Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Revealing the Tether Bitcoin Strategy: An Exceptional $1.1 Billion Profit from the Recent Price Upsurge

Revealing the Tether Bitcoin Strategy: An Exceptional $1.1 Billion Profit from the Recent Price Upsurge

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The Tether Bitcoin strategy profit has yielded a remarkable $1.1 billion in unrealized gains, following the recent price upswing of Bitcoin. The cryptocurrency briefly surpassed the $42,000 mark, marking a noteworthy 13.1% increase over the past week. This surge has resulted in substantial profits for Tether, given its substantial holding of 57,576 BTC, bought at an average price of $22,480 per Bitcoin. Of Tether’s total Bitcoin holdings, 53,492 BTC were set aside before March 2023, and a strate

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Coinbase Wallet Crypto Enhances User Experience with New Feature

Coinbase Wallet Enhances User Experience with New Feature

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Coinbase Wallet Crypto has launched an innovative feature that facilitates a simpler way to transact cryptocurrency. This feature allows people to send crypto via a link sharable on diverse social platforms and messaging apps, thereby expanding its reach. Recipients only need to install the Coinbase Wallet, which has been designed for ease of use, even for those less tech-savvy. The platform, focused on user-friendliness, does not charge for transferring USD Coin (USDC) and presents a ‘simple mo

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Shibarium SHIB BONE: A Significant Leap in Transaction Volume and its Implications for Stakeholders

Shibarium’s 4400% Transaction Volume Jump May Increase SHIB Token Price and BONE Token Price

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Shibarium, a layer-2 solution, has recorded a staggering increase of 4,400% in transaction volume within a day, with a total of 748,230 transactions. This dramatic rise signals the extensive utilization of Shibarium, leading investors to foresee high valuations for tokens within the Shiba Inu ecosystem. Since its inception in August, Shibarium has become the go-to platform for SHIB whales and investors, surpassing the 4 million transaction threshold. The platform’s transaction count continues to

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Bitcoin Proof of Work: Unveiling the Prospects of Alternative Cryptocurrencies

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Bitcoin, renowned for its proof of work blockchain, has experienced significant progress, creating numerous millionaires. Yet, for small-scale crypto investors with limited purchasing power, Bitcoin’s growth potential appears constrained. This is why alternative cryptocurrencies, especially those employing the Bitcoin proof work process, are seen as more promising investment options. Altcoins such as Qubic (QUBIC), Nexa (NEXA), and Firo (FIRO) present intriguing possibilities for retail investor

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Impending Altcoin Season: Golden Cross Indicates Possible Uptrend

Impending Altcoin Season: Golden Cross Indicates Possible Uptrend

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Bitcoin’s current consolidation around $37k seems to be overshadowing the altcoin market, with the exception of LUNA-associated tokens. However, the ‘altcoin season coming’ could be closer than we think, as suggested by Crypto analyst MoustacheTA who noticed a Golden Cross in the monthly Altcoin market chart. This bullish pattern, which appears when the short-term moving average overtakes the long-term average, has traditionally indicated altcoin rallies, as seen in 2016 and 2020. Conventionally

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