Tether (USDT) has gone from being a renegade cryptocurrency to becoming the industry's primary crutch during the last seven years, according to a new report. Essentially, USDT is a bridge between traditional currencies like the U.S. dollar and decentralized digital currencies operating on open blockchain networks. Independent crypto outlet Protos provided an in-depth insight into the most common stablecoin and the liquidity providers who supply it to cryptocurrency platforms. According to the report, issued USDT is primarily acquired by just two market makers. Between 2014 and October 2021, Alameda Research and Cumberland received a projected $60.3 billion in USDT, accounting …

Messaging apps are commonplace in our day-to-day interactions, with more than 3.6 billion people worldwide using them. For perspective, the average person is estimated to send up to 72 messages every day. While messaging has dramatically opened up the door to communication, recent high-profile events have shown just how concerning the management of data collected from these apps can be. In September 2021, WhatsApp was fined 255 million euros for data sharing violations. Before this, in August 2020, Telegram suppressed a data leak that exposed the personal information of nearly 500 million of its users. Although these concerns were brought …

In our latest in-depth video, Cointelegraph shares six key tips on how to increase your safety when investing in DeFi by identifying rug pulls — One of the most widespread types of crypto scams. Booming growth coupled with a lack of oversight by traditional authorities has attracted an influx of fraudsters to the DeFi ecosystem. According to a recent report by Ciphertrace, while overall fraudulent activity in crypto is decreasing, rug pull scams in DeFi have been on the rise in 2021. In the typical rug pull, bad actors create a worthless token and list it on a decentralized exchange, …

The Central Bank of Nigeria has reportedly ordered all commercial banks in the country to freeze accounts with at least two individuals engaged in crypto trading. According to a Nov. 7 report from Nigerian news outlet Peoples Gazette, the Director of Banking Supervision, J.Y. Mammanand, issued a notice directing the central bank to close the accounts of two alleged crypto traders and move their funds “in suspense accounts.” Mammanand cited a Central Bank of Nigeria, or CBN, circular issued in February as grounds for the account closures. The crackdown is reportedly part of a larger move by banking regulators to …

In crypto trading we often see entire sectors move in tandem. DeFi coins may all curve upwards together, while metaverse tokens soared on news that Facebook’s getting a Facelift. But this week’s group of top crypto performers have very little in common... except one trading indicator that lit up in pulsating green neon letters before their prices trended upward. We’re looking today at: Polygon (MATIC) — a layer-2 scaling solution for Ethereum Aave (imaginatively, AAVE) — a decentralized finance (DeFi) asset Voyager (VGX) — a crypto trading platform Koinos (KOIN) — a feeless foundational blockchain built for scalability Linear (LINA) …

Crypto investors are encouraged to maintain a minimal level of wariness when using large centralized platforms, a recommendation is given by industry analysts who are aware of these players’ main priority being increased market share. Although many are well-known names, when users aren’t the priority, it is not uncommon for their experiences to be met with a lack of trust and transparency. Consequently, the trading process is opaque and may involve higher trading fees, delays due to peaks of demand or poorer selection. To encourage adoption from new investors and improve the end-user experience, some platforms have suggested alternative structures …

Success stories of investors becoming millionaires overnight continue to circulate the internet, forcing those who haven’t thrown a few dollars into the cryptocurrency pot into deep feelings of regret. However, before any investor gets too down on themselves, consider this, selecting the right digital currency - the one that will make you rich - is a lot harder than it appears. First, there are thousands of cryptocurrencies around, and secondly, to get rich quickly, traders need to time the market just right. Rather than leave it up to chance, smart investors will create a diversified portfolio to increase their chances …

The Commonwealth Bank of Australia (CBA) is set to launch crypto trading services for the 6.5 million users of its CommBank app. The CBA will become the first bank in Australia to support crypto, and Blockchain Australia says it is “inevitable” that the other ‘big four’ banks including National Australia Bank (NAB), Australia and New Zealand Banking Group (ANZ) and Westpac will soon follow suit. According to a Nov. 3 announcement, the CBA has partnered with the Gemini crypto exchange and blockchain analysis firm Chainalysis to launch its crypto services. The bank will launch a pilot for a limited number …

With Bitcoin (BTC) continuing to hold ground above the all-important $60,000 psychological threshold for two weeks running, a growing chorus of voices seems to be echoing the sentiment that the market may be in the midst of another “Bitcoin season.” This basically refers to a window of time where money flows from various altcoins back into the flagship cryptocurrency until eventually, the interest starts to dry up and the capital once again starts to move back into different altcoins. To assess whether such a notion really exists and is worth paying any attention to, Cointelegraph reached out to Kadan Stadelmann, …

You can’t predict the future, but you can learn from the past. And some crypto tokens are much (much) more predictable than others, when you analyze their historical trading patterns. In fact, five cryptocurrencies in particular have exhibited the kind of trading predictability that could give sharp-eyed crypto traders a huge advantage in the markets. These five tokens have all demonstrated one thing in common: After strong bullish conditions were detected, they averaged an increase in value when measured after 24, 48, and 72 hours After extreme bullish conditions were detected, on average they also rose after 24, 48, and …

It isn't breaking news that decentralized finance (DeFi) is growing and has a rapidly expanding ecosystem to match. As the number of blockchain-based financial products extends to replicate the capabilities of traditional institutions, the only thing holding the technology back is mainstream adoption. Part of the reason for the discrepancy in use and adoption is that it is only now that people are beginning to understand the cryptocurrency space. Conclusively, mass adoption isn't a matter of if, so much as it is when. Many platforms and exchanges have continued to pop up in this space, although some work still needs …

Fund managers appear to be scrambling to match demand from investors as major cryptocurrencies such as Bitcoin (BTC), and Ethereum (ETH) teeter around record price levels. According to a Bloomberg Terminal screenshot taken by Bloomberg Intelligence analyst James Seyffart, over 40 cryptocurrency exchange-traded funds, or ETFs, are now awaiting listing in the U.S. The source indicated that four have already been approved by the Securities Exchange Commission, or SEC. The most notable of which is the Ark 21Shares Bitcoin ETF, created in a joint effort by 21 Shares and ARK Invest. The latest fund applications came from AXS Investments on …