Crypto News

Tether (USDT) to invest $1B in AI and Biotech sectors

June 12, 2024 1 min read

Over the course of the next year, Tether Holdings Inc., the stablecoin powerhouse that is responsible for USDT, has said that it intends to invest more than $1 billion in the fields of artificial intelligence and biotechnology. Paolo Ardoino, the CEO of the company, is in charge of the investment arm of the company, which intends to make investments in a variety of industries, including data, finance, and neural implants.

Solana expelled validators for manipulating transactions to cheat retail traders

June 12, 2024 1 min read

Solana has expelled many validators from its delegation program as a result of their participation in sandwich attacks targeting retail users. These assaults are categorized as Maximal Extractable Value (MEV) attacks, in which malicious individuals modify transaction sequences to obtain more favorable prices for themselves, hence causing harm to retail traders. The Solana Foundation has implemented decisive measures against validators who made alterations to their systems in order to facilitate

A top Canadian fintech firm adopts Bitcoin as its main treasury reserve asset, buying 110 BTC

June 11, 2024 1 min read

DeFi Technologies Inc., a prominent Canadian fintech company, has chosen Bitcoin (BTC) as its main treasury reserve asset. The company has acquired 110 BTC and has incorporated traditional finance with decentralized finance (DeFi). This strategic decision is in accordance with the current trend of corporations expanding their portfolios in response to economic fluctuations. Bitcoin’s market capitalization exceeds $1 trillion, establishing it as a reliable safeguard against inflation and a secure

Tucker Carlson partners with Swan Bitcoin for a national tour

June 11, 2024 1 min read

Tucker Carlson has selected Swan Bitcoin as the primary sponsor for his nationwide tour, combining political discussions with Bitcoin education to effectively reach a wide audience. Swan Bitcoin views this sponsorship as a strategic maneuver to further its educational initiatives, with a specific focus on Bitcoin. The company has declared its intention to include hundreds of thousands of individuals in more than 15 places and millions online, referring to it

Spot Bitcoin ETFs in the US sees a significant surge in June

June 11, 2024 2 mins read

In May, there was a notable increase in the purchase activity of US spot Bitcoin Exchange Traded Funds (ETFs). The US Securities and Exchange Commission (SEC) approved eleven ETFs, which collectively acquired 25,729 Bitcoin valued at $1.83 billion. The amount of BTC purchased by these ETFs in the current month was eightfold more compared to the previous month, which saw a purchase of only 29,592 BTC. During the previous week,

Cardano aims for $0.50 next, Dogwifhat targets $4 Rebel Satoshi Arcade is tipped to surge 100x by analysts

June 10, 2024 1 min read

Rebel Satoshi Arcade (RECQ) is a widely recognized coin that conforms to prominent crypto trends, providing an exceptional gaming encounter and incentives. The platform serves gamers and NFT collectors by providing play-to-earn (P2E), free-to-play (F2P), and pay-to-play (P2P) war games. RECQ, now at stage 2 of its presale, is generating optimism among analysts due to its low token price of $0.0044. Experts forecast a significant increase in value, up to

Verified USD (USDV) hits over $20 million market cap

June 10, 2024 1 min read

USDV, a recently minted stablecoin on the Ethereum platform in November 2023, with a market capitalization slightly exceeding $20 million. USDV is deployed on eight EVM-enabled chains and is specifically built to adhere to the decentralized principles of web3. Additionally, it is entirely backed by reserves. The Verified USD Foundation, established by LayerZero and Matrixport, seeks to further decentralization and foster community engagement. USDV employs a method known as ColorTrace

CoinGecko faces a major data breach, impacting 1.9 million contacts

June 10, 2024 1 min read

CoinGecko, a crypto data aggregator, has disclosed a data breach related to a third-party service provider. The hackers infiltrated an employee’s GetResponse account, which is an email marketing platform, and illicitly acquired 1,916,596 contacts. They used an alternative GetResponse account to dispatch phishing emails to a total of 23,723 individuals in their contact list. CoinGecko and GetResponse promptly identified and halted the phishing operation, nevertheless, the hackers managed to get

Arbitrum DAO invests $222 million to boost its gaming ecosystem

June 10, 2024 1 min read

The Arbitrum Decentralized Autonomous Organization (DAO) has authorized a $222 million investment campaign to enhance its gaming environment, with the goal of increasing user participation on the Arbitrum, Orbit, and Stylus gaming platforms. The program aims to allocate a total of 225 million ARB tokens, which have an estimated worth of $222 million, over a span of three years via the newly established Gaming Catalyst Program (GCP). A specialized team

Researcher Daniel Batten reveals Bitcoin mining was never officially banned in China

June 9, 2024 1 min read

Bitcoin environmental expert Daniel Batten has disclosed that the act of Bitcoin mining in China was never formally prohibited, despite the prevalence of rumors suggesting otherwise. According to Batten’s study, the “ban” was a temporary cessation, and mining operations have mostly recommenced. China presently accounts for around 15% of the worldwide total hashrate, which is a measure of the processing power used in Bitcoin mining. This statement contradicts the claims

Bitcoin ETFs attract almost $500M in net inflows, propelling BTC price to $71,767 and nearing its all-time high

June 7, 2024 1 min read

Investor trust in US spot Bitcoin ETFs has significantly increased, as seen by 17 consecutive days of positive net flows. Fidelity’s FBTC was the top performer, generating $221 million, while Blackrock’s iShares Bitcoin Trust (IBIT) came in second with $155 million. Ark Invest and 21Shares’ ARKB ETFs received $71 million in investments, Bitwise’s BITB ETF got $19 million, and Grayscale Bitcoin Trust (GBTC) had $15 million in net inflows. The

VanEck predicts Ethereum will hit $22,000 by 2030

June 7, 2024 1 min read

VanEck, an asset management company, has forecasted that the price of Ethereum (ETH) would surge to $22,000 per token by the year 2030. This significant increase is anticipated to be fueled by the anticipated authorization of spot Ethereum exchange-traded funds (ETFs). This development underscores the increasing embrace of cryptocurrencies across conventional financial markets. VanEck’s updated financial model emphasizes Ethereum’s substantial value proposition, showcasing its benefits across several industries including finance,