Latest news about blockchain and cryptocurrencies
The largest stablecoin by market capitalization will be the first to enter the ecosystem as the Kusama canary network adds support for tether before the eventual deployments to parachains. Tether Inclusion Complements Polkadot’s Efforts to Attract More Defi Applications With cryptocurrency once again on the ascent and the aggregated market capitalization nearing $2 trillion, tether […]…
Read more →Polkadot (DOT) investors seem to be unimpressed by the news that the most popular stablecoin is coming on this blockchain. The issuer of the stablecoin, Tether, announced today that tether (USDT) will launch on Polkadot, becoming the first stablecoin on this network. However, DOT, ranked 6th by market capitalization, is moving lower today after it rallied by 25% in a…
Read more →The Tether stablecoin is coming to the Polkadot network and its cousin network Kusama….
Continue reading on https://decrypt.co/64050/tether-expands-to-polkadot-as-usdt-market-cap-hits-43-billion
Read more →The company behind the world’s largest stablecoin disclosed a report by aiming to show “transparency commitment” to clarify whether Tether’s reserves are fully backed or not. Tether Holdings Limited published its “Assurance Opinion” issued by an auditing firm based in the Cayman Islands. Accounting Firm Recognizes Two Ongoing Legal Cases According to the statement, Tether […]…
Read more →Tether claims its coins are backed by reserves worth over $35 billion, but hasn’t said exactly what it’s invested in….
Continue reading on https://decrypt.co/63577/tether-attestation-takeaways
Read more →Source: iStock/standret, Cryptonews.com Tether, the issuer of the most popular stablecoin, tether (USDT), published its independent accountant’s report that claims that the company’s assets exceed its consolidated liabilities "as of 28 February 2021 at 11:59 PM UTC." Cayman-based auditor Moore Cayman, said that, in their opinion, the Consolidated Reserves Report by Tether is…
Read more →On Friday, the publicly listed firm Hut 8 announced the purchase of $30 million worth of Nvidia’s dedicated crypto mining GPUs called the Cryptocurrency Mining Processor (CMP). Nvidia CMPs mine the crypto asset ethereum and Hut 8 expects its aggregate operational power will be 1,600 gigahash. Hut 8 Purchases $30 Million Worth of Nvidia’s Dedicated […]…
Read more →As Turkish lira (TRY) plummeted once again amidst massive economic uncertainty and opposing views over solutions, the country’s citizens turned to Google to explore bitcoin (BTC) and other cryptoassets. Looking at the interest in ‘bitcoin’ in the past seven days in Turkey, we see that it jumped sharply on March 21, from the value of just 17 to the peak popularity…
Read more →This adventurous cryptoweek, Vitalik Buterin said Tether is Bitcoin’s ticking time bomb demon, some Ethereum miners are preparing for "a show of force" against EIP-1559, and analysts said ETH miners don’t cause price volatility. Also, XRP jumped as Ripple said its partnership with MoneyGram ended for now, Coinbase is said to be valued at USD 90bn in a private auction, PayPal agreed…
Read more →Tether (USDT) could emerge as an unlikely target for the Chinese central bank, the People’s Bank of China (PBoC), when it rolls out its digital yuan ahead of next year’s Winter Olympic Games, an industry player has opined. Speaking to Bloomberg (via Sankei Biz), Philip Gillespie, the CEO of the crypto liquidity provider B2C2 Japan stated that the Chinese authorities…
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