News
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Stablecoin Market Climbs $2.81B in a Week, Nearing $160B Valuation
- April 20, 2024
- Posted by: MasterAdmin
- Category: Bitcoin.com
No CommentsOver the past seven days, the stablecoin sector has expanded by $2.81 billion, bringing the dollar-pegged cryptocurrency market close to a total valuation of $160 billion. A significant portion of this growth, exceeding $2 billion, is attributed to the increase in USDT’s market capitalization, which reached $109.38 billion by Friday at 1:00 p.m. Eastern Time. […]…
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Foundry to Isolate and Monetize Bitcoin Halving’s ‘Epic Satoshi,’ Distributing Earnings Among Pool Members
- April 20, 2024
- Posted by: MasterAdmin
- Category: Bitcoin.com
Foundry, a digital assets mining and staking company, has announced that it plans to monetize what it has called the “epic satoshi,” the first satoshi of the halving block, via Ordinals. If the company mines it through its mining pool, it plans to distribute the proceeds to its members based on the hashrate on the […]…
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Economist Peter Schiff Declares ‘Bitcoin Fad is Over’ as Gold Prices Soar
- April 20, 2024
- Posted by: MasterAdmin
- Category: Bitcoin.com
After the overnight Israeli retaliatory strikes against Iran, gold prices have settled around $2,388 per ounce, having briefly touched the $2,400 mark right after the events. Over the last five days, gold has increased by 1.85%, while bitcoin has declined by 8% since the onset of the conflict last Saturday, April 13. Following last night’s […]…
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Two US Senators Introduce New Bipartisan Stablecoin Legislation
- April 20, 2024
- Posted by: MasterAdmin
- Category: The Daily Hodl
Two US lawmakers unveiled on Wednesday a proposed legislation that will create a regulatory framework for payment stablecoins.
In a statement, senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) say the bipartisan Lummis-Gillibrand Payment Stablecoin Act will protect consumers, enable innovation and promote the dominance of the U.S. dollar while preserving the dual banking system.
“In order to meet the growing demand for our ever-evolving financial industry, we need to craft legislation that strikes the careful balance of establishing a clear and workable framework for stablecoins while protecting consumers.” …
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Tether Launches USDT on Ton Blockchain, Giving the Stablecoin Access to Telegram Messaging Platform’s Userbase
- April 20, 2024
- Posted by: MasterAdmin
- Category: The Daily Hodl
Stablecoin issuer Tether (USDT) is launching its dollar-pegged asset over The Open Network (TON), giving it access to the user base of the popular messaging platform Telegram.
In a new article, Tether says that it is launching both USDT and Tether Gold (XAUT), its gold-backed crypto asset, over the layer-1 protocol TON, bringing its total coverage to 15 blockchains.…