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Tether CEO Paolo Ardoino provided transparency about the company’s reserve assets amid rumors that the company is under surveillance by U.S. authorities. According to Ardoino, Tether currently holds a staggering $100 billion in U.S. Treasuries, more than 82,000 Bitcoins worth approximately $5.5 billion, and 48 tons of gold backing its USDT stablecoin. That’s what it means. The breakdown comes as Ardoino denies a Wall Street Journal report suggesting Tether may be facing scrutiny for anti-money laundering and sanctions violations, and claims that Tether is under investigation. This happened in response to a direct rebuttal to Ardoino criticized the Wall Street…
According to FutureBit founder John Stephanopoulos, the company recently mined the first single Bitcoin block in more than a decade. One user was able to successfully find Bitcoin blocks using his own hardware. “This is the first time in over a decade that a single device has been discovered running a complete node and sending its blocks anonymously and independently without a third party.” said Stephanopoulos. This block was found on an Apollo II full-node device running a user’s own independent node and solo stratum server. In the early days of Bitcoin, blocks could be generated using a regular computer.…
Former President Donald Trump’s cryptocurrency project, World Liberty Financial, is reportedly planning to issue its own stablecoin, according to Decrypt. The stablecoin is expected to be pegged to the US dollar to maintain stable value amidst the volatility of the crypto market. Sources close to the project told Decrypt that World Liberty is still considering how to securely build the coin before launch. This new venture follows World Liberty’s recent $14 million initial token sale and coincides with the appointment of Paxos co-founder Rich Teo to oversee stablecoin development for the project. On October 9th, World Liberty Financial announced its…
In a massive development for the memecoin, Dogecoin’s trading volume has increased by 95%, and Dogecoin is currently poised for a major breakout. In fact, the token’s successful launch in the last week of October could lead to a multi-week breakthrough.In the past few weeks, cryptocurrencies have received another boost from Elon Musk. The Dogefather once again boosted the dominant meme coin as Tesla’s CEO pledged his position in Donald Trump’s administration unless the former president is re-elected this November.Source – BitcoinistAlso read: Elon Musk’s Doge Flex drives Dogecoin higherDOGE rises 6% on Monday as trading volume explodesEarlier this year,…
XRP was trading at $0.5169 on Monday, with the price barely moving compared to the previous day. Former SEC Enforcement Counsel LaDan Stewart criticized the SEC and the Biden administration’s approach to cryptocurrency regulation. Stewart said there are people interested in working with regulators, but he feels it’s not possible. Ripple (XRP) is steady above $0.5100 on Monday. The XRP Ledger’s native token did not have any significant price changes during the day. Former SEC attorney LaDan Stewart shares his thoughts on crypto regulation, the agency’s approach, and his experience on both the industry and regulatory sides, according to a…
Inco Network and Circle Research introduce Confidential ERC-20 Framework, an innovative solution aimed at bringing privacy compliant to public blockchainsThe new framework’s white paper, published on October 28, describes how it converts standard ERC-20 tokens into secret, encrypted versions, shielding transaction amounts and balances from the public view and increasing privacy without compromising security. Meets regulatory requirements forThe importance of privacyThe framework, outlined in a co-authored whitepaper, uses Fully Homomorphic Encryption (FHE) to store transaction data on public Ethereum-based blockchains while maintaining regulatory compliance. I’ll keep it secret.This cryptographic approach allows users to perform transactions securely without exposing sensitive information.…
Shares of Dutch medical equipment giant Philips (PHG) fell more than 16% on Monday after the company cut its sales outlook due to continued weak demand in China. The company reported sales of $4.6 billion for the third quarter that ended Sept. 30, falling short of Wall Street’s expectations of $4.9 billion. Phillips beat earnings per share by more than 14%, reporting $0.32 versus expectations of $0.28. Despite the margin increase in the quarter, Philips expects sales growth to be 0.5% to 1.5%, up from 3% to 5% for the year. However, markets outside of China will maintain their initial…
Bitcoin BTC/USD mining stock CleanSpark CLSK’s stock price is rising on Monday after the company announced approval to increase its authorized shares. What Happened: CleanSpark held a special general meeting on Friday, where shareholders approved an amendment to its articles of incorporation that would increase the number of shares of the company’s common stock authorized for issue from 300 million to 600 million. CleanSpark said it will apply to the Nevada Secretary of State to implement the authorized stock increase after receiving the final vote results from the special meeting. As Bitcoin prices rise, CleanSpark stock could also rise along…
In today’s dynamic crypto market, three cryptocurrencies are of particular interest: Kaspa, Litecoin, and BlockDAG. Among them, BlockDAG (BDAG) has attracted great attention and is leading the pack with strategic advancements and innovative breakthroughs. As Kaspa faces a notable downturn with bearish trends and Litecoin weathers market challenges with upside potential, BlockDAG has been making bold strides, recently posting a significant $105 million We celebrated a presale milestone. This achievement coincides with the release of a new brand video and further solidifies BDAG’s position as a strong player in the blockchain space. A closer look at Kaspa’s price trends Unlike…
The overwhelming amount of conversation surrounding Dogecoin, which has evolved from a meme coin to reaching the iconic $1 mark, is the hottest topic in the digital currency world. Dogecoin is currently trading at a valuation of $0.14967 and a market capitalization of $21.93 billion. Investors and everyone involved in digital currencies want to know the future fate of this coin. This comprehensive essay from Dogecoin price predictions from 2024 to 2040 explains what could influence its course towards the dollar mark. dogecoin phenomenon Dogecoin has grown from a comical meme to the 9th largest cryptocurrency by market capitalization, and…