Tether crypto exchanges balance hits record high as Treasury prints $1B USDT

Analyst Jeff Currie believes more institutional money is needed to stabilize the market. 4898 Total views 10 Total shares In an interview with CNBC, Currie said Bitcoin’s remarkable run has attracted greater institutional interest, but noted that smart-money investors are still a tiny fraction of the overall market. They will need to come in droves…

The offices of Chinese initial coin offering (ICO) startup GXChain have reportedly been closed by the local police.On Sept. 11, Dovey Wan — founding partner of blockchain-based investment company Primitive Ventures — tweeted a photo of an office taped closed (presumably by Chinese police) and announced that GXChain “got clamped down by the Chinese police.”…

The protocol is safe, but its founder lost his stash of 6% of all tokens. An unknown attacker stole $8 million from the personal wallet of Hugh Karp, the CEO of DeFi coverage platform Nexus Mutual. According to a disclosure by Nexus Mutual, the funds were drained on Monday morning UTC by compromising Karp’s personal…

The second-largest cryptocurrency by market capitalization peaked north of $2,350 on Sunday, its highest reading since June 18. Bitcoin price stability and anticipation of major protocol upgrades are fueling investors’ appetite for ETH. 255 Total views 1 Total shares Ether’s (ETH) $230 million options expiry on Friday appears to have shifted market sentiment in favor…

Let's start off the week with the latest nonfungible token (NFT)-related news in today's Nifty News. The following collections are either ongoing or launching the first week of February.The Beatles memorabilia up for auctionJulian Lennon, the son of The Beatles' musician John Lennon’s, put up NFTs for auction of items from his personal collection of…

In a record-breaking year, the SEC seized $4.68 billion — more than one-quarter of which came from cryptocurrency-related firms. 632 Total views 12 Total shares The Enforcement Division of the U.S. Securities and Exchange Commission (SEC) has collected more than $4.68 billion in illegal income and fines this year so far — with more than…