Tether Market Capitalization Reached $82.51B Surpassing USDC  

Tether Market Capitalization reached over $80 Billion for the first time in the last 11 months. On April 05, the market capitalization of USDT reached $ 80.140 billion following the rising trend. On April 03, the market cap was $82.404, and the highest market capitalization recorded was $82.518 Billion.  USDT is an asset-backed stablecoin issued by Tether, a Hong Kong-based company. The value of stablecoin always remains in the ratio of 1:1. According to White of Tether, for every stablecoin issued, a reserved asset is kept for every issued USDC.  Pinagmulan: CoinMarketCap  According to CoinMarketCap, at press time, the trading volume of USDT surpassed the 24-hour trading volume of Bitcoin. In a 24-hour trading session trading volume of Bitcoin is over $12 billion, and USDTs 24-hour trading volume is above $22 billion. The rising market capitalization is making a staircase pattern.  CoinMarket ranked USDT third and its competitor USDC Coin is ranked fifth.  At a point in time, market capitalization and market rank of USDT were below USD.  At press time USD coin has a market capitalization of $32 billion. USDC‘s market capitalization is 60% less than USDT’s market capitalization.  After the Silicon Valley Bank collapse, USDT cleared that it has no exposure with Silvergate, Signature Bank

2023-04-09Industriya

Auditor and underwriters cited in SVB collapse lawsuit

An auditor and underwriters have reportedly been named for the first time in a lawsuit concerning the collapse of Silicon Valley Bank.  SVB‘s auditor KMPG along with underwriters including Goldman Sachs, Bank of America and Morgan Stanley, in an investor lawsuit based on alleged misstatements leading to the bank’s collapse, according to Bloomberg.  The complaint was filed Friday in the federal court in San Francisco.  The suit names Silicon Valley Bank Chief Executive Officer Greg Becker and other bank directors and officers as defendants.  FDIC SAYS FIRST CITIZENS BANK HAS REACHED DEAL TO PURCHASE SILICON VALLEY BANK  Ang logo ng SVB (Silicon Valley Bank) ay makikita sa larawang ito na kinunan noong Marso 19, 2023.  .Collectively, the defendants “misrepresented the strength of the companys balance sheet, liquidity, and position in the market,” according to the lawsuit.  BASAHIN SA FOX BUSINESS APP  The executives, auditor and underwriters “understated and concealed the magnitude of the risks” facing the bank, which undermined the value of its own securities portfolio, it said.  FOX Business has reached out to KPMG, Goldman Sachs, Bank of America, Morgan Stanley and Keefe, Bruyette & Woods, Inc., which is named as an underwriter defendant, for comment.  AMERICANS FAITH IN BANKS DROPS AFTER FAILURES: POLL  Naghihintay ang mga customer sa linya

2023-04-09Industriya

5 S&P 500 Stocks Near Buy Points As Recession Fears Rise

S&P 500 medical stocks Cardinal Kalusugan (CAH), Mga gamot sa Vertex (VRTX), Merck (MRK), Matalinong Surgical (ISRG) at Insulet (PODD) are in focus this week.  Medical stocks are coming into favor again — with companies involved in biotech, pharmaceuticals, medical products and more bouncing back.  The major indexes held up well in a holiday-shortened trading week, but many sectors and leading stocks sold off hard. The Nasdaq fell, but recovered the 12,000 level Thursday. Meanwhile, the S&P 500 edged lower while the Dow Jones moved higher.  Many stocks suffered significant damage during the week. However, S&P 500 medical stocks held up, as health-care related plays tend to do well in tricky markets and economic conditions.  Medical stocks are seen as defensive growth because government and private insurance covers the vast majority of health-care costs, making them recession-resistance. But will this rotation into medical stocks continue?  A lot may depend on whether recession fears continue to grow. On Friday, the March jobs report showed slowing hiring and wage growth but also declining unemployment.  S&P 500: Cardinal Health Stock  CAH shares jumped 4.9% to 79.23 this past week. The drug and medical supplies distributor has shot up nearly 16% since it hit a recent low of 68.53 on March

2023-04-09Industriya

Ethereum’s Shanghai Upgrade and Why the Industry is Excited?

