Summary: The USDT issuer reiterated that its token reserves are backed by assets in the U.S. Treasury and a declining amount of commercial paper. Tether announced its move to reduce…
Crypto hedge fund Three Arrows Capital is bleeding funds as the market crash has hit it hard. The firm has sold a lot of its holdings, including stETH. Co-founder and…
The cryptocurrency market continues to suffer as a result of rate-hike and Celsius-collapse fears. Its total cap cap is down to $909 billion, a loss of 9% in 24 hours.…
Connect your crypto wallet to the Coinbase marketplace, and have ETH in your wallet to bid, buy and sell NFTs on Coinbase. Not only is the number of nonfungible token…
Paul highlighted that Bitcoin has “far better odds” than other cryptocurrencies because it doesn’t have a competitor as a product. Ari Paul, the founder of blockchain investment firm Blocktower Capital,…
Tether expects to reduce USDT’s commercial paper backing to $8.4 billion by the end of June 2022 and eventually completely remove it. The major stablecoin company Tether is looking to…
Bitcoin mining profitability has dropped by over 75% from the market top and is currently at its lowest since October 2020. Bitcoin’s (BTC) price tanked to a 52-week low of…
The executive power and the ruling party in South Korea have urged the cryptocurrency industry for what officials describe as voluntary regulatory measures, a Korean media report revealed. The call…
Confiant, an advertising security agency, has found a cluster of malicious activity involving distributed wallet apps, allowing hackers to steal private seeds and acquire the funds of users via backdoored…
Following the rumors and speculation surrounding the crypto lending firm Celsius, a Wall Street Journal report, quoting “people familiar with the matter,” explains that the company is reportedly hiring restructuring…
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Many consider decentralized finance to be a great boon within the crypto community and outside it. However, due to restrictions and lack of resources, the tokens have not reached a…
Ever since Terra crashed, the eyes of the crypto community and the authorities are set on Do Kwon. The Stanford dropout entrepreneur promised a lot when he introduced the Terra…
The passing of an investment proposal brought into question a legal agreement between the organizations and the Merit Circle DAO agreed to a counterproposal that would ensure a settlement. A…
The proposed law won’t necessarily make crypto legal tender in the country, but it’ll at least be legally recognized financial asset for investments and other uses. A proposed addition to…
