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Tether’s newest reserve attestation shows the highest-ever percentage of cash equivalents, with most reserves consisting of U.S. T-bills and repurchase agreements. The reserves for stablecoin issuer Tether contained approximately 86% cash and cash equivalents as of September 30, according to a new attestation report from accounting firm BDO. This is the highest percentage of cash and cash equivalents that have ever made up Tether’s reserves. Tether today releases its attestation for Q3 /2023.- cash & cash equivalent portion of reserves is all time high at 85.7%, yielding ~$1B - US T-bill (direct and indirect) exposure at $72.6B - reduced secured loans by $330M - investments in energy, bitcoin mining and P2P tech… https://t.co/PXQ1H5gqUX pic.twitter.com/ibKJRPlBAg — Paolo Ardoino (@paoloardoino) October 31, 2023 According to the report, $56.6 billion worth of reserves are in U.S. Treasury bills with a maturity date of less than 90 days. Meanwhile, another $8.8 billion wa...

Launched in September by two former Andreessen Horowitz executives, Bastion has acquired its first two money transmitter licenses in New Hampshire and Arkansas. Bastion, a new cryptocurrency startup created by former Andreessen Horowitz (a16z) executives, has secured two money transmitter licenses (MTL) in the United States. Bastion has acquired MTLs in New Hampshire and Arkansas, the first two licenses obtained by the firm, Bastion announced on Oct. 31. The new licenses, granted by the New Hampshire Banking Department and Arkansas Securities Department, will enable Bastion to offer services for fungible digital assets in each state. It has additional applications pending for MTLs in other U.S. states, the firm said. The license acquisitions enable Bastion to participate in activities related to the selling or issuance of payment instruments, stored value, prepaid access, as well as the receipt of money and digital currency to facilitate transactions with others in the states. The...

HEX is currently one of the best-performing crypto assets in the weekly charts. The token is up by 214.7% over the last seven days and by almost 170% in the monthly charts. Moreover, the asset is up by 16.4% in the daily chart. Source: CoinGecko Also Read: Shiba Inu (SHIB) Price Prediction: November 2023 The general bullishness in the larger crypto market could be the reason behind HEX ’s latest surge. October ended with a bang, with most major crypto projects turning green. Bitcoin (BTC) is currently leading the market, and other digital assets are following in tandem. The original crypto hit a new yearly high, surpassing the $34k mark. BTC’s current spike is likely because of the possibility of a spot BTC ETF (Exchange Traded Fund) seeing approval in the U.S. HEX November 2023 price prediction Source – The Cryptonomist According to Changelly, HEX could hit $0.009636 by Nov. 15, 2023, a growth of about 3.05% from current price levels. However, Changelly...

Celestia’s mainnet launches on October 31, with several exchange listings. A 60 million TIA token airdrop is scheduled for active users on Ethereum Layer 2s, Cosmos Hub. Celestia’s modular design and consensus mechanisms make its launch a standout event in the crypto space. The highly anticipated launch of Celestia’s mainnet is just around the corner, and it brings with it a flurry of activity in the cryptocurrency world. Below are the key details of what to expect from Celestia’s mainnet launch , including an exciting airdrop and exchange listings . Mainnet launch and exchange listings Celestia, a modular blockchain network, is gearing up for the release of its mainnet, scheduled for October 31. This marks a significant milestone in the project’s development and introduces new opportunities for users and investors. Centralized exchange s, including KuCoin and Bybit, have already announced their plans to begin trading Celest...

Dogecoin (DOGE) breaks free from a descending triangle, flashing a ‘buy’ signal, signaling potential bullish momentum. DOGE faces resistance at $0.06942, but a weekly close above this level could lead to a $0.077 target. A falling wedge pattern hints at weakening selling pressure and a possible bullish reversal, but indicators predict correction. The Dogecoin (DOGE) market in the last seven days has grabbed the market’s attention significantly. After months in a descending triangle pattern, it finally broke free, showcasing a potential change in trend on its weekly chart.  Analysts, enthusiasts, and traders alike keenly observe Dogecoin, as the TD Sequential indicator has flashed a ‘buy’ signal, suggesting that the momentum might be shifting in favor of the bulls. DOGE’s 24-hour trading volume decreased by 5.59% to $206.45 million, but its market capitalization increased by 0.40% to $9.73 billion during the rally, reflec...

