Tech-focused investment companies SoftBank and Ark Invest are among the firms in early stage talks to invest in Tether, issuer of the world’s largest stablecoin USDT (USDT), Bloomberg reported on Friday. The report follows this week’s news about Tether looking to raise up to $20 billion in a fundraising round that would value the firm
According to Bloomberg, SoftBank and ARK are in talks to participate in Tether’s major funding round. Tether, the world’s largest stablecoin issuer, aims to raise up to $20 billion at a $500 billion valuation. If successful, the deal could make Tether one of the world’s most valuable private companies, in the same league as companies
The potential for a government shutdown in the US puts critical economic data at risk. According to the US Department of Labor’s previously released operational contingency plan, the September jobs report, scheduled for release next week, would be postponed if the federal government shuts down. The extent of the government shutdown remains unclear. Many agencies,
South Korean YoungHoon Kim, who describes himself as the person with the highest IQ in the world with 276, made an intriguing prediction in the cryptocurrency world. Kim predicted that Bitcoin would increase in value at least 100 times over the next 10 years and become a universal reserve asset. He also claimed that his
China central bank recently took the bold step of pumping ¥1.627 trillion into the financial system this week. This is a serious move meant to shore up liquidity and keep things steady in the markets. The People’s Bank of China is also rolling out monetary tools to maintain stability and keep business running smoothly. This
Stocks were higher in early trading on Friday as the market reacted to the latest U.S. inflation data. Summary Dow jumped over 350 points as investors reacted to key inflation data. Core personal consumption expenditures price index data came in at 0.29% annually in August. Wall Street was higher after three days of losses. The
The digital asset world often sees its leaders engage in high-level discussions and strategic moves. However, sometimes, it’s the personal touches that truly resonate. Recently, Changpeng Zhao, widely known as CZ, the visionary founder and former CEO of Binance, offered a delightful glimpse into his personal preferences during a visit to South Korea. His candid
The Bank of Korea (BOK) reports that South Korean investors’ total crypto holdings have fallen by 27% in just six months. Trading volume and deposits also shrank during the same period, confirming a significant slowdown in the domestic market. South Korea is classified as a market with a very high capacity for spot cryptocurrency purchases
Eric Trump, businessman and son of US President Donald Trump, argued that stablecoins could protect the strength of the US dollar. Eric Trump: “Stablecoins Will Save the US Dollar” In an interview with the New York Post, Eric Trump said he believes stablecoins will “save the US dollar.” Trump specifically highlighted the stablecoin USD1, developed
In a significant stride towards future-proofing digital finance, Danal and BTQ Technologies have launched a proof-of-concept (PoC) for a quantum-secure stablecoin settlement network. This groundbreaking initiative, as reported by Digital Today, signals a proactive approach to safeguarding our digital assets against emerging threats. For anyone invested in the stability and security of cryptocurrencies, this development