Author: CryptoHoppers
Telegram launched as a simple messaging app in 2013. Today, it’s a major player in the cryptocurrency space, integrating the TON blockchain. When brothers Nikolai and Pavel Durov founded Telegram, the startup quickly gained popularity for its emphasis on privacy and speed. In the subsequent years, Telegram underwent a transformation: changing from a communication tool to a key platform for crypto users and applications. In this article, we will retrace Telegram’s journey, from its initial foray into blockchain technology with the TON Blockchain to its legal battles with the U.S. Securities and Exchange Commission and its current influential role in…
Key Takeaways Celsius accused Tether of wrongdoing in a 2022 agreement where Tether provided USDT to Celsius against BTC collateral. Tether denied wrongdoing, claimed the lawsuit is baseless and a “shakedown” attempt to recover losses from Celsius’ mismanagement. Share this article Tether, the issuer of the stablecoin USDT, has fired back at Celsius Network in response to a lawsuit filed against the company on Friday. Tether called the case a “shakedown” attempt to shift blame for Celsius’s financial mismanagement onto Tether.According to a recent blog post from Tether, in 2022, the company and Celsius inked an agreement where Celsius borrowed…
Seven individuals have reportedly been indicted on charges of grand larceny, money laundering, and identity theft for stealing $300,000 in bitcoin from a Queens auto body shop owner. The victim’s 5.75 BTC, originally valued at $92,000, was taken by 20-year-old Aaron Peterson Jr. in November 2022 and later used to purchase luxury items, including a […] Source link
The market capitalization of Tether‘s stablecoin USDT has surpassed $115 billion. According to a somewhat cryptic X post by CEO Paolo Ardoino, Tether’s stablecoin USDT (USDT) hhas reached a significant milestone, surpassing $115 billion in market capitalization. This achievement underscores USDT’s dominance in the stablecoin market, where it has accounted for over 70% of the market for nearly a year. Recent data indicates that USDT’s market cap grew by over $1 billion in the past week, coinciding with a rebound in Bitcoin’s (BTC) current price of $60,200. Tether surpassing $115 billion in market cap is significant because it demonstrates how…
Key Takeaways Bitcoin broke $62,000 on Aug. 8, needing to hold $60,600 as support for potential $65,000 test. Spot Bitcoin ETFs saw $195 million inflow on Aug. 8, with BlackRock’s IBIT leading at $157.6 million. Share this article Bitcoin (BTC) broke $62,000 on Aug. 8 and now needs to hold the $60,600 level as support on the daily chart to try a revisit to $65,000, according to the trader identified as Rekt Capital on X (formerly Twitter).The upward movement was likely triggered by BTC chasing a CME gap between $59,400 and $62,550. A CME gap is the difference between the…
The government of President Javier Milei has created a security-focused artificial intelligence (AI) unit that will use learning algorithms and other technologies to supervise the internet and predict crimes before they happen in Argentina. The unit, created last week, has caught attention in social media due to its similarities with how police act in the […] Source link
The Bitcoin Dominance and Tether Dominance chart underlined BTC’s strength. There were signs of high buying power due to the stablecoin supply, which could help with recovery. The Bitcoin [BTC] Dominance metric has rocketed higher in recent weeks. During this time, the price of the king of cryptos has formed a bearish structure on the weekly chart. On the back of negative macroeconomic news, BTC dived as low as $49k. Altcoins suffered more-the top 125 altcoins, excluding Ethereum [ETH], collectively lost $187 billion from the market cap since the 5th of August. Range breakout for Bitcoin Dominance Source: BTC.D on…
The US-based investment management company Franklin Templeton, which has over $1.5 trillion in assets under management, has introduced the OnChain U.S. Government Money Market Fund on Arbitrum. This is the third blockchain platform in which the fund has invested. It is currently available on Stellar and Polygon and seeks to extend the use of blockchain technology in the conventional financial sector. Franklin Templeton Expands Fund to Arbitrum Network Arbitrum, a layer-2 solution for Ethereum, has opened up trading of the fund’s shares for investors. Earlier, these shares were listed on Stellar and Polygon blockchains. The company initially plans to focus…
In the volatile world of cryptocurrencies, some believe meme coins are the best way to make easy money. Today on August 9, 2024, an on-chain analytic firm Lookonchain shared a post on X (previously Twitter) revealing that five insider wallets have made over $4 million from a newly created meme coin. Meanwhile, another trader lost nearly $1 million at the same time in the same token as its price crash.Five insiders made $4 million with new meme coinAccording to lookonchain, these five insiders created a new wallet following the launch of this new meme coin and withdrew funds from Coinbase…
Crypto exchange Binance’s security team has recovered or frozen over $73 million in stolen user funds so far this year, surpassing the $55 million recovered in 2023. This achievement highlights the company’s commitment to improving cryptocurrency security. Binance Recovers $73 Million in Stolen User Funds Crypto exchange Binance announced on Wednesday that its security team […] Source link