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Tether (USDT) Successfully Reduces the USDT Commercial Paper Exposure to $8.4 Billion
Paolo said the network's successful reduction of USDT commercial paper exposure was from $45 billion to $8.4 billion. Both the USDC and the USDT appear to have a high level of stability. Tether has kept its current commercial paper portfolio... -
Uber Stock Down 13% in June – Time to Buy UBER Stock?
The price of Uber stock has declined 13% so far this month as macroeconomic conditions in the United States and across continue to deteriorate due to persistent inflationary pressures. Earlier this month, the Federal Reserve decided to increase its benchmark... -
OpenSea Users’ Email Addresses Exposed Following Data Breach
While the broader crypto market has suffered a significant downturn, non-fungible tokens (NFTs) have proven to be viable investments. However, services in the crypto space have suffered a spate of security breaches and hacks. The latest to report a security... -
CoinFLEX CEO Calls Out Roger Ver Over Exchange’s Financial Woes
With the crypto market facing an unprecedented downturn, several platforms have been forced to freeze withdrawals or suspend activities. CoinFLEX, a crypto trading and investment platform, is one such platform. However, instead of just facing liquidation due to external forces,... -
Cathie Wood Continues to Remain bullish on Tesla while Slashing Other Stocks
Cathie Wood, whose ARK funds outperformed the markets by a wide margin in 2020, have come under pressure over the last year. While the flagship ARK Innovation ETF has recovered from its 2022 lows, it is still underperforming badly in... -
Bitcoin Miner Compass Kicked Out of Facility Over Unpaid Bills
With the crypto market seeing a significant downturn in prices, the mining space appears to be returning to the early 2021 periods when they were strapped for cash. Now, Compass mining - a prominent mining firm - has lost access... -
Goldman Sachs to Acquire Celsius: Raising $2 Billion
Wall Street Behemoth Goldman Sachs is raising $2 Billion to acquire the assets of distressed cryptocurrency lender Celsius. The reason behind a dip in recent optimization could be attributed to the news of Goldman Sachs to Acquire Celsius. Celsius, had... -
Next Cryptocurrency to Explode – June 2022 Week 5
After enduring a lengthy downturn over the past few weeks, the crypto market appears to be picking up steam. Crypto analysts believe that we could be getting ready for our second week of gains, which should excite investors. Looking to... -
Report: FTX Eyeing a Stake in Crypto Lender BlockFi
The crypto market has witnessed a slew of activities since the crypto winter began in May. Several moves have been made, and according to recent reports, a popular centralised exchange, FTX, still has moves up its sleeves. Recent reports indicate... -
Can Bitcoin Price Fall to Zero? Chinese State-Run Media Warns
Central Committee of the Communist Party of China has direct control over the national newspaper. The article warns investors to be wary of bitcoin prices "moving towards zero" due to the recent crypto market selloff. El Salvador's president, Nayib Bukele,...