TRX may be struggling, but it's not all bad news for the TRON ecosystem.
TRON has become a standout blockchain in the cryptocurrency space, recently hitting remarkable milestones in transaction fees and USDT (Tether) activity. As the blockchain ecosystem continues to expand, these key metrics are not only reflecting growing adoption but also highlighting the increasing involvement of institutional investors in TRON's ecosystem.
The AI has determined what the last trading price of the crypto TRX will be for 2024.
Several big stories and developments have occurred in the crypto space this week, including rumors of a presidential pardon for FTX's Sam Bankman-Fried, EU exchanges delisting Tether's USDT, and Ripple donating $5 million to Trump's Inauguration.
Stablecoin issuer Tether has made a novel venture capital fund investment into an Arcanum Capital fund dedicated to supporting decentralized technologies.
As MiCA regulations impact stablecoins in the EU, questions arise about USDT's compliance and potential market effects. The post Tether grapples with new FUD as MiCA regulations take effect on Dec. 30 appeared first on Crypto Briefing.
Missing compliance deadlines, USDT raises concerns about liquidity and transaction costs. Criticism of USDT rises over audit practices and halted coin minting.
At a time when Donald Trump promised to make America the crypto head, Europe followed a different path with the Tether Ban. Tether (USDT) is the biggest stablecoin, and it is considered ideal for crypto transactions due to its value being pegged to the dollar.
While the EU's cryptocurrency regulations are poised to take full effect in just a few days, there's still significant uncertainty about Tether's USDt stablecoin. Recently, crypto exchange Coinbase delisted Tether's USDT in mid-December citing compliance with the EU's MiCA regulations.
CryptoQuant data revealed that stablecoin supply on the Tron blockchain stabilized at $62 billion after consistent surges over the past few months. That signals paused minting of new assets, confirming balanced markets – where stablecoin demand meets the prevailing supply.
While MiCA's implementation phase is ending on Dec. 30, 2024, there is also a transitional 18-month phase in MiCA's total 36-month timeline.
As became known thanks to a report from Whale Alert, almost half a billion dollars worth of USDT stablecoin has just been transferred to the world's largest exchange, Binance. Such transfers are important, as in the common sense of crypto market participants they are seen as an act of a large cryptocurrency whale shifting free "crypto cash" to the major exchange to buy assets.
Tether, the world's largest stablecoin issuer, is looking to diversify its operations and broaden its influence in Web3 technology. The company has made a $2 million injection into Arcanum Capital's Emerging Technologies Fund II, signaling its commitment to advancing Web3 projects.
Tether has made its first dive into the world of venture capital by injecting $2 million into Arcanum Capital's fund, which focuses on developing blockchain-based Web3 projects.
Tether has made its first foray into venture capital by investing $2 million in Arcanum Capital's Arcanum Emerging Technologies Fund II. The post Tether Makes First VC Investment, Pouring $2M in Arcanum's Web3 Fund appeared first on Cryptonews.
Tron price heatmap signals a potential local bottom as USDT supply on its blockchain surpasses $60 billion.
"We are passionate about backing technologies that will prevent censorship and things being shut down," James McDowall told Cointelegraph.
Tron (TRX) is down by more than 40% since its peak, but a local bottom could trigger an uptrend.
TL;DR The relationship between Tether (USDT) and the Trump administration has raised concerns about its impact on global financial stability, according to Bloomberg. Despite controversies and links to illicit activities, USDT remains the most widely used stablecoin, with a transaction volume exceeding $4.6 trillion in November 2024.
Cryptocurrency analysts of Coinidol.com report, the price of TRON (TRX) has halted its downtrend, falling from a high of $0.45 to $0.22.
During recent price slides, crypto entrepreneur Justin Sun has restated his bullish grip on Ethereum (ETH). The Tron Network executive has driven several reactions from the community due to on-chain digital asset movements and partnerships to drive wider adoption.
TRON has seen growth in stablecoin transfers, lending, and daily network transactions.
Bitcoin has recently experienced mixed market movements, with analysts closely monitoring on-chain data to understand the short-term trajectory of the leading cryptocurrency. On-chain metrics indicate a notable shift in exchange activity, with Tether (USDT) seeing significant outflows while Bitcoin (BTC) inflows into exchanges remain elevated.
