Tether, the stablecoin issuer, introduced a new product that is backed by tokenized gold. In a statement on Monday, the company behind USDT announced the launch of Alloy, its new Ethereum network-based platform that gives users the ability to create tokens backed by XAUT, the stablecoin backed by Tether’s physical gold. “Alloy by Tether is […]

The cryptocurrency market has been seeing significant volatility as the Federal Reserve prepares to release updated economic projections this week. Despite little growth, market watchers and investors expect these projections to indicate fewer interest rate cuts. JPMorgan and Citi drop estimates for July rate cut Fed Chairman Jerome Powell has signaled that actual results may […]

Cardano is making preparations for its next key update. This June is expected to see the release of Cardano Node version 9.0, a preview in anticipation of the next Cardano hard fork, named Chang. Cardano founder Charles Hoskinson, a well-known figure in the cryptocurrency world, took to his social networks to share details about the network’s upcoming […]

If this continues, Bitcoin ETFs may break their inflow record this week. Meanwhile, spot Ethereum ETFs are poised to enter the U.S. market. U.S. spot Bitcoin ETFs are posting their longest streak of inflows since inception, recording their 16th consecutive session of positive inflows on Tuesday. The 11 spot Bitcoin-based ETFs in the U.S. market […]

Bitcoin ETFs continue to gain ground and now it is Thailand’s turn. Thailand’s Securities and Exchange Commission (SEC) has authorized a first Bitcoin-based ETF, opening the door to a new regulated cryptocurrency investment vehicle. One Asset Management (ONEAM) will become the first company in the country to launch such a fund after gaining regulatory approval, […]

The Bitcoin price rose just barely this Monday, though it remained range-bound despite optimism about possible interest rate cuts by major central banks this week along with weakness in the U.S. dollar. Bukele’s re-election draws little price attention amid little reference for Bitcoin. Bitcoin showed little price action even as El Salvador’s president, Nayib Bukele, […]

It has been barely two months since Ethereum implemented its most recent network update. Currently, the heads of the world’s largest smart contracts blockchain are discussing a timeline for the next update. Ethereum’s top developers have set a goal of unveiling the next update, called Petra, by the first quarter of 2025, The Block reported […]

Bitcoin prices were little changed on Monday on concerns over higher interest rates ahead of key US inflation data this week, while ether saw an extended rally on progress made on the creation of a spot exchange-traded fund.  Other cryptocurrency prices were also subdued, as traders continued to lean towards the dollar amid waning optimism […]

The move is part of a recent crackdown that involves the confiscation of nearly 2,000 cryptocurrency mining devices in the fight against corruption. The Venezuelan government has joined the list of countries that disapprove of cryptocurrency mining due to its high electricity costs. According to a local news outlet, Venezuela’s Ministry of People’s Power for Electrical Energy has reported […]

El Salvador currently holds 5,750 BTC, valued at approximately USD 354 million, accumulated over nearly three years. Since 2021, El Salvador has mined a total of 474 Bitcoin, valued at USD 29 million, using environmentally friendly volcanic geothermal energy. Bitcoin was mined using energy from the Tecapa volcano, employing about 300 mining processors. According to Reuters, […]