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Over the past 158 days, starting from the beginning of the year, the quantity of bitcoin held by exchanges and miners has decreased by 183,253 BTC, valued at nearly $13 billion. Roughly 90.95% of this bitcoin withdrawal originated from cryptocurrency exchange reserves. Exchanges and Miners See Massive Reductions From Jan. 1 to June 7, 2024, … Read more
Onchain data reveals the stablecoin giant Tether has once again bolstered its bitcoin reserves, making an addition of 8,888.88 bitcoins to its wallet as of March 31. Tether’s Bech32 address now ranks as the seventh-largest holder of bitcoin by volume. Tether’s Latest Acquisition Puts Stash at 75,354 Bitcoin Though Tether has not officially confirmed its … Read more
Tether’s newest reserve attestation shows the highest-ever percentage of cash equivalents, with most reserves consisting of U.S. T-bills and repurchase agreements. Go to Source
The umbrella organization for Canada’s securities regulators has set out conditions for the trading and issuance of stablecoins. Go to Source
Gold bars recently sold out at Costco, reflecting investors’ souring mood about the economy. Is there a silver lining for Bitcoin? Go to Source
The Coinbase earnings report shows that services and subscriptions are the exchanges’ core revenue streams. Is this a positive or a negative? Go to Source Powered by WPeMatico
Tether has released its latest reserves attestation for USDT, with its excess reserves increasing to $3.3 billion. Go to Source Powered by WPeMatico
Tether, the stablecoin enterprise, has revealed its intention to devote 15% of its profits to bitcoin. The firm’s announcement comes on the heels of Tether’s recent attestation report, which emphasized the company’s possession of bitcoin reserves worth $1.5 billion. Tether’s Strategic Shift: Profits to Fuel Bitcoin Acquisition Tether, the company behind the crypto economy’s largest … Read more
The world’s second-largest stablecoin issuer wants to reduce its exposure to potential US debt defaults. Go to Source Powered by WPeMatico
The financial advisory and accounting firm also revealed that Tether held roughly $3.4 billion worth of precious metals. Go to Source Powered by WPeMatico
