Day: April 18, 2024

Tether Expands Beyond Stablecoins into Tech and Education

Tether, the organization behind the world’s largest stablecoin by market cap, USDT, has announced a significant restructuring to broaden its reach into various digital asset sectors. This strategic shift marks a new chapter for Tether as it aims to extend its influence beyond the realm of stablecoins. The restructuring has led to the formation of […]

Bitcoin Halving: Analysts Divided on Price Impact

As Bitcoin approaches its next halving, the notorious volatility of its price intensifies, presenting a mixed bag of predictions from various experts about post-halving price movements. Analysts are split, with some seeing bullish signals while others advise caution, reflecting the complex dynamics at play in the cryptocurrency market. On-chain analysts like Julio Moreno, Head of […]

Jamie Dimon Renews Critique on Bitcoin

Jamie Dimon, CEO of JP Morgan, reaffirmed his critical view of Bitcoin, labelling it a “fraud” and likening it to a “public decentralized Ponzi scheme.” Despite his harsh words for Bitcoin, Dimon acknowledged the potential value of blockchain technology and smart contracts, highlighting their practical applications beyond the cryptocurrency. During the discussion with Bloomberg’s Emily […]

Craig Wright Ends Lawsuit Against Bitcoin Developers

Dr. Craig Wright, who has claimed to be the inventor of Bitcoin, has officially dropped his lawsuit against 12 Bitcoin developers in the Tulip Trading Limited v. Bitcoin Association for BSV & Others case, as announced by the Bitcoin Legal Defense Fund on Wednesday. This lawsuit’s conclusion is seen as the culmination of a decade-long […]

Layer N Launches Liquidity Program for DeFi Apps

Layer N, an Ethereum layer-2 network backed by Peter Thiel’s Founders Fund, has introduced a new liquidity program aimed at boosting DeFi innovation. This initiative marks a significant milestone for Layer N, which emerged from stealth mode in September 2023 with substantial backing from Founders Fund. The program aims to inject sustainable and robust liquidity […]

Hong Kong’s Bold Crypto ETF Move

Hong Kong conditionally approved the first spot Bitcoin and Ethereum ETFs, marking a significant development in the region’s financial landscape. This approval aligns with OSL’s announcement of becoming a “sub-custodian partner” for ETFs managed by China Asset Management (ChinaAMC (HK)) and Harvest Global Investment. OSL’s CEO, Patrick Pan, expressed optimism that these ETFs could herald […]

Binance Shifts SAFU to USDC for Stability

Major crypto exchange Binance has recently made a significant change to its Secure Asset Fund for Users (SAFU), converting the entirety of this emergency insurance reserve into USDC, the second-largest stablecoin by market capitalization after Tether. The SAFU is designed as a safety net for Binance users, providing reimbursement in the event of lost investor […]

Navigating the Bitcoin Halving: Miner Perspectives

Almost everyone is eagerly anticipating Bitcoin halving, viewed broadly as a catalyst for a bullish market surge due to the expected supply crunch from reduced token creation. This event, which reduces the number of new tokens mined and thus potentially increases the price of Bitcoin (BTC), is particularly significant as it happens once every four […]