NewsBriefs - Tether's USDT serves over 300 million global users, reveals CEO Paolo Ardoino

Jun 15, 7:18 PM Beincrypto

Tether's USDT serves over 300 million global users, reveals CEO Paolo Ardoino

Tether CEO Paolo Ardoino highlighted USDT's critical role in global finance, particularly in emerging markets where it aids over 300 million users by providing stable, digital dollar access, enhancing efficiency in money transfers and storage. This positions Tether among the top buyers of US Treasury Bills, reflecting its substantial impact on international monetary systems and its prominent market cap which dominates the stablecoin sector.

Latest

• Jun 21, 10:28 PM Cryptoslate

  Consensys persists in legal battle against SEC over crypto clarity

  Consensys continues its lawsuit against the SEC to challenge the regulatory clarity of Ethereum and its features, despite the SEC's recent dismissal of one investigation related to Ethereum 2.0. The firm seeks a legal declaration that MetaMask's swap and staking functions comply with securities laws, even as the SEC concludes other related probes without providing the clarity Consensys demands.

  Expand Hide

  

• Jun 21, 9:47 PM Decrypt

  50 Cent's Twitter hacked in Solana meme coin scam

  50 Cent's Twitter account was compromised to promote a Solana-based meme token called GUNIT in a pump-and-dump scheme. Millions were invested in the token within minutes before plunging as the scam was revealed. The rapid surge and drop in GUNIT’s value exemplify the volatility and risks of investing in crypto tokens associated with celebrity endorsements.

  Expand Hide

  

• Jun 20, 8:04 PM Cointelegraph

  Gemini founders back Trump with $2M in Bitcoin for 2024 campaign

  Gemini co-founders Cameron and Tyler Winklevoss have committed $2 million in Bitcoin to support Donald Trump's 2024 presidential campaign, advocating for his pro-crypto stance and contrasting it with current US President Joe Biden, whom they accuse of attacking the crypto industry.

  Expand Hide

  

• Jun 20, 4:30 PM Crypto Briefing

  Kraken recovers $3M in funds from CertiK, ending bug bounty dispute

  Kraken, a major cryptocurrency exchange, successfully recovered nearly $3 million from CertiK, a blockchain security company, resolving a dispute that began with CertiK's withdrawal of funds after discovering a vulnerability in Kraken's system. CertiK argued that they conducted a security test, while Kraken accused them of extortion. The conclusion of this incident raises concerns about responsible disclosure practices in the crypto industry. Additionally, this event has cast a spotlight on CertiK's controversial practices and Kraken's ongoing legal challenges with the US Securities and Exchange Commission.

  Expand Hide

  

• Jun 20, 12:50 PM Crypto Briefing

  Bitfinex analysts see no significant Bitcoin movement from US presidential debates

  Bitfinex analysts predict that the Bitcoin price will not be substantially affected by the US presidential debates between Joe Biden and Donald Trump on June 27th. The broader crypto market and PolitiFi tokens linked to presidential candidates might exhibit short-term volatility. Despite potential discussions on crypto regulations during the debates, substantial market impact is not expected. However, conversations on capital gains and crypto taxation policies during the debates could influence the market.

  Expand Hide

  

• Jun 20, 12:28 PM Crypto Briefing

  MicroStrategy buys 11,931 more Bitcoins after a successful $800M note offering

  MicroStrategy has increased its Bitcoin holdings by acquiring an additional 11,931 tokens for approximately $786 million. This purchase followed the successful completion of their $800 million convertible note offering. The company, under the leadership of Michael Saylor, continues to utilize debt financing as a core part of its strategy to invest in Bitcoin. Following this latest acquisition, MicroStrategy's Bitcoin portfolio is valued around $14.8 billion.

  Expand Hide

  

• Jun 19, 12:55 PM Crypto Briefing

  SEC closure of Ethereum investigation spurs major gains in Base meme coins

  Following the SEC's conclusion of the Ethereum investigation without imposing security charges, Base meme coins experienced dramatic increases. Leading the surge was Farcaster Flower, jumping 116% with others like Basenji and BERF also showing significant gains. Despite these rises, the low trading volumes highlight the ongoing volatility and risk associated with these crypto tokens.

  Expand Hide

  

• Jun 19, 11:00 AM Crypto Briefing

  Binance introduces HODLer airdrops for BNB holders in Simple Earn

  Binance has announced the launch of HODLer Airdrops, a new reward initiative for BNB holders participating in the Simple Earn yield program. The campaign focuses on providing airdrops from upcoming projects with significant circulating supplies and aims to bolster engagement with emerging tokens. Eligible users must complete KYC and adhere to specific jurisdictional criteria to receive airdrops directly in their Spot Wallets following predefined snapshot evaluations of their holdings.

