Tether (USDT)

What Are Stablecoins?

A “stablecoin” is a type of cryptocurrency whose value is tied to an outside asset, such as the U.S. dollar or gold, to stabilize the price. Cryptocurrencies such as Bitcoin and Ethereum offer a number of benefits, and one of the most fundamental is not requiring trust in an intermediary institution to send payments, which […]

BSN architect firm eyes CBDC with two new projects

The company behind China’s Blockchain Services Network revealed two projects to build infrastructure for central bank digital currencies (CBDCs) and stablecoins, promising a BSN payments layer, and a public chain in which “gas fees” can be paid without buying cryptocurrency. He Yifan, CEO of Red Date Tech, spoke at a TechNode-sponsored webinar recorded Dec. 21.  […]

Airtel, Google to Enhance Internet Experience

Airtel Nigeria has announced a partnership with Google to unveil Mobile Data Platform (MDP), a new feature that enhances and digitalises the journey of customers’ data purchase, utilisation and management in Nigeria. According to both organisations, the newly introduced MDP, which is only available to Android Operating System (OS) users, offers a personalised experience and […]

Crypto.Com Has Launched a DeFi Exchange Based on Uniswap

Crypto.com has launched a DeFi swap based on Etherum. Users can trade cryptocurrencies or stake their holdings. The service is separate from Crypto.com’s custodial, centralized exchange, and offers users more control over their funds. Eight Coins Supported The app currently supports eight coins: Ethereum (ETH), Compound (COMP), Crypto.com Token (CRO), Dai (DAI), Chainlink (LINK), USDC, […]

Huobi Global Announces Measures to Strengthen Its Presence in Russia

The exchange is taking advantage of the growing Russian crypto market. As part of its Russian expansion plans, Seychelles-based exchange Huobi Global appointed Vladimir Demin as the company’s chief advisor. His main role will be to help develop the company’s market in the region. According to the announcement, he had previously served as partner and […]

Bitcoin Macro Trend Unaffected by Chinese Investors’ $50B Tether Exodus

Bitcoin’s macro bullish trend remains intact even after data show Chinese investors moved $50 billion in crypto to overseas addresses in the past 12 months. New data from Chainalysis shows Chinese investors reportedly used Tether (USDT) to move nearly $50 billion overseas. This has led some crypto investors to question whether or not Bitcoin price […]

Stablecoin transaction volume reaches new all-time high

The stablecoin adjusted transaction volume hit a new all-time high of $54.9 billion in June—a 13% increase from the $48.2 billion transacted in May. This is the second consecutive month that the stablecoin adjusted transaction volume hit a new all-time high, which indicates that market participants have an increased demand for stablecoins. Most popular stablecoins […]

Ethereum Logged Its Busiest Week on Record

It’s costing more to use Ethereum and that may be because more users are flocking to the platform than ever before, according to one key on-chain metric. Analysts say the growth of both transactions and the cost to process them is being driven by an increase in stablecoin usage and DeFi applications.  The seven-day moving […]

Are ETH’s Scalability Issues Finally Over? Buterin Says Ethereum’s Layer 2 Scaling Strategy Has ‘Basically Succeeded’

The ethereum network has been plagued with bottleneck scalability issues for the longest time due to increased usage. As a result, the network has faced severe congestions with the average transaction fees increasing significantly. The good news is that the ethereum network could soon put these scaling issues behind. According to ethereum co-founder Vitalik Buterin, […]

TRON Now Ranks Second After Ethereum (ETH) in the Issuance of USDT

The Tron network now hosts the second largest amount of Tether (USDT) after the Ethereum network. Tether (USDT) has been issued on 6 blockchains. Tron (TRX) now hosts the second-highest amount of USDT after the Ethereum network. The parent company of Tether now has $8.59 Billion in total assets. The Bitcoin (BTC) halving is now […]

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