Tether (USDT) represents a form of stablecoin engineered to preserve a steady value by anchoring it to a reserve asset, typically a fiat currency such as the US dollar. Operating across diverse blockchain networks, including Bitcoin and Ethereum, Tether serves multiple functions.
Facilitating liquidity and price stability in cryptocurrency exchanges, USDT enables users to seamlessly transfer funds between various digital assets and fiat currencies.
Bitcoin began to fall, a boiler miner appeared, Ronaldo received a premium in the crypto – interesting events
Bitcoin fell below $51,000, the lowest level since the beginning of this month. In two weeks, the main cryptocurrency has fallen in price by $10,000. The capitalization indicator has also decreased - it was not possible to keep the bar of $1 trillion.
Prior to this, bitcoin briefly rose in price to $57,200 amid Tesla's statements about the possibility of buying cars for bitcoins. We are talking about transactions without conversion to fiat, thus the company announced its intention to accumulate cryptocurrency. The option is currently available for US residents, but over time, the list of countries will expand. The news was a significant step for the entire cryptocurrency industry: if other companies follow the example of Tesla, the boundaries of the use of cryptocurrencies will expand significantly, and they will become closer in everyday life. The community notes that such a cult figure as Elon Musk adds confidence to all investors.
But the market did not react as everyone expected: by midnight, BTC returned to its previous level, and then fell even lower. The reason was the record expiration of options for bitcoin, in which, according to the theory of "maximum pain", the markets tend to the least profitable mark for the buyer. Thus, large players - sellers of options will minimize losses as much as possible. Despite the non-bearish trend, analysts do not consider the current price level to be optimal for buying, the price is expected to be less than $50,000 (this text is not an investment recommendation).
Traders lost over $2 billion per day on the fall in the bitcoin rate. On March 25, the positions of 282,000 users were liquidated in a day against the backdrop of a fall in the bitcoin rate to $51,500, the lowest level since March 8.
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The largest asset management company, Fidelity Investments, has filed an application to launch an exchange-traded fund for bitcoin with the SEC. According to the papers, the fund will be called Wise Origin Bitcoin ETF. The application notes that the fund provides investors with the opportunity to gain access to bitcoin trading through a traditional brokerage account without the risks associated with buying, storing and transferring bitcoins directly, mining them or buying them on the derivatives market.
Goldman Sachs bank will give customers access to bitcoin through bonds. The application for registration of a new product has been filed with the SEC, although the regulator has repeatedly rejected applications for the registration of traded exchange-traded funds on BTC or Ethereum. Therefore, the bank decided to provide indirect access to cryptocurrency in video bonds, the payments from which will directly depend on the effectiveness of the ARK Innovation fund.
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China and Japan have started experimenting with the digital yuan. Six major Chinese banks are introducing CBDC wallets for their customers, the maximum limit of daily transactions about one thousand yuan at first. In Japan, the Central Bank announced the creation of a committee that will work on the CBDC concept. The pilot project will be launched in April.
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Instagram influencer Jay Mazini (real name Jegar Igbar) was accused of cheating his followers by allegedly swindling them out of $2.5 million in bitcoins. He offered to buy bitcoins from his subscribers (about a million people) at a price higher than the market, but he never sent the money. To confirm, he sent a fake document about the alleged transfer of funds. Prosecutors' data confirms that there were not enough funds in Igbara's account to complete the transactions. The investigation into the Igbara case is ongoing. He is currently under arrest in New Jersey. How long he faces is still unknown.
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WiseMining has unveiled a $8,990 boiler based on ASIC miners that heats water and allows you to mine bitcoins. The water heater intelligently uses the heat that is generated as a result of mining, and the developers even found the possibility of connecting the boiler to the central heating system. WiseMining Sato will go on sale in April 2021. Mining equipment is not included, you need to buy one of the compatible devices: Antminer S9, S17, S19, S19 Pro or S19+. In the future, the company is going to present more models of boilers based on ASIC miners.
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Cristiano Ronaldo has been awarded 770 JUV fan tokens, the number of goals he has scored in his entire career. A member of the Juventus club became the first in the world to receive cryptocurrency for success in football. According to Coingecko, the price of one JUV token is $15.26, which means that Cristiano's reward was $11.75 thousand. Fan tokens enable Juventus fans to participate in the life of the club. The tokens were launched at the end of 2019 by the Socios.com app. Then the token cost $2.2. Another football club that has issued its own fan token is Manchester City.
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