Crypto news

Tether (USDT), the world’s largest stablecoin, achieved a groundbreaking milestone by surpassing its previous all-time high market cap of $83.2 billion, a record set back in May 2022. This remarkable feat further cements Tether’s unrivaled dominance in the rapidly expanding stablecoin market, which currently totals an astonishing $130 billion, with USDT’s market cap surpassing the combined value of its closest competitors. USDT Breaks 2022 Market Cap ATH According to a blog...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up The Texas House of Representatives has passed a bill saying that all crypto exchanges and related platforms must provide proof of reserves. This means that all trading companies must give regular proof that they have enough assets and currency in play to keep themselves afloat and to ensure all customers get...

[PRESS RELEASE – Phoenix, AZ, June 1st, 2023] Devour, a pioneering restaurant engagement technology company, is thrilled to announce its strategic partnership with AlterVerse, an innovative force in the gaming industry. The collaboration aims to revolutionize the restaurant and gaming experience by expanding DevourGO, Devour’s web3-enabled guest engagement platform, to the upcoming release of AlterVerse’s Sky City gaming Metaverse. DevourGO has emerged as a prominent player...

Bitcoin’s network fundamentals have continued to explode this year. The price side of things, however, has been disappointing recently. With its stagnating since mid-March, concerns about possible downside targets stretching toward $20,000 have emerged. Despite some encouraging signs in recent months, Bitcoin’s latest retreat dragged its price below $27,000. Bitcoin’s Key Support Areas As the world’s largest cryptocurrency remained trapped in a narrow range below $30k,...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Unchained Capital – a crypto firm based in Austin, Texas – has garnered more than $60 million through a new funding round. Unchained Capital Garners $60 Million The news is positive for many reasons, a big one being that the crypto space appears to be returning to form, and confidence is once again making its...

Macy’s noted that Nike will return to its stores, starting from October this year. Macy’s Inc (NYSE: M), an American conglomerate holding company that engages in consumer goods, released its first-quarter earnings results on June 01. According to the announcement, Macy’s reported net sales of $4.98 billion during the first three months of the year (Q1 2023), which represented a decline of approximately 7 percent YoY basis. However, analysts surveyed by REFINITIV expected the company to...

Inflation in the Euro zone has fallen to 6.1% as individual countries are also recording reductions. However, Lagarde plans more rate hikes. Euro zone inflation has dropped in May, with a steeper plunge than analysts and observers expected. Flash figures show that headline inflation, which was 7% in April, fell to 6.1% in May. This is the lowest recorded figure since February 2022. According to a Reuters poll, economics had set the May figure at 6.3%. Core inflation, minus food and...

Apple is focused on overhauling the Mac line with the new computer as well as attracting more customers, especially now that there is a static stretch in the computer industry. There are suspicions that American multinational technology giant Apple Inc (NASDAQ: AAPL) will be launching two highly anticipated Mac models in the upcoming Worldwide Developers Conference  (WWDC) which will be held next week. These rumors are stemming from the fact that the technology company has begun the...

FDUSD will not be used in Hong Kong until its stablecoin regulations are fully in place. First Digital Group announced the introduction of its USD stablecoin FDUSD. The company, which has its headquarters in Hong Kong, is launching the stablecoin on the Ethereum and BNB blockchains. Having a coin on multiple blockchains can facilitate better interoperability and broader adoption. It also heightens the chances of gaining access to a wider community and benefiting from each blockchain’s...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Web3 and fintech company Moon Blocks has joined hands with payment processor Bit Pay to allow for cryptocurrency-based payments on its platform. Moon Blocks and Bit Pay Are Partners The move is pushing the goals of bitcoin and its digital counterparts closer to being achieved. What many people likely forget is...