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Tether has released its most recent attestation, which claims record profits of $5.2 billion for the first half of 2024. However, a close review of the attestations shows that Tether ’s purchases of bitcoin seem to have been paused . For context, in May 2023, Tether announced its intention to “regularly allocate up to 15% of its net realized operating profits towards purchasing Bitcoin.” It further noted that these investments would “not exceed the Shareholder Capital Cushion” which has reached a total of almost $12 billion, however, the total amount of bitcoin on hand is less than $5 billion. Closely reviewing the attestations seems to suggest that Tether has not increased its quantity of bitcoin since its last attestation three months ago, despite these record profits .  This can be further confirmed by checking bc1qjasf9z3h7w3jspkhtgatgpyvvzgpa2wwd2lr0eh5tx44reyn2k7sfc27a4, the address that The Block has previously identified as where Tether w...

Ripple ’s XRP token is witnessing a trend reversal, while other assets continue to struggle. XRP is currently the best-performing cryptocurrency among the top 100 projects by market cap. The asset has rallied 8.8% in the last 24 hours, 5.8% in the weekly charts, 5.5% in the 14-day charts, and more than 35% over the previous month. Source: CoinGecko Also Read: Ripple : Analyst Explains How XRP Can Still Target $100 in 2025 The latest rally is likely due to increased investor hopes for a settlement in the SEC vs. Ripple lawsuit. A recent filing by the US SEC shows that the financial regulator wants to amend its complaint against Binance regarding “Third Party Crypto Asset Securities.” What this implies is that the judge will not have to give a ruling on whether certain crypto assets are securities or not just yet. The SEC’s move may have boosted investor sentiment and led to increased hopes around Ripple ’s XRP being deemed a non-security. Will Ripple’...

The market’s positive outlook has led to a notable increase in investor confidence. This surge indicates investors’ eagerness to explore the best altcoins to invest in now , with expectations of bullish trends. Consequently, Altcoins have become increasingly appealing to investors looking for diverse investment opportunities. However, selecting the most suitable altcoin demands careful attention and extensive research. This article aims to simplify the decision-making process. It does this by spotlighting several noteworthy altcoins worthy of investment consideration. 6 Best Altcoin to Invest in Now  Several events have culminated in seeing the prices of several altcoins like Dogwifhat, ORDI, Convex Finance, and Bittensor become attractive investment options. This renewed interest in alternative cryptocurrencies is boosting investor confidence. It has also led several investors to review and modify their portfolios actively. Compared to Bitt ensor ’s robust pe...

With Bitcoin hovering near a crucial $70,000 level, certain memecoins are showing signs of explosive potential. These quirky digital assets could see massive gains if BTC maintains its lofty position. This article reveals five standout memecoins that might surge, capturing the market's imagination and delivering tremendous returns. CYBRO Presale Achieves $1.5 Million Milestone: A One-in-a-Million Investment Opportunity CYBRO is capturing the attention of crypto whales as its exclusive token presale quickly surges above $1.5 million . This cutting-edge platform offers investors unparalleled opportunities to maximize their earnings in any market condition. Experts predict a potential ROI of 1200% , with CYBRO tokens available at a presale price of just $0.03 each. This rare, technologically advanced project has already attracted prominent crypto whales and influencers, indicating strong confidence and interest. In an exciting development, CYBRO has also launched a referral p...

Hong Kong’s Legislative Council Member Johnny Ng has proposed integrating Bitcoin into the city’s financial reserves. This initiative, reflecting a broader trend towards digital assets, aims to leverage Bitcoin’s perceived value and hedge potential economic uncertainties. Johnny’s proposal highlights the region’s strategic position in the evolving Web3 and blockchain sectors. Former U.S. President Trump recently gave a speech at the U.S. Bitcoin Summit, sharing his views on Bitcoin. Bitcoin and Web3 have already gained the attention and development of countries around the world, and Hong Kong is also actively becoming a hub to promote technological… pic.twitter.com/e1UFCb6g1q — Johnny Ng 吴杰庄 (@Johnny_nkc) July 28, 2024 Bitcoin as ‘Digital Gold’ Johnny’s proposal comes when Bitcoin is gaining significant global recognition. Often called “digital gold,” Bitcoin is increasingly seen as a hedge against inflation due to its decentralised natur...

The price of Bitcoin has gone up an impressive 20% in the last three weeks, which has once again drawn the attention of traders and investors. The solid price ascent has caused a big change in the market’s mood. Traders are feeling more hopeful than they have since the last couple of weeks. Related Reading Technical Indicators Show Strong Bitcoin Bullishness – New ATH On The Horizon? 20 hours ago The ratio of positive to negative comments about the top crypto asset has registered its highest point in more than a year, data provided by Santiment show. This is an indication of the renewed enthusiasm that the cryptocurrency industry is experiencing. There are various causes of this increase. Market observers cite emerging technology, institutional interest, and economic trends as the key drivers. These elements have restored inves...

