Tether reports record-breaking $5.2B profit in first half of 2024

Gas prices on Ethereum posted fresh all-time highs on Tuesday as making a transaction now requires bidding more than 450 gwei, according to EthGasStation. Fees reach as low as 2 gwei in calm periods and were previously considered high at 30 gwei.The gas price is a generalized indicator of average prices, but translating it into…

For the first time, Indians will be able to take out a loan against cryptocurrencies. 207 Total views 1 Total shares Indian bank United Multistate Credit Co. Operative Society is planning to expand its banking services to cryptocurrencies and cryptocurrency products.In collaboration with the crypto banking service provider Cashaa, United has established a joint venture…

The e-commerce portal offers the option to pay with Bitcoin, Ether, Dogecoin as well as several major dollar-pegged stablecoins. 585 Total views 21 Total shares United States-based e-commerce platform Shop.com is the latest such site to adopt cryptocurrency payments. The company, which is owned by Market America, announced its partnership with crypto payment service provider BitPay,…

The Chicago Board Options Exchange’s (CBOE) BZX Equity Exchange has withdrawn its proposal before the U.S Securities and Exchange Commission (SEC) VanEck/SolidX Bitcoin (BTC) exchange-traded fund (ETF).SEC faced Oct. 18 deadlineOn Sept. 17, the SEC published a notice that the CBOE had withdrawn its application for the VanEck/SolidX Bitcoin ETF on Sept.13. Although no reason…

Bitcoin’s hash rate hits new all-time highs as Jack Dorsey tweets that Block is “officially building an open Bitcoin mining system.” 1485 Total views 30 Total shares Bitcoin’s hash rate has returned to all-time highs despite losing a key hash rate contributor. Meanwhile, amid lackluster price action, Block CEO Jack Dorsey confirmed the creation of an open…

Ongoing technological advancement in digital currencies is a phenomenon that can help developing countries both politically and economically. Cryptocurrencies can solve problems that are unique to these countries by providing access to a bank account, easy transfer of money across borders, and fractionalized payments.Improving the accessibility of financial services can help improve developing economies by…

On the last day of June, the European Union reached an agreement on how to regulate the crypto-asset industry, giving the green light to Markets in Crypto-Assets (MiCA), the EU's main legislative proposal to oversee the industry in its 27 member countries. A day earlier, on June 29, lawmakers in the member states of the…

While layer-2 protocols have been focused on "scalability," layer-3 protocols would serve a much different purpose, says Ethereum co-founder Vitalik Buterin. 594 Total views 22 Total shares While Ethereum-based layer-2 solutions have been focused on hyperscaling the network, Ethereum co-founder Vitalik Buterin believes layer 3s will serve a far different purpose — providing “customized functionality.” Buterin…