Recently, the Chinese police forces unveiled a major underground banking operation that utilized the popular stablecoin Tether (USDT) to facilitate transactions totaling 13.8 billion yuan ($1.9 billion). This illegal operation was discovered by the Public Security Bureau of Chengdu Municipal, leading to the arrest of 193 suspects and the freezing of 149 million yuan ($20.6
The ICO for the new store of value altcoin, Mollars (MOLLARS), has been making significant progress, with the funding pushing quickly towards US$1,500,000. The initial coin offering has already moved to 72%, leaving less than 28% of the tokens allocated for the presale available for purchase. Mollars is gaining popularity as it presents itself as
The recent surge in the cryptocurrency market has caught the attention of investors and analysts alike. Bitcoin, the leading cryptocurrency, has experienced a significant rally in the past week, climbing from $61,000 to over $67,000. This sudden price movement has raised questions about the future trajectory of Bitcoin and its underlying factors driving the market
One of the key factors in the potential flip of market capitalization between Dogecoin and Ripple is the presence of Elon Musk. Dogecoin has benefited greatly from Musk’s endorsements and tweets, leading to a significant increase in its value over the years. Ripple, on the other hand, lacks a figure of Musk’s stature to champion
The recent surge in the price of Bitcoin, with a 2.9% increase on Friday to trade above $67,000, has been attributed to various factors. One of the key factors contributing to this positive price performance is the rising demand for the stablecoin USDT. According to a report by LookonChain, the Tether Treasury has minted an
Cryptocurrencies and artificial intelligence (AI) have been making waves in the financial industry, with exponential growth potential and technological advancements driving the market forward. According to recent predictions from ChatGPT, two AI-related cryptocurrencies are poised to emerge as top performers in the coming year. This article delves into the specifics of these predictions and explores
The approval of spot Ethereum ETFs by the SEC has been a highly anticipated event within the cryptocurrency community. With the potential for significant impact on the market, many are closely watching to see if the SEC will greenlight these financial products. According to Crypto exchange Coinbase, the odds of approval by the end of
In the recent surge of meme coins on the Solana blockchain, ETF token (ETF) has seen an explosive growth of +207% within just 24 hours. The excitement around crypto ETFs has fueled this price surge, with ETF gaining momentum and attention in the market. The price of ETF token is currently trading at $0.00134, showcasing
The Pepe (PEPE) price has recently experienced a 12% drop from its peak, causing traders to question whether it is the right time to buy the dip. Despite hitting record highs above $0.000011 earlier in the week, the price has now settled just above $0.00010. Chart analysis suggests that it may be premature to invest
In a groundbreaking move, Oklahoma has taken a bold step by becoming the first US state to legally protect the right to self-custody Bitcoin. By passing the new bill, residents in Oklahoma can now hold, control, and use digital assets without any state interference. This legislation, known as the ‘Bitcoin Rights’ bill or HB3594, was
A crypto analyst, known as ‘Yoddha,’ has recently made a daring prediction for Ethereum (ETH), setting the timeline for when the world’s second-largest cryptocurrency would embark on a significant rally to new all-time highs above $10,000. According to Yoddha, Ethereum is expected to rally massively after a period of accumulation and decline, continuously rising above
As per the analysis of Crypto Jebb, there is a potential bullish pattern emerging in the Bitcoin market. According to him, an inverse heads and shoulders pattern has formed on the Bitcoin chart, signaling a possible rally in the future. This pattern has been a long-time prediction of the analyst, and if it plays out,
In the world of cryptocurrency markets, the price action of assets such as Bitcoin is heavily influenced by the fundamental economic concept of supply and demand. When the supply of a particular asset outweighs the demand, prices tend to decrease. Conversely, when demand surpasses supply, prices usually increase. Recognizing these principles is crucial for analysts
The Donald Trump-themed meme coin Doland Tremp (TREMP) saw a significant surge, reaching a new all-time high following positive news about the billionaire’s presidential campaign. The former political leader has adjusted his stance on digital assets, presenting himself as the candidate of choice for pro-crypto voters. The cryptocurrency market as a whole displayed a positive