Bitcoin took a tumble in early October, dropping to around $60,000. But don’t worry, it’s not all doom and gloom. Data shows that the price drop was mainly driven by short-term holders selling off their coins. Short-Term Holders Cash Out Looking at the data, we see a clear pattern: whenever Bitcoin dips, short-term holders tend…
Tether, the company behind the popular stablecoin USDT, celebrated its 10th anniversary. In a recent interview, CEO Paolo Ardoino addressed concerns about the company’s transparency and outlined plans for the future. Fighting Back Against Criticism Tether has faced criticism over its alleged involvement in illicit finance, including money laundering and ransomware payments. Ardoino acknowledged that…
Toncoin, a cryptocurrency, has seen a massive increase in users, with over 100 million addresses now holding the coin. This represents a staggering 2,225% growth since the beginning of 2024. What’s Driving the Growth? The number of Toncoin holders has been steadily increasing over the past few years, but this year has seen an explosion…
A group of residents in Granbury, Texas, are fed up with the noise from a nearby Bitcoin mining facility. They’ve filed a lawsuit against Marathon Digital Holdings, the company running the facility, claiming the constant noise and vibrations are making their lives miserable. The Noise is Unbearable The residents say the mining facility, located near…
Good News for Bitcoin? Analysts at K33 Research believe that the recent developments in the FTX bankruptcy case could be good news for Bitcoin. They think that the payments to FTX creditors could help Bitcoin stay strong in the last quarter of 2024. FTX Reorganization Plan Approved A judge in Delaware recently approved the plan…
Aptos, a layer-1 blockchain project, is on the verge of becoming a mainstream hit, according to its co-founder. Mo Shaikh, Aptos CEO, believes the network’s speed makes it perfect for payments, and their new cold storage wallet card could make crypto payments even more popular. Faster Than You Think Shaikh compares Aptos to tech giants…
21Shares, a big name in crypto investments, is pushing for clearer rules in Europe so people can invest in crypto more easily. The Problem: Currently, different European countries have different rules about crypto investments. This makes it confusing for investors and could leave them vulnerable. Some countries allow crypto investments, while others don’t. 21Shares’ Solution:…
A California businesswoman, Phi Dang, is out $14,000 after a con artist allegedly used chemicals to alter a check she sent. Dang mailed a check for $14,000 and her bank statement showed it had been cashed. But when she looked at an image of the check online, she noticed the payee’s name had been changed….
Tether’s USDT, a popular stablecoin pegged to the US dollar, is experiencing some unusual activity. Since late September, USDT has been trading below its dollar value. This is unusual for stablecoins, which are designed to maintain a 1:1 ratio with their underlying asset. What’s going on? Experts believe that Chinese investors are rushing back to…
Bitcoin had a rough start to October, dropping 10% from $66,000 to $60,000. This dampened the “Uptober” hopes, but the weekend brought a welcome change. Bitcoin is back in the green, and this could be good news for the long-term outlook. Is This the Bottom? Crypto trader @0xjaypeg believes the initial dip wasn’t necessarily bad….
