Tether crypto exchanges balance hits record high as Treasury prints $1B USDT

Synthetix has reached the $1 billion in value locked milestone, following other DeFi protocols like Compound and Aave. Synthetix (SNX) has been one of the many DeFi tokens that has made substantial gains in 2020, having hit its all-time high of $7.32 on August 15 and rallied more than 400% year-to-date.SNX/USDT daily chart. Source: TradingViewMost…

In the second episode of Hashing It Out, Cointelegraph’s Elisha Owusu Akyaw (GhCryptoGuy) breaks down the state of the crypto market with Crypto Birb. 2248 Total views 6 Total shares Own this piece of crypto history Collect this article as NFTAre crypto traders playing “god?” The world of cryptocurrency trading can be highly uncertain, yet…

Coinbase’s step marks the latest significant institutional entrant to the field of BTCFi.

Macro factors finally see $40,000 give way for Bitcoin price action after two weeks above. 2194 Total views 7 Total shares Bitcoin (BTC) fell through $40,000 as Wall Street opened on Feb. 18 with analysts watching lower levels.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin falls to two-week lowsData from Cointelegraph Markets Pro and TradingView showed BTC/USD…

Both OpenSea and Metamask have logged cases of IP address leaks associated with transferring nonfungible tokens (NFTs), according to researchers at Convex Labs and OMNIA protocol.Nick Bax, head of research at NFT organization Convex Labs tested out how NFT marketplaces like OpenSea allow vendors or attackers to harvest IP addresses. He created a listing for…

In theory, Bitcoin (BTC) should serve as a hedge against inflation. It’s easy to access, its supply is predictable, and central banks cannot arbitrarily manipulate it.However, investors aren’t treating it that way. Instead, the cryptocurrency market is mirroring the stock market. Why is that? Let’s dive into what prevents cryptocurrencies from acting as a hedge…

The Bank of Jamaica has partnered with an Ireland-based tech firm for its central bank digital currency project scheduled to begin in May. 1607 Total views 11 Total shares Jamaica is the latest country making concrete efforts towards issuing its own sovereign digital currency.According to a press release by the Bank of Jamaica on Tuesday,…