Announcement
Tether to Launch UAE Dirham-Pegged Stablecoin
Tether to Launch UAE Dirham-Pegged Stablecoin

Tether has announced its plans to launch a new stablecoin pegged to the United Arab Emirates Dirham (AED). The development of this stablecoin will involve a partnership with Phoenix Group PLC, a technology company based in the UAE, and will also be supported by Green Acorn Investments Ltd. The Dirham-pegged

Business  •  News  •  Aug 21, 2024
Marathon Digital Holdings Acquires $249 Million in Bitcoin
Marathon Digital Holdings Acquires $249 Million in Bitcoin

Marathon Digital Holdings, a leading publicly traded Bitcoin mining company, recently expanded its Bitcoin holdings with a $249 million purchase, bringing the total to over 25,000 Bitcoin, valued at approximately $1.5 billion. On August 12th, the company announced a $250 million convertible note offering, which was increased to

Bitcoin  •  Business  •  Aug 15, 2024
Goldman Sachs Has More Than $400 Million Invested in Spot Bitcoin ETFs
Goldman Sachs Has More Than $400 Million Invested in Spot Bitcoin ETFs

Goldman Sachs disclosed $418 million in spot Bitcoin ETF holdings, reflecting a rising institutional interest in Bitcoin.  In their recent quarterly filing, the investment bank detailed its holdings across seven different U.S. Bitcoin ETFs, with the largest being nearly $240 million in BlackRock's iShares Bitcoin Trust (IBIT)

Bitcoin  •  Business  •  Aug 14, 2024
Tether Responds to $2.4 Billion Lawsuit Filed by Celsius Network
Tether Responds to $2.4 Billion Lawsuit Filed by Celsius Network

On August 9th, 2024, Celsius Network Limited, through the Blockchain Recovery Investment Consortium, LLC, filed a lawsuit against Tether Limited and certain affiliated entities in the United States Bankruptcy Court for the Southern District of New York.  Tether Will Defend Itself Against “Shake Down” Litigation Commenced by Celsius Learn more:

Bitcoin  •  Business  •  Aug 10, 2024
Spot Bitcoin ETFs Record Highest Inflows in the Last Two Weeks
Spot Bitcoin ETFs Record Highest Inflows in the Last Two Weeks

Bitcoin spot ETFs experienced their largest inflows in over two weeks on August 8th, 2024, totaling $192.5 million. This followed a decline in Bitcoin's price below $50,000 earlier in the week, which occurred amid a broader global market downturn. These inflows contributed to Bitcoin's

Bitcoin  •  Business  •  Aug 09, 2024
Tether to Launch UAE Dirham-Pegged Stablecoin
Tether to Launch UAE Dirham-Pegged Stablecoin

Tether has announced its plans to launch a new stablecoin pegged to the United Arab Emirates Dirham (AED). The development of this stablecoin will involve a partnership with Phoenix Group PLC, a technology company based in the UAE, and will also be supported by Green Acorn Investments Ltd. The Dirham-pegged

Business  •  News  •  Aug 21, 2024
Featured Articles 4 Articles
Business View All
Tether CEO Pushes Back After S&P Downgrades USDt To Lowest Rating
Tether CEO Pushes Back After S&P Downgrades USDt To Lowest Rating

Tether CEO Paolo Ardoino rejected S&P’s USDt downgrade as misguided and based on outdated legacy models.

JPMorgan Prepares Structured Notes Linked to BlackRock’s IBIT With Defined Return Parameters
JPMorgan Prepares Structured Notes Linked to BlackRock’s IBIT With Defined Return Parameters

JPMorgan plans a structured note tied to BlackRock’s IBIT ETF with fixed returns, downside limits, and potential 1.5x gains through 2028.

Measuring Success by Sats per Share Versus Share Price
Measuring Success by Sats per Share Versus Share Price

Mike Crosbie, COO at B HODL, writes that success for a Bitcoin treasury company is defined by growing Sats per Share, not its fiat share price.

Strategy Counters MSCI FUD Tied to October 10th Bitcoin Crash
Strategy Counters MSCI FUD Tied to October 10th Bitcoin Crash

Analysts say MSCI’s review of Bitcoin-heavy companies may have been a key factor behind the sharp market drop on October 10th.

Politics View All
Turkmenistan Approves New Law for Bitcoin and Digital Asset Operations
Turkmenistan Approves New Law for Bitcoin and Digital Asset Operations

Turkmenistan has enacted a new law regulating Bitcoin and digital asset activities with licensing requirements and defined legal status.

Texas Buys $5 Million in Bitcoin in First State-Level Purchase of BlackRock’s Spot ETF
Texas Buys $5 Million in Bitcoin in First State-Level Purchase of BlackRock’s Spot ETF

Texas bought $5 million of Bitcoin through BlackRock’s IBIT ETF as its first step toward a state Strategic Bitcoin Reserve.

New Hampshire Authorizes $100 Million Bitcoin-Backed Municipal Bond
New Hampshire Authorizes $100 Million Bitcoin-Backed Municipal Bond

New Hampshire approved a $100 million Bitcoin-backed municipal bond, the first government use of this collateral model.

Taiwan’s Central Bank To Study Bitcoin as Possible Reserve Asset
Taiwan’s Central Bank To Study Bitcoin as Possible Reserve Asset

Taiwan’s central bank will study Bitcoin as a reserve asset in a pilot led by Dr. Ju-chun Ko with support from JAN3 and Samson Mow.

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