“We believe that creating an independent BRICS payment system is an important goal for the future, which would be based on state-of-the-art tools such as digital technologies and blockchain. The main thing is to make sure it is convenient for governments, common people and businesses, as well as cost-effective and free of politics,” Kremlin aide Yury Ushakov said in an interview with TASS. Source
Tether introduces a robust blockchain recovery plan to secure USDT tokens and ensure uninterrupted access across multiple blockchains. Tether (USDT) has announced the implementation of a comprehensive blockchain recovery plan. This plan is designed to ensure uninterrupted accessibility of USDT tokens across several blockchains, safeguarding user assets against potential disruptions. Tether’s Proactive Approach to Blockchain Disruptions Tether, the world’s largest stablecoin by market capitalization, is a linchpin in the global cryptocurrency market and holds a vital position in emerging markets and developing countries. Recognizing its essential role in daily transactions…
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…
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,…
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In a landmark ruling, the Texas Blockchain Council (TBC) and Riot Platforms Inc. have triumphed in their lawsuit against the Biden administration, successfully halting the data collection efforts on bitcoin mining operations. TBC and Riot Platforms Win Case Against Bitcoin Mining Data Survey The United States District Court for the Western District of Texas has […] Original
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 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’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…
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…