[ad_1] In a recent report by the Wall Street Journal (WSJ), it was alleged that Tether is currently under federal investigation for potential violations related to sanctions and anti-money laundering (AML) regulations in the US. The inquiry, reportedly led by prosecutors from the Manhattan US Attorney’s Office, is said to focus on whether Tether’s stablecoin, USDT, has been used by third parties to finance illegal activities such as drug trafficking, terrorism, and hacking, or to launder the proceeds from these activities. Tether CEO Denies Investigation Claims In response to these serious allegations, Tether has issued a statement strongly criticizing the…
Author: dfrancis36
[ad_1] On-chain data shows that the Bitcoin Mining Difficulty has set a new all-time high (ATH) after the jump in the latest network adjustment. Bitcoin Mining Difficulty Has Seen An Increase Of Nearly 4% Recently According to data from CoinWarz, the BTC Difficulty has seen a positive adjustment recently. The “Difficulty” here refers to a metric that tracks how hard it is to mine blocks on the Bitcoin blockchain. Its value is measured in units of hashes. This concept is baked into the BTC code, with automatic adjustments occurring roughly every two weeks. In these adjustments, the network can both…
[ad_1] Este artículo también está disponible en español. The Bitcoin price is slowly breaching the $70,000 mark, showcasing steady upward momentum despite downward pressure from the bearish performance of the US equities market. Taking note of Bitcoin’s recent price movements, a crypto analyst has suggested that the pioneer cryptocurrency could be gearing up for a strong bull wave that could drive its price by over 70%, pushing it past the $100,000 milestone. Here’s How High An Analyst Project’s Bitcoin’s Next Price Popular crypto analyst, Javon Marks revealed in an X (formerly Twitter) post on Thursday that Bitcoin’s recent price movements…
[ad_1] Recent on-chain data has shown that Bitcoin might be entering into two separate crucial phases in the current market cycle that could help to determine the next trajectory of the crypto asset’s price over the coming weeks. Bitcoin’s Accumulation And Distribution Phases Identified Bitcoin’s capital flow on the blockchain is revealing regions of Accumulation and Distribution, providing insight into investors’ behavior as reported by Alphractal, an advanced investment data platform, in a recent post on the X (formerly Twitter) platform. It is worth noting that during accumulation phases whales and long-term investors tend to grow their Bitcoin holdings, which…
[ad_1] An altcoin linked to a security-focused crypto wallet skyrocketed by more than 43% in one day, outperforming the broader crypto market. Safe (SAFE) is a smart contract wallet that runs on multiple blockchains. The project’s native token, SAFE, is trading at $1.36 at time of writing, up from around $0.95 on Wednesday. The 124th-ranked crypto asset by market cap is also up nearly 55% in the past week and more than 74% in the past month. Comparatively, the overall crypto market cap is up 1% in the past day, according to CoinGecko. Danilo Pereira, a product marketer at Safe,…
[ad_1] Este artículo también está disponible en español. In an analysis published on TradingView, pseudonymous crypto analyst Melika Trader has provided a technical forecast for Cardano (ADA), highlighting a long-term upside scenario with a price target of $1.8. Using chart patterns and key price levels, Melika offers both short and long-term perspectives on ADA’s price movement. Long-Term Cardano Price Outlook Melika identifies a significant support zone for ADA between $0.30 and $0.35. This range has historically shown strong buying interest, characterized by an engulfing candle pattern and previously established supply and demand (S&D) zones. This base formation suggests a robust…
[ad_1] Cryptocurrency company Tether is currently under federal investigation for possible sanctions and anti-money laundering (AML) violations, according to the Wall Street Journal. The criminal inquiry, led by prosecutors from the Manhattan US Attorney’s Office, is examining whether Tether’s stablecoin USDT has been utilized by third parties to fund illicit activities, including drug trafficking, terrorism, and hacking, or to launder proceeds from such activities. Alleged Connections To Terrorism And Arms Dealing Per the report, the US Treasury Department is also considering imposing sanctions on Tether due to its cryptocurrency’s widespread use among individuals and groups that are already sanctioned by…
[ad_1] Este artículo también está disponible en español. A recent report published by the Bitcoin Policy Institute (BPI) and highlighted by Forbes explores the growing discussion around Bitcoin as a viable reserve asset for central banks. Authored by Dr. Matthew Ferranti, a Harvard-trained economist and former member of the White House Council of Economic Advisers, presents several compelling arguments for why central banks might consider adding Bitcoin to their portfolios. Bitcoin As A Modern Reserve Asset Dr. Ferranti begins by noting the trend of central banks increasing their gold reserves, suggesting that Bitcoin could serve as a modern counterpart. While…
[ad_1] In a major move towards blockchain innovation and interoperability, Cardano has announced a new partnership with BitcoinOS (BOS), a smart contract operating system for Bitcoin, the world’s first and largest cryptocurrency. The new alliance will be aimed at unlocking Bitcoin’s trillion dollar liquidity for ADA investors and creating new opportunities for cross-chain capabilities for Web3. Cardano Announces Partnership With BitcoinOS In an official blog post on Thursday, October 24, EMURGO, the founding entity of the Cardano blockchain revealed that it will be working with the BitcoinOS to bridge Bitcoin’s massive liquidity, worth $1.3 trillion, into Cardano’s Decentralized Finance (DeFi)…
[ad_1] Este artículo también está disponible en español. Crypto analyst Trader Tardigrade has drawn the community’s attention to a bullish pattern on the Dogecoin price chart. Based on this development, the analyst provided insights into how high the Dogecoin price could rise in the short term. Dogecoin Price Flashes Bullish Pennant Trader Tardigrade revealed in an X post that the Dogecoin price has reached the tip of a bullish pennant on the daily Heikin Ashi chart. With this occurrence, the analyst claimed a breakout was just around the corner. He added that an “easy target” measured from the pennant pole…