Browsing monthly archive

October 2024

Tether increases its Bitcoin and gold holdings to $4.8B and $5B respectively

Tether (USDT) circulation surged to $120B, marking a 30% increase in 2024. Tether’s Bitcoin and gold holdings increased to $4.8B and $5B, respectively. Tether’s net equity doubled to $14.2B, while it faces ongoing legal challenges. Tether has announced a substantial increase in its Bitcoin and gold reserves, as detailed in its latest Q3 2024 Consolidated […]

Wellington partners Ondo Finance for tokenized US Treasury fund

Wellington Management, an asset manager with over $1 trillion in assets, has announced a partnership with Ondo Finance in a collaboration that aims to power intraday redemptions for a newly unveiled tokenized US Treasury fund. Ondo is a decentralized finance protocol that’s seeing rapid growth in the tokenized assets market. Ondo and Wellington team up […]

BlackRock’s spot Bitcoin ETF hits $30 billion, sets new record in 293 days

BlackRock takes the lead reaching $30 billion in 293 days. JEPI took 1,272 days and Gold managed it in 1,790 days Spot Bitcoin ETFs could reach one million Bitcoin, surpassing Satoshi Nakamoto by mid-December BlackRock’s spot Bitcoin exchange-traded fund (ETF) has hit $30 billion in assets setting a new record of 293 days, showcasing rising […]

Stripe acquires stablecoin platform Bridge for $1.1 billion

Stripe has closed a $1.1 billion acquisition of stablecoin firm Bridge The company re-established support for crypto payments in April, adding USDC on Ethereum, Solana, and Polygon in October 2024 Stripe has completed the acquisition of Bridge, a stablecoin platform that helps companies and businesses accept payments in stablecoins. According to TechCrunch founder Michael Arrington, […]

Paul Tudor Jones says he’s long gold and Bitcoin

Billionaire Paul Tudor Jones is bullish on gold and Bitcoin The hedge fund manager told CNBC that commodities are under-owned Paul Tudor Jones says he is long the precious metal gold and digital asset Bitcoin (BTC) ahead of the US election and as inflationary pressures look to persist beyond the November vote. The billionaire hedge […]

Analysts anticipate a Bitcoin Dogs breakout as Bitcoin (BTC) teases new ATH

Bitcoin (BTC) surges past $73,000, nearing its all-time high with strong investor interest. Bitcoin Dogs (0DOG), a new meme coin, could break out with its upcoming game launch. Analysts predict growth for Bitcoin Dogs, benefiting from Bitcoin’s bullish momentum. The spotlight is back on Bitcoin (BTC), which recently surged past $73,000, drawing both investor attention […]

Buenos Aires launches QuarkID, a digital identity service using ZK proofs

Buenos Aires has launched a digital identity service called QuarkID that uses zero-knowledge proofs The service enables privacy by verifying documents without revealing personal data QuarkID will expand nationally, with pilots in other Argentinian regions underway The city of Buenos Aires has unveiled a ground-breaking digital identity service called QuarkID, aimed at enhancing residents’ privacy […]

Consensys lays off 20% of its total workforce

Consensys cuts 20% of its workforce due to economic and regulatory challenges. CEO Joe Lubin criticizes the SEC’s actions as a harmful “abuse of power.” The company aims to enhance decentralization and evolve into a “Network State.” Consensys, a pioneering force in blockchain technology and a primary supporter of the Ethereum network, recently announced a […]