Despite Bukele’s popularity, some critics argue he isn’t eligible to be re-elected under El Salvador’s constitution. El Salvador president Nayib Bukele has filed paperwork to be re-elected in the country’s upcoming 2024 presidential election in February. Bukele, a Bitcoin advocate, received strong support from the public on Oct. 26 after he was officially nominated by his party to run for re -election . “Five more [years], five more and not one step back,” Bukele said in a speech in front of thousands of El Salvadorans. “We need five years to continue improving our country,” he added. | ÚLTIMA HORA: Al grito de “cinco más, cinco más y ni un paso atrás” Nayib Bukele da su discurso delante de miles de Salvadoreños luego de inscribir su candidatura presidencial para la reelección. “Necesitamos 5 años para seguir mejorando nuestro país.” pic.twitter.com/ApaP8yyQBm — Eduardo Menoni (@eduardomenoni) October 27, 2023 Bukele rose to power in 2019 when his political party, Neuva (New) Ideas,...

Dan Gambardello addresses community concerns about the Cardano Midnight sidechain. Quoting Cardano’s founder, he assured the community that Midnight is not a replacement for Cardano. Midnight will introduce novel capabilities to the Cardano ecosystem, such as private smart contracts written in TypeScript. The Charles Hoskinson-led blockchain project Cardano has remained subject to persistent panic calls and messages of fear, uncertainty, and doubt (FUD). Recent apprehensions have predominantly revolved around the novel Midnight project, which focuses on privacy-oriented sidechains.  This development has sparked significant intrigue within the crypto community. Despite Cardano’s founder, Charles Hoskinson, providing insights into Midnight’s potential impact on the industry earlier this month, some individuals continue to express concerns about certain key details. Specifically, questions have surfaced regarding the launch of Midnight...

A prominent market intelligence platform says that a handful of altcoins should continue to rally as traders continue to focus on Bitcoin (BTC) and Ethereum (ETH). In a new thread on the social media platform X, crypto analytics firm Santiment says that nine altcoins – including Polygon (MATIC), Decentraland (MANA), Fantom (FTM), and Pepe (PEPE) – are seeing spikes in new wallet addresses created as well as their prices. “As trader focus has been primarily on Bitcoin and Ethereum, mid-caps have quietly seen big network growth rises. With AXS, MANA, FTM, INJ, MATIC, DAI, PEPE, POWR, QNT, & AGIX seeing spikes in new wallets created, prices can continue to climb.” Source: Santiment/X According to Santiment, both BTC and altcoins are moving away from their reliance on the equities markets, which could be a sign of an upcoming bull market. “Bitcoin scratched its way to a new 17-month high again today. Even better, crypto market caps are growing ...

Bitcoin has "plenty of fuel" to get it to $40,000, analysis argues, as BTC price stares down the weekly and monthly candle close. Bitcoin (BTC) surfed $34,000 at the Oct. 27 Wall Street open as attention turned to BTC price performance against macro assets. BTC/USD 1-hour chart. Source: TradingView Bitcoin range faces weekly, monthly close Data from Cointelegraph Markets Pro and TradingView showed BTC/USD holding steady, preserving its early-week gains. The largest cryptocurrency avoided significant volatility as the weekly and monthly closes — a key moment for the October uptrend — drew ever nearer. “I think Bitcoin will hang around this range for some time,” popular trader Daan Crypto Trades told X subscribers in one of several posts on the day. “Roughly $33-35K is what I'm looking at as a range. Eyes on potential sweeps of any of these levels for a quick trade.” BTC/USD annotated chart. Source: Daan Crypto Trades/X Daan nonetheless noted that open interest (OI) had r...

