Tether’s ‘Record-Breaking’ Q4 Profit Partly Attributed to Gold and BTC Price Appreciation

In the last quarter of 2023, Tether Holdings Limited registered a “record-breaking net profit of $2.85 billion.” Overall, the stablecoin issuer’s net profit in 2023 topped $6.2 billion. Tether’s secured loans ($4.8 billion), which are collateralized by highly liquid assets, were “fully covered by the undistributed accumulated profits known as excess reserves ($5.4 billion).” Bitcoin […]

Bitcoin’s steady stand: 146 days of trading between $40k and $45k

Quick Take Bitcoin’s price rally from October 2023, which saw it soar from $25,000 to $49,000 in January 2024, witnessed the digital asset hitting the $40,000 mark for the first time since April 2022 on Dec. 4. From then on, it steadily consolidated above $40,000 for 49 consecutive days. However, it lost the $40,000 support […]

Bitcoin Boom Expected as Banking Woes Increase, Claims BitMEX Founder

The post Bitcoin Boom Expected as Banking Woes Increase, Claims BitMEX Founder appeared first on Coinpedia Fintech News Arthur Hayes, BitMEX’s founder, recently explored factors shaping Bitcoin’s potential rally amidst challenges faced by New York Community Bancorp ($NYCB) and the broader banking sector. In a world where traditional finance meets cryptocurrencies, Hayes sheds light on […]

Zeitgeist Floats DLMSR-Based AMM to Boost Prediction Markets

Coinspeaker Zeitgeist Floats DLMSR-Based AMM to Boost Prediction Markets Zeitgeist, a leading protocol in the decentralized prediction market space, has announced the launch of its Dynamic Logarithmic Market Scoring Rule (DLMSR) based Automated Market Maker (AMM). This cutting-edge development represents a leap forward in the blockchain prediction market sector, introducing a dynamic liquidity model that […]

Binance Faces GitHub Data Leak

Binance has reported a significant data breach, revealing internal code, passwords, and security protocols on GitHub. Despite initial security concerns, the company is taking legal action against the responsible individual. (Read More)

Whales’ Favorites: A List of 5 Must-Watch Tokens

The current crypto market is witnessing a unique trend where Bitcoin whales remain bullish despite a recent pullback. There has been a significant increase in the number of wallets holding between 1,000 and 10,000 Bitcoins since the beginning of the year, despite Bitcoin’s price dropping by 12% since the peak on the ETF approval day. […]

EA eyes metaverse to boost sports game engagement!

The Electronic Arts (EA) company plays an important role in the gaming industry. It extensively studies the top user-generated content themes and how they drive player engagement with its many sports games. In a recent conference with investors, EA CEO Andrew Wilson discussed his future plans, stating that little could prevent the company from developing […]

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