Ethereum is coming up with yet another improvement, the Shanghai Upgrade on April 12, leaving the crypto sector excited. The upgrade would allow billions of withdrawals of their native token Ether. As stakers who have previously staked them for various reasons can now un-stake, speculations are that this could bring the prices down as huge amounts will be in the market.  The Much-awaited Shanghai Upgrade  From its inception till September 2022, Ethereum incorporated energy-intensive proof-of-work (PoW) for transactions. This changed with a hard fork called Merge, and they shifted to proof-of-stake (PoS). This process involved users staking Ether to become validators and earn rewards in return. However, these staked Ether could not be withdrawn; the Shanghai upgrade would allow them to un-stake them. Studies show that almost 16% of the ETH supply is staked and valued at around $37 billion.  However, it is unclear if the users would cash the staked ETH, as the values have fluctuated wildly over the years, especially since crypto winter started in 2022. Speculations are that the initial demand for withdrawal could exceed the new staking on the blockchain. But as time passes, the opportunity to withdraw staked ETH could make the proposition of Ether staking more rewarding

2023-04-09Ethereum

ETH Consolidates Above $1,800 After a Period of Bullish Action – Cryptopolitan

The Ethereum price analysis reveals that bulls are again trying to gather their strength, as the market looks like it could soon be set for a slight uptrend. Ethereum has been consolidating above the $1,800 mark following an impressive period of bullish action.  The bulls have been able to keep ETH above the key support at $1,853, which has been a significant area of contention for the last few days. The price has moved within a tight range and faces resistance at $1,879. However, if bulls can break this level, it could be a sign that Ethereum may soon make an attempt to reach new heights.  The 24-hour Ethereum price analysis shows the bulls are leading the price function to take the price above the $1,800 mark. The ETH/USD price is touching $1,859 at the time of writing, reporting a 0.07 percent increase in value over the last 24 hours. The volume is relatively increasing, which suggests more bullish action in the near future. An ascending trendline is being formed, and the price has been trading above it for the past few days.  ETH / USD 24 na oras na tsart. Pinagmulan: TradingView  The Relative Strength Index (RSI) is currently hovering around the neutral

2023-04-09Ethereum

BTC, ETH, BNB, ADA, XRP, And SOL – Cryptopolitan

Bitcoin Ethereum  BTC, ETH, BNB, ADA, XRP, At SOL – Cryptopolitan  Weekly crypto price analysis shows that most of the coins have been trading in mixed reaction, with bulls and bears being equally active in the market. For the whole of the week, the top coins have remained rangebound between their key support and resistance levels.  Bitcoin has been consistently trading below $29,000 over the last few days. The analyst community is split in their predictions for Bitcoin‘s short-term future. Some predict that Bitcoin’s value may increase to $30,000, while others believe that it may have reached a temporary peak. BTC has been hovering between $27,000-28,000 in the last week.  Heatmap ng presyo ng Cryptocurrencies: Coin360  Ethereum (ETH) price analysis shows that it has successfully broken out of its key resistance level of $1,800 and is currently trading around this level for the past few days. The forecast for Ethereums short-term future is also mixed; some analysts are predicting a potential pullback from this level, while others believe that it will stay above the $1,800 mark in the coming days.  Binance Coin (BNB) has been trading within a tight range of $310-$314 over the last seven days. BNB continues to remain strong in the market and

2023-04-08Ethereum

Pagsusuri ng presyo 4/7: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC

Bitcoin Ethereum  Pagsusuri ng presyo 4/7: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC  42 segundo ang nakalipas  Balita ng Ethereum ng Bitcoin  Bitcoins failure to clear the overhead resistance at $30,000 is attracting profit-booking in select altcoins.  Bitcoin (BTC) has been trading below $29,000 for the past several days. The analyst community remains divided on the near-term prospects of Bitcoin. While some believe that Bitcoin could rise to $30,000, others are of the opinion that a local top has been made.  Bloomberg Intelligence senior macro strategist Mike McGlone said that cryptocurrencies, along with the stock market, crude oil and copper may find it difficult to sustain the recent bounce because bank liquidity levels remain tight.  On the other hand, SkyBridge Capital founder Anthony Scaramucci, while speaking with Yahoo Finance, said that Bitcoins bear market may be over, but he added that it was a guess. However, Scaramucci highlighted that Bitcoin has repeatedly outperformed other asset classes over the long term.  Will Bitcoin turn down from the current level or will bulls regroup and push the price above $30,000? Lets study the charts of the top-10 cryptocurrencies to find out.  Pagsusuri ng presyo ng Bitcoin  Bitcoin has formed a symmetrical triangle near $29,000, which suggests uncertainty among the

