June 19th What is USDT? First look aUSDT is a new “tethered” digital asset that combines the stability of gold and the functionality of Web3-based digital assets. This introduces the concept of a “Tethered Asset” based on Tether Gold (XAUt), which represents ownership of physical gold stored in Switzerland. The aUSDT token is designed to track the value of the U.S. dollar through overcollateralization and secondary market liquidity pools that provide stability and mitigate market volatility. Users can mint USDT by depositing XAUt into an Ethereum-compatible smart contract. These smart contracts automate and secure the collateral management process, providing a…
Author: Crypto Flexs
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Share this article The price of Bitcoin plunged close to $64,000 last Friday, hitting a low of $64,300, according to TradingView data. The decline comes amid massive withdrawals totaling $139.88 million from U.S. spot Bitcoin ETFs on Thursday.Grayscale Bitcoin Trust (GBTC) recorded $53 million in daily net outflows, while Fidelity Wise Origin Bitcoin Fund (FBTC) recorded $51 million in daily net outflows, according to data from SoSoValue.The Bitwise Bitcoin ETF recorded outflows of $32 million, while the VanEck Bitcoin Trust and Invesco Galaxy Bitcoin ETFs recorded outflows of $4 million and $2 million, respectively.In contrast, BlackRock’s iShares Bitcoin Trust enjoyed…
Ethereum is under pressure at press time, down about 15% since March 2024. On-chain data points to an optimistic picture, with sellers applying pressure and reversing all gains posted since May 20. Ethereum HODLers collect 298,000 ETH in 24 hours. Let’s look at one analyst, X. note Demand for ETH, especially from perpetual holders, has surged. In most cases, these permanent holders are institutions that are better funded and willing to hold out. Unlike retailers, these companies can choose to hold for the long term and are often unperturbed by market volatility. Inflow of Ethereum permanent holders | Source: @@jjcmoreno…
Cardano (ADA) could turn bearish once again after whales start moving again. This activity was uncovered by on-chain data tracker Santiment, which showed unusual activity in dormant ADA wallets after the price crossed $0.3. Cardano sharks and whales have started moving coins. A report published by on-chain data tracker Lots of activities. Considering that these large holders have been moving coins that were previously dormant, much of this activity could be detrimental to the current ADA recovery. A Santiment report shows that older ADA coins are once again in circulation. This showed that the cryptocurrency was about to have its…
Bitcoin (BTC) has several months of consolidation left to see if there is a repeat of early bull market behavior.Popular trader and analyst Rekt Capital made a fresh comparison between this year and 2023 BTC price action in a recent market commentary.BTC price forms a “similar range” to 2023.Bitcoin may be stuck in a firm range since its block subsidy was halved last April, but the lack of upside in BTC prices should not worry its strength, suggests Rekt Capital.Looking at past and present Bitcoin bull market phases, he showed that as recently as last year, BTC/USD experienced prolonged non-volatile…
TL;DR (concentrated takeaways)Managing passwords is challenging! Passwords must be kept secure from prying eyes (but also be readily available to you).”Secrets” to be stored in password managers may include passwords, PINs, encryption keys, answers to “secret questions,” and other sensitive data.Multi-word passphrases are longer than most passwords … and can be better because they can be more rememberable.There are many password manager tools available, and each has functional tradeoffs.Consider strategies to avoid “putting all your eggs in one basket.” After choosing a password manager, you must carefully consider how to backup the master password to access it! Do you have…
join us telegram A channel to stay up to date on breaking news coverage Cryptocurrency markets experienced significant volatility in June due to sentiment surrounding the Bitcoin halving event and the approval of the Ethereum ETF. price of BTC I have been inconsistent for over a month. As a result, investors may want to wait for a clearer signal indicating the confidence of buyers to drive the post-halving rally. Investors searching for the cheapest cryptocurrency deals under $1 are searching the market as the 2024 bull run begins. Several cryptocurrencies stood out from the crowd of choices with significant upside…
Blockchain development company Consensys has sent a letter to the U.S. Internal Revenue Service requesting a delay in proposed tax rules that would require brokers and exchanges to report certain sales of cryptocurrency.“We must reflect our overarching concern that certain aspects of the regulation do not sufficiently take into account the burden on prospective brokers, including firms that currently do not traditionally have reporting obligations.” letter said.Last April, the IRS released an initial version of Form 1099-DA under tax reporting rules proposed last August that said cryptocurrency brokers would be treated similarly to traditional brokers for products like stocks and…
Polygon tried the popular Optimistic rollup in advertising. The ad received mixed reviews. This is the latest salvo in the fight for Ethereum Layer 2 dominance. Driven by the desire to leverage Ethereum’s abundant liquidity, interest in layer 2 chain launches shows no signs of slowing down. Amid this high demand, competition is heating up among Ethereum scaling solution providers who offer gold rush era shovels – a technology stack that projects can use to decouple layer 2 chains. So far, the main contenders in this battle for dominance appear to be Polygon and Optimism.In the latest coup in the…
I know BitMEX Grafana exists, but when I need to check something it always takes me too long to find it because I can’t remember the URL. Where are you?