Criptos News

Latest news about blockchain and cryptocurrencies

Fundraising Leaders North Americans are ‘Most Likely to Write Rules of Metaverse’ – CoinShares

Although the concept of the metaverse is still nascent, it is the Americans who are the most likely to write the rules in the space - as they’re the leaders in terms of fundraising, suggests a recent report by Max Shannon, Digital Asset Analyst at the crypto investment and research firm CoinShares…. Read More: Fundraising Leaders North Americans are ‘Most Likely to Write Rules of Metaverse’ – CoinShares

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Tron is Eating into Ethereum’s Share of the Tether Market, But It Will Have to Do More to Become a Serious Rival

Tron (TRX) has long been the butt of jokes and insults from much of the crypto sector, stretching back to 2019 (and even earlier) and continuing to the present day. Yet in the past year or so, it has become an increasingly hard-to-ignore Ethereum (ETH) rival, exemplified by the fact that the supply of tether (USDT) stablecoin on its blockchain has overtaken Ethereum’s own supply on numerous occasions…. Read More: Tron is Eating into Ethereum’s Share of the Tether Market, But It Will Have to Do More to Become a Serious Rival

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Beijing Court Rules in Case Involving a Man Who Refused to Be Paid in USDT Instead of Fiat

A Chinese tech worker who refused to be paid in tether (USDT) and insisted on receiving fiat yuan has won his case against his former employers. Per the Workers’ Daily, a branch of the People’s Court in the Chaoyang District of Beijing heard a civil case involving a now-defunct IT company and a former contract employee named by the court only as Shen (his surname)…. Read More: Beijing Court Rules in Case Involving a Man Who Refused to Be Paid in USDT Instead of Fiat

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Bitmain to Launch its AntMiner E9 Despite the Ethereum Merge Edging Closer

Bitcoin (BTC) and crypto-mining monolith Bitmain will start selling its latest Ethereum (ETH) mining rig AntMiner E9 on Wednesday, even as Ethereum developers gear up for the blockchain’s shift to proof-of-stake (PoS). The Chinese mining hardware manufacturer announced the news on Twitter Tuesday, detailing that E9 features a hash rate of 2,400M, along with 1,920 watts of power consumption, and power efficiency of 0.8 joules per minute…. Read More: Bitmain to Launch its AntMiner E9 Despite the Ethereum Merge Edging Closer

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Argentineans Rush to Tether After Economy Minister Resigns

Residents of Argentina rushed to bid up the price of the popular stablecoin tether (USDT) in local fiat terms over the weekend after news broke that the country’s minister for the Economy had resigned. According to data from CriptoYa, a data provider that tracks crypto prices from Latin American exchanges and peer-to-peer markets, the price of USDT in the Argentine peso (ARS) jumped this weekend from around ARS 250 per USDT on Saturday to between ARS 270 and ARS 280 on Monday…. Read More: Argentineans Rush to Tether After Economy Minister Resigns

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Circle Denies USDC Trouble Rumors, Tether Supply Still Elevated on Curve

Circle, the US-based payments company that issues the stablecoin USD coin (USDC), has denied that it is facing any sort of difficulty in maintaining the coin’s US dollar peg. Meanwhile, the supply of tether (USDT) coins on one of the most used stablecoin liquidity pools remains elevated…. Read More: Circle Denies USDC Trouble Rumors, Tether Supply Still Elevated on Curve

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