Tether, the issuer of the largest stablecoin in the world, USDT, has recently made significant decisions regarding the future of its stablecoin versions of Bitcoin Omni Layer, Bitcoin Cash, and Kusama. The company has decided to discontinue the Bitcoin Omni Layer version and the stablecoin versions of Bitcoin Cash and Kusama. This move comes as Tether focuses on exploring new
Small and medium enterprises (SMEs) are the lifeblood of global economic development. They constitute a staggering 90% of all businesses and generate 50% of worldwide employment. However, despite their significance, many SMEs face challenges in thriving and expanding without accessing the global financial system. This is where stablecoins like USD Coin (USDC) and Tether (USDT) come into play, offering SMEs
A new report from blockchain analytics firm TRM Labs has shed light on the staggering extent of cryptocurrency thefts by North Korean hackers over the past five years. Despite North Korea’s denial of involvement in hacking and cyberattacks, the report reveals that these state-affiliated hackers have stolen more than $2 billion in cryptocurrencies during this period. The Extent of the
Shiba Inu, the popular cryptocurrency known for its likeness to the Shiba Inu dog breed, has set its sights on establishing a robust decentralized finance (DeFi) ecosystem. At the forefront of this transformation is Shibarium, a Layer 2 solution designed to enhance the efficiency and accessibility of Shiba Inu transactions. Initial Rollout and Fail-Safe Mode During the initial rollout of
Cryptocurrency and blockchain technology have revolutionized the way we approach finance and decentralized systems. As the market evolves, alternative funding options like grants have emerged as valuable means of supporting community growth while fueling the advancement of established projects. However, the recent market downturn has resulted in a decline in crypto venture capital funding, signifying the need for grants to
The world of digital assets has witnessed a paradigm shift with Non-Fungible Tokens (NFTs) taking center stage. Among the wide array of blockchain platforms, Ethereum emerges as the most scalable crypto protocol, effectively transforming the NFT space. This article delves into the profound impact of Ethereum on ushering in NFT dominance and explores the reasons behind its appeal to investors.
In a significant development, Curve Finance, a popular decentralized finance (DeFi) protocol, has revealed its commitment to compensating users impacted by a recent hack that resulted in losses amounting to $62 million. This article explores the details of the attack, the measures taken to address the situation, and other notable recent events in the DeFi space. Details of the Hack
Mastercard, the renowned payments giant, has taken a significant step in the crypto sphere by establishing a forum to facilitate discussions and collaboration among industry players. The focus of this initiative is the exploration of central bank digital currencies (CBDCs), which is a trending topic in the financial world. Notably, the CBDC Partner Program has already garnered participation from key
In the rapidly evolving world of blockchain technology, ZetaChain has emerged as a frontrunner, offering a groundbreaking Layer1 blockchain solution that enables seamless communication and omnichain capabilities across all blockchains. This article delves deep into the various aspects of ZetaChain, including its Proof of Stake (PoS) foundation, rapid block generation times, impressive features, thriving ecosystem, strategic partnerships, successful funding, visionary
Uniswap, a decentralized exchange (DEX) built on the Ethereum blockchain, has emerged as a vital player in facilitating token launches and Initial Coin Offerings (ICOs) within the Ethereum ecosystem. With its innovative approach to liquidity provision and a trustless trading environment, Uniswap has revolutionized the way tokens are exchanged and has become a primary hub for liquidity in the decentralized
Europe’s financial landscape is undergoing a significant change as Jacobi Asset Management company lists its first Bitcoin exchange-traded fund (ETF) on Euronext, a stock exchange platform based in Amsterdam. This landmark development marks the introduction of BTC investment opportunities for traditional corporate investors in Europe, positioning the continent ahead of the US and Asia in embracing digital assets within regulated
The Digital Energy Council launched on August 15th with the primary objective of advancing policies that encourage the growth of digital asset mining and energy development. Founder Thomas Mapes believes that it is “long overdue” for digital asset miners to have a unified voice in Washington. This article will explore the role of crypto mining in the energy ecosystem, highlight
