Investment bank Jefferies suggests that the recent significant surge in gold prices cannot be fully explained by traditional market factors. Instead, they point to Tether, the issuer of the largest stablecoin (USDT), as a major new source of demand. Key Findings on Tether’s Gold Accumulation: Substantial Holdings: Based on attestation data and on-chain activity, Jefferies … Read more
Blockchain Life 2024, one of the world’s leading events in web3, cryptocurrencies and mining sphere, today announced the first wave of its esteemed speaker lineup for the 13th edition of the event. Bringing together over the 10,000 most influential figures from all over the world on October 22-23, the Blockchain Life 2024 promises to deliver powerful insights on … Read more
USDT, also known as Tether USD, isn’t actually a trending or rising cryptocurrency in the traditional sense. Here’s why: USDT: The Stablecoin Tethered to Tradition What is USDT? Unlike meme coins or other cryptocurrencies known for price fluctuations, USDT is a stablecoin. It’s designed to maintain a steady value of $1 USD. How Does it … Read more
Dubai is keen to grab the opportunity of the rise of cryptocurrency trading. According to recent reports, trading activity on OTC platforms in Dubai spiked the prior year primarily because of the more favorable liquidity on these platforms. Among the major factors that express the eagerness of investors to invest in digital assets, risk is … Read more