Stable, developer of a new blockchain built around Tether’s USDT, said it raised $28 million in a seed round led by Bitfinex and Hack VC. Other backers include Franklin Templeton, Castle Island Ventures and KuCoin Ventures, alongside angel investors like Tether CEO Paolo Ardoino and Braintree founder Bryan Johnson. The Stable blockchain, described as a
By Omkar Godbole (All times ET unless indicated otherwise) The crypto market quickly recovered from the late Wednesday swoon triggered by Fed Chair Jerome Powell’s hawkish comments. Bitcoin BTC$118,455.81 bounced to $118,500 from $116,000, with ether (ETH), XRP XRP$3.1272 and other major altcoins following suit. The CoinDesk 80 Index traded over 2.5% higher on the
Leading cryptocurrency Bitcoin (BTC) is trading in a narrow range after its ATH of $123,000 in mid-July. Although economic data from the US has been positive in recent months, the Fed failed to make the expected interest rate cut in June and July, and hopes for a September rate cut have also diminished. Many crypto
As the Bitcoin price approaches all-time highs, old wallets that have been dormant for a long time are starting to come alive again. Awakened After 15 Years: $30 Million Transfer from Old Bitcoin Wallets Today, five old mining wallets that had been inactive for about 15.3 years moved a total of 250 BTC (about $29.6
The price of Bitcoin (BTC) began a sideways decline below the $120,000 mark after its recent high. Bitcoin price long-term prediction: bullish On July 14, as reported by Coinidol.com, Bitcoin plummeted sharply after reaching the resistance level of $123,120. A long candle wick indicated the presence of sellers in the price movement. The largest crypto
Coinbase has taken aim at the United Kingdom’s financial system in a darkly satirical video, which comes as data reveals a steep rise in financial hardship across the country. Titled “Everything is fine,” the video uses a musical tone and lyrics to brag about the UK’s strong finance while showing grim scenes of inflation, poverty,
According to figures compiled by Cornell University, El Salvador boasts one of the highest bitcoin ownership rates in the world, reaching over 70% at one point. Nonetheless, while these numbers may be accurate, the circumstances behind them need to be understood. Bitcoin Ownership in El Salvador Gone Viral: The Truth Behind the Numbers El Salvador
The government of the Philippines announced that it will notarize its documents on the Polygon blockchain — on the same day that the network suffered a temporary outage. Maria Francesca Montes- Del Rosario, undersecretary at the Philippine Department of Budget and Management, announced in a Wednesday Facebook post that the government’s blockchain transparency is now
AllUnity, a joint venture between DWS, Galaxy and Flow Traders, has launched EURAU, a euro-denominated stablecoin approved under Germany’s new crypto regulations. EURAU is claimed to be the first euro-backed stablecoin to be issued under the EU’s Markets in Crypto-Assets Regulation (MiCAR) and licensed as electronic money by Germany’s BaFin. The token, issued on Ethereum
Imagine your favorite fashion brand making significant moves in the digital asset space. This isn’t a futuristic fantasy; it’s today’s reality. Japanese fashion powerhouse ANAP Holdings has once again turned heads in the financial world with its latest Bitcoin investment, signaling growing confidence among traditional businesses in the decentralized future. ANAP Holdings’ Strategic Bitcoin Investment: