CryptoNews

Tether Criticizes UN Report for Ignoring USDT’s Role in Helping Developing Economies

January 18, 2024
Tether, the issuer of the stablecoin USDT, has blasted the findings of a United Nations Office on Drugs and Crime study which ignore the stablecoin’s “role in helping developing economies in emerging markets.” According to Tether, the stablecoin’s use of public blockchains means every transaction is trackable, making it “an impractical choice for illicit activities.” Developing…
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Circle Report Shows USDC Navigating Challenging Waters in 2023

January 18, 2024
Despite a challenging 2023 with a substantial decline in circulating supply, a Circle report claims USDC emerges resilient, experiencing a surge in real-world applications and a decrease in speculative trading. A Resilient Year for USDC Amidst Market Shifts Circle, the…
CryptoNews

Bitcoin Technical Analysis: BTC Balances Above $42,000 Amidst Downtrend Signals

January 18, 2024
Bitcoin has been holding steady above the $42K zone and over the past hour, the leading crypto asset has changed hands for $42,425 to $42,597 on Wednesday morning around 9:30 a.m. Eastern Time. The digital currency’s market valuation on Jan. 17, 2024, is around $835 billion with $25.65 billion in global trades over the past day. Bitcoin Bitcoin’s 1-hour chart presents a scene of consolidation…
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Attempted Bitfinex Exploit for $15 Billion XRP Fails

January 17, 2024
Bitfinex’s security protocols came into the spotlight when a seemingly massive XRP transfer, initially causing alarm among crypto watchers, turned out to be a foiled exploit attempt. $15 Billion of XRP Transfer Attempt Fizzles Out A failed exploit attempt on cryptocurrency…
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TUSD's Stability Wavers — Value Fluctuates Below $1 Peg Amid Market Turbulence and Binance's Dominant Hold – Altcoins Bitcoin News

January 17, 2024
Market insights reveal that on Jan. 15, 2024, the stablecoin TUSD deviated from its usual $1 parity, dipping to $0.979 per coin the next day. By 10:00 a.m. Eastern Time (ET) on Tuesday, it managed to recover slightly, climbing above the $0.99 mark. TUSD Faces Unsteady Ground, Drops Under $1 Recently, TUSD experienced fluctuations, slipping below its $1 benchmark on Monday. That evening, its value…
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Elon Musk Still Owns 'a Bunch of Dogecoin' — Spacex Owns 'a Bunch of Bitcoin'

January 17, 2024
Tesla CEO and Spacex chief Elon Musk has revealed that he still owns “a bunch of dogecoin,” affirming his commitment to keep buying and supporting the meme cryptocurrency. Musk additionally revealed that his company Spacex still owns “a bunch of bitcoin.” Elon Musk, Tesla, and Spacex Maintain Crypto Holdings Tesla CEO Elon Musk has revealed that he still owns a bunch of meme cryptocurrency…
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