Tether announced on Thursday it will coordinate with a third party to perform a chain swap for raising more than 1 billion USDT while keeping the total supply the same. Tether plans to use Tron TRC20 for the swap. The decision came as the USDT plunged to 0.95, destabilizing its Dollar peg. Just after Tether,
The post Tether Makes $1 Bln Swap To Support The USDT Peg, Here’s How appeared first on CoinGape.
Elon Musk Twitter Takeover Finally A Done Deal With SEC Filing, What Next?
The Elon Musk Twitter Takeover could finally come to an end soon with the latest SEC filing over the purchase. Musk’s team mentioned that it intends to proceed to closing of the transaction contemplated by the merger agreement for Twitter. In a latest development, Twitter representatives expressed intention to close the deal. A Twitter spokesperson The post Elon Musk Twitter Takeover Finally A Done Deal With SEC Filing, What Next? appeared first on CoinGape.
Just-In: European Parliament Votes For Crypto Tax System
The European Parliament has voted in favour of a more coordinated and fair taxation system for cryptocurrencies, and to utilize blockchain technology in facilitating a more robust approach towards mitigating instances of tax evasion. Over 80% Members of the European Parliament vote in favor of resolution The resolution which was drafted by MEP Lídia Pereira The post Just-In: European Parliament Votes For Crypto Tax System appeared first on CoinGape.
MATIC – The how and why of this buying opportunity
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. MATIC sees a surge past a key resistance following an announcement Price action needs to develop further but a buying opportunity could arise The native token of Polygon has posted rapid advances on the price […]
Institutions are hesitant about investing in Bitcoin, cryptos – Here’s why
The latest insights into digital asset investment products (DAIP) and their weekly numbers highlight a troubling trend. Needless to say, such a trend is bound to come to the attention of investors too. The report, published by CoinShares, found that last week marked the third consecutive one with diminishing inflows into these investment products. With […]
Cosmos Hub’s V2 proposal fails to light fireworks for ATOM as…
How is success measured? Well, different platforms have different measures in place. As far as Cosmos ($ATOM) is concerned though, “success will depend on the changes made to $ATOM and whether that can attract more projects to build.” Ergo, the question – Is that the case? Here’s AMBCrypto’s Price Prediction for ATOM for 2023-24 Rising […]
Will Litecoin’s new update improve its chances of winning the PoW race
Litecoin [LTC] has been making improvements to its existing technology for quite some time now. In line with the same, the blockchain recently announced an MWEB feature that would allow users to make confidential transactions. MWEB is now live on #Litecoin Street! MWEB is an upgrade that gives users a new opt-in feature – confidential […]
Dogecoin (DOGE) To Be Twitter’s Native Currency After Elon Musk Takeover?
After Elon Musk Twitter takeover talks resurface, there is a speculation about Dogecoin (DOGE) potentially becoming Twitter’s official native currency. In a latest development, Musk has reportedly proposed to buy Twitter for the original offer price of $54.20 a share. In this context, Elon Musk’s close association with the DOGE project is resulting in a new The post Dogecoin (DOGE) To Be Twitter’s Native Currency After Elon Musk Takeover? appeared first on CoinGape.
Quick gains for Solana [SOL], but here’s how far a breakout is
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. $35 is a strong resistance The bullish momentum of the past few hours might reverse over the next day Bitcoin [BTC] managed to hold on to the $19.2k short-term support, and it was able to […]
Mike Novogratz: Bitcoin (BTC) Price Will Surge Soon After This Fed Action
In the midst of a challenging macroeconomic scenario, Mike Novogratz is optimistic with regards to his Bitcoin price prediction. Novogratz, the chief executive officer of Galaxy Investment Partners, has been a long time supporter of investing in Bitcoin (BTC). However, he does not believe BTC could bounce back massively by the end of 2022. Novogratz recently The post Mike Novogratz: Bitcoin (BTC) Price Will Surge Soon After This Fed Action appeared first on CoinGape.
Bitcoin: Here’s the case for an early Christmas in October for BTC holders
Is optimism around Bitcoin [BTC] and its holders seeing a solid foundation despite the daunting bear? Well, it certainly looks like the case. The overall supply on exchanges has dropped to extreme lows, as per data from Santiment. Here, it’s worth noting that the drop came at a time of wide-market sell-offs. Here’s AMBCrypto’s Price Prediction […]
Just In: Telegram Enables Users With Crypto Transfer Feature
At a time when more and more mainstream companies adapt to crypto, Telegram rolled out cryptocurrency transfer and exchange feature. In a latest, instant messaging service company Telegram had launched a peer to peer cryptocurrency exchange service for its users. The service was developed by The Open Network (TON) Foundation, a group founded by Telegram’s The post Just In: Telegram Enables Users With Crypto Transfer Feature appeared first on CoinGape.
