400 followers on the social media platform X that GMX looks primed to break out from an inverse head-and-shoulders pattern, a technical […]
A spot XRP ETF could appear in the next few months. XRP was overbought but shorts risk liquidation still. Like many altcoins, the price of Ripple [XRP] went in the upward direction after the SEC approved the spot Bitcoin [BTC] ETFs. On the 11th of January XRP crossed $0.60. This was the first time XRP […]
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