Stablecoin issuer Tether’s USDT is approaching $100 billion in market capitalization after posting record profits last quarter. According to Tether’s last earnings report, the company posted revenue of $2.85 billion in the fourth quarter of 2023, a record high for the company, driven primarily by interest payments on U.S. Treasury bills. according to the report, “In terms of financial performance, we recorded record net income in the fourth quarter of $2.85 billion, of which ~$1 billion was net operating income (mainly interest on U.S. Treasury bills) and the remainder was primarily from gold and Bitcoin reserves. It happened in the…
Author: Crypto Flexs
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As part of the ongoing investigation into the spectacular collapse of Terraform Labs and its algorithmic stablecoin TerraUSD, the company’s former Chief Financial Officer (CFO) Chang-Jun Han has been extradited to South Korea. This follows his arrest along with co-founder Dokwon in March 2023 in Montenegro while trying to flee on a private jet using forged documents. Extradition approved: South Korea, indictment The Montenegrin Ministry of Justice approved the extradition, allowing Korean authorities to “bring criminal proceedings for various crimes related to financial investment services, investment, and capital market fraud.” These charges carry a potential life sentence in South Korea.…
Policy • February 5, 2024 2:31 PM EST Posted 1 minute ago In ~ A U.S. district judge has ordered Ripple to provide additional information about the company’s financials and institutional sales. XRP -0.00% A victory for the Securities and Exchange Commission.regulator be sued Three years ago, Ripple mentioned unregistered XRP sales. Last year, Judge Annalisa Torres of the Southern District of New York rule While XRP sales to institutional investors were illegal securities sales, retail “blind bid” sales were not. On Monday, the court granted the SEC’s motion to force Ripple to provide more information so the court can…
Apple Vision Pro is here, and early adopters are already enjoying a wearable experience that demonstrates the headset’s enormous potential.While its $3,500 price point may make it out of reach for many potential buyers, some of these mixed reality and spatial computing apps might convince you to dig up your loose change from the couch and start saving. Here are five amazing early Apple Vision Pro experiences.Tour homes in 3DBuying a house is everything. You’ll spend a lot of time touring a home, but still photos alone don’t tell much of a story. Luckily, Apple Vision Pro is here.new thanks…
join us telegram A channel to stay up to date on breaking news coverage The price of TG.Casino has surged 33% in the last 24 hours. Traded at $0.6213 As of 2:12 a.m. ET, trading volume was up 12% to $1.7 million. The price surge came as TGC hit a new all-time high (ATH) just weeks after its launch. It doesn’t happen often that a token reaches an ATH and then another ATH that is much higher. 50M and the charts look sexy AF. $TGC. The team is keeping its promises and delivering. TG Casino had $2 million in revenue…
Some technical indicators supported UNI’s bullish narrative. Whales are still bearish on the token as evidenced by their low long-term exposure. Decentralized exchange (DEX) coin Uniswap (UNI) has been somewhat quiet in recent days, recording a paltry 0.86% growth over the past week, according to CoinMarketCap. Using data from Santiment, AMBCrypto noted that the token’s unimpressive gains have kept traders away, as daily trading volumes have fallen sharply since the beginning of the month. Source: Santiment Is it time to accumulate UNI? However, if a recent analysis by a prominent technology analyst is to be believed, things could get better.…
The recent ADA price action indicates strong support for the $0.488 price level as the cryptocurrency continues to perform poorly over the past month. However, according to cryptocurrency analyst Ali Martinez, Cardano’s current price performance is somewhat similar to a repeat of previous price action. The analyst noted that Cardano’s price movements are very similar to what they were at the end of 2020, before ADA began its massive bull market. If history repeats itself, Cardano could be gearing up for another major rally that will send the price towards $8. ADA price chart shows similarities with previous consolidations Cryptocurrencies…
Several factors worsened bearish market sentiment on Monday, sending the Bitcoin price below the $43,000 level.The world’s largest cryptocurrency by market capitalization was down more than 0.5% over the past 24 hours to $42,676 as of 12 PM ET, according to The Block’s pricing page.Price action resulted in the liquidation of more than $75 million worth of long cryptocurrency positions, according to Coinglass data. Over the past 24 hours, liquidated Bitcoin leveraged positions have surged to nearly $30 million, of which more than $18 million were long positions. On Monday, the price of Bitcoin fell below $43,000. Image: The Block’s…
Cryptocurrency-linked investment products recorded the second-largest inflows of 2024 last week, reaching $708 million, almost 99% of which came from Bitcoin. US markets recorded $721 million in inflows, with new ETFs alone raising $1.7 billion. Spot Bitcoin ETFs have consistently attracted an average of $1.9 billion in capital over the past month, totaling $7.7 billion since approval, according to CoinShares research. The Bitcoin ETF has maintained an average of $1.9 billion in inflows over the past four weeks, reaching a cumulative $7.7 billion since it was first introduced in the second week of January. Despite the surge, $6 billion was…
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