Tether’s USDT Stablecoin Surpasses $1 Billion on The Open Network (TON)

Tether’s USDT Stablecoin Surpasses $1 Billion on The Open Network (TON)

Tether’s USDT stablecoin has achieved a significant milestone, surpassing $1 billion in circulating supply on The Open Network (TON), according to data from crypto research firm Token Terminal. This highlights USDT’s continued dominance in the market of US Dollar-backed stablecoins and reflects TON’s increasing popularity. USDT is frequently utilized on Telegram Mini Apps, which run…

Circle Expands Stablecoin Services to Brazil and Mexico, Strengthening Footprint in Latin America

Circle Expands Stablecoin Services to Brazil and Mexico, Strengthening Footprint in Latin America

In a major step to boost its influence in Latin America, Circle, a leading stablecoin operator, has extended its USDC stablecoin services to Brazil and Mexico. This expansion allows users in both countries to settle payments directly in USDC, facilitating seamless conversions between USDC and local currencies—Brazilian reais and Mexican pesos—thus streamlining cross-border transactions. By…

Why Apple Stock is a Compelling Buy: 3 Key Reasons
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Why Apple Stock is a Compelling Buy: 3 Key Reasons

Despite challenges in the past year, Apple (NASDAQ: AAPL) is showing signs of a turnaround, making its stock an attractive investment opportunity. With a modest 15% gain year-to-date, Apple’s shares have underperformed some of its rivals, but recent developments suggest a promising future. Here are three reasons why Apple stock is a compelling buy. Reason…

U.S. Stock Futures Hold Steady as S&P 500 Reaches New Milestone
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U.S. Stock Futures Hold Steady as S&P 500 Reaches New Milestone

On Wednesday morning, U.S. stock futures saw little movement, hovering just above the flatline after the S&P 500 closed at a historic high above 5,500. Futures for the S&P 500 edged up by 0.03%, while Dow Jones Industrial Average futures and Nasdaq 100 futures recorded modest gains of 0.1% and 0.01%, respectively. Paramount Global Shares…

The Bitcoin Rollercoaster: A Deep Dive into the Recent Price Decline and Bullish Predictions

The Bitcoin Rollercoaster: A Deep Dive into the Recent Price Decline and Bullish Predictions

The winds of change swept through the cryptocurrency markets in Asian trading hours, with Bitcoin (BTC) leading a charge downward, erasing the gains made earlier in the week. This article delves into the reasons behind this price dip, explores the potential impact of a looming distribution from a defunct exchange, and examines contrasting long-term outlooks…

The Crypto Boom: A Digital Renaissance Surpassing the Internet’s Rise?

The Crypto Boom: A Digital Renaissance Surpassing the Internet’s Rise?

The digital asset industry is on the cusp of extraordinary growth, as highlighted by a recent report from investment bank Architect Partners. This surge signals a dramatic shift from the industry’s state just two years ago, underscoring the strides cryptocurrency has made in establishing itself as a formidable force in the financial world. The report…

Hawaii Exempts Crypto Firms from Money Transmitter License Requirement

Hawaii Exempts Crypto Firms from Money Transmitter License Requirement

In a notable advancement for the cryptocurrency sector, Hawaii has officially exempted crypto firms from needing a Money Transmitter License (MTL) to operate within the state. This decision follows the conclusion of the Digital Currency Innovation Lab (DCIL) project, a collaborative research initiative launched in 2020 to explore Hawaii’s digital currency landscape and evaluate the…

Sony to Revive Crypto Exchange Whalefin Following Acquisition from Amber Group

Sony to Revive Crypto Exchange Whalefin Following Acquisition from Amber Group

Sony is set to relaunch the crypto exchange Whalefin, which it acquired from crypto lender Amber Group in August 2023. The acquisition was first reported by Wu Blockchain and later confirmed by The Block. Whalefin, originally known as DeCurret, has been rebranded as S.BLOX as of Monday. The acquisition was facilitated through Quetta Web, a…

Crypto Rollercoaster: Bitcoin Stumbles, Will July Bring Stability?

Crypto Rollercoaster: Bitcoin Stumbles, Will July Bring Stability?

As we enter July 2024, the cryptocurrency market is recovering from a volatile June, during which Bitcoin, the largest cryptocurrency by market capitalization, experienced a significant decline. Known for its volatility, Bitcoin’s recent performance has left investors and analysts questioning whether July will bring the stability the crypto market desperately needs. A Turbulent June June…

RBA Cash Rate Futures Indicate a 45% Probability of a 25bp Hike at August 6 Meeting

RBA Cash Rate Futures Indicate a 45% Probability of a 25bp Hike at August 6 Meeting

The Reserve Bank of Australia (RBA) is under increasing pressure to address soaring inflation, which has reached a 30-year peak. According to cash rate futures, there is now a 45% probability of a 25 basis point (bp) increase at the RBA’s upcoming meeting on August 6. This prediction comes amidst robust economic growth in Australia,…

The Importance of Value Investing in Crypto: A Framework for Informed Decisions

The Importance of Value Investing in Crypto: A Framework for Informed Decisions

Investing in cryptocurrency often comes with the excitement of new opportunities. However, it’s crucial to remember that asset prices don’t always reflect their true value. Although the efficient-market hypothesis suggests that prices incorporate all available information, history frequently shows that markets can be inefficient and irrational. The Limits of the Efficient-Market Hypothesis Consider the COVID-19…

Phishing Scam Hits MakerDAO Governance Delegate, Leading to $11 Million Loss

Phishing Scam Hits MakerDAO Governance Delegate, Leading to $11 Million Loss

A significant phishing scam has targeted a MakerDAO governance delegate, resulting in the loss of $11 million in Aave Ethereum (aEthMK) and Pendle USDe tokens. This delegate, who plays a crucial role in MakerDAO’s decision-making process, was deceived into signing multiple phishing signatures. The Incident The scam was detected by Scam Sniffer in the early…