Articles for tag: bitcoin reserves, Bitfinex, Cryptocurrency market, Investment Strategy, Regulatory Challenges, Stablecoin, Tether

December 31, 2024

Tether Boosts Bitcoin Reserves with $700 Million BTC Transfer, Strengthening Cryptocurrency Market Position

Tether recently added 7,629 Bitcoin, worth about $700 million, to its reserves, marking the biggest increase since March 2024. The transactions originated from Bitfinex’s hot wallet. Following a similar transfer the next day, Tether now holds a total of 82,983 Bitcoin, purchased for around $2.99 billion. This move is part of Tether’s strategy to allocate ...

December 2, 2024

Market News

Crypto

Bitcoin Reserve Trends: Analyzing Binance Stability and Coinbase Declines for Informed Cryptocurrency Investment Decisions

The cryptocurrency landscape is undergoing a notable shift as bitcoin reserves on centralized exchanges like Binance and Coinbase are declining. This trend points to changing investor habits, with more people opting for self-custody solutions instead of keeping their assets on exchanges. From January to November 2024, Coinbase’s reserves dropped significantly, whereas Binance’s reserves remained relatively ...