Tether Limited has released an assurance report reviewed by Moore Cayman, an auditor of investment funds and digital assets. The report provides a breakdown of the company’s assets and reserves which Moore Cayman claims are around $62.7 billion as of June 30. Tether Publishes Assurance Report On August 9, 2021, Tether’s chief technology officer tweeted …
Author archives: Adam Owen
Save the Children Senior Advisor: We Chose ADA Because Its Backed by the Cardano Foundation
In July 2021, the non-governmental organization (NGO) Save the Children in Rwanda announced it partnered with the Cardano Foundation on a project that allows well-wishers to make donations in the form of cryptocurrencies. Save the Children Meets ADA At the time, it was revealed that Save the Children’s acceptance of ADA donations was not the …
Refinable Launches Gaming Initiative to Support NFT and Play-to-Earn Movement
sponsored Refinable, a leading NFT marketplace, today announced the Refinable Gaming Initiative, an industry-specific program aimed at deepening its collaboration with the gaming developer community, supporting NFT communities with a community push to Play-To-Earn (P2E) initiatives within NFT gaming. Refinable’s decision reflects the incredible momentum in its marketplace as it relates to gaming NFTs. The …
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Three Low-Cap Altcoins Presenting ‘Gigantic Opportunities,’ Says Crypto Strategist Michaël van de Poppe
Popular crypto analyst and trader Michaël van de Poppe says he’s watching three low-cap altcoins that are presenting “gigantic opportunities.” In a new strategy session, Van de Poppe says he sees a huge rally on the horizon for decentralized machine learning network Fetch.ai against Bitcoin (FET/BTC). ADVERTISEMENT “What are the chances for Fetch to …
Indian crypto exchange becomes unicorn after $90M funding round
Mumbai-based crypto exchange CoinDCX has raised $90 million in a Series C funding, becoming the first crypto business in India to reach unicorn status. According to the announcement, the funding round was led by B Capital Group and saw participation from returning investors including Block.one, Coinbase Ventures, Polychain and Jump Capital. Following the investment round, …
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Operating a crypto exchange in Japan is ‘rather tough,’ FSA chief admits
The new commissioner of Japan’s Financial Services Agency (FSA), Junichi Nakajima, believes the country needs to think carefully before making Bitcoin (BTC) and other cryptocurrencies more accessible to the general public. Nakajima believes crypto assets like Bitcoin have the potential to benefit the public as a quick and cheap way to transfer money, he said in …
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Bitcoin investment products still suffering outflows despite price recovery
Institutional crypto products have seen their fifth consecutive week of outflows despite the bullish momentum in the markets. In its August 9 Digital Asset Fund Flows Weekly report, institutional asset manager CoinShares estimated that outflows totaled $26 million for the week. However, the report notes that outflows have shrunk compared to during May and June, …
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Kevin O’Leary of ‘Shark Tank’ espouses deflationary future for Ethereum
Canadian entrepreneur, investor, and reality television personality, Kevin O’Leary — also known as “Mr. Wonderful” — appears to now be singing Ethereum’s praises as a deflationary asset. Clearly reading from a script, O’Leary took to Cameo — a website that allows users to purchase personalized video messages from celebrities — to espouse the benefits of …
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Crypto Trading: Clocking Bitcoin (BTC) Volatility by Time Periods To Gauge Market
HodlX Guest Post Submit Your Post Bitcoin (BTC) is the most popular and volatile cryptocurrency. The pioneer of digital tokens has capitalized on its popularity to dominate the market. Essentially, there seems to be a 24/7 demand for Bitcoin, and according to sites that focus on providing Bitcoin predictions, the asset will not weaken anytime …
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Investors are shelling out six figures for pet rock NFTs
The latest craze to resurface in the effervescent nonfungible token (NFT) scene is a collection of digital pet rocks from 2017 dubbed EtherRocks. On August 8, a single EtherRock sold for a whopping 45 ETH — worth roughly $135,240 at the time. EtherRock #21 purchased for Ξ45 Ether ($135,240.03) 30 mins ago (Aug-08-2021 05:17:15 PM …
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66% of all Dogecoin (DOGE) holders are ‘in profit,’ data shows
The majority of current Dogecoin (DOGE) holders are reaping profits as the most famous meme token rallied 24,7% during the past seven days, while the price of Ethereum (ETH) grew 18,9% and the price of Bitcoin (BTC) rose 15,5%. Dogecoin’s rally also outpaced Cardano (ADA), which moved up 11,4 %, while Ripple (XRP) followed with …
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Bitcoin Cash Argentina Crowdfunds Circular Economy and Adoption Campaign
Bitcoin Cash Argentina, a nonprofit foundation destined to increase the knowledge and adoption of the cryptocurrency in the country, has achieved its second milestone by crowdfunding a new circular economy campaign using Flipstarter. This new campaign goes even further with the goal of onboarding 250 merchants in the near future. Bitcoin Cash Argentina Funds Second …
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Venezuelan Authorities Shut Down Power Supply to Bitcoin Miners in Key State
Regional authorities in one of the key states of the country, Carabobo, suspended the power supply of all registered miners, effectively shutting down their operations in the industrial state. While there have been no official explanations for this measure, some people with knowledge on the matter state the action was taken due to the enormous …
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US Consumers Expect Inflation to Continue Rising Sharply According to the Fed’s Latest Survey
The Federal Reserve Bank of New York published the Survey of Consumer Expectations report on Monday, which shows U.S. consumers are expecting short-term inflation levels to be higher than usual. Meanwhile, the report also shows American consumers’ expectations of long-term inflation have reached the highest level since 2013. New York Fed’s Survey of Consumer Expectations …
Cinema operator AMC plans to accept BTC by 2022
American cinema operator AMC Entertainment is aiming to accept Bitcoin payments for movie tickets by 2022. Speaking during a Aug. 9 conference call regarding the firm’s Q2 results announced earlier the same day, AMC chairman and CEO Adam Aron revealed that the cinema chain intends to have the infrastructure ready to accept BTC payments for …
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