In its most recent report, the US Treasury Department has issued a caution about Russia’s usage of stablecoins like Tether for illicit activities to bypass sanctions and finance their military machinery. Russia USDT Use Takes Limelight In a formal statement to the Senate Banking Committee, the US Treasury Deputy Secretary expressed concern that Russia’s usage … Read more
According to Coinbase, the Bitcoin halving is predicted to occur on April 17. This event, which occurs approximately every four years, is highly anticipated by dedicated investors due to its significant impact on the market. leading up to this event, investors are actively positioning themselves in Bitcoin and popular altcoins like AltLayer (ALT) and Pendle, … Read more
Recently, cryptocurrency writer Panos Mekras connected Ripple‘s plans for stablecoins to Tether’s financial prosperity. He expressed this perspective following news of Tether’s substantial profits in 2023. According to an examination by Maelstrom using publicly available data, Tether reported earning around $6.2 billion in net income – a notable jump from their earnings the year prior. … Read more
Senator Elizabeth Warren advocates for stronger oversight of crypto validators and stablecoin users to combat international illegal activities. During the US Senate Banking Committee Hearing, Warren emphasized that cryptocurrency companies should face the same Anti-Money Laundering (AML) regulations as traditional financial institutions. At the hearing, Wally Adeyemo, the Deputy Secretary of the Treasury, spoke about … Read more
In simple terms, Doge, a popular meme token in the digital currency market, has experienced a notable increase in value recently. However, this growth spurt was temporary, and Dogecoin‘s price now shows signs of stability, moving sideways instead of up or down. This trend suggests that Dogecoin may be taking a break after its quick … Read more
Andriessen Horowitz’s cryptocurrency branch, A16z Crypto, unveiled Jolt, a new Zero-Knowledge Virtual Machine (zkVM) from them. This innovation aims to enhance blockchain systems by employing zero-knowledge proofs capability, particularly SNARKs ( succinct non-interactive arguments of knowledge), to create scalable ZK-rollups in the Layer 2 sector. Zero-Knowledge Virtual Machine In the realm of blockchain technology, Jolt … Read more
According to analytics tool IntoTheBlock, Dogecoin (DOGE), the popular meme currency, could potentially hit a new peak. A quirky digital currency that mimics Bitcoin, and is well-known for its humor, has experienced a significant increase of over 10% within the last month. This growth surpasses that of certain notable alternative coins. To reach new peaks, … Read more
In a conversation with CNBC, the CEO of Binance, Richard Teng, discussed Binance‘s internal matters and pledged to uphold regulations after reaching a $4.3 billion penalty agreement with the United States Department of Justice (DOJ). Teng additionally brought up Binance’s progression towards becoming more established and discussed possible plans for setting up a central headquarters, … Read more
U.Today keeps you updated with the three most significant crypto news stories that happened yesterday. Ripple CEO makes stunning market prediction Based on a recent article from CNBC, Brad Garlinghouse, CEO of Ripple based in San Francisco, believes the total value of the cryptocurrency market will surpass $5 trillion this year. He expressed his confidence … Read more
The Financial Stability Institute (FSI) at the Bank for International Settlements (BIS) has recently released a study centering on the increasing prevalence of stablecoins. A paper has pointed out several potential hazards for stablecoin users, among which is the possibility of de-pegging. No stablecoin has successfully kept its value aligned with the underlying asset consistently. … Read more