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Tether's CTO Paolo Ardoino announced that Tether has cut their holdings of commercial paper since December of 2021, and now holds the majority of its reserves in U.S. Treasuries. Tether (USDT) is a reserve-backed stablecoin that aims to be pegged 1:1 to the U.S Dollar.

On May 12th, 2022 Australia finally launched a Bitcoin spot ETF along with a second Bitcoin ETF that invests in a Canadian spot Bitcoin ETF. 21Shares Bitcoin ETF (EBTC: AU) is the first Australian spot Bitcoin ETF offered in partnership with ETF securities. The fund directly invests in Bitcoin and

Consumers and businesses are looking to their financial institutions for providing Bitcoin services and Jack Henry, a large payment processor for the financial industry, is up to the task. From their press release it was announced that consumers and business accounts alike will be given access to NYDIG’s buy-hold-sell

Block, previously known as Square, said Thursday that Cash App generated $1.73 billion worth of Bitcoin sales during Q1 of 2022. The company also reported generating $43 million in Bitcoin gross profit, according to the Q1 shareholder letter. "Cash App generated $1.73 billion of bitcoin revenue and

Argentinean senators cut a $45 billion bailout deal with the International Monetary Fund (IMF) on Thursday to help the country avoid defaulting on its debts, with an unusual clause attached. The deal was approved in a 56 to 13 vote that includes a brutal provision that forces the government of

The Luna Foundation Guard has acquired an additional 37,683 Bitcoin totaling $1.5 Billion to bolster the reserves of its most popular stable coin U.S. Terra. Do Kwon, co-founder and CEO of Terraform Labs, said that the foundation is expected to complete its goal of purchasing $10 Billion

A recent press release revealed that the Securities and Exchange Commission's (SEC) Cyber Unit, renamed the Crypto Assets and Cyber Unit, has nearly doubled in size to meet expanding demands for investor protections of digital assets and cyber threats. The unit now consists of 50 dedicated positions. According

Jack Dorsey, Michael Saylor, Fidelity, and others from the Bitcoin Mining Council (BMC) submitted an open-letter addressing environmental concerns to the United States Environmental Protection Agency.   The BMC letter is a direct response to claims made in a letter dated April 20, 2022, signed by Representative Jared Huffman and 22