In the ever-expanding universe of cryptocurrencies, Tether (USDT) has emerged as a significant player. Tether (USDT) is a cryptocurrency that serves as a stable coin, pegged to fiat currency, specifically the US dollar. It was created to provide stability in the cryptocurrency world, allowing users to conduct transactions without being subject to significant price fluctuations, and for storing and transferring value within the cryptocurrency space. Over the years, it has become one of the most popular cryptocurrencies among traders and investors, holding a special significance in the cryptocurrency market. In this article, we will explore what Tether is, how to buy and store it, and delve into the key aspects of using this cryptocurrency.
A surge in the “whales”activity, “letters of happiness” from Roskomnadzor, a lawsuit against McCaffee
Large investors or, as we used to call them "whales", usually show activity at the moments of the fall in the value of bitcoin in order to buy cryptocurrency on more favorable terms for themselves.
Over the past few days, after reports of the attack of US regulators on the BitMEX exchange, and especially after the current US President Donald Trump was hospitalized, there has been another surge in whale activity. This trend indicates the dominance of positive sentiment in the country of large traders who are confident in the long-term increase in the price of bitcoin.
This behavior of the hodlers lays the foundation for the dominance of a positive trend in the cryptocurrency market.
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On October 9, 2020, the BTC hashrate reached a new historical maximum. At the moment it is about 170 EH/s. Some time ago, experts predicted a complete recovery of the market after the halving, and the predictions began to come true. Bitcoin really gained more than 10% of the value and was able to become one of the most sought-after alternative assets.
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Roskomnadzor demanded that Russian telecom operators provide information about the presence of Google cache servers. In its requests, the department refers to the law on the isolation of the Runet. Most likely, this is due to political games, because the Russian authorities cannot control the Google servers in order to remove objectionable content.
Google Global Cache caching nodes are installed in the networks of large Internet service providers. If they are disabled, Google services, especially Youtube video hosting, will not be able to work efficiently for Russian users.
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US authorities have released a 71-page report on the risks associated with anonymous cryptocurrencies. The Cyber and Digital Technologies Working Group found no evidence that digital assets "do not undermine public and national security."Threats include money laundering, tax evasion, hacker attacks and fraud. The crypto community did not appreciate the document and recognized it as controversial, and the US over-regulates the industry.
At the same time, the US Treasury plans to explore the possibilities of blockchain and digital currencies in parallel with the Fed. Such interest in distributed ledger technology is due to the possibility of using them to circumvent sanctions and existing mechanisms to combat money laundering and terrorist financing.
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Apple denied Pavel Durov's messages about the requirement to block Telegram channels with the data of the Belarusian security forces. Apple representatives report that messenger users have complained about the use of their personal data. It was required not to block the channels, but only to remove personal information that could provoke violence.
Earlier, the founder of the Telegram social network Pavel Durov said that Apple demanded it to close three channels. Personally, Durov himself would not want to close the channels, but according to him, Apple, as a rule, leaves no choice and blocks them on its iOS.
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On Monday, October 5, 2020, the US Securities and Exchange Commission filed a lawsuit against John McAfee.
The reason for this is this: From November 2017 to February 2018, McAfee used his "public identity" to earn more than $23.1 million. Seven unidentified ICO issuers are mentioned who privately communicated with the McAfee team to convince him to publicly promote their ICO in exchange for payment in BTC and ICO project tokens.
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The digital euro (CBDC) will be used not only in Europe, but also beyond its borders. This information is indicated in the report of the regulator, published at the end of last week. The document says that research in the field of creating and using CBDC will continue throughout the next year, so the European Central Bank will not rush to launch the token.
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To date, there is still an opportunity to mine 2.5 million BTC. Recall that the maximum supply of bitcoin is only 21 million. The ChartBTC service informs: there are already more than 18.5 million BTC in circulation. Forecasts say that half of the 2.5 million bitcoins will be mined in the next three to four years.
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