Tether invests $100M in agriculture firm as stablecoin competition grows

Cryptocurrency exchange Bitfinex announced that it will be offline for up to seven hours next week in a Medium post published on June 20.Per the announcement, the exchange will go offline for up to seven hours to carry out system upgrades on June 26. The post further specifies that Bitfinex’s hybrid counterpart Ethfinex will also…

Volcano Energy, the renewable energy developer, said the funds would go toward an estimated 241 MW power generation park. 92 Total views 13 Total shares The public-private partnership in El Salvador to pump $1 billion into creating a Bitcoin (BTC) mining farm has received its first $250 million. This first release of funds kickstarts 241…

The new top-level domain “.farms” will play a role in Farmsent’s blockchain-based marketplace dedicated to farmers. 

Coinbase, a major American cryptocurrency exchange and wallet service, has not acquired digital currency brokerage firm Tagomi.On Nov. 29, sources told CoinDesk that Coinbase acquired Tagomi for $150 million that morning, following purported negotiations between the firms last month. According to The Block, Tagomi’s lending and borrowing services made it a tempting target for an…

The re-staking collective aims to address Ethereum validator economic incentives. 2886 Total views 69 Total shares Own this piece of history Collect this article as an NFTA new protocol that allows Ethereum validators and stakers to “re-stake” their assets onto other emerging networks has just launched on testnet.The mainnet launch of the EigenLayer protocol is…

Bitcoin’s (BTC) recent foray back below $56,000 sparked a wide-ranging sell-off across the cryptocurrency ecosystem and talks of the price hitting $100,000 by the end of the year quickly morphed into concerns about an impending bear market that could thrust prices into the doldrums for a year or longer. While there appeared to be absolute carnage in…

The deal seems to be part of a larger move for Rockets owner Tilman Fertitta, who is also the chairman and CEO of a restaurant group that recently launched a Bitcoin rewards program. 375 Total views 3 Total shares The New York Digital Investment Group will be paying the National Basketball Association’s Houston Rockets franchise…

"Most crypto, virtual currencies are designed to stay off the radar screen," said Charles Rettig. 854 Total views 1 Total shares Internal Revenue Service chief Charles Rettig called out lawmakers for not taking the initiative on addressing the problem of many U.S. residents not paying taxes on crypto.In a Tuesday senate hearing on the IRS’…