fbpx
Things just keep getting worse for the crypto asset known as XRP. After an extremely poor performance over the last two years, the latest crash across crypto has caused the stablecoin Tether market cap to “flipped” the previously third-ranked cryptocurrency, Ripple.Tether Unseats XRP As The Third-Ranked Cryptocurrency, Flippening Is OfficialXRP has earned itself a negative…
Crypto stablecoins continue to grow since Bitcoin‘s recent bottom, with the companies and consortiums behind each asset printing more supply almost as fast as the Fed prints more US dollars in an effort to save the economy.But what exactly does this mean for the overall cryptocurrency market, stablecoins, and Bitcoin?The Fed Fiat Printing Press is…
Even after the recent correction, the broad crypto market remains far above it did at the absolute lows of March. Data from CoinMarketCap, in fact, suggests that the aggregate of all cryptocurrencies is up to $196 billion as of the time of this article’s writing, 50% higher than the $129 billion low.This has been largely…
Tether’s USDT money printer is up and running again, and it could be a sign of what’s to come next for Bitcoin and the aggregated cryptocurrency market.It now appears that Tether has issued a whopping $161 million worth of USDT over the past 24-hours, putting the total number of new USDT issued over the past…
Bitcoin has spent the best part of this week in a declining channel as it grinds lower towards $7k. A brief flurry of activity in late trading yesterday saw the digital asset surge over $500 in less than an hour. Six hours later it dumped the same amount which was music to the ears of…
Bitcoin (BTC) in an uptrend but down 4.3 percent Tether’s reserve low and the peg isn’t 1:1 against the USD It is now emerging that USDT’s reserves don’t tally with what’s in circulation. That means Tether Limited is lying and investors may flock to safety driving Bitcoin prices up. At the moment, BTC is down…
Bitcoin (BTC) shed $4 billion after NY OAG sue iFinex Tether controversy force Bitcoin liquidation The OAG of New York is after iFinex, and from their documents, officials say the Hong-Kong based exchange, BitFinex are contravening NY Laws and therefore suing them. With additional evidence that the exchange “raided” Tether’s coffers and probably affecting the…
What many thought would never happen did on Thursday. Just days after Tether Limited, the company behind the USDT stablecoin, minted $300 million worth of its crypto asset, reports revealed that its operator, iFinex, may be on thin ice. It was claimed that prominent Bitcoin (BTC) exchange Bitfinex was unable to keep up with customer…
While the crypto wealthy have been known to be generous (just look at the Pineapple Fund), their charitable habits have diminished over the course of the ongoing bear market, which has pushed Bitcoin from $20,000 to $4,000. But, Justin Sun, the chief executive of the Tron blockchain project, doesn’t seem to be abiding with this…
The last couple of days have been quite fruitful for crypto markets. With a dump last week and a whole seven days of consolidation many expected further losses. This didn’t happen and markets rallied again, led by one or two solid performing altcoins. Binance Coin has been among them as it breaks $2 billion market…