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Day: May 15, 2023

How will USDT’s growth impact Bitcoin [BTC]? According to this data …

How will USDT’s growth impact Bitcoin [BTC]? According to this data …

Tether, the parent firm of USDT, has invested a significant percentage of its income on Bitcoin, but miners remain sceptical. Tether has $1.5 billion in BTC reserves and acquired 52,670 BTC in the first quarter alone. If Tether continues to dominate the stablecoin market, the price of Bitcoin could rise. However, Andrew Kang, CEO of Mechanism Capital, remarked that if Tether continues to acquire BTC with their profits, it may weaken the selling pressure on BTC caused by the US government’s holdings. HODLers maintain their composure, but Bitcoin miners do not. If miners continue to behave in this manner, Bitcoin will suffer. News Sorce

'The Future of Digital Payments Lies in Web3 Payment Services' says Robert Miller of Fuse

‘The Future of Digital Payments Lies in Web3 Payment Services’ says Robert Miller of Fuse

Web3 payments have a number of advantages over traditional payment systems, including decreased transaction fees, global reach, client loyalty, and improved brand image. They are peer-to-peer and based on trustless logical systems, allowing for borderless, instantaneous transactions with cheap fees. Merchants are increasingly experimenting with Web3 payments, offering incentives or loyalty programs to entice customers to adopt the payment option that saves them money while also improving the user experience. Fuse offers easy-to-deploy, end-to-end integrated tools that help SMBs and startups to engage in the money paradigm shift. The Fuse ecosystem provides services and technology to build a strong platform for mainstream cryptocurrency and Web3 payment usage. News Sorce

Simpson Coin Price Surges But $SPONGE and AiDoge.com Can Pump 100x

Simpson Coin Price Surges But $SPONGE and AiDoge.com Can Pump 100x

With a market price of over $23 million and aspirations to develop a charitable-giving network that is more secure and transparent than existing legacy payment rails, Homer Simpson coin is the latest meme coin to enter the crypto mania. The current price of $SIMPSON is $0.000000000033710. $SPONGE is a standout in a sea of mediocrity, with broad appeal and a thriving community. AiDoge.com is combining artificial intelligence and meme coins to generate a goldmine of viral memes. It costs $0.0005749 and contains collaborations with Tamadoge and Love Hate Inu. News Sorce

With Bitcoin Cash node upgrade nearby, gauging the impact on BCH shorts

With Bitcoin Cash node upgrade nearby, gauging the impact on BCH shorts

The upgrade to node v26.0.0 of Bitcoin Cash was announced in January, but traders were sceptical due to the dominance of shorts in the derivatives market. Binance had rallied support for the upgrade, but market sentiment favoured short positions, as evidenced by the funding rate. Bitcoin Cash’s outlook has shifted, with the weighted sentiment falling to -0.607 and the Market Value to Realised Value (MVRV) ratio falling to -0.413. The number of active network addresses has also expanded, with 311,000 active addresses at the time of writing. On the 15th of May, at 12:00:00 UTC, the node upgrade will be deployed on the Mainnet. News Sorce