Increased selling activity on Binance has pushed the TUSD stablecoin well below its pegged $1 value. TrueUSD, the stablecoin backed by controversial crypto entrepreneur Justin Sun, has struggled to maintain its dollar peg. In the past 24 hours, the stablecoin traded as low as $0.984 and has only managed a recovery to $0.988 at the…
Polygon, a prominent Ethereum-based layer-2 scalability network, has been accused of mismanaging its token allocation and sending large amounts of tokens to Binance. ChainArgos, a blockchain intelligence firm, recently made these allegations on X. The team behind ChainArgos claimed that they had found evidence of irregularities and discrepancies in Polygon’s token distribution. According to ChainArgos,…
A top market analyst has projected the possibility that the price of Bitcoin (BTC) can touch $200,000 before the next halving event. The analyst, Gert van Lagen shared two basic targets for Bitcoin price covering both bull case and bear case scenarios. With the bull case target of $200,000, he supported his thesis with the…
VeChain CEO Sunny Lu has expressed optimism for the future of the cryptocurrency industry going into the new year and also highlighted the possibility of VET token integrations. The cryptocurrency industry has already kicked off the new year on a high with the approval of spot Bitcoin ETFs in the United States. The landmark achievement…
Another significant uncommon movement of XRP between unrecognized destinations has caught the crypto community’s attention. Within the last three hours Whale Alert captured the movement of 443,112,390 XRP. At the time of the report, the transaction was valued at over $254,799,709. Per the disclosure, the sender’s and recipient’s addresses are unknown wallets. Moreover, the receiver…
Tether says it is disappointed with the UN’s analysis for focusing on risks associated with USDT while ignoring the token’s benefits in developing economies. The team behind Tether (USDT), the world’s largest stablecoin by market cap, has reacted to a recent report by the United Nations, highlighting USDT as the payment method of choice for…
The 1-year price prospects of Cardano (ADA) were amplified by two of the tech world’s most prominent chatbots, ChatGPT and Google Bard. Many consider Cardano as one of the most innovative smart contract protocols in the blockchain ecosystem but whose native token ADA is grossly undervalued. ADA’s price and market capitalization are down by 0.78%…
Famous crypto figure Ben Armstrong has finally lamented his apprehension about XRP’s longstanding unfortunate price performance. In a recent post on X, Prominent crypto analyst Ben Armstrong, an acclaimed Lord Master & Commander of the XRP Army, voiced his frustration with the asset. Frustration Over XRP Armstrong, a long-time supporter of XRP, admitted to questioning…
Grok, an AI tool developed by xAI, an Elon Musk-backed startup, believes that Dogecoin is the best cryptocurrency for X (formerly Twitter). Elon Musk’s love affair with Dogecoin is well documented, with the billionaire investor almost single-handedly pushing the cryptocurrency into the limelight during the 2021 bull run. Elon Musk has also pushed for the…
The two popular Artificial Intelligence (AI) chatbots, ChatGPT and Google Bard, are both bullish on Solana (SOL) this year, predicting a favorable price for the end of 2024. The predictive capabilities of both applications were put to the test as they were quizzed on what the price of Solana would be by the end of…