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Tether has recently been involved in several developments and announcements within the cryptocurrency space. These include allocating 15% of its profits to acquire Bitcoin, revealing its $1.5 billion BTC reserve, and deciding to initiate Bitcoin mining operations in Uruguay. Additionally, it also launched on the KAVA blockchain in June. Now, in its recent independent auditors report for Q2 released on Monday, USDT issuer Tether has disclosed an excess of $3.3 billion in reserve assets to back USDT . Also read: Ripple Predicts Blockchain’s Potential to Save Financial Institutions $10B Tether’s Q2 attestation reveals $72.5B in US Treasury exposure According to the Q2 attestation, the stablecoin issuer has an exposure of $72.5 billion to US Treasuries. These include deposits in money market funds, repurchase agreements, and direct T-bill investments. Details from the filing reveal that, as of June 30, the company’s bitcoin (BTC) holdings saw an increase in dollar va

Jul 31, 2023 at 07:54 // Price Author Coin Idol The price of Solana (SOL) is correcting to the upside. Solana long term price forecast: bullish The altcoin rallied on July 26, breaking through the 21-day line SMA. However, the upper resistance of $26 has stopped Solana's ability to go higher. The altcoin has held above the 21-day line SMA for the last five days. Due to the presence of Doji candlesticks, further upward movement of the altcoin seems speculative. Selling pressure will increase if the bears break below the 21-day line SMA. If the 21-d

Jul 30, 2023 at 06:55 // Price Author Coin Idol The price of Shiba Inu (SHIB) continues to fluctuate in a range between $0.00000650 and $0.00000850. Shiba Inu price long-term forecast: fluctuation range The price of SHIB has broken through the moving average lines but is rejected at the recent high. On the upside, the barrier at $0.00000850 has stopped the upward movement three times. Since July 13, the price bars have held above the moving average lines as the bulls continue to try to retest the resistance level. Should the SHIB price break ab

In mid-July, Shiba Inu initiated a downtrend that lasted for nearly a week. From a high of $0.00000853, the asset’s price dropped by 11%. Upon reaching $0.00000756, SHIB started consolidating within a narrow range. Over the past few days, it has been attempting to collect liquidity. Without enough momentum in the market, the price continues to remain stagnated. Post registering a 0.5% rise over the past day, SHIB was seen exchanging hands at $0.00000788 at press time. SHIB/USDT by TradingView Also Read: Shiba Inu Adoption Rate Climbs to 58%, Highest Since 2020 SHIB Addresses with Holdings Rise Along with the short-term woes, Shiba Inu’s performance on the longer timeframes has also been lukewarm. Over the past month, the asset has appreciated by merely 4%. However, this lackluster performance has not stopped Shiba Inu investors from joining the network. Except for one category, most other address clusters have registered an uptick. Shiba Inu investors holding up to 100 mil

advertisement Why is Immutable (IMX) Token Surging? The catalyst of the price action was a declaration that the South Korean cryptocurrency exchange Upbit would list $IMX in its Korean Won market. Despite the crypto market’s continuous consolidation phase, the increase of more than 58% from its lowest point in June this year took place, making $IMX a light in a generally dreary market. At 4:00 UTC on July 28, Upbit’s $IMX trading started, and the exchange only accepted $IMX deposits from the Ethereum network. This noteworthy development sparked the token’s meteoric growth and solidified its place as a dominant force in the cryptocurrency industry. Immutable X, which offers APIs and game creation tools for NFT and Web3 games, specializes in NFT minting and trading. Its native token, $IMX, allows token holders to stake $IMX and participate in governance decisions in addition to serving as a governance and utility token for paying fees inside the ecosystem.

Join Our Telegram channel to stay up to date on breaking news coverage Coinbase CEO Brian Armstrong has taken to Twitter, urging users to mobilize and take a Stand with Crypto in an effort to safeguard the value of cryptocurrencies in the United States. Important action you can take to protect the value of your crypto in America: Today, two House committees started voting to take an important step on legislation that will create regulatory clarity for crypto. They will continue tomorrow. The bill will evolve during the… — Brian Armstrong 🛡️ (@brian_armstrong) July 27, 2023 In a significant development, the House Financial Services Committee and the House Agriculture Committee in the US House of Representatives convened on July 26 and July 27 to vote on the Financial Innovation and Technology Act for the 21st Century, aiming to provide regulatory clarity to the cryptocurrency industry. In response to these proceedings, Brian Armstrong urged his followers to take action an

