Tether Splits Into Four Divisions, Eyes Expansion

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Tether, the company behind the USDT stablecoin, has announced a significant reorganization and expansion strategy aimed at transcending its flagship product. This move introduces four distinct business divisions—Data, Finance, Power, and Edu—with a focus on broadening its influence and applications in various sectors of technology and finance. Paolo Ardoino, CEO, emphasized the strategic pivot: “Thriving […]

Whales Buy Up 5% Of Stablecoin Supply, What Are They Up To?

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On-chain data suggests the whale entities have bought up around 5% of the supply of the major stablecoins over the past three weeks. Whales Have Been Gobbling Up Stablecoin Supply Recently According to data from the on-chain analytics firm Santiment, whales have been rapidly accumulating the stablecoin supply recently. Whales here refer to investors holding […]

Ethereum LSTs, LRTs, And Stablecoins: Decoding The Effects Of ‘Magic Money’ On Bitcoin And Crypto | Bitcoinist.com

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A crypto analyst has provided insights into how the structure of the Ethereum ecosystem could bring Bitcoin and the broader crypto market down. His analysis focused on Ethereum’s liquid-staked tokens (LSTs), liquid-restaked tokens (LRTs) and stablecoins backed by these tokens and how they could lead to the next “bubble” burst.  Magic Money That Could Lead […]

USDT To The Moon? Tether Inches Closer To $100 Billion Market Cap

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The cryptocurrency world watches with a mix of intrigue and apprehension as Tether (USDT), the most prominent stablecoin, inches closer to a seemingly mythical $100 billion market capitalization. This monumental milestone signifies Tether’s undeniable market dominance, but it also casts a spotlight on the regulatory clouds gathering around the stablecoin and the potential implications for […]

Cardano Founder Declares Crypto Under Attack: ‘Legacy Is Eating Crypto’

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In a recent video titled “Legacy is Eating Crypto,” Cardano founder Charles Hoskinson has expressed concerns about the increasing centralization of power in the cryptocurrency industry. Hoskinson specifically highlighted the dominance of a few top companies in the Bitcoin and stablecoin sectors, arguing that this poses risks to users and undermines the decentralized nature of […]

Stablecoins Record $4B Inflows: What It Means For Bitcoin

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On-chain data shows stablecoins have recorded more than $4 billion in inflows in the past month. Here’s why this could be relevant for Bitcoin. Stablecoin Market Cap Has Enjoyed Some Notable Growth Recently According to data from the on-chain analytics firm Glassnode, the aggregate supply of stablecoins has been going through an expansion since October […]

Circle Advances Towards US IPO With Confidential Filing

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Circle Internet Financial, known as the issuer of the USDC stablecoin, has confidentially filed for an initial public offering (IPO) in the United States, as per an exclusive Reuters report, signaling its intention to become a publicly-traded company. This move marks a pivotal step in Circle’s journey, reflecting the growing interface between traditional financial markets […]

Explosive Ripple CTO Predictions: Five Catalysts That Could Shape 2024’s Crypto Landscape | Bitcoinist.com

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In a recent post on X (formerly Twitter), David Schwartz, Ripple’s Chief Technology Officer (CTO), shared his predictions for the blockchain industry in 2024 and beyond.  Interoperability As Catalysts For DeFi Growth On The XRPL According to Schwartz, the convergence of artificial intelligence (AI) and blockchain will revolutionize cybersecurity and financial services. AI, according to […]

Crypto Assets Triumph As Commodities, But Face Regulatory “Turf War,” Says US CFTC Chair | Bitcoinist.com

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In the ongoing clash between regulatory bodies over the classification and regulation of the crypto industry, CFTC Chair Rostin Behnam has added fuel to the fire by stating that most crypto assets are commodities under existing laws.  However, Behnam also acknowledged the existence of a “turf war” between regulatory bodies regarding the oversight of the […]

Stablecoins Poised To Tackle Issues Unresolved By BTC And ETH – Report

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Stablecoins, the digital assets designed to minimize price volatility, are poised for a significant metamorphosis in the near future, driven by the evolving demands of the competitive financial landscape.  Jeff Lewis, a key figure in Pantera Capital, has emphasized the imperative need for stablecoin providers to integrate money market yields into their offerings to retain […]