Month: July 2022

Tether says it holds zero Chinese commercial paper, denies 85% exposure

Tether reports that its total commercial paper exposure has been cut to $3.7 billion from $30 billion just one year ago. The major stablecoin issuer Tether has reiterated that the company plans to completely get rid of commercial paper backing for its U.S.-dollar stablecoin USDT already this year. In a blog post on July 27, Tether said it “holds no Chinese commercial paper as of today,” while its total commercial paper exposure has been cut to $3.7 billion from $30 billion one year ago. By late August 2022, Tether said…

How CEO Alex Mashinsky Went from Bashing Banks to Bankrupting Crypto Lender Celsius.

According to Mashinsky’s website, he has founded eight startups (Arbinet, Comgates, Elematics, Transitwireless, Governing Dynamics, GroundLink, Inseego and Celsius – and was generally also the chairman, CEO or managing partner), holds 50 patents, raised more than $1.5 billion with over $3 billion in exits, “and now leads the Celsius team with over $25 [billion] in crypto assets.” Source

Dogecoin Seen Doubling In Price, Despite Shedding 10% In Last 7 Days

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After everything is trading in red in the crypto space, Dogecoin price made a refreshing spike and may even more than double in price by the end of 2022, according to analysts’ long-term price forecast. Being the original and top meme token, Dogecoin is killing it in the crypto game. DOGE has seen a slight gain of 0.5% as seen in the past 24 hours. As of press time, DOGE is currently trading at $6.2. Dogecoin is currently the world’s 10th largest crypto in terms of market cap. It has…

Gamestar+ Confirms Partnership With Ava Labs and Impending Launch on Avalanche – Press release Bitcoin News

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press release PRESS RELEASE. Streaming social game platform Gamestar+ has confirmed an official partnership with blockchain developer Ava Labs, commencing the development of the technological framework that will allow Gamestar+ to bring the most iconic and well-known interactive IPs and entertainment brands as family gaming experiences, with powerful web3 and play-and-earn features. The new partnership, officially announced on 07/15, will see Gamestar+ leverage Ava Lab’s extensive experience in blockchain development. Avalanche blockchain technology will connect players, friends, and families around the world with robust smart contract functionality and high transaction…

Ripple (XRP) Is Up 190% From Cycle Low, But Will It Ever Reach $3?

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Ripple has remained a prominent name in the crypto market despite its woes in recent years. The digital asset was expected to crash as its case with the SEC raged on, but it has managed to maintain its hold on the market while building an effective community around itself. Nevertheless, the digital asset remains one of the few that didn’t hit its previous all-time high during the last bull run, sparking speculations of if it will ever return there. FUD Derails Ripple’s Growth During the 2017 bull run, Ripple (XRP)…

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Women’s Sports and Crypto: An Overlooked Investment Opportunity?

According to the chart above by the Morning Consult, about 64% of respondents who identified as Women’s National Basketball Association (WNBA) fans, and 70% of Women’s Tennis Association (WTA) fans were familiar with cryptocurrencies, compared with fans of the NBA (52%), NHL (52%), MLB (47%) and NFL (45%). Women’s sports fans are clearly more familiar with the crypto industry than fans of men’s leagues. And yet, the crypto world, like other sponsors of sports leagues, has not used the already familiar audience and growth of popularity of women’s sports in…

NFT domains platform Unstoppable raises $65M Series A at $1B valuation

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On Wednesday, nonfungible token (NFT) domains platform Unstoppable Domains announced that it closed a $65 million Series A funding round at a valuation of $1 billion.  Notable investors in the deal include Pantera Capital, Mayfield, Gaingels, Alchemy Ventures, Redbeard Ventures, Spartan Group, OKG Investments, Polygon, CoinDCX, CoinGecko, We3 syndicate, Rainfall Capital, Broadhaven, EI Ventures, Hardyaka, Sound Media Ventures, Boost VC and Draper Associates. Unstoppable said it will use the fresh capital to fuel product innovation and grow partnerships in the Web3 space. Unstoppable Domains offers NFT domains, which are suites…

ETC Nears 10-Week High, as TRX Extends Recent Gains – Market Updates Bitcoin News

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Ethereum classic was approaching a ten-week high on Wednesday, as prices rose by over 14% in today’s session. These gains came as prices rose for a second consecutive day, with tron also extending recent gains during hump day. Overall, the crypto market cap is 1.51% higher as of writing. Ethereum Classic (ETC) Ethereum classic (ETC) was a notable mover in today’s session, as the token rose by almost 15% on Wednesday. Following a low of $23.72 on Tuesday, ETC/USD rallied to an intraday peak of $27.51 earlier in the day.…