The total market value of cryptocurrencies using the proof-of-stake consensus algorithm decreased by 7% at the end of Q3 to $254 billion. Such estimates are provided by the Kraken-related platform Staked. According to experts, the market share of such coins decreased by 2% to 22%. Ethereum (ETH) dominance in this segment – by 1%, to 79%. Source: Staked “ The lack of near term catalysts, regulatory uncertainty, and macro challenges left markets in a holding pattern. “ Staked report The value of assets locked in staking increased by 3% to $74b. Annualized rewards in value terms decreased by 7%, to $4.1b. The profitability of such operations amounted to 10.2%, which is 0.4% less than in Q2. Source: Staked The share of blocked coins from their current supply reached a record 52.4% (49.3% in Q2). The leaders in this regard were Aptos (84.1%), Sui (80.5%), Mina (77.6%), Solana (71.9%) and Cosmos (67.6%). The median value among the top 35 coins was 52.6%. ...

Get ready to witness the unveiling of the most anticipated event in the world of finance—the Ho Chi Minh Traders Fair 2023. Set to take place on December 9th, 2023 at The ADORA Luxury, this event promises a day filled with insights, networking, and recognition of excellence. The highlight of the evening will be the announcement of the most anticipated results of the Traders Fair & Awards 2023 voting. These results are the culmination of diligent work and a rigorous selection process. The grand reveal will take place at the Traders Fair Ho Chi Minh City Gala Night, with subsequent publication on the Traders Fair website. It’s a moment that showcases the best in the financial industry. Traders Fair & Awards 2023 is more than just an event; it’s a global phenomenon. With 24 nominations meticulously created by market experts, it’s a testament to the breadth and depth of the industry. An astounding 401 companies are vying for top positions in the ratings, repres...

Compound annual growth rate, or CAGR, is a metric in Finance used to calculate investments. It is one of the most accurate methods of calculating the rise or fall of your personal investment returns over time. Here is everything you need to know about CAGR in Finance , including what it means, how to calculate CAGR, and its importance to understanding your Finance s. Source: Kriptomat What is CAGR in Finance The compounded annual growth rate (CAGR) is one of the more accurate ways to calculate and determine returns for anything that can rise or fall in value over time. It takes into account the effect of compounding, which means that the growth builds upon itself. CAGR is useful in helping you evaluate investment opportunities or assess the historical performance of your previous investments. It’s an additional way of comparing investments and seeing which ones were most beneficial during a specific period. Also Read: What is EBITDA in Finance Here’s how to ca...

In a milestone legal development, Ripple, the blockchain solution provider, celebrated yet another legal triumph against the US Securities and Exchange Commission (SEC) earlier this week.  On October 23, US District Court Judge Analisa Torres issued an official order, effectively dismissing the SEC’s charges against Ripple’s top executives, Brad Garlinghouse and Christian Larsen.  But while this ruling signifies a substantial victory in Ripple’s ongoing struggle against SEC allegations related to the sale of XRP (XRP) tokens, the battle is far from concluded.  Notably, the SEC now seeks hundreds of millions of dollars from Ripple in a bid to settle the contentious XRP case. What happened with the SEC? Cryptocurrency Ramp teams up with Linea to bridge zkEVM and the global financial system Cryptocurrency Crypto exchange MultiBank.io launches ‘Panic Sell’ feature for instant asset liquidation Cryptoc...

Author: Web3 Characters Original link: https://mp.weixin.qq.com/s/lKmEqyA9LUl3MHt1vk0DPw Can you briefly introduce yourself? Hello, I am Hong Shuning, the author of China’s first Bitcoin research paper. I graduated from the Department of Computer Science at Tsinghua University and have worked for a long time at the Nanjing branch of the People’s Bank of China. In recent years, I have served as the Deputy Director of the Fintech Research Center of Suning Financial Research Institute, Dean of the Shanghai Jin Qiu Blockchain Research Institute, and a senior blockchain expert at CCB Fintech. Can you share how you entered the cryptocurrency circle? In 1992, after graduating from the Department of Computer Science at Tsinghua University, I have always worked in the IT and finance fields. I worked for the Nanjing branch of the People’s Bank of China for a full 20 years, during which I was involved in various fields, including payment clearing and credit management. In 2011, when I was working...