Argentine authorities have frozen $3.5 million in USDT linked to the Rainbowex Ponzi scheme, which defrauded thousands of investors, following extensive investigations that led to multiple arrests and international warrants. The post Argentina Freezes $3.5M USDT Linked to Rainbowex Ponzi Scheme: Report appeared first on Cryptonews.
TRON is growing its lending sector with JustLend. The protocol holds up to $8.3B in value based on the method of reporting, and represents a large share of TRON's total value.
Tether, a global fintech company and issuer of the largest stablecoin, USDT, will be searching for new use cases for crypto in the real-world segment. Also, together with partners, Tether will be moving toward new accomplishments in other types of "core freedoom tech," following a strategic investment in Rumble.
A court in Argentina has ordered the seizure of a crypto wallet containing $3.5 million in Tether's USDT stablecoin. The Argentine Justice Department has taken control of a $3.
Despite what many have observed as a sell-off trend among several major holders like Sun, his explanation suggests a different story entirely.
The Argentine justice system has ordered Tether, the issuer of the USDT stablecoin, to freeze over $3.5 million linked to Rainbowex, an alleged mega pyramid operation that is currently under investigation. The request comes after the execution of 22 search warrants and the detention of 10 individuals connected with these operations.
5 small-cap cryptocurrencies are poised to outperform Solana and TRX by 2024, offering remarkable growth potential. #partnercontent
Tether is on track to end 2024 with over $10 billion in net profits with the company investing more than half of it this year.
Tether, the issuer of the largest stablecoin by market cap, is announcing a $775 million investment into YouTube alternative Rumble.
Tron's leading memecoin launchpad SunPump introduces a groundbreaking AI assistant to automate token creation process. The platform aims to accelerate memecoin adoption while offering promotional rewards.
Tron Network has finally welcomed the first Artificial Intelligence (AI) agent on Sun Pump after months of development. The founder of the network Justin Sun shared the news of the milestone in a recent X post.
Tether, the issuer of the world's largest stablecoin USDT, is on track to close 2024 with a net profit of $10 billion, Bloomberg quotes the company CEO Paolo Ardoino. Tether's investments have shown that it is ready to invest hundreds of millions of dollars in projects other than cryptocurrency.
Tether has made a significant move by investing $775 million in Rumble, a rising video-sharing platform and cloud service provider.
Tether invests $775 million in video-sharing platform Rumble to support free speech and financial innovation while collaborating on crypto payment and cloud solutions.
Tron founder Justin Sun has sold 50% of his Ethereum holdings, triggering a sharp drop in ETH prices. Crypto analysts warn of further market turbulence as Ethereum struggles to maintain critical support levels.
TL;DR Tether is set to launch a new AI platform in Q1 2025, marking a significant step in its diversification strategy and aiming to integrate AI technology with its financial services. Under CEO Paolo Ardoino's leadership, Tether has been expanding beyond stablecoins, investing in sectors like energy, payments, telecommunications, and AI.
Tron founder Justin Sun has been heavily offloading his ETH holdings with Ethereum price crashing 17% following the rejection at $4,000. Over the past 7 days, Sun has offloaded another 50% of his holdings worth $143 million.
The expansion of Tether beyond stablecoins: investments in energy, payments, and advanced technology.
Stablecoin company and USDT issuer Tether is reportedly planning to venture into the artificial intelligence (AI) space. Tether CEO Paolo Ardoino is unveiling Tether's vision to launch a platform that will enable people to interact with artificial intelligence using their mobile phones, reports Bloomberg.
XRP has its critics, mainly due to Ripple's centralized control. If you're seeking alternatives with big growth potential, here are three coins to watch.
Video-sharing platform Rumble (Nasdaq: RUM) says it has signed a strategic partnership with Tether (USDT), as part of which it will receive $775 million from the stablecoin issuer. The investment involves Tether purchasing 103.33 million shares of Rumble's Class A common stock at $7.50 per share.
Tether Holdings expects to make over $10 billion in profits for 2024, by the growing demand for its stablecoin, USDT.
The European Union is about to take a major step in regulating cryptocurrencies with the imminent entry into force of the MiCA (Markets in Crypto-Assets) rules. This initiative, praised by some as a step towards better transparency and an increased fight against financial abuses, however, triggers intense concerns among industry players.