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Tether Denies Investigation Rumors Amid Bitcoin Surge

Cryptocurrency, News & Trends /

A U.S. investigation into Tether, the issuer of stablecoin USDT, has been denied publicly.According to the Wall Street Journal, federal prosecutors in Manhattan are investigating possible anti-money laundering (AML) violations involving Tether.In the report, unnamed sources suggested USDT might have been used for illicit purposes.The company has categorically denied these allegations, emphasizing its commitment to

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Cryptocurrency vs. Fiat Currency: What’s the Difference?

Cryptocurrency /

Cryptocurrency Vs Fiat Currency Cryptocurrencies and Fiat currencies are two currencies that have had dominance over the years. Understanding the difference between cryptocurrency and fiat currency is crucial, especially if you’re looking to make the most of your financial transactions. Both have unique advantages and play different economic roles, but how do they stack up

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CPI Report Hints at Favorable Conditions for Bitcoin and Crypto Investors

News & Trends /

The most recent Consumer Price Index (CPI) data, dated October 10, 2024, reveals that consumer prices in the United States increased by 2.4% in September, slightly exceeding market estimates of 2.3%. While this is a slight improvement above August’s 2.5%, it maintains a cooling trend that has persisted since inflation peaked at 9.1% in June

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A chart displaying a significant drop in cryptocurrency prices, with red downward arrows indicating market volatility.

Federal Reserve Committee Drops Interest Rates During September FOMC Meeting

News & Trends /

On Wednesday, September 18th, 2024, the Federal Reserve dropped interest rates for the first time since the COVID-19 epidemic, lowering benchmark rates by half a percentage point to offset a probable labor market slowdown. Amid slowing job growth and inflation, the Federal Open Market Committee voted to drop its main overnight borrowing rate by 50

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What are we expecting from the FOMC meeting in September ?and Last weeks CPI report

Cryptocurrency, News & Trends /

The Consumer Price Index (CPI) report from last week caused a shift in the financial markets and served as another reminder of just how intertwined the economy is. However, what impact does news about inflation have on the cryptocurrency market and the US dollar’s value? Because it affects market mood and monetary policy, inflation news

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Crypto Insurance: Should You Protect Your Digital Assets?

Financial Literacy, Security Tips /

The rise in crypto theft and hacking incidents has increased the demand for crypto insurance. Crypto traders are sourcing ways to keep their assets secure while ensuring they invest in the right assets for future gains. But is it worth the investment? Here’s what you need to know: -Protection Against Hacks: Crypto insurance policies can

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Crypto Taxation: What Every Trader in Nigeria Should Know

Financial Literacy, Regulatory Updates /

As cryptocurrency becomes more popular in Nigeria, the government is gradually moving towards implementing clearer tax regulations on crypto-related activities. While the framework is still evolving, every trader needs to understand how crypto taxation works to avoid penalties and ensure compliance. Here are the key things you should know: –Capital Gains Tax (CGT): In most

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