Commercial Paper Reserves Of Tether Under Heavy Regulatory Scrutiny

Tether has been facing a lot of pressure from regulatory authorities. Now, the attention of the watchdogs has shifted to its commercial paper reserve. As a result, this week has been very hot for the company. The regulators focus their attention on what makes up the Tether reserves. Related Reading | Cardano Aims To Facilitate Users With Smart Contracts A report disclosed that Tether’s Michael Hsu said that the US regulators focus their attention on the paper to know if every Read more …

Global Cryptocurrency Adoption Doubled Since January Reaching 221 Million Users: Report – Bitcoin News

A new report issued by Crypto.com, a cryptocurrency exchange and fintech services firm, discovered that the number of people using cryptocurrencies has more than doubled since January, reaching 221 million last June. The report states that the rise of the defi movement, institutions like Tesla, Visa, Mastercard, and Microstrategy adopting cryptocurrency, and El Salvador establishing bitcoin as legal tender, were important events that helped to popularize crypto even more. Cryptocurrency Userbase Jumps to 221 Million Worldwide, According to Crypto.com Read more …

Central Bank of Ireland Governor Talks Crypto, Praises ‘Secure, Decentralized’ Technology – Fintech Bitcoin News

Gabriel Makhlouf, the governor of the Central Bank of Ireland (CBI), has published a blog post in which he shares his views on the digitalization of finance. While echoing concerns expressed by his counterparts regarding cryptocurrencies, the official has also highlighted some of their positives. Don’t Ignore the Positive Elements of Crypto Technology, Central Bank Governor Says The article titled “Digital Money” was published on the bank’s website on Thursday. In the post, Gabriel Makhlouf discusses the project to issue Read more …

How Much Is Your Love Worth? Polish Influencer Sells “Love” As NFT

NFTs are becoming the next big thing in the crypto market as more investors get on board with projects surrounding them. Non-fungible tokens like the “Stoner Cats” NFTs was released with huge success in their communities. Non-fungible tokens which mostly revolved around art when they were first released has now expanded into a wider domain. Increasing support for NFTs has shone through with e-commerce giant Shopify adding merchant support for non-fungible tokens. And most recently, Coca-Cola partnering up with Tafi Read more …

These 4 Projects Are Fractionalizing Grimes, Banksy, Cryptopunk NFTs – Bitcoin News

While non-fungible token (NFT) collectibles have been all the rage, a few projects have been developing the concept of fractionalized NFTs so investors without deep pockets can purchase shares of an expensive collectible. On Thursday, the firm Otis revealed that people can invest in an NFT created by the world-famous Canadian musician and record producer Grimes. The platform allows anyone to purchase a small fraction of the recording artist’s artwork called “Newborn 1 & 3.” Grimes’ Artwork ‘Newborn 1 & Read more …

Five Bullish Monthly Charts That Suggest Bitcoin Will Blast Off

Tomorrow is the last day of the month of July, and Bitcoin is at a pivotal moment in its lifetime. The crossroads of a possible bear market or bullish continuation is here, and the path chosen will dictate the trend for potentially months or years to come. The monthly timeframe could provide clues as to what might be next, and we’ve got five ultra bullish technical charts and reasons why Bitcoin is more likely to blast off than fall further Read more …

Report Suggests Robinhood Owns Largest Dogecoin Address and Third-Largest BTC Wallet – Featured Bitcoin News

Last February the crypto community was obsessed with a specific dogecoin address that happens to be the largest dogecoin holder today with over 36 billion DOGE. One armchair sleuth studied a number of onchain transactions and suspected the company Robinhood owned the wallet. Now the individual has researched the topic again and claims the latest findings help confirm the dogecoin wallet does belong to Robinhood. Alongside this, the person suspects Robinhood controls the third-largest bitcoin wallet as well. Onchain Research Read more …

Why I Should Spend Retirement On Bitcoin

“Many adults are struggling to save for retirement and feel that they are not on track with their savings. While preparedness for retirement increases with age, concerns about inadequate savings are still common for those near retirement age.” —Federal Reserve Website Despite the Federal Reserve’s tone-deaf admission that many Americans struggle to retire when one of the central bank’s primary mandates is price stability, as of March 2021, there were approximately $35.4 trillion trapped in tax-advantaged retirement accounts. For many Read more …

Huge Bitcoin Inflow To Gemini Behind The Drop To $38k?

On-chain analysis shows that crypto exchange Gemini observed huge Bitcoin inflows just before the plunge down to $38k. Huge Bitcoin Inflows To Gemini As pointed out by a CryptoQuant post, crypto exchange Gemini saw huge inflows earlier today resulting in a positive spike in the netflows. Before examining the data, here are some quick definitions for the relevant terms. The exchange inflow is the amount of BTC sent from personal wallets to the exchange platform. Similarly, the outflow is the Read more …

Hardware Bitcoin Security And Blockstream’s Jade Wallet

Watch This Episode On YouTube Listen To This Episode: In this episode of “The Van Wirdum Sjorsnado,” Aaron van Wirdum conducted one more interview without his regular co-host Sjors Provoost. Instead, he was joined by Blockstream’s Lawrence Nahum, one of the developers behind the Jade wallet; and Ben Kaufman, one of the developers of the Specter wallet, which is specifically designed to work with hardware wallets. Van Wirdum, Nahum and Kaufman talked about what hardware wallets are, and discussed the Read more …

Finland Looking for Brokers to Sell Seized Bitcoins Worth $80 Million – Regulation Bitcoin News

Finland’s customs authority is looking for brokers to sell 1,981 bitcoins seized in drug cases. The coins are currently worth nearly $80 million. Finland’s customs authority announced Thursday that it is seeking brokers to sell 1,981 bitcoins seized in drug busts, Bloomberg reported, noting that the coins were forfeited to the state by court order. At the time of writing, the bitcoin stash is worth $78.75 million. Most of the seized coins were accumulated in raids before 2018. The Finnish Read more …

Celebrate With Crypto As Ethereum Turns Six Years Old

The Ethereum community celebrates 6 years since the network was launch. The platform host some of the most important crypto trends, from decentralized finances (DeFi), non-fungible tokens (NFTs), and is currently in the process to migrate from a Proof-of-Work (PoW) consensus mechanism to Proof-of-Stake (PoS). Ethereum has gone from process thousands of transactions to around 1.2 billion, according to data provided by Etherscan. The network settles trillions of dollars in value every year, said the co-founder of EthHub Anthony Sassano, Read more …