The public listing of USDC issuer Circle has raised questions about whether Tether could pursue an IPO of its own. In response, the latter has made its stance clear. According to recent comments by CEO Paolo Ardoino, Tether, the issuer of the world’s largest stablecoin USDT, has no plans to go public. Ardoino shared the … Read more
Chainlink’s blockchain protocol facilitated a simulated exchange between Hong Kong’s prototype central bank digital currency (CBDC) and an Australian dollar stablecoin in Phase 2 of the e-HKD+ Pilot Programme. Chainlink Enables Direct e-HKD to Australian Stablecoin Exchange in Test The Hong Kong Monetary Authority (HKMA) initiative involves Visa, ANZ, Fidelity International, and ChinaAMC Hong Kong … Read more
Key takeaways: A newly created whale wallet opened a $54.5M 20x long position on Bitcoin at $106,538. Bitcoin nears $108,000 as US-China trade talks and bullish equity forecasts lift market sentiment. Analysts expect BTC to break its all-time high within 1–2 weeks, mirroring recent breakouts in gold and the S&P 500. Bitcoin (BTC) reached $108,000 … Read more
Japanese Yen (JPY) is showing solid gains vs. the US Dollar (USD), up an impressive 0.5% with outperformance against most of the G10 currencies, Scotiabank’s Chief FX Strategist Shaun Osborne notes. Limited data risk ahead of June 17 BoJ meeting “Japan’s final Q1 GDP was released overnight, showing minor positive revisions and a better overall … Read more
Representatives in Washington want the Commodity Futures Trading Commission (CFTC) to regulate crypto, but there are questions about whether the agency is up to the task. Last week, US Congressman French Hill released the first draft of the Clarity Act, a bill that would create a new category of asset, the “digital commodity.” It would … Read more
If you’ve been thinking about diving into tennis betting, now is the perfect time to get involved. With the grass court season kicking off and the countdown to Wimbledon officially underway, Sportsbet.io is rolling out a timely promotion that rewards fans who are backing the action each week. Their Summer Tennis Free Bet Boost promo … Read more
Stablecoin issuer Tether plans to open-source its Bitcoin mining software, a move the company said would allow new miners to enter the market without relying on expensive third-party vendors. By open-sourcing its Bitcoin Mining OS (MOS), “A horde of new Bitcoin mining companies will be able to enter the game and compete to keep the … Read more
The stock market closed green last week as the S&P 500 hit the elusive 6,000 mark, driven by a broad rally following May nonfarm payroll (NFP) numbers, which showed 139,000 jobs added and the unemployment rate holding at 4.2%. While the headline figures eased fears of an immediate slowdown, deeper indicators revealed signs of strain: … Read more
BitMine Immersion Technologies, Inc., a Bitcoin focused technology company, has taken its first step into treasury accumulation with the open market purchase of 100 Bitcoin. The acquisition marks the launch of BitMine’s formal Bitcoin Treasury business. The 100 BTC were purchased using funds raised through BitMine’s recent public stock offering, which closed on June 6, … Read more
What is hodling crypto? Hodling crypto means holding onto cryptocurrency long-term instead of selling, regardless of market volatility. In 2013, a late-night forum post on Bitcointalk was titled “I AM HODLING.” The user, clearly frustrated with market swings and maybe a few drinks in, meant to say “holding.” Nevertheless, the typo stuck. In the years … Read more