Tether, the issuer of the USDT stablecoin and a leading player in the digital asset industry, has made a strategic investment of $18.75M in XREX Group, a fully regulated, blockchain-enabled financial institution. The investment aims to drive innovation in the digital asset industry and facilitate USDT-based cross-border payments in emerging markets. XREX will use the […] Source: https://news.bitcoin.com/tether-invests-18-75m-in-xrex-group-to-facilitate-launch-of-gold-backed-stablecoin/
Month: June 2024
New law grants US President power to block digital asset access
A new U.S. law grants the President unprecedented authority to block access to digital assets, sparking significant concerns about its broad implications and potential impact on users. Source: https://cointelegraph.com/news/new-us-law-block-digital-assets
Bitcoin bull run’s ‘most important chart’ hits new $94T all-time high
BTC price discovery is all but a given now that global liquidity is breaking into undiscovered territory, Bitcoin analysis suggests. Source: https://cointelegraph.com/news/bitcoin-bull-run-important-chart-new-94t-all-time-high
US antitrust chief to scrutinize AI sector for monopoly risks
U.S. antitrust enforcer Jonathan Kanter said regulators must urgently examine the AI sector to prevent potential monopolies. Source: https://cointelegraph.com/news/us-antitrust-chief-targets-ai-monopoly-risks
Tezos Activates 16th Upgrade ‘Paris’: Boosting Throughput and Performance
Tezos, a blockchain known for its onchain governance system, has activated its 16th protocol upgrade, Paris, on mainnet on June 4th, 2024. This upgrade introduces the Data Availability Layer (DAL), which boosts Layer 2 throughput and unlocks new use cases in gaming, ticketing, and services requiring high-speed transactions. The upgrade also reduces block times to […] Source: https://news.bitcoin.com/tezos-activates-16th-upgrade-paris-boosting-throughput-and-performance/
Nigeria defends Binance exec prosecution amid US lawmakers' criticism
The minister assured that Binance had received appropriate consular access from the U.S. and all due care, following standard diplomatic protocols and the rule of law. Source: https://cointelegraph.com/news/nigeria-defends-binance-exec-prosecution
Bitcoin ETFs notch nearly $500M inflows despite nobody searching for it
U.S. Bitcoin ETFs saw inflows of over $488 million, but Google Trends data shows Bitcoin and crypto-related searches are far down from 2021 highs. Source: https://cointelegraph.com/news/bitcoin-etfs-near-500-million-inflows-but-no-google-searches
Cardano Foundation Forges Government Partnership in Argentina to Boost Blockchain Adoption
The Cardano Foundation has announced an interesting new public partnership in Argentina. The collaboration, which follows a public signing between Rogelio Frigerio, the Governor of Entre Ríos, and Rafael Fraga, the LATAM Lead for Business Development at the Cardano Foundation, is with the state of Entre Ríos, a central province of Argentina. The partnership aims […] Source: https://news.bitcoin.com/cardano-foundation-forges-government-partnership-in-argentina-to-boost-blockchain-adoption/
Beware of fake work-from-home jobs, it’s a ploy to steal your crypto
The FBI is warning job seekers not to fall for the too-good-to-be-true “work-from-home” job scams. Source: https://cointelegraph.com/news/fbi-crypto-scams-work-from-home-remote-working
New Base Chain Meme Coin Base Dawgz Raises $200K on First Day of Presale
Base Dawgz (DAWGZ), the new meme coin channelling the extreme thrills of base jumping, has come soaring out of the gates. This adrenaline-pumping token pulled in over $200,000 in the first 24 hours of its presale going live – and early investors are speculating that DAWGZ could be the next meme coin on the Base […] Source: https://news.bitcoin.com/new-base-chain-meme-coin-base-dawgz-raises-200k-on-first-day-of-presale/