At press time, the largest cryptocurrency by market value traded 0.5% higher on the day at $17,260, having touched a three-week high of $17,391 on Monday, according to CoinDesk data. Ether (ETH), the second-largest cryptocurrency, traded nearly 1% higher at $1,330. Source link

Between rounds of investment, stablecoins are historically the best place to keep your crypto funds. A fiat currency usually backs stablecoins like Tether (USDT). Tether is supported by the U.S. Dollars held in reserve, allowing it to maintain a stable value even through a volatile bear market. So, why are crypto enthusiasts depositing USDT into Big Eyes Coin (BIG) ahead of Ethereum (ETH)? Ethereum is undoubtedly the altcoin king in the crypto market, with only Bitcoin (BTC) ahead of it in… Source link

Bitcoin (BTC) stayed above $17,000 on Jan. 10 as risk assets awaited fresh cues on policy from the United States Federal Reserve. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Powell to kick off week of U.S. macro triggers Data from Cointelegraph Markets Pro and TradingView showed BTC/USD consolidating after hitting $17,396 on Bitstamp the day prior — its highest since Dec. 16. The pair gained in line with gold early in the week, seeing a slight cool-off as U.S. stocks also lay… Source link

Permissionless is the brainchild of Blockworks and Bankless. Over 5,500 people attended the inaugural event in 2022, making Permissionless the world’s largest DeFi conference.  What sets Permissionless apart? It’s a crypto native’s paradise, crafted specifically for both builders and investors who […] Source link

The Grayscale Bitcoin Trust (GBTC) took a surprising development yesterday, Monday, January 9, when the world’s largest private BTC fund rose 12% in price. As TradingView data shows, the GBTC share price stood at $8.65 at the close of trading on Friday. However, during the course of Monday, GBTC saw unexpected buying pressure that pushed the price to $9.72. In contrast, the Bitcoin spot price stagnated around the $17,200 level yesterday. This circumstance has contributed to the GBTC… Source link

A leading analytics firm says that crypto trader sentiment surrounding Cardano (ADA) and Binance Coin (BNB) suggests that both assets could be poised for rallies. Santiment notes that the crypto community has a bearish sentiment regarding both Ethereum (ETH) competitors, compared to a bullish crowd outlook on ETH and payments network XRP. “With crypto market caps bouncing very much in independent directions, we’re seeing notably euphoric crowd sentiment on XRP and ETH. Traders… Source link

Terraform Labs (TFL), the firm behind the defunct algorithmic stablecoin TerraUST (USTC), and its co-founder Do Kwon is back in the limelight again for allegedly running a smear campaign and issuing threats against one of their own community members. It all started in the month of May with the genesis airdrop that was planned after the original ecosystem imploded in the wake of its stablecoin depeg. TFL, in a Twitter thread, claimed that Jimmy Le, a community member entrusted with Terra… Source link

Terraform Labs (TFL), the firm behind the defunct algorithmic stablecoin TerraUST (USTC), and its co-founder Do Kwon is back in the limelight again for allegedly running a smear campaign and issuing threats against one of their own community members. It all started in the month of May with the genesis airdrop that was planned after the original ecosystem imploded in the wake of its stablecoin depeg. TFL, in a Twitter thread, claimed that Jimmy Le, a community member entrusted with Terra… Source link

Crypto whales, or large traders, are staying on the sidelines of the bitcoin (BTC) market despite a risk reset in traditional markets because thin liquidity is making transacting without impacting the cryptocurrency’s price difficult. In signs of the increasing appetite for risk, stocks have gathered upside traction while the U.S. dollar has taken a beating on optimism that China’s reopening is gaining steam and the Federal Reserve may be close to winding up its liquidity-tightening cycle…. Source link

“There’s something known in India that one has to understand. It’s called is Jugard .. it’s a word, which basically says, we find a way to get what we want … One has to think about, okay, something as catastrophic as demonetization has just happened. What do we do with the money that we have? We have to get it back into the mainstream. Cryptocurrency is a route. It’s not out of the realm of possibility, in fact it’s in the realm of probability, that they would have done that…. Source link