Tether, the prominent stablecoin issuer, has recently completed its second $1 billion issuance within two months, bringing the total amount issued in 2023 to over $16 billion. The transaction occurred on June 12, utilizing the Ethereum blockchain. Paolo Ardoino, Tether’s Chief Technology Officer (CTO), took to Twitter to clarify that
Despite a global crackdown on crypto assets, demand for tether (USDT) has been robust in Turkey since early May. The Turkish lira has performed significantly worse than the big cryptocurrencies, a recent report from Bloomberg notes. Longtime Turkish President Recep Tayyip Erdogan was reelected. Moreover, the country’s national fiat currency
Last week, the global crypto market staged one of the wild altcoins’ bloodbaths since the Terra Luna collapse in 2022. The ongoing ‘SEC vs Crypto’ predominantly initiated this crypto crash. Numerous cryptocurrencies have plunged to the bottom, hitting new all-time lows (ATL) on Saturday. After being tagged as securities, ADA,
After being silent for some time, the Solana Foundation has commented on the SEC’s recent decision to classify Solana (SOL) and other cryptocurrencies as securities. The company expressed its disagreement with the market regulator in a recent post it tweeted. The Solana Foundation issued a statement saying it appreciates lawmakers’
After a brief interruption in minting activity via its technological partner Prime Trust, the stablecoin TrueUSD (TUSD) lost its dollar peg in the early hours of June 10. At its lowest in the last 24 hours, the market price of the fifth most valuable stablecoin by capitalization was $0.9958. Its
Ethereum (ETH) has established itself as a prominent player, captivating investors and enthusiasts alike. Glassnode Alerts, a leading data analytics platform, recently reported that the number of profitable ETH addresses had reached a one-month low. However, Ethereum’s price has experienced a modest 1.14% increase amidst this decline, currently trading at
Staking in Terra Luna Classic (LUNC) has achieved a new record high of 1 trillion. Since last year, when a team of developers lead by professor Edward Kim introduced staking to Terra Classic, the community has been patiently waiting for this momentous accomplishment. Around a trillion LUNC, or roughly $100
Circle, the issuer of the USDC stablecoin, has continued with its preparations for an initial public offering (IPO) despite aggressive regulatory action by the U.S. Securities and Exchange Commission (SEC). But in light of the present regulatory climate, Circle can expect everything but an easy ride. Circle planned a merger
Last week, the cryptocurrency market once again found itself under the microscope. The Securities and Exchange Commission (SEC) filed a series of lawsuits, causing ripples across the digital currency landscape. Consequently, Bitcoin (BTC), Ethereum (ETH), and even Tether (USDT) saw fluctuations in their market performance. Interestingly, the most significant shakeup
One of the popular memecoins, Baby Doge Coin (BABYDOGE) has moved forward with a partnership. The world’s largest animal rescue and adoption organization, North Shore Animal League has started saving dogs by supporting BABYDOGE. The @BabyDogeCoin Mobile Unit on the move, helping dogs find forever homes! Thru our partnership with