Bitcoin (BTC) has once again failed to breach the $70,000 resistance zone, exhibiting volatility in the last 24 hours, with the crypto dropping to below $67,000 at some point. Indeed, Bitcoin failed to capitalize on Republican presidential nominee Donald Trump’s bullish sentiments about incorporating the crypto into the United States Treasury. Despite Bitcoin’s short-term price volatility, analysts maintain that the maiden crypto is destined for a new all-time high. Particularly, in an X post on July 27, analyst apsk32 indicated that Bitcoin’s historical price movement models have a target of about $200,000. Picks for you ChatGPT-4o weighs in on BlackRock’s ‘only 2 cryptocurrencies worth buying’ 1 hour ago Opportunity: Ana...

Shiba Inu (SHIB) is one of the most successful cryptocurrency projects of the last four years. Launched in August 2020, SHIB’s price skyrocketed during the 2021 bull run, rallying by many million percent. SHIB’s stellar performance made the asset somewhat of a “millionaire-maker” as early investors were reaping six to seven-figure profits from the asset. If you had invested $1 every week in SHIB since its launch in August 2020, you would have put in $198 so far. In the last four years, your portfolio’s value would have skyrocketed to nearly $6 million, a rise of 3,006,079% (3 million percent). Source: CryptoDCA Also Read: Shiba Inu: You Could Have Made $2.7 Million By Investing Just $15 If you had instead invited $1 weekly in Shiba Inu (SHIB) till it hit an all-time high of $0.00008616 in October 2021, you would have put in $65. In this scenario, your portfolio’s value would have been $12.3 million, a rise of 19,064,676% (19 million percent). Source:...

A UK hacker behind a Coinbase login scam that used dummy websites and sob stories to steal more than $900,000 worth of crypto has been jailed for three-and-a-half years.  As reported by the Norwich Evening News, 24-year-old Elliott Gunton was jailed at Norwich Crown Court for his part in a hacking plot that involved mimicking the website of crypto exchange Coinbase to fraudulently obtain user login details. The group would also call various telecom companies and use ‘sob stories’ to divert phone calls and access private account details.   Hong Kong police say alleged scammers swapped 11K fake notes for USDT Read more: UK ‘El Chapo’ faces 120 years in US prison over bitcoin-for-drugs ring The scam took place in 2018 and 2019, but by then Gunton was already a seasoned hacker . When he was just 16, he hacked the UK phone company TalkTalk and sold stolen customer data in exchange for crypto. Also in 2019, he was ordered to pay back £407,359 ($524,000) and received a three-and...

A widely followed crypto analyst and trader believes that one memecoin is heading for the next leg up. Pseudonymous crypto trader Altcoin Sherpa tells his 216,400 followers on the social media platform X that Pepe’s (PEPE) market fundamentals look strong. “PEPE: never got a chance to add at $0.00001111, I’m still in this though. Looks strong as hell. Still a big fan of memes overall.” Source: Altcoin Sherpa/X Pepe is trading for $0.00001128 at time of writing, down 8% in the last 24 hours. Next up, the analyst says Ethereum (ETH) rival Solana (SOL) has more upside potential due to network activity. “SOL: go long Solana. Why? Because SOL memes are still taking off and everyone’s denominated in Solana there. Being in the shitcoin trenches really helps understand this stuff much more. Expecting pullback soon but that’d be the dip to buy in my opinion.” Source: Altcoin Sherpa/X Looking at the analyst’s chart, ...

In the colorful realm of meme coins, the playful antics of Dogecoin’s founder and PEPE Coin’s rapid ascension have cleared the stage for a thrilling newcomer: MOONHOP. While the head of Dogecoin humorously comments on the bleak retirement prospects for millennials, and PEPE Coin surfs the meme popularity wave,  MOONHOP is silently spearheading a financial upheaval. Launching its venture at only $0.014 per token, MOONHOP has swiftly moved past the significant $1 million valuation. More than just a new face in the crowded meme coin arena, MOONHOP transforms the scene with its innovative approach and spirited community engagement. Dogecoin Founder Mocks Retirement Savings Recently, Billy Markus, the creator of Dogecoin, also known as Shibetoshi Nakamoto, made a witty observation on millennials’ prospects for retirement savings via social media. He suggested their savings might barely equal one Bitcoin—far from the idyllic $1.65 million retirement goal....