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.
Billionaires criticize bitcoin, there was a data leak in Trezor — the main events of the week
On February 21, bitcoin reached a new all-time high of $58.3 thousand, after which the rate rolled back to $48.967: within one day, the main cryptocurrency decreased by almost $10,000. Because of this, traders liquidated long positions in bitcoin futures in just an hour for $410 million. The mark of $46,200 became the local minimum of the last two weeks.
The decline came amid criticism of bitcoin by Indian billionaire Rakesh Junjhunwala, who called for a ban on the cryptocurrency in India. The board of directors of Warren Buffett's company Berkshire Hathaway excludes the possibility of investing in bitcoin, and the author of the work "Black Swan" Nassim Taleb called bitcoin supporters amoebas who "think in binary form." Microsoft co-founder Bill Gates urged not to follow the example of Tesla and be more careful with bitcoin. In his opinion, digital currencies should be transparent, and transactions should be reversible, for example, as in his charitable foundation Bill & Melinda Gates Foundation. US Treasury Secretary Janet Yellen called the first cryptocurrency extremely inefficient for transactions due to its speculative nature, on Twitter they called this event a declaration of war on bitcoin.
Let sceptics continue to discuss bitcoin, but in the meantime, the number of cryptocurrency users on exchanges alone has already exceeded 100 million. In January, the increase in users was 15.7%, although in previous months the dynamics was much less.
Glassnode Report: Whales sold 140,000 BTC in February. The analytical company suggested that large holders of the first cryptocurrency could take profits at maximum levels. Bitcoin wallets holding between 1,000 BTC and 10,000 BTC sold $6.72 billion worth of assets in a month. They purchased 80,000 BTC last month.
MicroStrategy bought more bitcoins. On February 24, about 19,452 BTC worth over $1 billion were purchased. The rate at which the purchase was made averaged $52,765 per 1 BTC. In total, the company that converted part of its free capital into bitcoin currently owns 90,000 BTC.
One of the oldest Swiss banks has added support for cryptocurrencies. Geneva-based Bordier & Ciel has provided the opportunity to operate with Bitcoin, Ethereum, Bitcoin Cash and Tezos, and this list will expand in the future. The regulated cryptobank Sygnum acted as an intermediary, which guarantees compliance with all AML procedures.
"Bordier continues its 177-year tradition of preserving client wealth for future generations by offering next-generation assets."
Beran Island Resort in the Marshall Islands has started accepting bitcoins. As part of the "Trip to the Wilderness" program, 15 participants will be able to rent an island to go fishing, surfing and scuba diving. The whole package of services costs 1 BTC. The authorities of the Marshall Islands in 2018 adopted a Law on sovereign currency, which will allow the citizens of the island to reduce dependence on the US dollar, and in this case, the recognition of cryptocurrencies meets the interests of the region.
The European Central Bank (ECB) wants the power to block the launch of stablecoins like Diem. In their opinion, stablecoins, similar to those that Facebook will release, are dangerous by weakening control over payments and the situation in the banking sector, and as a result, by reducing the sovereignty of monetary policy.
The hackers have put up for sale a database that they claim contains over 300,000 Trezor users. The amount that they want to get for the sale is 2 BTC and can be increased in the future. The base contains names, e-mail addresses, phone numbers and specified actual addresses of residence of users. Representatives of the wallet manufacturer said that this announcement is most likely fake, but the information will be further verified. Previously, the same seller created an ad to sell the user base of Ledger wallets.
Current Articles
11.11.2024
Donald Trump’s victory in the U.S. presidential election has become a powerful catalyst for the cryptocurrency market. Since the election results were announced, Bitcoin, the first cryptocurrency, has begun to surge rapidly, reaching new all-time highs almost daily. On November 10, 2024, Bitcoin’s rate exceeded $80,000, setting a new record and surpassing the capitalization of Meta Corporation.
07.11.2024
With the development of cryptocurrencies, increasing attention is being paid to their potential in various fields, including charity and humanitarian aid. Stable cryptocurrencies like USDT (Tether) possess unique characteristics that make them particularly attractive for use in international donations and charitable initiatives. This article explores how USDT can simplify the process of international donations and enhance transparency in the use of funds for charitable organizations.