Just-In: Tether Defends USDT Reserves, Plans To Undergo Full Audit
Tether’s CTO Paolo Ardoino on Monday said Tether (USDT) has survived short selling and redemptions amid the crypto market crash. Moreover, Paolo Ardoino believes Tether has always been more transparent about its reserves. Tether reserves are validated quarterly by accounting firm MHA.
🔥WeChat To Tighten Rules On NFTs, Is A Crackdown Coming?
China’s largest messaging application, WeChat has come forward to introduce rules to strengthen supervision over non-fungible tokes (NFT). As per reports, the platform has prohibited the NFT related public accounts in order to comply with new rules.
🔥Bybit The Latest Crypto Exchange To Cut Jobs Amid Crash: Report
Bybit is the latest crypto exchange to consider layoffs amid a crippling crypto crash, reports suggested on Monday.CEO Ben Zhou issued an internal letter to Bybit employees explaining that the exchange was considering layoffs starting this week. The news was reported by crypto reporter Colin Wu, citing multiple inside sources.
🔥As Bitcoin reclaims $20K, Here’s How Bullish Signs Fare
From going to a 24 hour low of $18,589, Bitcoin had in the last few hours regained significantly and had a ripple effect on the entire crypto space. A majority of top 100 coins are at the moment trading in the upward trajectory thanks to Bitcoin’s 10.33% rise in the last 24 hours.
📈Dogecoin Price Analysis: Range Breakout May Pump DOGE Price by 18%
The Dogecoin(DOGE) price has been stuck between the $0.05 and $0.063 barriers for a week now. The consolidation may bring a directional rally once it breaks out from either of its extreme levels. Anyhow, the RSI indicator suggests growth in bullish momentum, indicating a better possibility of a $0.63 breakout.