FUD

Cryptocurrency markets are vulnerable to the fear, uncertainty, and doubt (FUD) strategy malicious actors use. Considering the importance of expectations on the financial markets, understanding FUD is essential for traders and investors. Over the years, media, social networks, and lawmakers have played a key role in spreading FUD. But what exactly is FUD, and how can investors protect themselves? In this article, we explore the use of FUD in the crypto industry and its impact on traders. Understanding FUD in…

Tether – the issuer of the world’s largest stablecoin, USDT – has released a statement responding to the Wall Street Journal (WSJ)’s latest claims about the status of its reserves. It labeled the outlet’s assertions as “a series of unsubstantiated conclusions” seeking to discredit Tether’s attempts to remain transparent with the public. Claims from WSJ In an article published on Saturday, WSJ reviewed parts of Tether’s history and accounting process that make its reserve dependability seems less than ideal. One…

Tether – the entity backing the world’s largest stablecoin – is once again firing back against those spreading doubt about its reserves. The company claimed that it holds no Chinese commercial paper, and will soon eliminate its commercial paper exposure altogether. Misinformation: Crypto’s Biggest Threat In an announcement on Wednesday, Tether stated that the crypto industry’s biggest current threat is the spreading of false information. The firm put it in the same league as hacks, scams, and cyberattacks, threatening the…

As we all know, Bitcoin has been trapped under $50,000 since the start of the year. It’s certainly been difficult – for the average investor – to maintain bullish optimism. It’s gotten especially tough when the media spreads fear, uncertainty, and doubt about the asset class (aka ‘FUD’). See no further than Bitcoin obituaries for a taste of that. Most infuriating, however, is when that FUD bears no resemblance to observable reality. Whether from ignorance or malice, journalists are strangely…

Edward Snowden– a former member of the CIA and famous whistleblower– recently reflected on one of his one-time Bitcoin purchases. He shows amazement at Bitcoin’s immense growth despite China’s complete ban, which he says “only made bitcoin stronger.” Snowden’s Admiration for Bitcoin Snowden’s comments came in response to one of his former tweets from March of 2020. At the time, Bitcoin underwent a steep price fall of over 50%, from around $9000 to under $4000 in just two days. Snowden…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $1,413 trillion. Bitcoin is down by 30% after another public bashing from Elon Musk and China regulators. Ethereum lost almost 47% of its value over the past seven days. XRP is down by 50% and is now trading again below $1. Binance Coin, Polkadot, and many other altcoins are down by 50%. The DeFi…

The cryptocurrency space has not been here for quite a while, with only over a decade since introducing the first coin. As a result, a significant population remains clueless about these digital assets, although many are beginning to show interest as the industry gets more mainstream. If you are getting started into cryptocurrencies, you will probably be bumping into terms you never heard of before. However, it can be unsafe when you only see the vocabulary and the complex technology…