Day: July 11, 2024

Tether (USDT) to Discontinue Support for Multiple Blockchain Implementations by 2025

Tether, the issuer of the widely used stablecoin USD₮ (USDT), has announced a strategic shift in its blockchain support strategy. According to tether.io, the company will discontinue support for USD₮ and EUR₮ on the Omni, Kusama, SLP, EOS, and Algorand blockchains by September 1, 2025. Community-Driven Decisions Tether emphasizes that community input plays a crucial role in its decision-making process. The company evaluates several factors, including network security, customer support, regulatory compliance, and oversight, to ensure user safety and sustainability. This strategic shift aims to…

Bitcoin Holds $58K Ahead of U.S Inflation Report

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Bitcoin (BTC) held its $58,000 price level throughout the European morning before a U.S. inflation report due at 8:30 ET (12:30 UTC). Following a dip toward $57,000 at about 3:30 UTC, BTC is sitting around $58,400 at the time of writing, down 0.34% in the last 24 hours. The CoinDesk 20 Index, which offers a measurement of the broader digital asset market, has risen around 0.2%, suggesting traders are sitting on their hands waiting for the CPI report, which will offer the latest indication on the prospect of a cut…

UK regulator alerts public to fraudulent lawyer email scam demanding Bitcoin

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A cautionary alert has been issued by the UK’s Solicitors Regulation Authority (SRA) regarding a new email scam where fraudsters posing as lawyers demand Bitcoin payments. In a recent notice, the SRA disclosed an ongoing scam involving a suspicious email from “[email protected]” that alleges possession of the recipient’s personal data and threatens to release harmful videos unless a payment in Bitcoin is made. Wrongly asserting its association with Attwaters Solicitors and Attwaters Jameson Hill Solicitors under the fabricated name “Patrice Joyce,” this fraudulent communication links to a potentially malware-infested Bitcoin…

Is $60,152 Mark Within Reach?

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Bitcoin (BTC) after a successful break above its bearish trendline recently has continued to show strong bullish momentum which may mark a significant shift in market sentiment. As the digital asset continues to strive above the bearish trendline, it has stirred up optimism among traders and investors alike as to whether it can sustain its momentum and achieve the $60,152 mark. In this article, BTC’s recent price formation will be analyzed with the help of some technical indicators to ascertain if it could reach the $60,152 mark and what it…

Spot Bitcoin ETFs See 4th Consecutive Days of Inflow Streak, Reaching $147M Yesterday

CoinspeakerSpot Bitcoin ETFs See 4th Consecutive Days of Inflow Streak, Reaching $147M Yesterday US spot Bitcoin exchange­-traded funds (ETFs) are expe­riencing a surge in investor inte­rest, evidence­d by a streak of net inflows. SoSo Value data shows that on We­dnesday, July 10, 2024, these ETFs rake­d in a combined $147.37 million, marking the fourth consecutive­ day of positive fund flow. Fidelity Digital Assets’ FBTC fund e­merged as the top pe­rformer, attracting a significant $57.79 million in net inflows. This surge sugge­sts a major boost in investor confidence for the­ fund.…

Big Buyers Fueling Rally On Top Crypto Exchanges

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Driven by a mix of positive elements, Solana (SOL) is seeing a spike in trading activity. This covers big buy orders, institutional investors’ savvy purchasing approach, and the expected release of SOL-based exchange-traded funds (ETFs). Related Reading Whales Consolidate SOL discretely Trading data shows a notable increase in trading volume among key exchanges including Binance, Coinbase, Gate.io, and OKX. However, a more in-depth analysis by Coinact.gg, which is a real-time trading research programme, indicates a pattern that is very intriguing: a “Major TWAP” signal for SOL. Major TWAP Detection alert…

Argentina Football Association’s Fan Token (ARG) More Than Doubles After Copa America Soccer Victory Over Canada

Token holders can win access to unique team activities, experiences, and VIP services, including meeting the team’s players and access to the Estadio Monumental – a football stadium in Buenos Aires, Argentina, known for its rich history. Fan tokens mark the intersection of blockchain and sports, allowing market participants to price in and gauge the financial and economic impact of major sporting events. Source