The world’s largest stablecoin issuer, Tether, has released its attestation report for the first half of the year, revealing a record $5.2 billion profit. According to an official release from the firm, Tether recorded a net operating profit of $1.3 billion in the second quarter of 2024, and its ownership of United States Treasury bills hit a new all-time high of $97.6 billion. Tether Releases Attestation Report Tether revealed that the review was conducted by BDO, a global...
Read More »StarChain Launches $10 Million Presale to Fund Blockchain Ecosystem for Scientific Data Storage and Validation
[PRESS RELEASE – Zug, Switzerland, August 1st, 2024] StarChain, a pioneering crypto platform dedicated to democratizing scientific data, is launching a $10 million presale to fund the open-beta rollout of its innovative blockchain ecosystem. This initiative aims to revolutionize data accessibility, validation, and collaboration in scientific research. “Our mission is to break down barriers in scientific research by making high-quality data accessible to all,” said Dr. Meijer,...
Read More »Bitwise CIO Hougan Says the Bitcoin Market ‘Is Not Bullish Enough’
Following the Bitcoin2024 conference, Bitwise CIO Matt Hougan has issued a bold call to crypto investors, urging them to rethink BTC’s potential upside. According to Hougan, the market is “not bullish enough” about the flagship cryptocurrency, and recent developments at the conference have highlighted a shift that could impact Bitcoin’s future value. Political Figures Support Bitcoin at Bitcoin2024 Conference As the cryptocurrency market deals with volatility and regulatory...
Read More »Notcoin Set to Launch New Game with Lost Dogs and Getgems
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Read More »Binance Labs Invests in Particle Network to Enhance Web3 Experience
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Read More »Cathie Wood’s Ark Invest Offloads $2.7M of Coinbase (COIN) Stock
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Read More »The Philippines Chooses Venom for Groundbreaking National Blockchain Initiative
[PRESS RELEASE – Manilla, Philippines, August 1st, 2024] Venom Foundation is proud to announce a historic agreement with the government of the Republic of the Philippines to digitize billions of accountable forms using its advanced blockchain technology. Key Highlights Landmark Opportunity and Global Significance This initiative represents a pivotal milestone for Venom and the broader crypto industry. In what could end up as the world’s largest blockchain use case, this...
Read More »Mt. Gox Has Returned Over 40% of the Bitcoin It Owes. Selling Activity Is Yet to Rise
Mt. Gox has refunded about 41.5% of the bitcoin it owed to creditors who lost their funds. However, selling activity in the market remains minimal. That has taken the entire community by surprise. With the repayments occurring over a year after the defunct exchange shut its doors for good, creditors were expected to sell their assets once they received them. BTC has since seen an 8,500% increase in its price. A Glassnode report showed how creditors are holding the funds reimbursed by Mt....
Read More »Chinese Brokerage Firm Futu Launches Bitcoin and Ethereum Trading in Hong Kong
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Read More »ETH ETFs Overcome Four-Day Outflow Streak as BTC ETFs Record Outflows
US ETH ETFs finally broke their streak of four-day losses, recording inflows on Tuesday. They brought in collective net inflows of $33.67 million, marking only the second day of net inflows since launch. The first time was the day they debuted. BlackRock’s ETHA drew $117.98 million, Fidelity’s FETH $16.36 million, Franklin Templeton’s EZET $3.73 million, and Bitwise’s ETHW $3.52 million. Grayscale’s Mini Ethereum Trust (ETH) saw $12.36 million flowing in, while its Ethereum Trust (ETHE)...
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