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Circle, the issuer of the second-largest stablecoin, has urged the U.S. Treasury Department to investigate its competitor, Tether. Treasury’s Authority Questioned Circle’s senior director, Caroline Hill, testified before Congress that Tether’s connection to the U.S. financial system through Cantor Fitzgerald gives the Treasury authority to take action. Tether’s Reputation and Alleged Malign Activities Hill cited…
Massive Security Failure Tens of thousands of Bank of America customers are facing the risk of identity theft after a major data breach. The breach occurred due to a failure at Infosys McCamish Systems (IMS), a vendor used by the bank. Sensitive Data Exposed The breach affected a deferred compensation plan, exposing a range of…
A prominent crypto trader, The Flow Horse, is optimistic about a specific Solana-based memecoin, dogwifhat (WIF). He believes it could surge over 116% from its current value. Key Points The Flow Horse targets a price of $0.80 for WIF. He recommends buying WIF on intraday dips. Bitcoin’s price movements will influence altcoin trends. Bitcoin’s Influence…
A prominent crypto analyst, Altcoin Sherpa, believes that Fetch.ai (FET), an AI-focused project, could continue its upward trend for several months. FET’s Potential According to Sherpa, FET is approaching a resistance level but has the potential to “go much higher” in the coming months. He suggests that $0.76 could be a key resistance level, with…
Bullish Outlook Guy Turner, host of the Coin Bureau YouTube channel, believes that Avalanche (AVAX) has the potential to skyrocket in the next bull market. He attributes this optimism to the project’s focus on tokenizing real-world assets, which he sees as a major trend. Turner suggests that AVAX could surge by up to 600% from…
Tether’s Dominance Tether (USDT), the leading stablecoin, is approaching a major milestone: a $100 billion market cap. This reflects its stability, which has made it a popular choice for investors seeking a safe haven in the volatile crypto market. Financial Performance Tether’s financial health is strong, with recent reports showing $3 billion in profits. This…
Mark Marko, CEO of Morgan Creek Capital, believes the Bitcoin bull market is still in its early stages. Six-Figure Bitcoin By Mid-2023 In an interview, Marko predicted that Bitcoin could reach $150,000 by mid-2023. He based this on the cryptocurrency’s network effects and the number of users and miners. Fair Value and Speculation According to…
Coinbase, the biggest crypto exchange in the US, has donated $3.6 million to Brink, a non-profit that supports Bitcoin developers. Funds for Bitcoin Core Developers Brink announced the donation on Friday, February 16th. The money will go directly to engineers working on the Bitcoin network. The donation came from GiveCrypto, a Coinbase initiative that gave…
Charges The SEC has fined VanEck Associates $1.7 million for failing to disclose an influencer’s involvement in the launch of its Spot Bitcoin ETF. The SEC alleges that VanEck knew about the influencer’s role and offered a licensing fee structure that incentivized the influencer’s promotion. Omission VanEck failed to inform the ETF board about the…
Yuga Labs, the company behind the popular Bored Ape Yacht Club (BAYC) NFT collection, has acquired PROOF, an NFT development firm. This deal gives Yuga Labs control of all PROOF’s assets, including the Moonbirds NFT collection. Yuga Labs to Integrate Moonbirds into Metaverse Project In a blog post, Yuga Labs announced that it plans to…
