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In what is a testament to its dominance, stablecoin issuer Tether generated more profit than BlackRock in 2023. Indeed, the $10 trillion asset manager earned $5.5 billion last year. Alternatively, the USDT issuer generated a remarkable $6.2 billion. The output shows that the crypto company edged out the traditional finance giant by $700 million last year. Tether recently saw its USDT stablecoin reach a market cap of $119 billion. Moreover, the asset dominates an impressive 75% of the market share, easily leading the sector ahead of firms like Cirlce and even PayPal. The performance shows the growing interest in stablecoins, and Tether’s position atop the growing industry. Tether generated more profit than BlackRock $BLK in 2023. Tether: $6.2 billion BlackRock: $5.5 billion pic.twitter.com/QqonDFfWL9 — Watcher.Guru (@WatcherGuru) September 20, 2024 Also Read: Stablecoin Issuers are 18th Largest US Treasury Holder: Bernstein Tether Out Earned BlackRock by $700 Million in 2023 ...

With the cryptocurrency sector’s growing presence in the mainstream, many crypto traders and investors are looking for a chance to earn some profit from its assets, including those that could provide them with a vast income, say $1 million, from investing a relatively low amount like $5,000. Indeed, while investing $5,000 in crypto with the goal of becoming a millionaire in 2025 is massively speculative and involves substantial risk, Finbold has scoured the crypto market to discover assets to consider as a conduit to achieve this highly optimistic objective. #1 Bitcoin (BTC) Specifically, among the most obvious investment choices in the crypto sector is Bitcoin (BTC), the flagship decentralized finance (DeFi) asset that has already made many people millionaires in the past, largely thanks to their ‘HODLing’ behavior and Bitcoin’s steady exponential growth from under $1 in 2010. Picks for you ...

Another day, another fake headline from a crypto influencer. Today, in an alleged first-ever announcement for a state government, Louisiana supposedly announced its acceptance of crypto for the payment of taxes. There is just one problem with that incredible news: It never happened. According to a screenshot and post to X (formerly Twitter) by BitcoinNews.com, Louisiana residents “can now use bitcoin and Bitcoin Lightning Network to pay taxes and fees.” Unfortunately, a fact check reveals that they cannot. According to BitcoinNews.com, Louisiana’s Department of Wildlife and Fisheries accepted bitcoin via the Lightning Network. However, per the actual announcement from Louisiana’s Department of Wildlife and Fisheries, point-of-sale provider Bead Pay accepted bitcoin from a resident, facilitated its sale into US dollars, and then deposited US dollars into a state government bank account. No, California is not adopting bitcoin Read more: No, Russia did not just lift its ban ...

Bitcoin (BTC) trading through summer had investors worried as the world’s premier cryptocurrency entered a pattern of reaching a series of lower lows after recovering to lower highs. Such BTC price action cast doubt upon the notion that the crypto market bull cycle will persist into 2025, but most recent trading has again raised the possibility that the downtrend will end. Bitcoin’s Wednesday climb above $61,500 and then above $62,000 has, per the Analysis of Ali Martinez, a prominent crypto expert on X, signaled the return to the bull market, raising the possibility that BTC may again strive for $70,000 in ‘Uptober.’ Picks for you Citi expert warns of catastrophe if FED is too slow with rate cuts 20 hours ago XYO partners with Upland to ...

The AI Companions price surged 28% in the last 24 hours to trade at $0.08208 as of 6.10 a.m. EST on trading volume that jumped 20% to $4.7 million. The newly launched cryptocurrency that only went live a little over a week ago saw a strong recovery from the losses experienced after its price reached the resistance at $0.080 on September 11. The token spent nearly a full week fluctuating between $0.050 and $0.070, only for its value to see a sharp surge yesterday. As one crypto user stated on X, the drop that followed the token’s launch was the first expected dump after the presale. However, things took an unexpected turn due to FOMO, causing the price to start a recovery. The project also attracted attention after it featured in CoinTelegraph, which gave it much-needed exposure. 🚀AIC Cointelegraph Feature🌐 We are thrilled to announce that AI Companions has been featured on @Cointelegraph —one of the world’s leading Cryptocurrency News and informa...

