Tether Holdings Ltd., the operator of the largest stablecoin, has announced a remarkable achievement in the first quarter of this year. The British Virgin Islands-incorporated company reported a record net profit of $4.52 billion, driven by multiple factors including interest…
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Tether Holdings invests $200 million in Blackrock Neurotech, a leader in brain-computer interface (BCI) technology.
Tether Holdings Ltd., the leading issuer of stablecoin, has recently announced a significant investment of $200 million in Blackrock Neurotech. This investment marks Tether’s foray into the world of startup investing, leveraging its surplus earnings from a substantial portfolio of…
US DOJ Recommends 36 Month Sentence and $50 Million Fine for Former Binance CEO Changpeng Zhao
The US Department of Justice (DOJ) has stirred controversy by recommending a 36-month prison sentence and a hefty $50 million fine for Changpeng Zhao, the former CEO of Binance. Zhao’s legal team has responded, arguing that such a severe punishment…
Swiss Bitcoin Advocates Launch 100K National Referendum Campaign to Include Bitcoin in National Reserves
Bitcoin advocates in Switzerland have embarked on a significant campaign to initiate a National Referendum, urging the Swiss National Bank (SNB) to include Bitcoin, the flagship digital asset, in its asset reserves. Spearheaded by Yves Bennaïm, the founder and chairman…
Ripple Labs Fights SEC’s $2 Billion Fine Proposing a $10 Million Penalty Instead
In a significant legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), Ripple Labs has recently filed a compelling opposition to the SEC’s proposal to impose a massive fine of nearly $2 billion against the company.…
Positive Signals for Mt. Gox Creditors: Updates on Repayment Data and Compensation
In a significant development for users of the hacked cryptocurrency exchange Mt. Gox, there have been positive signals regarding the long-awaited compensation for their lost funds. The Mt. Gox trustee recently updated crucial repayment data, providing hope to the numerous…
Jamie Dimon, CEO of JPMorgan Chase, calls Bitcoin a ‘Ponzi scheme’ Amid JPMorgan’s Role in BTC ETFs
In a recent interview on Bloomberg TV, Jamie Dimon, CEO of JPMorgan Chase, reiterated his strong skepticism towards Bitcoin. Despite JPMorgan’s involvement in BlackRock’s spot BTC exchange-traded fund (ETF), Dimon referred to Bitcoin as a “fraud” and a “Ponzi scheme.”…
Bitcoin Non-Correlation Explained: Mike Novogratz Breaks Down Market Reactions
In recent market movements, Bitcoin has been a hot topic of discussion, particularly in light of its perceived role as a safe haven during geopolitical tensions. Following Iran’s attack on Israel, Bitcoin experienced a dip, raising questions about its role…
Bitcoin Bull: Cathie Wood Predicts $1.5M, Innovates with ETFs
In a recent interview with Anthony Pompliano, Cathie Wood shared her bold prediction for Bitcoin, suggesting that the cryptocurrency could reach an astonishing $1.5 million. Her insights shed light on the current macroeconomic landscape, the rising interest in Bitcoin ETFs,…
Former Bitmex CEO on Bitcoin Halving Impact, Predicting Slump in Crypto Prices
In a recent Medium post, former Bitmex CEO Arthur Hayes shared his insights on the upcoming bitcoin halving event and its potential impact on crypto markets. Hayes expressed his belief that bitcoin and crypto prices, in general, will experience a…