The ascent of Tether’s total assets has been nothing short of remarkable. Over the span of six years, the company has witnessed a stunning rise, bringing its current figure to an impressive $95.2 billion, as outlined in its transparency report. The majority of this sum, around $92 billion, is held in Tether’s dollar-pegged stablecoin, USDT.
Crypto
Bitcoin has been making waves in the investment world, with many investors hopeful for its future growth. One such investor is Lyn Alden, a global macro investor, who expressed her hope to see Bitcoin reach $200,000 per coin in the next two years. According to her, a price of $100,000 would be considered “disappointing.” While
Solana, one of the fastest-growing cryptocurrencies, has been making waves in the investment world, experiencing an astonishing surge of over 775% in the past year. This remarkable rally has attracted numerous investors looking to capitalize on its success, leading to a boom in tokens based on the Solana blockchain. Amidst this frenzy, traders have been
Ripple’s native token, XRP, has gained significant attention from industry participants due to recent developments surrounding its parent company and its lawsuit against the US SEC. The performance of XRP’s on-chain metrics and the overall market sentiment are now being closely monitored to gauge the potential for a price rally. According to data from xrpscan,
In the ever-evolving world of cryptocurrency, Bitcoin has once again made headlines with a remarkable surge. Over the past 24 hours, Bitcoin has gained an impressive 7.2%, reaching an intraday high of $45,498 during the Asian trading session on Tuesday morning. This significant increase not only marks the beginning of the first working week of
After a challenging 2022, cryptocurrency hedge funds have made a remarkable recovery in 2024. With an average return of 44% through December 20, these funds have outperformed all other monitored strategies. This resurgence marks a positive trend for an industry that experienced significant setbacks, including the collapse of FTX and the closure of one-third of
India’s crypto policy has been subject to controversy and a lack of clarity in several aspects. But despite these challenges, the country has managed to emerge as the top market for cryptocurrency adoption. A recent report by crypto exchange CoinDCX reveals that 28 Indian entities have become “FIU-Registered Reporting Entity.” This signifies the growing interest
In the year 2023, the world of cryptocurrency investments experienced a notable transformation. Venture capital funding in the crypto space encountered a significant decline of 68%, dropping from the impressive $33.3 billion invested in 2022 to $10.7 billion. This decrease marked a significant setback for the industry, but it is important to note that 2023
The crypto-hacking group known as Pink Drainer has recently been implicated in a highly sophisticated phishing scam, resulting in the loss of $4.4 million worth of Chainlink (LINK) tokens. This cyber heist targeted a single victim who unknowingly fell victim to a deceptive tactic involving the signing of a transaction linked to the “Increase Approval”
In a devastating blow to its customers, Catalyx, a Canadian-based crypto trading platform, recently experienced a significant security breach that led to the loss of customer funds under its custody. The specific magnitude of the loss remains undisclosed, but the platform has implemented immediate measures such as suspending crypto and fiat withdrawals while investigations are