Bitcoin prices are fluctuating as central banks hint at interest rate cuts. Many wonder if these cuts could push Bitcoin to new highs. Also Read: Ripple: XRP Outperforms Top 10 Cryptocurrencies, Rallies 8.8% How Central Banks’ Rate Cuts and Bitcoin ETFs Could Propel Bitcoin to $100K Source: Freepik.com Anticipation Builds for Fed Rate Decision The crypto market is watching the Federal Reserve’s upcoming meeting closely. Expectations are split between a 25- and 50-basis-point rate cut. This uncertainty has pulled Bitcoin back to around $58,000 after recent highs above $60,000. SEN. WARREN TELLS FED TO CUT RATES In a letter to Federal Reserve Chairman Jerome Powell, Warren accused him of threatening the economy and increasing financial hardship for families in the U.S due to his refusal to lower interest rates. “The Fed’s decision to keep interest… pic.twitter.com/kb4qV1Qx6P — Mario Nawfal (@MarioNawfal) June 11, 2024 Rate Cuts Could Fuel Bitcoin’s Rise Some analys...

TRON (TRX) and Cardano (ADA), the 11th and 12th largest crypto projects by market cap, are battling to enter the top 10 list. TRX has a larger market cap and is closer to entering the top 10 than ADA. While TRX and ADA are incredibly popular, investors, traders, and market participants wonder which asset will first breach the $1 mark. Before speculating which asset will hit $1 first, we should note that TRX has never traded above $1. The asset hit an all-time high of $0.2317 in January 2018, over six years ago. ADA, on the other hand, reached an all-time high of $3.09 in September 2021, about three years ago. Also Read: Bitcoin Boom or Bust? Fed Rate Decision Could Change Everything! Judging by experience, ADA has a better chance of hitting the $1 mark first, as it is not something it has not done before. While Cardano (ADA) is down by nearly 89% from its all-time high, TRX is down by just 35.3% from its peak. TRON vs. Cardano: Which Will Hit $1 First? Source: Bitcoin.com For TRX to hi...

The MAGA price plunged 9% in the last 24 hours to trade at $1.97 as of 00:40 a.m. EST on trading volume that soared 57% to $5.4 million. This comes after Donald Trump helped officially unveil World Liberty Financial (WLFI), his family’s highly-anticipated cryptocurrency project, on Monday night. MAGA Price Bearish – A Rebound Incoming? According to GeckoTerminal data, the MAGA price has been on a downtrend, dropping from the $3.52 resistance within the falling channel pattern, according to data from GeckoTerminal . However, the price of MAGA may have found some support around $1.84, as the price now hurtles towards the upper boundary of the falling channel. TRUMP now trades below both the 50-day and 200-day Simple Moving Averages (SMAs) coinciding with the price trading within the falling channel. Moreover, the Relative Strength Index (RSI) is trading downwards towards the oversold region, currently at 33, which shows that the asset is under intense selling pressure a...

Delta Prime, a decentralized finance (DeFi) application on the Arbitrum and Avalanche blockchains, has been drained of $6 million due to a private key compromise of an administrator address. The alarm was raised by security researcher Chaofan Shou, who also spotted last week’s draining of a recently launched token contract by a lightning-fast MEV bot. The loss was initially estimated to be $7 million before being revised down. Delta Prime @DeltaPrimeDefi admin private key leaked. All pools are drained. $7M loss already. Withdraw ASAP!https://t.co/uNn5nZoHp3 pic.twitter.com/se3RebRjpX — Chaofan Shou (@shoucccc) September 16, 2024 Read more: ‘Cryptographic performance art’ drains contract one block after launch  According to Shou, the compromised admin address on Arbitrum was used to upgrade DeFi Prime’s proxy contracts to a malicious contract which “can inflate the deposited amount of the hacker on all pools.” The incident comes a month after pseudonymous blockchain i...

Non-fungible tokens are gradually gaining traction in the crypto market, but this time around, they are cheaper and more affordable than many traders could expect. The global non-fungible token market has slightly increased in trading sales volume this week, breaking its recent negative trend that held trading sales volume below $100 million for the past several weeks. NFT Sales Jump 3% This Week Data compiled by CryptoSlam.io, an on-chain crypto market data aggregator and a multi-chain non-fungible token explorer backed by crypto billionaire Mark Cuban, indicates that the global non-fungible token market has recorded some positive growth again this week. In the past seven days, the global NFT market has attracted a trading sales volume of $82 million, representing a 3.09 % increase from the past week. During this period, the number of investors buying non-fungible token collections has increased this week. In the past seven days, the global NFT market has seen 220,000 cryp...

Amid the financial world’s debate over which asset is a better option—gold or Bitcoin (BTC)—popular investor Robert Kiyosaki has weighed in with his views on the discourse. Kiyosaki, the author of the best-selling personal finance book Rich Dad Poor Dad , expressed his frustration about why the debate exists in the first place, he lamented in an X post on September 13. The financial educator pointed out that the ‘only facts that count’ are the ownership of the assets rather than focusing on which performs better in the market or offers superior technological innovation. Picks for you Crypto millionaire loses over $40 million with this trade 53 mins ago Revealed - Here's the S&P 500 best trading strategy since laun...