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Tether is Fully Backed, Always Redeemable for USD 1 , Co-Founder Says

24.5.2022
  “I strongly believe that [tether] is fully backed, and you will never have any issues redeeming it,” Tether co-founder and BLOCKv CEO Reeve Collins has said. Speaking in an interview with CNBC on Monday, Collins said that the popular stablecoin tether (USDT) is “still backed 1:1” by reserves...

$POODL Becomes Official Partner of Lakeview Metaverse

23.5.2022
PoodlToken officially joined the Lakeview Metaverse to open new use cases for the dog-faced NFTs. The project will airdrop game tokens worth $10 to all $POODL holders. And what is more, the NFTs can be used to unlock exclusive benefits in the Lakeview metaverse. The native $POODL tokens power...

Cardalonia Updates on Token Sale and Reward for Staking $LONIA

23.5.2022
Cardalonia has extended the duration of the Seed Round by 48 hours while sharing the update that the second round would begin immediately after the Seed Round ends. It is considered the factor of community members putting in a lot of requests to extend the timeline. Additionally, Cardalonia wanted...

Incentivized $ZKP Staking Testing With 100,000 $ZKP Is Live

20.5.2022
Panther Protocol recently released its advanced $ZKP staking testing. Now, users can earn 100,000 $ZKP in rewards on the Zafari Beta. The protocol released an official post to inform users about Advanced Staking. The project is a part of Panther’s MASPs (multi-asset shielded pools) plan. However...

Bitcoin Tests USD 30K, Ethereum at USD 2K, Altcoins Move Higher

19.5.2022
  Bitcoin has held the key support level at USD 29,000 throughout the day, with more gains now likely as the coin tests resistance at the USD 30,000 level. As of 15:44 UTC, the number one cryptocurrency traded at USD 30,330, up almost 5% for the past 24 hours and 5% for the past 7 days. At...

Tether in the Spotlight After USD 9B Worth of Redemptions

19.5.2022
  The popular stablecoin tether (USDT) is again the subject of unwanted attention after approximately USD 9bn has been redeemed for US dollars by users in the aftermath of the terraUSD (UST) collapse. The redemptions have come despite USDT trading on exchanges within a rounding error of its USD...

Algoracle Announces $1․5 Million Seed Round

18.5.2022
PRESS RELEASE. Algoracle has recently announced the close of its seed round for $1.5 million (USD) to help accelerate the development and launch of Algorand’s native decentralized oracle network. Algoracle’s seed round was led by Borderless Capital, with major contributions from...

South Korean Banks Earned USD 31M in Crypto Transaction Fees Last Year

17.5.2022
  Three South Korean banks earned USD 31.2m from their crypto exchange partnership deals in 2021, new data has revealed – suggesting that partnering with trading platforms could be paying off for the often-cautious domestic banking sector.... Read More: South Korean Banks Earned USD 31M in Crypto...

Bitcoin Recovers From $26,500; Time To Invest in BTC?

13.5.2022
Bitcoin’s decline and bearish crypto movement was a sudden sentiment change created by the collapse of LUNA as it lost its peg. To save UST from further decline, BTC was sold to create a hedge. Now that the initial negativity has subsided, BTC could return above the $35,000 level. Still, there...

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