Tether’s lack of third-party audits has investors concerned that the $118 billion stablecoin company could face a similar liquidity crisis to FTX.Investors are becoming increasingly concerned about Tether, the issuer of the world’s largest stablecoin, USDT.The latest concerns were sparked by Cyber Capital founder Justin Bons sharing concerns that Tether could be a bigger scam than FTX.Bons wrote on X Post on September 14th:“(Tether) is one of the biggest existential threats to all of crypto because we are supposed to believe they have $118 billion in collateral without any evidence! Even after the CFTC fined Tether in 2021 for lying…
Author: Crypto Flexs
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According to the latest analysis, Bitcoin (BTC) needs to close above $63,00 per day to reach a new all-time high.Popular trader HornHairs defined several key BTC price levels where the bulls could next turn into support in his latest X content on September 19th.Bitcoin traders believe $63,000Bitcoin continues to rally after this week’s macro events energized risk assets.After rising about 8% this week, BTC/USD is now facing a crucial resistance level that has held the market back for months.“A very strong response to demand in the $57,000 zone was followed by a huge surge to $63,000,” HornHairs summarized.”If we can…
Episode 58 of Season 6 of The Scoop was recorded as follows: Block’s Frank Chaparro and TrueX co-founder and CEO Vishal Gupta.Listen below and subscribe to The Scoop on YouTube. apologize, Spotify, Google Podcasts, Stitcher, Or wherever you listen to podcasts. Please send feedback and correction requests to (email protected).Vishal Gupta is the co-founder and CEO of TrueX, a new stablecoin-based trading platform.In this episode, Gupta explains why TrueX aims to provide a “stablecoin-based” trading experience with segregated custody, primarily targeting institutional clients in the United States. outline 00:00 introduction 04:50 TrueX Overview 11:13 Innovation Exchange 14:42 Institutional Client Transaction…
Kraken Exchange Lists Solana’s Popular Cat-Themed POPCAT Meme Coin POPCAT coin fell 6% despite the news following a 58% monthly rally. As demand increases, derivatives traders are leaning toward short selling. In the world of meme currencies, dog-themed tokens dominate the space with high market caps and strong communities. However, Popcat (POPCAT) is a cat-themed alternative coin that is in high demand in the Solana ecosystem.The cat jumps into more exchangesHaving already been listed on crypto giants like OKX, KuCoin, and Bybit, Popcat has now landed on Kraken, one of the largest centralized exchanges in the US. Historically, listing on…
Peter Zhang 20 Sep 2024 01:37 Seven new games streaming on GeForce NOW this week include FINAL FANTASY XVI and Frostpunk 2. NVIDIA’s cloud gaming service, GeForce NOW, has expanded its library with award-winning games. Final Fantasy XVIAvailable for streaming at launch. According to the NVIDIA blog, the game is one of seven new titles launching on the platform this week. Iconic Adventure Now players can dive into the richly crafted world of Valisthea. Final Fantasy XVIThe latest mainline entry in Square Enix’s popular role-playing game series. This epic action RPG takes place in…
The final stop on the America Loves Crypto tour took place yesterday in Washington, D.C., as the country heads into the 2024 election. Speakers including Coinbase CEO Brian Armstrong, ConSensys CEO Joseph Lubin, and Rep. Wiley Nickel (D-NC) addressed a full capacity crowd at the Black Cat music venue. The speakers largely agreed on one idea: the importance of supporting cryptocurrencies in the United States through bipartisan cooperation.Reps. Brian Armstrong and Nickel appeared on stage together and said they believe it is important to sustain and foster cryptocurrency innovation in the United States. In the case of nickel in particular,…
The native token of a privacy-focused, zero-knowledge, layer-1 blockchain is on the rise after being listed on the largest U.S. cryptocurrency exchange by trading volume. About 24 hours ago, Coinbase listed Aleo (ALEO) under an experimental label. “Coinbase customers can log in to buy, sell, convert, send, receive, or store these assets.” The experimental label indicates a new, highly volatile asset introduced to the platform. These assets typically have lower trading volumes compared to traditional cryptocurrencies. According to the website, Aleo’s protocol prioritizes privacy and scalability by utilizing zero-knowledge proofs to ensure user privacy. Zero-knowledge proofs allow one party (the…
We round up the weekly news from across Asia, highlighting the most important industry trends. Dirty Tedder Laundry Service A court in China’s northwestern Gansu province has reportedly found 10 people guilty of involvement in a Tether (USDT) money laundering service case. The defendants were sentenced to prison terms ranging from 10 months to a year, and authorities recovered more than $168,000 (1.2 million yuan) in illicit profits, according to The Paper, a state-run online news outlet. The scam, led by a man named Shen, operated a USDT trading studio that laundered cryptocurrency profits from online gambling and telecommunications fraud.…
Federal prosecutors have formally charged two cryptocurrency fraudsters, 20-year-old Marlon Lam and 21-year-old Jandiel Serrano, with stealing $230 million worth of cryptocurrency, first revealed by blockchain sleuth ZachXBT.ZachXBT claimed the two men were arrested last night at their respective homes in Miami and Los Angeles, with a lengthy post detailing internal conversations Thursday morning to plan the hack and conceal the stolen funds.Ram, also known as “Anne Hathaway” and “$$$,” and Serrano, who goes by “Versacegod” and “@Skidstar,” are accused of stealing and laundering funds. Veer Chetal, also known as “Wiz,” was named by ZachXBT but was not named in…
According to the data, the entire cryptocurrency sector has seen a lot of liquidations following the volatility experienced by Bitcoin and other cryptocurrencies. Bitcoin has recovered above $63,000 levels. Bitcoin reacted positively to news that the U.S. Federal Reserve was cutting interest rates, with the price breaking through the $63,000 level.advertisement The chart below shows the asset’s recent performance. According to the graph, with a 5% jump in the last 24 hours, the cryptocurrency appears to be not far from reaching the highest levels observed in August. As is typical, the rest of the digital asset sector has also enjoyed…