Day: May 27, 2022

Tether Launches on Polygon, USDT Stablecoin Now Hosted on 11 Blockchain Networks – Altcoins Bitcoin News

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Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Original

Tether Joins the Polygon Network with Introduction of its Stablecoin

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Tether has further stretched the company’s reach and influence with the introduction of a dollar-pegged stablecoin (USDT) on the Polygon Network, a deal that extended the stablecoin to over 11 blockchain networks. Through its relationship with Tether, the Polygon ecosystem is expected to have a stable currency for investors, which will help generate yield in and out of the network. This will all be achieved through the integration of Tether’s stablecoin USDT, which is tied to 1:1 to the U.S. dollar and has a market capitalization of about $73 billion.…

How the US Can Establish Itself as a Crypto Leader

The week of the terraUSD (UST) collapse was among the most painful weeks in crypto history – and one we’ll reckon with for a long time. It wrought havoc on the crypto market, resulting in billions of dollars in lost value. And while those in Washington, D.C., rightly debate next steps, a smart, thoughtful conversation around potential regulation is critical. Source

Cryptocurrency News | Bitocoin Price Prediction | Why Crypto Market Is Going Down ?

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No, the UK Is Not Going to Make USDC and USDT Legal Tender

None of these payments involve legal tender. Debit cards, credit cards, bank transfers, checks, mobile money, PayPal – not one of these is legal tender in the U.K. In England, only banknotes and coins are legal tender, and low-denomination coins are only legal tender for amounts up to 20 pence (US25 cents). In Scotland, only coins are legal tender. Source

Thoughts From Davos

In other words, it’s possible, even plausible, that the crypto industry was able to take advantage of a gap in normal sponsorships to get a foot in the door, so to speak. It’s far too early to know whether they’ll be able to repeat this during a normal WEF meeting (the next one will be Jan. 15-20, 2023).  Matthew Blake, head of the future of financial and monetary systems at the WEF, told me that the annual meeting wouldn’t have any crypto panels if there wasn’t interest from multiple parties.…

The NFT Fever Seems to Have Caught up With YouTube

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YouTube may be the next social media platform to announce the adoption of NFTs to its platform. The first social media site to announce the integration of NFTs on its platform is Instagram; Twitter and Spotify have also both announced the integration of NFTs onto their platforms. YouTube seems to have a lot of plans for integrating the NFT marketplace for creators on its platform, as previously announced. The video-sharing giant has shown plenty of intention regarding the integration of an NFT marketplace for creators. Susan Wojcicki, the CEO of…

Brazilian university USP will conduct academic research in the metaverse

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As reported by the University of Sao Paulo (USP), the metaverse-centric research will be carried out by research groups interested in 3D modeling, psychology and human behavior, and the effectiveness of virtual and augmented reality devices. These research domains will be evaluated within the context of the metaverse to understand how the new virtual world impacts user interactions. USP professor Marcos A. Simplicio Jr. highlighted that this is the first time USP had received a nonfungible token (NFT) via partnership. The token in question is a rare piece of land…