  Expand Hide

  

• Jun 19, 1:39 AM Crypto Briefing

  SEC concludes Ethereum 2.0 investigation with no charges against ETH

  The US Securities and Exchange Commission (SEC) has concluded its investigation into Ethereum 2.0, determining that Ether (ETH) sales are not securities transactions. This decision, announced by Consensys, signals significant relief for Ethereum stakeholders by dispelling legal uncertainties and fostering continued growth in the crypto sector. Despite the positive ruling, Consensys highlights ongoing challenges in securing clear regulatory guidelines for crypto services like MetaMask Swaps and Staking.

  Expand Hide

  

• Jun 18, 2:00 PM Crypto Briefing

  zkSync sees over 71% of top holders sell after token airdrop

  Following the airdrop of zkSync tokens, over 71% of the top 10,000 recipients sold their tokens, either partially or completely, within 30 hours. Nansen's data shows 4,113 addresses liquidated their entire stake, releasing over 347 million ZK tokens into the market. Additionally, 3,033 wallets sold nearly 150 million tokens. In contrast, 28.5% of these addresses chose to retain their tokens, possibly influenced by zkSync's competitive fully diluted value in comparison to other Ethereum layer-2 solutions. Current market metrics suggest potential future price increases, reflecting past patterns observed in similar airdrops.

  Expand Hide

  

• Jun 17, 8:25 PM PR Times

  Animoca Brands Japan introduces NFT platform SORAH with exclusive collections

  Animoca Brands Japan, a subsidiary of Animoca Brands, has launched a new NFT trading platform called "SORAH by Animoku Brands Japan." This platform debuted with exclusive NFT collections including "San FranTokyo Visions," "Captain Tsubasa Team Collection," and "SHIBUYA109 FASHION COLLECTION," and offers a free "SORAH Membership NRT" to promote ease of access and exclusive benefits for users. The platform aims to serve as a Web3 gateway, facilitating the global exchange of prominent Japanese content and enhancing Japan's role in the Web3 ecosystem.

  Expand Hide

  

• Jun 17, 5:28 PM The Block

  Coinbase introduces trading in pre-launch markets for select traders

  Coinbase has launched a pre-launch markets feature through its international and advanced exchanges, enabling certain institutional and retail traders to trade perpetual futures contracts on crypto tokens before their official release. This new offering, designed for markets outside the US, Canada, and the UK, allows traders to speculate on the values of upcoming crypto projects. The initiative uses a unique pricing mechanism, different from standard perpetual futures, and caps leverage at 2x with a position limit of $50,000 notional value, highlighting a cautious approach to manage risk in these volatile trading conditions.

  Expand Hide

  

• Jun 17, 12:42 PM Crypto Briefing

  Tether launches Alloy, a new gold-backed digital asset

  Tether introduced Alloy, a new digital asset backed by its Tether Gold and pegged to the US dollar, aimed at blending the stability of gold with digital currency benefits. Alloy allows users to mint tokens using Tether Gold as collateral on the Ethereum mainnet, facilitating diverse asset management opportunities. This innovation is part of Tether's broader strategy to expand beyond traditional crypto products into areas like education, AI, data, and Bitcoin mining, while investing $1 billion in startups by 2025.

  Expand Hide

  

• Jun 17, 6:00 AM Crypto Briefing

  Binance lists ZKsync trading pairs amid airdrop criticisms

  Binance has announced the listing of ZKsync trading pairs and a new token distribution program aimed to address growing concerns from the crypto community. The criticism focuses on the ZKsync token airdrop’s fairness and susceptibility to Sybil attacks, which compromise airdrop integrity by allowing users to create multiple fake accounts. In response to these issues, Binance is offering a giveaway program, distributing 10.5 million ZK tokens to select users who meet specific transaction criteria within the ZKsync Era transactions.

  Expand Hide

  

• Jun 17, 2:03 AM Scroll_ZKP

  Scroll set to launch native token NURI for its DEX on June 19

  Scroll has revealed plans to introduce its native token, NURI, for its decentralized exchange (DEX), Nuri Exchange, on June 19. The launch will incorporate features from Uniswap v3, focusing on enhanced security, governance, and incentives, aimed at optimizing the exchange for high-frequency liquidity providers (LPs) and layer 2 (L2) scalability. This move is expected to significantly influence the decentralized finance (DeFi) landscape.

  Expand Hide