Stablecoin issuer Tether has announced its plans to double its workforce by mid-2025 in an effort to bolster key areas like compliance and finance. This move comes as Tether seeks to solidify its position in the market and handle its staggering $118 billion in assets backing the USDT stablecoin. With only a small team currently
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The debate between Ethereum and Solana has been reignited by a crypto analyst who recently evaluated the two cryptocurrencies to determine which one was superior. Peter Brandt, a well-known crypto trader and analyst, compared the fundamental characteristics, strengths, and weaknesses of Solana and Ethereum in a recent post on social media. Brandt’s analysis highlighted Ethereum’s
The recent regulatory action taken by the US Federal Reserve against Customers Bank has raised concerns within the crypto community. The Fed found that the bank violated various financial regulations, including the Bank Secrecy Act, Anti-Money Laundering laws, and Office of Foreign Assets Control (OFAC) regulations due to its involvement with digital assets. As a
OKX CEO, Star Xu, recently issued a warning to users about the potential risks associated with interacting with the sanctioned crypto mixer, Tornado Cash. He emphasized that deposits from sanctioned entities such as Garantex and Tornado Cash, or withdrawals to these entities, could trigger compliance risks and ultimately lead to account suspension. Xu highlighted the
In a recent report from Grayscale Research, analysts have expressed optimism about Bitcoin potentially revisiting its all-time high later this year, contingent upon the U.S. economy avoiding a recession. This positive outlook comes following a period of stabilization in both the cryptocurrency market and broader financial markets, which experienced sharp declines from August 2 to
Coinbase, one of the leading cryptocurrency exchanges, has taken a bold stance against the US Commodities Futures Trading Commission (CFTC) proposal that could potentially harm prediction markets like Polymarket. The Chief Legal Officer of Coinbase, Paul Grewal, criticized the proposal for its vague definition of “gaming” and its failure to acknowledge the positive economic impact
The cryptocurrency market has witnessed an impressive recovery as Bitcoin’s price surged past $60,000 and neared $63,000 for the first time since the weekend. The recent market-wide crash that occurred last week and on Monday saw BTC’s price plummet from over $66,000 to a 6-month low of $49,500. However, the asset quickly started to bounce
Japanese investment firm Metaplanet has recently secured a $6.8 million loan from one of its shareholders, MMXX Ventures, to increase its Bitcoin holdings. This move comes after Metaplanet announced its plans to raise $70 million through a stock rights offering, with a major portion earmarked for Bitcoin investments. The loan carries a low 0.1% interest
A crypto analyst known as ‘The Crypto Dog’ has recently shared a bullish forecast for Bitcoin, the world’s largest cryptocurrency. According to the analyst, Bitcoin might experience significant rallies in the future, recovering from its recent market declines at a rapid pace. This positive outlook comes in the wake of Bitcoin maintaining a crucial support
XRP, the cryptocurrency associated with Ripple Labs, has recently shown a significant surge in its price, outperforming other major digital assets. In just one day, XRP experienced a price increase of almost 20%, reaching $0.64 before retracing slightly to $0.61. This spike has led to a monthly gain of 42%, indicating a bullish trend for