On Tuesday, the US dollar-pegged stablecoin Tether reached 500 million users, providing an alternative for those who are unable to utilize conventional banking services to make transactions and save money. “Likely the biggest financial inclusion achievement in history,” Tether CEO Paolo Ardoino commented on X. According to Tether, this number
Wednesday saw a little increase in bitcoin prices, but they were still at their recent lows. The cryptocurrency market has been recovering from a severe flash collapse that occurred in early October. The cryptocurrency industry has underperformed its riskier counterparts this year, and the risk-off trend in the financial markets
The crypto assets are flashing mixed signals, with the fear sentiment lingering in the market. Both green and red flags are waving across the digital assets. Bitcoin (BTC) is struggling to cross the $108K mark. Meanwhile, Ethereum (ETH), the largest altcoin, is attempting a steady recovery but facing back-to-back rejections.
The Scoop AI Hackathon is a worldwide competition with prizes totaling $100,000 that aims to accelerate innovation at the intersection of artificial intelligence and blockchain technology. Today, Neo, the leading Layer-1 blockchain that is driving the vision of a smart economy, and SpoonOS, an AI operating system that focuses on
Given the extraordinary demand for electricity, the provincial government of British Columbia has decided to prohibit the installation of any new crypto mining connections to the hydro power grid. A group of new laws meant to boost the economy and assist the state-owned power company BC Hydro with its electricity
One of the first verifiable loyalty platforms in the world, AIR Shop, was launched today by Moca Network, a flagship initiative of Animoca Brands that is creating the biggest chain-agnostic decentralized digital identity network in the world. Created in collaboration with SK Planet and Spree Finance (“Spree”), a layer of infrastructure for
A White House economic advisor predicted that the US government shutdown, which has lasted three weeks, is “likely to end sometime this week,” which might lead to crypto regulatory advancements. On Monday’s Squawk Box episode of CNBC, Kevin Hassett said, “I think the Schumer shutdown is likely to end sometime
With the introduction of the AtlanticOcean Testnet, Programmable open financial Layer-1 Pharos Network has advanced its ecosystem from regional pilots to a worldwide interconnected network, achieving a significant milestone in terms of size, memory, and speed for its blockchain architecture. The Pharos Atlantic Ocean Testnet acts as a bridge for global liquidity
In the course of its first ever hard fork, which will be referred to as “Hydrogen,” the blockchain platform COTI will undergo a mainnet upgrade on Monday at 12:00 PM UTC. It has the potential to enhance its technological basis, security, and performance for application in enterprise use. For the purpose of
U.S spot Bitcoin Exchange-traded funds (ETFs) lost almost $1.2 billion last week. As a whole, the eleven US-based spot Bitcoin ETFs lost $366.6 million on Friday, capping off a losing week for the asset and institutional investment products linked to Bitcoin. SoSoValue reports that the biggest outflow was in BlackRock’s
