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Tether International Ltd., the holding company behind the largest stablecoin, USDT, posted second-quarter net profit of $4.9 billion. The company held over $162.5 billion in reserves against $157.1 billion in liabilities, the USDT tokens issued, according to the latest attestation by accounting
Bitcoin development firm Blockstream has unveiled “Simplicity,” a programming language for smart contracts built on the layer-2 network Liquid. Co-founded by cryptographer and early Bitcoin contributor Dr. Adam Back, Blockstream has introduced Simplicity with the aim of solving the limitations of Bitcoin
Helium, one of the most well-known DePIN projects on Solana, is launching a new service called Helium Plus, aimed at transforming how businesses contribute to the Helium Network. Helium Plus will enable public Wi-Fi providers and businesses to join the network using
The White House’s crypto report did not provide updates to the March 6 executive order establishing a Bitcoin reserve.
Money2 is a new financial system powered by stablecoins and DeFi. With $225 billion in stablecoins and code-based contracts replacing banks, Money2 is already changing how value moves.
Yesterday, July 30th, was the 10-year anniversary of Ethereum’s launch. In today’s Crypto for Advisors newsletter, Alec Beckman from Psalion writes about Ether’s growing role as a treasury reserve asset and highlights growing trends. Then, Eric Tomaszewski from Verde Capital Management answers
Robinhood’s (HOOD) strong second-quarter earnings Wednesday evening have prompted Wall Street to raise its expectations for the stock, but the modest boosts suggest the group believes much upside has been priced in. Shares are trading slightly higher Thursday morning at $106.50. Citi,
Former OpenSea employee Nathaniel Chastain has successfully appealed his conviction for wire fraud and money laundering.
Why is Meta allegedly pirating porn? Math suggests AI agents won’t take everyone’s jobs, AIs secretly trained to love owls, and more: AI Eye.
Global payments provider Visa (V) is expanding its stablecoin settlement platform to new blockchains and stablecoins, the company announced on Thursday. The firm will now support two dollar-pegged tokens, PayPal USD (PYUSD) and Global Dollar (USDG), through a partnership with Paxos. It