2023-04-08Ethereum

ETH consolidates around $1,800, a rebound off the 20-day EMA ($1,778)  – Cryptopolitan

Ethereum  ETH consolidates around $1,800, a rebound off the 20-day EMA ($1,778) – Cryptopolitan  18 segundo ang nakalipas  Balita ng Ethereum ng Bitcoin  Ethereum price analysis for today shows ETH has been trading in a bearish bias since it touched the resistance of $1,883.06.Ethereum has been trading in a sideways movement in the previous few days and the bulls have failed to push prices above $1,883.06.Ethereum is trading at $1,861.40, down 0.06% in the last 24 hours.  Heatmap ng presyo ng Cryptocurrencies: Coin360  Ethereum price analysis shows ETH has been consolidating between $1,800 and $1,883.06 for the past few hours, with a bearish bias. Ethereum price analysis suggests that if the bulls can push ETH above $1,883.06, it could rise to the next resistance level of $2,000.On the other hand, if ETH fails to break past $1,883.06 and falls below $1,800 Ethereum could drop back down to its immediate support at $1,778 (20-day EMA).  On the daily chart, ETH has been trading in a horizontal channel between $1,800 and $1,883.06.The 20-day EMA is sloping flat and the MACD is in the negative zone with a bearish crossover. The RSI has been trading near the overbought level of 70 for the past day or so and Ethereum price

2023-04-08Ethereum

Tezro Offerings of Crypto Asset’s Transfers and Security Makes it Unbeatable

crypto  Ang Mga Alok ng Tezro ng Mga Paglipat at Seguridad ng Crypto Asset ay Ginagawa itong Hindi Matatalo  Si Mr. Pratik chadhokar ay isang Indian Forex, Cryptocurrencies at Financial Market Advisor at analyst na may background sa IT at Financial market Strategist. Dalubhasa siya sa mga diskarte sa merkado at teknikal na pagsusuri at gumugol ng higit sa isang taon bilang isang tagapag-ambag at tagamasid sa mga pamilihan sa pananalapi. Siya ay nagtataglay ng malakas na teknikal na analytical na kasanayan at kilala sa kanyang nakakaaliw at nagbibigay-kaalaman na pagsusuri ng mga pamilihang Pananalapi.  Pinakabagong mga post ni Pratik Chadhokar  With the widespread popularity and acceptance of cryptocurrencies, the user base of the burgeoning asset class witnessed rapid growth. Despite recently emerging assets and volatility, the trust over cryptocurrencies is significant which eventually resulted in people flocking towards it. With surge in its usage, the demand for its safe and secure storage also emerged which quenched after the inception of Tezro like solutions.  Increasing adoption which resulted in holding of own crypto assets. This reserve is prone to digital attacks or hacks by illicit actors who always seek to exploit any potential vulnerability. Tezro facilitates confidentiality to the crucial information of the users crypto

2023-04-08Industriya

Twitter user claims CoinFactory created AGI, scam tokens

Teknolohiya  Inaangkin ng user ng Twitter na nilikha ng CoinFactory ang AGI, mga token ng scam  Recent concerns regarding AGI token have been expressed on Twitter by a user going by the handle @AegisWeb3 who claims it was developed by a platform with a history of producing fraudulent tokens.  Scam token warning  Ang tiririt claims that CoinFactory, a platform that has purportedly produced 61 fake tokens in the past, launched AGI. The tweet also states that AegisWeb3, a tool that enables real-time monitoring of blockchain networks for shady behavior, found this information.  The SingularityNET platforms native cryptocurrency, AGI, attempted to establish a decentralized market for AI services. Major heavyweights in the tech sector, such as Google and Huawei, have expressed interest in the project.  The projects validity and the possibility that it could be a hoax have been questioned in light of the news that CoinFactory developed AGI.  The production of fraudulent tokens by CoinFactory calls into doubt the trustworthiness and security of the whole crypto industry. It emphasizes the requirement for more industry regulation and supervision.  According to a statement released by SingularityNET in reaction to AegisWeb3s results, AGI is a valid currency, and the platform is still dedicated to its goal of developing a decentralized AI

2023-04-08Industriya
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