A closely followed crypto analyst is identifying one key factor that could cause Bitcoin (BTC) to plummet all the way down to $85,000. In a new thread on the social media platform X, crypto trader Justin Bennett tells his 115,700 followers that the next time prominent stablecoin Tether’s (USDT) dominance level (USDT.D) tests the 4.7-5% […]
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Even with Bitcoin surging past $100,000 for the first time, some critics have remained skeptical about the cryptocurrency’s future.
Bitcoin, the world’s largest cryptocurrency by market capitalization, is no stranger to criticism from economists, politicians, bankers and investors.
Since its launch in 2008, Bitcoin (BTC) has been subject to countless hateful and skeptical reviews, with some critics calling it a scam or prophesying that Bitcoin is poised to go to zero.
As Bitcoin has grown and matured in the past few years, some critics have reinvented themselves as Bitcoin lovers, while others have dialed back their reasons for disliking the cryptocurrency.
Crypto industry executives share with Cointelegraph what they expect for the now $200 billion stablecoin market next year.
Crypto stablecoins have seen massive successes in 2024, with the fiat currency pegged assets reaching an all-time high circulating supply of over $200 billion in December.
Stablecoins — cryptocurrencies designed to mimic the value of a currency, most popularly the US dollar — are an integral part of the crypto ecosystem and account for 5% of the crypto market value.
With 2025 approaching, Cointelegraph has rounded up the industry’s forecasts and predictions on what key stablecoin trends to expect next year.
Kaspersky says scammers are targeting digital thieves, baiting them with keys to loaded-up crypto wallets and swiping any crypto added to pay fees.
Scammers are pretending to be naive crypto users who post the seed phrase to a loaded-up wallet online in a scheme that swipes crypto from those trying to raid it.
“Scammers have invented a new trick — they post crypto wallet seed phrases in YouTube comments using newly created accounts,” cybersecurity firm Kaspersky analyst Mikhail Sytnik said in a Dec. 23 blog post.
The researcher found comments in finance-related videos from users asking how to transfer Tether (USDT) from a crypto wallet to another wallet, which shared a seed phrase.
Stablecoin company and USDT issuer Tether is reportedly planning to venture into the artificial intelligence (AI) space. Tether CEO Paolo Ardoino is unveiling Tether’s vision to launch a platform that will enable people to interact with artificial intelligence using their mobile phones, reports Bloomberg. Tether plans to launch the AI platform in the first quarter […]
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Ethereum layer-2 networks now lock over $13.5 billion in stablecoins, driving total market capitalization to $205 billion.
Stablecoins locked onto Ethereum layer-2 networks have reached a new all-time high, showcasing rising demand for cryptocurrencies.
The stablecoin supply to all blockchains combined is dominated by Tether (USDT), USD Coin (USDC) and Ethena’s stablecoin, USDe.
As of Dec. 20, the Ethereum blockchain held $13.5 billion worth of stablecoins, according to data from Tie Terminal, a crypto data platform for institutions and Cointelegraph Markets Pro. The overall stablecoin circulation crossed $205 billion, showing the ecosystem’s growing relevance in real-world use cases.
The market valuation of tether (USDT) has now ballooned to a staggering $140 billion. On Dec. 16, this stablecoin’s market cap makes up 3.75% of the colossal $3.73 trillion crypto universe. Tether’s Market Share Soars in 2024 The journey of the dollar-pegged digital economy has been quite the adventure since stablecoins first hit the scene, […]
Coinbase said it will assess reenabling services for stablecoins that achieve MiCA compliance at a later date.
Cryptocurrency exchanges in Europe are preparing to delist locally noncompliant stablecoins as European crypto regulations near an enforcement deadline.
Coinbase Europe, Coinbase Germany and Coinbase Custody International will delist Tether’s USDt (USDT) and five other stablecoins on Dec. 13, Coinbase told Cointelegraph on Thursday.
“Based on the latest information, we currently expect we will have to restrict services for the following assets: USDT, PAX, PYUSD, GUSD, GYEN, and DAI,” Coinbase said, referring to the coins as assets restricted by Europe’s Markets in Crypto-Assets Regulation (MiCA).
The firm behind the largest stablecoin by market cap is announcing the achievement of a significant regulatory milestone. In a new announcement, Tether says USDT has become an Accepted Virtual Asset (AVA), as recognized by the Abu Dhabi Global Market’s (ADGM) Financial Services Regulatory Authority (FSRA). Says Tether CEO Paolo Ardoino of the achievement, “This […]
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The report underscores USDT’s pivotal role in cryptocurrency adoption, bridging the gap between traditional fiat and digital assets. 109 Million Wallets Hold Tether Tether’s second insights report revealed a significant milestone in the adoption of its stablecoin USDT with 109 million onchain wallets holding USDT at the start of Q4 2024. This makes USDT one […]