Stablecoin issuer Tether announced that it is expanding its presence in Georgia through a strategic investment in CityPay.io, a payment processing company that operates in more than 600 locations across the country including shops, hotels, restaurants and more. … [Read more...] about Tether strengthens its presence in Georgia, invests in sustainable bitcoin mining in Uruguay
Number of ETH staked has reached 23 million
Data tracked by Glassnode show almost 5 million ETH coins have been deposited into the staking contract since the implementation of Shapella upgrade on April 12, taking the the total number of staked coins up to 23 million. The total supply of ETH is 120.25 million. … [Read more...] about Number of ETH staked has reached 23 million
Hong Kong to open crypto-trading for retail clients
Definitive guidelines could facilitate reaching its crypto-hub ambitions. … [Read more...] about Hong Kong to open crypto-trading for retail clients
Tether will invest up to 15% of its profits into bitcoin
Tether, issuer of the most widely used stablecoin, will use up to 15% of its net realized operating profits to buy bitcoin in an effort "strengthen and diversify" the reserves that back USDT. … [Read more...] about Tether will invest up to 15% of its profits into bitcoin
The European Union approves crypto legal framework
European Union member-states inch forward to create a comprehensive crypto regulation … [Read more...] about The European Union approves crypto legal framework
S&P Global Report Looks At Links Between Crypto Markets And Macroeconomic Factors
Cryptocurrencies seem to be less correlated with macroeconomic factors than traditional financial assets. This is according to a report "Are crypto markets correlated with macroeconomic factors?" published May 9, 2023. … [Read more...] about S&P Global Report Looks At Links Between Crypto Markets And Macroeconomic Factors
PayPal’s crypto assets increased in Q1 2023 up to nearly $1 billion
Financial technology company PayPal recently revealed its cryptocurrency holdings in a quarterly report. … [Read more...] about PayPal’s crypto assets increased in Q1 2023 up to nearly $1 billion
Coinbase considers UAE as possible strategic hub
The company is exploring the UAE transformative potential of the cryptoeconomy … [Read more...] about Coinbase considers UAE as possible strategic hub