Author: Emma Davis

Article written by Emma Davis

Tether Dominates Stablecoin Market with $118B Supply

September 17, 2024 1 min read

Tether’s USDT stablecoin now holds more than 75% of the stablecoin market, a considerable increase from 55% in 2022. This increase is attributed to the growing demand for USDT as a reliable middleman between fiat currencies and digital assets. With a circulating supply of $118 billion, USDT has witnessed consistent adoption throughout crypto marketplaces, bolstered by its good financial performance. Tether earned $400 million in income over the last month,

Invest $1,000 in These 4 Altcoins for a Shot at $1 Million Returns

September 16, 2024 3 mins read

The world of cryptocurrency continues to evolve, creating new opportunities for those willing to take calculated risks. While Bitcoin (BTC) remains the bedrock of the market, offering security and stability, altcoins often provide the explosive growth potential that can turn modest investments into massive gains. With the next bull run on the horizon, investors are searching for the altcoins with the most significant potential to deliver substantial returns. Here are

Crypto exchange Kraken removes the Lightning Network feature for customers in Germany

September 16, 2024 1 min read

Kraken, a cryptocurrency exchange, has removed the Bitcoin Lightning Network service for its users in Germany owing to technical modifications. The suspension was initially ascribed to regulatory concerns by a Kraken support representative; however, a spokeswoman for the San Francisco-based firm emphasized that Kraken Support had erroneously identified these modifications as the cause for the suspension. The Lightning Network is a “second layer” application for Bitcoin that facilitates expedited transactions

Turn $500 Into $1 Million: These 4 Altcoins Could Make You Rich in 2024

September 15, 2024 4 mins read

The cryptocurrency market is renowned for its ability to turn modest investments into extraordinary returns, especially during periods of explosive growth. While Bitcoin (BTC) remains the most recognized digital currency, offering a store of value and stability, the greatest opportunities for exponential gains often lie in altcoins. As 2024 approaches, several altcoins are capturing the attention of savvy investors for their potential to transform a $500 investment into $1 million.

Uniswap CEO Hayden Adams refutes claims of charging $20 million for protocol deployments

September 13, 2024 2 mins read

Uniswap CEO Hayden Adams has denied allegations that the decentralized platform charges bribes for protocol deployments, which emerged after a cofounder of Millicent Labs claimed that Uniswap demanded $20 million for deploying protocols. Adams refuted these claims, emphasizing that governance voting is the sole method for determining protocol deployment on Uniswap, not payments. The allegations first came to light when a user on X (formerly Twitter) named Alexander claimed Uniswap

Tether invests $100 million in agricultural firm Adecoagro, marking a strategic shift

September 9, 2024 1 min read

Tether, the USDT stablecoin issuer, has allocated $100 million to Adecoagro, an agricultural enterprise, signifying a strategic initiative to broaden its portfolio outside digital finance. The investment, executed between July 29 and August 16, 2024, entailed Tether acquiring approximately 10 million shares with the company’s working resources. Adecoagro, with a valuation of $1 billion, is a significant entity in the agricultural industry, functioning in Argentina, Brazil, and Uruguay. The company

Ripple requests a delay on its $125M fine as its legal battle with the SEC continues

September 6, 2024 1 min read

Ripple Labs has formally requested a postponement of the $125 million penalty levied by the US Securities and Exchange Commission (SEC) in the ongoing legal conflict with the business. The business anticipates that the Southern District Court of New York will take action on this motion before the payment deadline of September 6. Ripple’s request entails depositing the fine into an escrow account, where the monies will be held until

Kamala Harris now accepts crypto donations through Coinbase Commerce

September 5, 2024 2 mins read

Kamala Harris’s presidential campaign has initiated the acceptance of crypto donations through Coinbase Commerce, a platform established in 2018 that facilitates merchants in processing crypto payments. This initiative indicates a possible change in Democratic perspectives on crypto, as past positions from the Biden administration were less favorable towards the crypto business. Historically, Democrats have exhibited restrained enthusiasm towards bitcoin, particularly under President Joe Biden’s tenure, as he has exercised caution

South Korea’s FSS plans to inspect korean-won-based and other crypto exchanges for illicit activities

September 3, 2024 1 min read

In 2024, there has been a significant increase in activity within the global crypto regulatory industry, as prominent countries such as the US and UK have implemented new strategies. The Financial Supervisory Services (FSS) of South Korea has declared its intention to conduct inspections on two cryptocurrency exchange platforms, including Upbit, Bithumb, Coinone, Gopax, and Korbit, which are all domiciled in South Korea and operate using the Korean Won currency.

Telegram earns $148M from crypto in 2023, but still faces over $100M in losses

September 2, 2024 1 min read

Telegram, a messaging app, has experienced a substantial rise in its earnings from Bitcoin, namely due to its incorporation with the TON blockchain. In 2023, Telegram earned a total of $148 million from its involvement in cryptocurrencies, with $130 million coming just from its integrated wallet services. In September 2023, the company introduced a self-custodial wallet that enables users to directly manage, trade, and store their crypto within the app.

Coinbase completes the first-ever AI-to-AI cryptocurrency transaction

September 2, 2024 1 min read

Coinbase, the leading crypto exchange in the United States, accomplished the inaugural artificial intelligence (AI) to AI cryptocurrency transaction on August 30, 2024. This event emphasizes the increasing importance of AI in decentralized finance (DeFi) and its capacity to revolutionize transactions. Coinbase employed the Base Sepolia Network, renowned for its capacity to handle large amounts of data and its cost-effectiveness, to execute this innovative transaction. Through the utilization of Multi-Party

An early SHIB investor swaps $3.5 million Shiba Inu tokens for $FET

August 31, 2024 1 min read

A Shiba Inu (SHIB) investor who got in early has modified their investing approach by exchanging a substantial portion of their SHIB holdings for Fetch.ai (FET). Their objective is to take advantage of the recent increase in FET’s worth while mitigating the ongoing losses incurred from SHIB. The whale had previously accumulated substantial earnings from its initial participation in Shiba Inu, amassing $145 million in gains from trades executed between