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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

In light of the recent collapse of both the TerraUSD (UST) stablecoin and Terra coin (LUNA), Blockstream CEO Adam Back points out the confusion being caused by mainstream outlets for publishing headlines about Tether (USDT) losing its peg to the U.S. dollar. In Back’s Twitter thread, he explains
News • Bitcoin • May 14, 2022
In light of the recent collapse of both the TerraUSD (UST) stablecoin and Terra coin (LUNA), Blockstream CEO Adam Back points out the confusion being caused by mainstream outlets for publishing headlines about Tether (USDT) losing its peg to the U.S. dollar. In Back’s Twitter thread, he explains
News • Bitcoin • May 14, 2022
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
News • Bitcoin • May 13, 2022
Hoseki is a Proof-of-Funds service that builds infrastructure in order to help investors verify and use their funds in ways that were previously inaccessible. Their app will allow for Proof-of-Funds in order to be considered for mortgages, car loans, personal loans, residency, and credit checks. The company recently announced the
News • Bitcoin • May 12, 2022
President Nayib Bukele released images of El Salvador’s Bitcoin City model following a recent Tweet that the country “bought the dip” purchasing an additional 500 Bitcoin. The Bitcoin City images showcase a golden city with a Bitcoin centerpiece. Bukele captioned the photos with "Bitcoin city is coming along
News • Bitcoin • May 12, 2022
Michael Saylor and his company, MicroStrategy, are one of the most outspoken supporters of Bitcoin. In fact, the company has one of the largest holdings of the digital asset in the world. However, attention has recently been drawn to the possibility of the company becoming insolvent due to Bitcoin'
News • Bitcoin • May 11, 2022
Reial Club Deportivo (RCD) Espanyol has agreed to accept Bitcoin and other cryptocurrencies for tickets, merchandise, food, and beverages. The club plans on implementing the payment option next season, making it the first member of the professional soccer league, La Liga, to accept Bitcoin and other cryptocurrencies. Interestingly, RCD Espanyol
News • Bitcoin • May 10, 2022