"My Bitcoin was taken. How?" A Reddit user thought they were following best practices until two days ago when their Bitcoin wallet was completely cleaned out. A Reddit user has become the latest example of why crypto users should be more careful when using wallet generators — after the user lost a few thousand dollars worth of Bitcoin (BTC) from their "secure" paper wallet. On July 24, a Redditor by the name /jdmcnair posted on the r/Bitcoin subreddit, asking for an explanation on how a hacker could have been able to steal over $3,000 worth of Bitcoin from their supposedly secure paper wallet — which was even generated on an offline computer. The Redditor's Bitcoin wallet address shows an outgoing transaction of 0.12 BTC. Source: Blockchain.com “I was doing self-custody, generated my key and printed it on paper on an offline computer, transferred my BTC to this offline wallet, and kept it stored in a safe that only I have the key for,” the user wrote. “I though

The meme coin cryptocurrency has in the last two weeks gained 25% to trade at $0.078 on Tuesday amid growing speculation that X may adopt DOGE as the token that powers payments. advertisement As shared by the head of research and strategy at Matrixport, Markus Thielen, “As crypto is entering the summer lull that we initially expected for August, DOGE might be the summer’s highflyer as other crypto themes are taking a backseat. Musk is on a marketing tour in re-inventing Twitter.” Dogecoin Price Leads Altcoins Rally As Open Interest Soars to $500M Dogecoin price validated an uptrend it has been teasing in the last few weeks, with support reinforced at $0.06. The initial bullish breakout above the lower descending trendline as shown on the daily chart, saw buyers gain confidence in a potential climb which came into play when Twitter rebranded to X. The $11 billion crypto, ranking 8 in the market, now holds above all the moving averages including the 50-day Expo

Former TrustLabs CEO Daniel Jaiyong An has filed a pro se lawsuit against Archblock that includes details about a Tron acquisition of TrueUSD that he had a part in negotiating.  Jonathan Reiter, the chief exec of blockchain analytics firm ChainArgos, highlighted that one of the people involved in that negotiation was Can Sun. Sun was apparently representing Tron during the attempted acquisition, with An stating in the lawsuit: “Unfortunately, as I finalized negotiations between Justin Sun, Tron, and Can Sun (who was representing Tron as legal counsel), the vote out occurred.” FTX knew Justin Sun owned tusd – because FTX intl's gc was tron's lawyer when buying it! more connections revealed in the archblock lawsuit, FTX /sbf laundering crimes all but provenhttps://t.co/gWLCsuAsCh — Data Finnovation (@DataFinnovation) July 21, 2023 The Can Sun involved is almost certainly the same one that had previously worked at Fenwick & West at the same time as Daniel Friedberg, t

Crypto lawyer John Deaton raises concerns about Worldcoin and its founder Sam Altman. “This is an example of the chaos caused when you have … Gary Gensler intentionally keeping the regulatory environment as unknowable,” said Deaton. Since its launch, Worldcoin has faced severe backlash over its iris-scanning orb. Crypto lawyer John E Deaton took to Twitter today, asking questions about the widely circulated clip from a Bankless YouTube video wherein Alex Blania and Sam Altman talk about the regulatory scrutiny for crypto in the U.S. This was in response to the host’s questions about Worlcoin’s distribution. Worldcoin is OpenAI founder Sam Altman’s new crypto project. Wtf did this dude just say? Did he literally say that he can’t talk about how WorldCoin is distributed “because of the regulatory uncertainty” in the United States? If there was ever a signal to RUN AWAY as fast as you can from a project, HERE IT IS. Is he saying he can’t… https://t.co/e2f7V7p

WLD soared by 75% shortly after listing on the Binance exchange. Binance listed WLD after an official unveiling by Altman, the OpenAI Chief. Other top crypto exchanges, including Huobi, OKX, and Bybit, also listed the WLD token. WLD, the native token of Sam Altman’s Worldcoin project, soared by 75% shortly after listing on the Binance exchange. Binance listed WLD after an official unveiling by Altman, the OpenAI Chief on Monday, July 24, 2023. After the unveiling, reports emerged that other top crypto exchanges, including Huobi, OKX, and Bybit, listed the WLD token. Current developments suggest the multiple listings have promoted WLD’s adoption. There was an immediate influx of funds into the project, leading to skyrocketing prices for the newly listed token. In a publication that introduced the project, co-founders Alex Blania and Sam Altman noted that Worldcoin was founded with the ambition of creating a new identity and financial network owned by everyone. T

Also Read: RIP Twitter; Elon Musk Officially Rebrands Twitter To “X” advertisement Is This The Elon Musk Effect? Crypto called X token is linked to a multi-chain decentralized NFT market. Its official website mentions that the token is owned and operated by the X community, while, the Governance was provided by the X DAO. However, it is reported that the NFT marketplace is now closed. According to the Coingecko data, X token price jumped by more than 2000% over the past day, while its price has recorded a surge of 1,830% in the past 7 days. X token is trading at an average price of $0.000392, at the press time. Its 24 hours trading volume is up by 142,779% to stand at $133,491. It seems like hype generated by Elon Musk regarding rebranding Twitter to “X” seems to be a major force driving the token to the moon. In the recent turn of events, Musk even updated his Twitter profile picture to “X”. Recommended Articles