Bitcoin Cryptocurrency News Market

Tether Flips Binance Coin For 6th Largest Crypto Spot

Controversy continues to surround Tether, as recent market moves have vaulted the crypto into the sixth position on the world’s list of digital assets.  As Tether fires up its printers once again, many market commentators wonder if this will lead to a sustained BTC prop above the 10K level. Controversial cryptocurrency Tether continues to make Read more…

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Ethereum is a Technological Dead End, Says Samson Mow

Controversial bitcoin maximalist Samson Mow described Ethereum as “a technological dead-end” after the digital ledger project ran out of capacity.  Ethereum Struggles With Congestion Again The network utilization of Ether, Ethereum’s native asset, soared above 90 percent, according to data provided by Etherscan.io. The surge, according to Ethereum co-founder Vitalik Buterin, could prompt transactions costs Read more…

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Cryptocurrency News Market

Whale transfer of $46 billion USDT attempted; but transaction deemed invalid

Tether has maintained its prominence as the gateway coin in the financial ecosystem. Recently, the Tether ecosystem managed to create buzz after a whale transaction was caught by Twitter’s prominent crypto enthusiast @whale_alert, who tweeted, “🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 46,140,337,592 #USDT (46,169,056,069 USD) transferred from unknown wallet to unknown […]

The post Whale transfer of $46 billion USDT attempted; but transaction deemed invalid appeared first on AMBCrypto.

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Bitcoin Cryptocurrency News Market

What’s Happened to Gemini Dollar? Supply Down 92% YTD

Demand for Gemini exchange’s native stablecoin, Gemini dollar (GUSD), has dropped significantly over the last 7 months while other pegged-value assets continue to soar. Gemini Dollar Falls Behind The market capitalization of the dollar-pegged token has been on its way down since December 20, 2018. It has slipped from an all-time high of $103.106 million Read more…

Lightning Network Achieves Record Capacity, Exceeding the Milestone of 600BTC
Bitcoin Blockchain Cryptocurrency News

Bitstamp Unveils Bitcoin Lightning Network Node

On July 8 the Lightning Network got a huge publicity boost as Bitstamp announced that it had launched its own Lightning node. Another Step Toward Widespread Adoption On Monday Bitstamp revealed that it had launched a Bitcoin Lightning node to further facilitate the growth of Bitcoin’s Lightning Network (LN). The European cryptocurrency exchange said that Read more…

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Bitcoin Cryptocurrency News

These Factors Are Pushing Bitcoin Price Above $6000

Bitcoin price reached a high of $5930 May 7 as renewed momentum fuelled a market surge towards the significant $6000 barrier. Bitcoin Price Highest Since November 2018 Data from traditionally more conservative price tracker Bitstamp showed BTC/USD trading just under $5900 at press time. The pair reached its highest value since November 2018 earlier on Read more…

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Bitcoin Cryptocurrency News Market

Tether Lawyer Shocker: Only 74% Backed by Cash, How Will Bitcoin React?

CCN.com: According to an affidavit filed with the Supreme Court of the State of New York by Stuart Hoegner, the general counsel to Tether and major bitcoin exchange Bitfinex, only 74 percent of Tether’s holdings are backed by cash. Bitcoin Will Pass $7 Trillion Gold Market Cap, Winklevoss Twins Say “As of the date [April Read more…