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  TETHER’S ACCOUNT FREEZING SPARKS CONCERNS AS STABLECOIN DOMINATES THE MARKET . Tether, the leading provider of stablecoins, has once again captured headlines with the freezing of another account on the Tron network. This recent incident marks the fifth account frozen since the beginning of the year. Tether has the authority to block addresses suspected of involvement in criminal activities, such as money laundering and fraud, as requested by financial regulators and law enforcement agencies. TETHER’S ACCOUNT-FREEZING PRACTICES Tether’s ability to block accounts involved in illicit activities stems from its compliance measures and cooperation with regulatory authorities. By freezing accounts, Tether aims to maintain the integrity and stability of its stablecoin ecosystem. The company’s actions are in response to the growing need for greater transparency and regulatory oversight in the cryptocurrency industry . While freezing accounts may disrupt the operations of certain individ...

  TRON (TRX) CRYPTOCURRENCY SURGES PRIOR TO THE LAUNCH OF USDD TOMORROW . TRON (TRX) cryptocurrency is outperforming most other cryptocurrencies, including Bitcoin, with a 10% increase in value since yesterday and nearly 25% over the past week. It has also entered the Top 20 most crucial cryptocurrencies, currently ranked 20th. The main reason behind this surge is the upcoming launch of the USDD or “Decentralized USD,” which claims to be the “most decentralized stablecoin in human history” and will be launched on the TRON network tomorrow. Additionally, TRON plans to create a decentralized reserve, generating hype and benefiting the cryptocurrency. On the technical side, TRON’s chart shows a positive signal today as it crossed its 200-day moving average, which it has been below since the end of 2021. The MM200 days are the first support near the current price of $0.07616. The first resistance zone to consider is the psychological threshold of $0.08000 coupled with the March 31 high...

  THE USD/CAD PAIR SURPASSES THE 1.3800 LEVEL DUE TO THE  UNCHANGED BOC POLICY . The USD/CAD pair rose above the key resistance level of 1.3800 in early Asian trading, bolstered by the Bank of Canada’s decision to maintain its current monetary policy and hawkish comments from Federal Reserve Chair Jerome Powell during his congressional testimony.. Although S&P500 futures showed some signs of recovery, it was not enough to boost market participants’ risk appetite. Furthermore, the 10-year US Treasury yields fell below 4.0%. The US Dollar Index experienced some volatility after the release of better-than-expected employment data from the Automatic Data Processing (ADP) agency. The data showed that job openings rose to 10.824 million, beating the consensus forecast of 10.6 million, while 242,000 jobs were added in the US, higher than the expected 200,000. The strong labor market data suggests that inflation may remain elevated as demand for talent increases, leading to higher...

  DOGECOIN PRICE ANALYSIS: DOGE IS BULLISH CATALYZED BY ELON MUSK’S TWITTER PLANS . Dogecoin (DOGE), the largest meme coin in the cryptocurrency space, has recorded over 30 earnings over the last month, witnessing a huge shaft in Goliath deals to hit the loftiest volume of the time alongside address exertion.   Recent developments have served as a catalyst, fueling a bullish narrative for DOGE holders. At the time of jotting, the meme-inspired commemorative was trading at$0.09, up9.2 in a week but around1.2 lower than its price on the last day.   Especially, the meme coin’s price has been susceptible to Elon Musk’s conduct and statements, including an October price soar after Musk completed his Twitter deal.  numerous in the crypto space are enraptured following the news of Twitter CEO Elon Musk advancing with the payment rollouts on the giant social media platform. especially, the tech billionaire wants the “ first and foremost ” payment system to be in ed...

  Ethereum price   is down over 8 and trading below$,450 against the US Bone. ETH remains at threat of a larger decline towards$,350 in the near term.   Ethereum started a major decline from the$,565 resistance zone.  The price is trading below$,500, and the 100 hourly simples moving normally.  There’s a short-term constricting triangle forming with resistance near$,425 on the hourly map of ETH/ USD (data feed via Kraken).  The brace could correct advance if there’s a move above the$,450 resistance zone.  Ethereum Price Dives Over 8 Ethereum price failed to clear the$,560 and$,565 resistance situations. ETH formed a high near$,565 and started a major decline, analogous to bitcoin.   There was a sharp move below the$,500 support zone. ETHEREUM PRICE FACES RESISTANCE READ FULL ARTICLE HERE 

  TETHER ROSE 0.02% AT 1.0001 ON FRIDAY.        The collapse of several crypto enterprises the last time because of the sinking digital asset prices has posed a challenge to the operations of crypto banks. The lack of a clear and comprehensive crypto nonsupervisory frame has seen crypto lenders operate else than traditional banks, which has posed a  threat to investors.  A Bloomberg report refocused on the differences between traditional and crypto banking. In the traditional banking sector,  fabrics similar to the lender of last resort and deposit insurance make the possibility of a bank run less likely. still, the same rules don’t apply to crypto lending enterprises and crypto banks.   While the news of bank runs in the crypto assiduity has come popular over the one time, it isn’t the first cycle where this is passing. In 2018, Bitfinex, a cryptocurrency exchange, lost a significant quantum of client finances, which to...