Category: Blockchain

Tether Launches Blockchain Recovery Tool As Stablecoin Circulation Hits Record $100 Billion

Tether Holdings’ USDT stablecoin token has reached a significant milestone by briefly surpassing $100 billion in circulation and market capitalization, making it the first stablecoin to reach this size. Tether’s USDT aims to maintain a one-to-one value with the US dollar and has experienced a circulation increase of over 9% since the beginning of the year, driven by the growing demand for Bitcoin (BTC), which is currently trading at its highest value in over two years of $66,000.  USDT Market Share Hits 70%, Exceeding $100 Billion In Circulation CoinGecko data…

Digital Asset Markets Display Robust Momentum and Heightened Activity – Blockchain News, Opinion, TV and Jobs

Bitcoin (BTC) wrapped up the week at approximately $63,100, marking a notable 22% surge from the previous week’s closing price of around $51,725. The week witnessed vigorous price action, particularly in the first half, as BTC experienced a substantial appreciation from Monday to Wednesday, peaking at $64,000 on Wednesday. Subsequently, the price stabilized in the latter half of the week, closing at about $63,100. As of the time of this writing, BTC has regained momentum and is currently trading above $65,000. The BTC Spot ETFs continue to exhibit strong momentum,…

What is Genie AI? – Blockchain.News

Genie AI stands at the forefront of artificial intelligence, integrating advanced chatbot capabilities with OpenAI’s ChatGPT and GPT-4, offering users a versatile digital assistant. Introduction to Genie AI Genie AI is an avant-garde AI chatbot that harnesses the capabilities of OpenAI’s ChatGPT and GPT-4, offering a plethora of functionalities, from generating creative content to providing expert advice across various domains. The service, provided by AppNation, is redefining user interaction with AI, making it more accessible and functional for everyday tasks and professional assistance. Innovative Features of Genie AI Genie AI…

What is AlgoSwap? – Blockchain.News

AlgoSwap emerges as a novel decentralized exchange protocol on the Algorand blockchain, designed for high-speed, low-cost, and environmentally friendly crypto trading. As the decentralized finance (DeFi) landscape continues to expand, innovative platforms like AlgoSwap are revolutionizing how digital assets are exchanged. Developed by Hypotenuse Labs and supported by the Algorand Foundation, AlgoSwap is a work-in-progress protocol that encapsulates the ethos of DeFi by providing a secure and user-friendly decentralized exchange (DEX) on the Algorand blockchain. Introduction to AlgoSwap AlgoSwap is a decentralized Uniswap-like exchange meticulously tailored for Algorand Standard Assets…

Family Pleads for Clemency as Former FTX CEO Sam Bankman Faces Sentencing – Blockchain News, Opinion, TV and Jobs

By Enoch Mutembei As the sentencing date for Sam Bankman-Fried, the former FTX CEO, approaches, a plea for clemency has emerged from an unexpected source – his own family. In a recent filing to the United States District Court for the Southern District of New York, SBF’s lawyers submitted 29 letters of support, including heartfelt recommendations from his mother, father, and brother. Barbara Fried, Joseph Bankman, and Gabriel Bankman-Fried, the mother, father, and brother of the 31-year-old former CEO, all penned letters to Judge Lewis Kaplan, shedding light on SBF’s…

Theta Capital Management B.V. Announces $200M Theta Blockchain Ventures IV Fund

Theta Capital introduces a new $200M fund, Theta Blockchain Ventures IV, targeting early-stage blockchain infrastructure. Theta Capital Management B.V., a leading global investor in blockchain venture capital funds, has launched Theta Blockchain Ventures IV, a significant new fund aimed at investing in the foundational infrastructure of blockchain technology. With a targeted total of $200 million in commitments, the fund marks a strategic move to capitalize on what Theta Capital views as a generational investment opportunity within the blockchain sector. Theta Capital has a history of deploying over $650 million in…

OKLink Reveals $103M Blockchain Losses in February 2024

OKLink’s February 2024 report details $103M in crypto losses, highlighting the critical need for heightened security measures. The blockchain industry faced significant security challenges in February 2024, as reported by OKLink in a recent review. The cumulative losses across the network approximated a staggering $103 million USD, with phishing scams contributing to 11.76% of these losses, according to the OKLink Security Incident Review. The report highlighted that official social media accounts experienced 37 scams and phishing incidents, mainly concentrated on platforms like Twitter and Discord. These security breaches underscore the…

Bitcoin Dogs ICO Raises $5.7 Million, Pioneering BRC-20 and Bitcoin Gaming – Blockchain News, Opinion, TV and Jobs

London, United Kingdom, March 1st, 2024, Chainwire The Bitcoin Dogs presale for the first-ever coin on the Bitcoin blockchain has now raised a total of $5.7 million since the 14th of February. The world’s first ICO on BRC-20, Bitcoin Dogs, has 14 days until the presale closes. The growth of the Bitcoin Dogs community is showing no signs of slowing down. Across its core social channels, the following has broken the 100k mark, with over 110k followers on Twitter and over 19k in the official Telegram group. The Bitcoin Dogs…

Green Bitcoin Presale Raises $1M as Bitcoin Approaches its ATH – Blockchain News, Opinion, TV and Jobs

London, United Kingdom, February 29th, 2024, Chainwire The eco-friendly crypto project Green Bitcoin has seen its limited-time presale phase cross $1 million in funding. With an innovative gamified staking model and energy-efficient foundation, Green Bitcoin offers token holders a way to stake their tokens and generate yield. Gamified Staking Model Offers Unique Way to Earn Green Bitcoin’s gamified staking model offers a unique twist, token holders can try to predict Bitcoin’s daily price movements, and if they are successful they can earn rewards that vary based on accuracy and stake…

LTO Network makes their Layer-1 blockchain available for the fight against counterfeit goods – Blockchain News, Opinion, TV and Jobs

Amsterdam, Netherlands, February 29th, 2024, Chainwire Scantrust and LTO Network Partnering for Secure, Transparent items. Scantrust’s innovative Secure QR codes, a well-known and proven tool against counterfeiting, can now be used in conjunction with LTO Network’s secure, transparent blockchain technology. This allows organizations that depend on critical documents and high-value, luxury goods to have additional options to establish and maintain a new level of trust and accountability. Any item with Scantrust Secure QR codes can have their authenticity verified in a matter of seconds using a mobile phone. With the…