Author: NBTC
Tether, the company behind stablecoin USDT, has released its Q2 2024 attestation report, confirming reserves of $118.4 billion. As per the report, the reserves surpass the company’s liabilities by $5.3 billion. Tether’s disclosure of its reserves comes after the firm’s recent announcement that it purchased a 9.8% stake in Latin American agricultural giant Adecoagro for $100 million. Tether’s US Treasury holdings amount to $97.6 billion The attestation report highlights Tether’s major holdings in U.S. Treasuries. As per the report, the holdings amount to over $97.6 billion. This makes Tether the 18th largest holder of U.S. Treasuries globally. Tether has now…
A great news for the Web3 ecosystem as Galxe is now partnering with Zircuit, an AI-based zk-rollup developed on innovative L2 infrastructure. This partnership may take blockchain to new heights of efficiency, scalability, and liquidity and remove the barriers to decentralized technology. With Galxe’s influencer in Web3, the partnership with Zircle’s ready L2 solutions will aim to establish new standards for the sector. We’re thrilled to announce our latest chain integration with @ZircuitL2 🐈Zircuit is an AI-powered zk-rollup built on cutting-edge L2 technology. With a staggering $1.8B in TVL and a new liquidity hub program, we’re excited to welcome Zircuit…
Bitcoin price approaches a crucial support level at $56,000; a close below could see its downtrend persist. Lookonchain and Arkham intelligence data show that institutions are selling their BTC holdings. On-chain data shows a bearish picture, such as falling daily active addresses and decreasing Coinbase premium index. Bitcoin (BTC) recovered on Wednesday after retesting its daily support level of around $56,000, but the 2.15% decline on Thursday suggests this rebound may be fleeting. The downtrend may persist if BTC drops below the $56,000 support, evidenced by Lookonchain and Arkham intelligence data indicating institutional selling, alongside bearish on-chain signals such as…
In a notable shift, British finance minister Rachel Reeves announced on Wednesday, October 30, a hike in the capital gains tax rates for most assets, including stocks and cryptocurrencies. Under the new plan, the tax rate will increase from 10% to 18% at the lower rate, and from 20% to 24% for higher earners. Reeves stated that these adjustments are projected to generate £2.5 billion, aligning capital gains tax with the rates already applied to property transactions, which will remain steady at 18% and 24%. Outlining the motivations behind the tax changes, Reeves said: “We need to drive growth, promote…
Worldcoin’s World ID officially launched its Poland operation. It will now allow individuals to orb-verify their World ID at specified locations in Poland’s capital, Warsaw. Worldcoin announced the continuation of its European expansion with the launch of its World ID verification in Poland on September 18th. The for-profit cryptocurrency project released a press statement detailing important information on its operations and expounding on its expansion in other locations around the world. Poland adopts World ID verification World ID verification is now available in Poland 🇵🇱 pic.twitter.com/3TbJd4BI57 — Worldcoin (@worldcoin) September 18, 2024 Worldcoin announced that individuals in Poland could access…
Bitrefill, società leader del mondo crypto e-commerce, ha appena annunciato l’integrazione della stablecoin USDC sul network Solana. By doing so, the platform expands its offering of supported tokens, providing more freedom of choice to the end customer. This move by Bitrefill comes just a few days after the presentation of its own crypto debit card. Bitrefill adds stablecoins: support for USDC on Solana network Bitrefill announces crypto card: speed and cost-effectiveness of transactions with Solana and USDC Gift Card and vouchers to tackle the problem of high taxation in Italy Bitrefill adds stablecoins: support for USDC on Solana network Bitrefill,…
The price of Bitcoin has just touched a monthly low of $56,567.10. In the last 24 hours alone, the price has marked a drop of over 6.2%. If things progress this way, the price is likely to go further downwards. Recently, there were reports that short-term Bitcoin investors were aggressively leaving the market. Have Bitcoin investors lost hope in the market completely? Actually, not many experts think so. A Realised Cap-HODL waves chart of Bitcoin, shared in X by Binhdangg, explains the other side of the story very well. Let’s dive in! Bitcoin Long-Term Holders’ Market Behavior: What the Chart…
Since launch, MicroStrategy-tracking ETF MSTU has surged 235% and rival MSTX has gained 176%. MSTX raised the leverage on its ETF from 1.75x to 2x to match MSTU’s. MicroStrategy reports third-quarter earnings after the close of U.S. markets. Two MicroStrategy (MSTR) exchange-traded funds (ETFs) have started up this year. The Defiance Daily Target 1.75X Long MSTR ETF (MSTX), introduced Aug. 15, initially promised investors 1.75 times the daily percentage change in the software maker’s share price. The fund saw 176% returns in 2.5 months, prompting the issuer to raise its leverage — and change its name —to 2x. The increase…
SunSwap has reduced transaction fees by 99%, with some transactions costing as little as $0.10. The fee reduction has been confirmed by over 200 blocks and key TRON Super Representatives. Lower fees could make SunSwap more accessible for frequent trading and smaller transactions. The latest update in the TRON ecosystem has also caused a drop in the transaction fees for users of SunSwap V2 and V3. SunSwap DEX, which is built on the TRON network, has lowered its fees to 0.30% of the transaction volume. This means that users can now carry out transactions at less than 2 TRX that…
PARAVOX, the 3v3 arena shooter, announced that they are bringing their game to the Solana blockchain. Choosing @Solana as our home was an easy decision. It’s the fastest network, perfectly matching our lightning-fast gameplay. To celebrate with the Solana community, we’ve released our elite Solana-themed skin for a limited time. Download PARAVOX now and claim yours today!… pic.twitter.com/94n8vBoJdc — PARAVOX (@PARAVOX_game) October 30, 2024 The announcement signals a major step for 81RAVENS, the studio behind PARAVOX, as they leverage Solana’s high-speed infrastructure to support their ambitious vision for a seamless gaming experience. According to the developers, “Choosing Solana as our…