In response to a recent media attack, Tether, the issuer of the USDT stablecoin, said it would reduce secured loans in USDT reserves to zero over the next year. Tether explained that stablecoin-backed loans work similarly to loans from private banks that use collateral. However, unlike banks that operate with fractional reserves, Tether loans are more than 100% secured, the company claims. “Tether is managed professionally and conservatively, and this will once again be demonstrated

Building a Diverse Trading Portfolio   A look at the importance of risk mitigation through diversifying your portfolio.   When it comes to online trading, portfolio diversification is a powerful tool used by investors to mitigate risk. This strategy involves investors holding multiple assets across varying markets, industries and geographical jurisdictions in order to spread their exposure and decrease the risk of loss due to one industry collapsing.     The Benefits of a Diversified

FTX founder Sam Bankman-Freed has been arrested by the Royal Bahamas Police Force after being formally notified by the U.S. government of a criminal case against him. Sam Bankman-Fried, the former head of bankrupt cryptocurrency exchange FTX, was arrested by Bahamian authorities on Monday evening at the request of the US government. Manhattan U.S. Attorney Damian Williams confirmed that he filed charges against Bankman-Fried on Monday, Dec. 12, with the contents of the indictment to

The largest cryptocurrency exchange in the world announced that it has temporarily blocked some of the accounts that managed to earn on the recent abnormal volatility of a number of cryptocurrencies. Binance explained its actions as “anomalous price movements in certain trading pairs”: “We are aware of anomalous price movement in some trading pairs on Binance, including assets like SUN, ARDR, OSMO, FUN, and GLM. This activity is not related to account hacking or API

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get

A popular cryptocurrency analyst under the pseudonym PlanB, the author of the “stock-to-flow” model, again emphasized his confidence in the massive growth of Bitcoin in 2023 or at least 2024. The “stock-to-flow” model is built on the ratio of the amount of an available asset and its price. Considering that Bitcoin periodically undergoes halvings, the model speaks of a large-scale growth of the first cryptocurrency. The analyst emphasized that he was confident in this model.

Building a Diverse Trading Portfolio   A look at the importance of risk mitigation through diversifying your portfolio.   When it comes to online trading, portfolio diversification is a powerful tool used by investors to mitigate risk. This strategy involves investors holding multiple assets across varying markets, industries and geographical jurisdictions in order to spread their exposure and decrease the risk of loss due to one industry collapsing.     The Benefits of a Diversified

Cryptocurrency exchange Gate.io has launched an industry-wide liquidity support fund with an initial commitment to spend $100 million. With the help of the fund, the exchange intends to mitigate the negative effects of the prolonged crypto winter and the recent turmoil in the cryptocurrency market. The company is confident that the market is threatened with liquidity problems, as investors move their funds from exchanges to self-service. First of all, the trading platform plans to support

Decentralized exchange (DEX) new chef SushiSwap has revealed that the project is running out of reserve capital to support operations and development. SushiSwap CEO Jared Gray revealed that the community is now discussing a proposal to transfer 100% of xSushi holders’ rewards to the company’s balance sheet: “Following a cost analysis, it is clear that a significant treasury deficit threatens Sushi’s operational viability and requires immediate correction.” Gray claims that $5 million is needed to

Analysts of the transnational financial corporation Standard Chartered have named the events of the next year that will affect the quotes of the first cryptocurrency. Bitcoin could crash in 2023 – the price of BTC, experts say, can fall to $5,000. According to the head of global research at the company, Eric Robertsen, the profitability of many technology companies has dropped markedly along with their shares, and despite the slowdown in the sell-off bitcoin, the