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…
Day: July 11, 2024
Bitcoin Holds $58K Ahead of U.S Inflation Report
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…
Compound Finance Site Compromised in Phishing Attack
The website leads to a phishing page that could drain user funds, but the actual protocol remains unaffected. Source
UK regulator alerts public to fraudulent lawyer email scam demanding Bitcoin
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…
Slide in Crypto Speculation Index Suggests Bitcoin (BTC) Bull Market Reset
The speculation index, which measures the percentage of alternative cryptocurrencies (altcoins) with 90-day returns greater than bitcoin, has stabilized below 10%, down significantly from the January high of nearly 60%. Bitcoin, the leading cryptocurrency by market, hit new record highs above $70,000 in the first quarter and has since cooled to $58,000. Original
Is $60,152 Mark Within Reach?
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…
Unstoppable Domains to Provide Web3 Sign-In to Pudgy Penguins Metaverse
Unstoppable Domains, a key player in Web3 domains and digital identity solutions, has announced an integration with Pudgy Penguins, enabling users to access Pudgy World using their .pudgy domain names. The integration allows users to bypass traditional password-based logins, offering a more streamlined access that doesn’t rely on Web2 credentials. This approach not only enhances […] Source CryptoX Portal
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
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