SEC Chair Leading Wrong Narrative Over Crypto Laws?
The U.S. Securities and Exchange Commission (SEC) has filed several lawsuits against different firms and individuals for breaching securities laws. However, Gary Gensler, SEC chair has given out assorted statements over crypto regulations. This time XRP’s lawyer caught Gensler red handed replying to questions over a security. Is SEC chair missing vital info? In the The post SEC Chair Leading Wrong Narrative Over Crypto Laws? appeared first on CoinGape.
European Securities and Markets Authority Blames Crypto For Financial Instability
European Securities and Markets Authority (ESMA) in a paper on Tuesday warned investors that crypto assets are highly risky and may bring financial instability in the future. The ESMA asserts growing links between crypto and traditional markets need increased monitoring and regulatory oversight. The paper shows how European Union officials see risks in the crypto The post European Securities and Markets Authority Blames Crypto For Financial Instability appeared first on CoinGape.
Decoding the significance of 17 October for the bankrupt Celsius Network
Celsius Network [CEL], the New Jersey-based bankrupt cryptocurrency lending company, managed to set the date for auctioning its assets. As per the document filed with the US Bankruptcy Court for the Southern District of New York on 3 October, Celsius will have its final auction on 17 October. Furthermore, a sale hearing would occur on […]
Animoca Brands Eyes Massive Adoption With Strategic Partnership With Top Exchange
Hong Kong-based game software and venture capital company Animoca Brands and Japan’s leading crypto exchange Coincheck have strengthened their strategic partnership. The companies aim to drive massive adoption and user experiences of metaverse and NFTs in Japan. On Monday, Japan’s Prime Minister Fumio Kishida announced promoting digital transformation through metaverse, NFTs, and Web3 in the The post Animoca Brands Eyes Massive Adoption With Strategic Partnership With Top Exchange appeared firs
Just In: White House Pushes Congress To Ramp Up Crypto Laws
Joe Biden, US President’s administration has issued an advisory for Congress to proceed with the crypto currency regulations. The big move has come amid the increasing need for clear digital assets laws by the industry. More strict crypto laws ahead? As per reports, the US Financial Stability Oversight Council, which includes the Treasury department urged The post Just In: White House Pushes Congress To Ramp Up Crypto Laws appeared first on CoinGape.
Just-In: Bitcoin (BTC) Price Most Likely To Rise Above $22,400, Here’s Why
Bitcoin (BTC) price soars nearly 5% and surpassed the $20k level today after struggling to surpass the psychological level for weeks. Experts predict the BTC price could rally above the $22,400 level as this time it’s different. Whale accumulation, low trading volume in the traditional markets, fall in BTC supply on exchanges, and fall in The post Just-In: Bitcoin (BTC) Price Most Likely To Rise Above $22,400, Here’s Why appeared first on CoinGape.
Ripple CEO Flags Twitter BOTs Issue; Will This Help Elon Musk?
Twitter, the social networking giant is caught up in the legal battle against Elon Musk over an abandoned $44 billion acquisition deal. However, the entry of Peiter Zatko, a whistleblower with the BOT data has made this legal tussle intense. Twitter Bot causing issue for Ripple CEO? Meanwhile, another major crypto individual seems to be The post Ripple CEO Flags Twitter BOTs Issue; Will This Help Elon Musk? appeared first on CoinGape.
Tron Founder Justin Sun Speculates Buying Credit Suisse Assets or Shares For Web3
Tron founder Justin Sun on Tuesday expressed interest in buying assets or shares of Swiss financial services group Credit Suisse. He also said bringing the global investment bank to the Web3 ecosystem. Credit Suisse faces market pressure as credit default swaps (CDS) hits a 14-year high. Tron Founder Justin Sun Finds Credit Suisse an Opportunity The post Tron Founder Justin Sun Speculates Buying Credit Suisse Assets or Shares For Web3 appeared first on CoinGape.
The Final Bid Deadline for Celsius Assets Is Coming Soon, Will FTX Make the Move?
Troubled crypto lender Celsius Networks has set the date for bidding of its assets. After filing for Chapter 11 bankruptcy, many big players including FTX U.S. have shown interest in acquiring Celsius’s assets. As per the filing with the US Bankruptcy Court for the Southern District of New York dated Monday, Celsius Networks will put The post The Final Bid Deadline for Celsius Assets Is Coming Soon, Will FTX Make the Move? appeared first on CoinGape.