Tether posts $2.5B in Q3 profits, with 2024 earnings reaching $7.7B

Today as the closing bell rang at Wall Street, Bitcoin (BTC) price corrected sharply, pulling back below $6,000 less than 24-hours after hitting a 7-day high at $6,900. The $1,000 drop from $6,670 to $5,670 is sure to have shocked investors as it is slightly below analyst’s price correction estimates but at the time of…

Presently, there seems to be a general assumption that when the U.S. dollar value increases against other global major currencies, as measured by the DXY index, the impact on Bitcoin (BTC) is negative.Traders and influencers have been issuing alerts about this inverse correlation, and how the eventual reversal of the movement would likely push Bitcoin…

The electronic payment provider is permanently closing operations due to the inability to satisfactorily meet the standards of the FCA after suspending operations for three years. 273 Total views 3 Total shares The electronic payments provider ePayments is putting the final nail in the coffin of its operations. ePayments issued email notices to clients on…

One under the radar cryptocurrency-powered payment app that's been gaining traction across Latin America is Reserve. The platform acts as a convenient way for people to convert their local currencies, which may be undergoing high inflation levels, to the United States Dollar via the Reserve stablecoin (RSV). The network also features the Reserve Rights token…

Bitcoin may be back in a familiar range after snap volatility, but the picture is "undoubtedly bullish" for BTC price, one trader says. 254 Total views 1 Total shares Bitcoin (BTC) teased more rangebound moves on July 7 as traders recovered from a day of volatility.BTC/USD 1-day chart. Source: TradingViewBTC price gets a bid after…

This article was updated to reflect that Bitrue has now acknowledged the hack of its platform.Throughout the past six months, seven crypto exchanges have reportedly seen large-scale hacking attacks to the tune of tens of millions of dollars, with the most recent platform to suffer a security breach being GateHub.As the global crypto exchange market…

Bitfury is planning to launch a Bitcoin mining fund in Japan following a rollout of the offering in North America last month. 478 Total views 12 Total shares Bitfury, a cryptocurrency mining and blockchain development firm, is planning to launch a Bitcoin (BTC) mining fund in Japan in July. Katsuya Konno, the head of  Bitfury…

The Binance-operated BNB Beacon Chain mainnet is set to add a new feature in its upcoming hard fork, which will give the blockchain the ability to “halt” the production of new blocks if certain conditions are met.In a July 12 statement from BNB Chain, the “ZhangHeng” upgrade is expected to take place at block height…

The U.S. dollar lost about 7% of its value in 2020, while Bitcoin rallied about 300% during the same period. As Bitcoin’s institutional adoption increases, United States companies may start to diversify their treasury with other stores of value, and Bitcoin (BTC) stands a good chance to garner a portion of it.Crypto market data daily view.…