Thursday, October 24, 2024
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Bitcoin price rivals 10-month high as CPI data beats expectations

Bitcoin (BTC) spiked higher prior to the April 12 Wall Street open as United States inflation data outperformed market forecasts.BTC/USD 1-minute candle chart (Bitstamp). Source: TradingViewCPI offers "great inflation print" for risk-on bullsData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it neared new ten-month highs on Bitstamp.Widely-predicted volatility

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Tether supply hits $80B for the first time since May 2022 — stablecoin rivals stumble

Tether (USDT) continues to benefit from the ongoing turmoil in the U.S. dollar-backed stablecoin industry with its market capitalization growing significantly in Q1 2023 at other stablecoins' expense.Tether market cap reaches $80 billionOn April 6, the circulating market cap of USDT surpassed $80 billion for the first time since May

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Two Luxembourg-based Satellite Rivals SES and Intelsat Confirm Possibility of Merger to Take on Musk’s SpaceX

If the transaction goes through, SES and Intelsat will form a single company valued at about $10 billion including debt. In a statement to shareholders, SES SA (LuxSE: SESG), a Luxembourgish satellite telecommunications network provider, noted that it is in advanced merger talks with Intelsat S.A, a multinational satellite

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Tether market cap nears $70B as SEC crypto crackdown hurts stablecoin rivals

The U.S. Securities and Exchange Commission (SEC) wants to sue Paxos for issuing and listing stablecoin Binance USD (BUSD) to the benefit of its top-rival stablecoin Tether (USDT), whose market capitalization has risen to multi-month highs. BUSD market cap drops by $2 billionThe SEC asserts that BUSD, a U.S. dollar-backed stablecoin,

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Rivals steadfast even as two Aussie crypto ETF providers bail

Two digital asset exchange-traded fund (ETF) issuers in Australia are set to leave the market amid heightened regulator scrutiny and a deepened crypto winter, though some remain bullish about the market's prospects.In the last week, Australian crypto ETF providers including Holon Investments and Cosmos Asset Management have indicated they may

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