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
South Korea's National Pension Service (NPS) has invested $34 million in MicroStrategy, purchasing shares in the business intelligence firm known for its substantial Bitcoin holdings.
According to a recent SEC filing, the NPS acquired 24,500 shares of MicroStrategy during the second quarter at an average price of
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)
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
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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
