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Tether's Mining Ambition: A $500 Million Venture into Crypto's Core Tether Holdings Ltd., the leading issuer of stablecoins, has announced its plans to make a significant foray into the mining industry. The company's CEO, Paolo Ardoino, revealed that Tether intends to invest approximately $500 million in its mining business over the next six months. Tether's […]

Cathie Wood's Crypto Market Outlook: $25T by 2030 Ark Invest CEO Cathie Wood is confident that the cryptocurrency market will experience exponential growth, reaching a staggering $25 trillion by 2030. Wood believes that the market will be dominated by two major cryptocurrencies, bitcoin and ether. Currently valued at around $1 trillion, the market is expected

The U.S. Bureau of Labor Statistics recently released the Consumer Price Index for All Urban Consumers (CPI-U) report for October. The report revealed that the CPI-U remained unchanged in October, following a 0.4% increase in September. Over the past year, the all-items index rose 3.2%, indicating a notable trend in consumer pricing. Steady CPI in

Renowned author Robert Kiyosaki, known for his book "Rich Dad Poor Dad," has issued a cautionary warning to investors, emphasizing that fiat money is not a safe investment. Kiyosaki highlights the fact that central banks are buying gold to protect themselves, and he advises investors to take action to safeguard their assets. His recommendation is

Memecoin Leads the Way with Impressive Gains While the overall cryptocurrency market has been relatively stable, some digital currencies have experienced significant movements. On Monday, memecoin (MEME) stole the spotlight with a remarkable surge of 44.28% against the U.S. dollar. This gain made MEME the top performer of the day, capturing the attention of investors

Swan Bitcoin's Decision to Terminate Accounts Swan Bitcoin, a prominent bitcoin exchange platform, recently made an important announcement regarding its policies. The company has decided to terminate the accounts of users who directly interact with bitcoin mixing services. This decision comes as a response to the pressure from banking institutions, following a proposal made by

Blackrock Advocates for Spot Ether ETF Approval Blackrock, the world's largest asset manager, is making a case for the approval of spot Ethereum exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). The company believes that the introduction of a spot ETH ETF would be a significant victory for safeguarding U.S. investors in

The Surge in Transaction Costs Over the past three weeks, the transaction costs for bitcoin (BTC) have experienced a sharp increase, reaching a peak of $15 per transfer just three days ago. Similarly, the cost to transfer ethereum (ETH) has also seen a significant jump. From October 22 to November 12, 2023, the average fee

JPMorgan analysts have cautioned that despite recent legal defeats by the Securities and Exchange Commission (SEC) against crypto firms, there is unlikely to be a significant easing of U.S. crypto regulations. The analysts highlighted the lack of regulation in the industry as a reason for continued regulatory tightening. JPMorgan Sees Continued Crypto Regulatory Tightening In

The Rationale Behind Moody's Decision The credit agency Moody's has recently revised the credit outlook of the United States from "stable" to "negative." This decision comes as a result of concerns over persistent large fiscal deficits and diminishing debt affordability. Moody's announcement follows a previous downgrade by Fitch, indicating ongoing apprehension among investors regarding federal