Looming Legal Issues and Transparency Questions Fail to Dent Tether’s Momentum

Tether has never been more popular. A quick look at Coinmarketcap data underscores this point, with 24-hour trading volume in USDT (US dollar-denominated Tether) exceeding both Bitcoin and Ethereum combined. Users of the Legacy Stablecoin Show No Sign of Relenting A slow-rolling lawsuit brought by the New York attorney-general against Tether parent-company iFinex for fraud and market manipulation, among numerous other critiques, isn’t even close to defusing trader interest in the most popular stablecoin. The Competition Grows Legs While, of course, there are competing stablecoins, none have managed to meaningfully slow Tether’s momentum. Take Circle, which issues the competing USD

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Indian Crypto Industry Launches Campaign Urging Lawmakers to Dismiss Crypto Ban Bill

Indian crypto exchanges have pooled their resources together and launched a campaign to gain support from as many parliament members as possible about cryptocurrency regulation. The crypto bill is listed to soon be introduced in parliament. It seeks to prohibit cryptocurrencies while creating a framework for the digital rupee to be issued by the Reserve Bank of India (RBI). Indian Crypto Industry’s Campaign to Bring About Positive Crypto Regulation The Indian government plans to introduce the cryptocurrency bill entitled “The Cryptocurrency and Regulation of Official Digital Currency Bill 2021” during the current session of parliament. The bill seeks to create

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Sweet Launches Broad-Scale NFT Solution in Partnership With Bitcoin.com

PRESS RELEASE. February 4, 2021 – New York, New York – Sweet, in partnership with Bitcoin.com, has announced the launch of a highly-scalable Non-Fungible Token (NFT) platform for the broad distribution of digital collectibles and digital merchandise. Leveraging Simple Ledger Protocol (SLP) and the Bitcoin Cash network (BCH), blockchain digital collectibles provide consumer and entertainment brands with a previously-unseen opportunity to drive new revenue, create one-of-a-kind consumer experiences, and increase consumer engagement to unprecedented levels. Flexible Distribution With Sweet’s solution, brands have the flexibility to bring digital merchandise to market in an extraordinary number of ways, including for-purchase on existing

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AdGram Helps Brands Leverage Cryptocurrencies in the Advertising Market

PRESS RELEASE. The AdGram service was founded a year ago and is currently the largest advertising exchange in Telegram. AdGram helps brands place large advertising volumes in channels and groups quickly and efficiently. Channels and groups benefit from expansion of their audience, it is easy to find advertisers and increase the earnings from advertising placements via AdGram. Over the last 12 months, the service has gained a huge experience in communications with both advertisers and administrators from different countries, which has highlighted issues with settlements in multiple currencies. After overcoming these obstacles, it was decided that cryptocurrency could be the

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US Resident Operated Illegal Bitcoin Exchange Business – Faces 25 Years in Jail

An Ontario man based in San Bernardino County of the U.S. has agreed to plead guilty to federal charges of illegally operating a bitcoin to cash exchange business. According to the U.S. Department of Justice (DOJ), the man, Hugo Sergio Mejia, 49, operated the unregistered exchange business between May 2018 and September 2020. Accordingly, Mejia now faces “a statutory maximum sentence of 25 years in federal prison” once he pleads guilty. In a statement announcing the charges, the DOJ says Mejia had, as part of his plea agreement, admitted that he had not “registered his business with the FinCEN.” The

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Elon Musk Supports Bitcoin, Says BTC on the Verge of Broad Acceptance

Spacex and Tesla CEO Elon Musk has clarified his position on bitcoin and dogecoin. He confirmed that he supports bitcoin, stating that it is “a good thing.” Admitting that he is late to the game on bitcoin, Musk said that he should have bought some eight years ago when his friend fed him a slice of a bitcoin cake. Elon Musk Confirms He Supports Bitcoin In an interview on The Good Time Show via the Clubhouse app Sunday night, Spacex and Tesla CEO Elon Musk talked about bitcoin and dogecoin. “I’ve got to watch what I say here because some

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Rockstar and Kiss Bassist Gene Simmons Tells Fans He Bought Bitcoin and Other Cryptocurrencies

In September of 2020, the frontman for the rock band Kiss, Gene Simmons, tweeted a cryptic message about bitcoin with one of the cofounders of the Gemini crypto exchange. Then on Sunday, the Kiss singer tweeted to his 900k Twitter followers that he bought “bitcoin, ethereum, litecoin, and others.” The bassist and co-lead singer of the classic rock band Kiss discussed cryptocurrencies on Twitter on Sunday, after a few months ago when he tweeted about the subject with Cameron Winklevoss last September. His tweet at the time simply said “I will. I am,” in response to a Twitter discussion about

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Halving & Burns on BitGesell – the Optimal Combination for Scarcity and Value in the Crypto Age

BitGesell represents a deflationary cryptocurrency that closely resembles bitcoin, but comes along with a few design changes. Its value proposition stems from Silvio Gesell’s financial market philosophy, who imagined monetary units that lose their value over time through demurrage. To keep things simple, BitGesell achieves scarcity through the means of accelerated block reward halvings and transaction fee burns. The Dawn of the Crypto Age & Replacing Outdated Fiat Over the last few years, the worldwide financial system has continuously lost its legitimacy, thereby positioning itself on the path to collapse. The key reason behind this downfall consists of monetary devaluation

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Alphabit Digital Currency Fund Deploys Initial Investment in Stratis Protocol and Initiates Coverage

PRESS RELEASE. Stratis’ innovative blockchain solutions have attracted the attention of the digital asset investment fund, Alphabit, who have injected an initial investment while committing to a further 8 figure investment over the next 24 months for growth and development of the BaaS ecosystem. 1st February 2020, London, United Kingdom: Blockchain as a Solution (BaaS) service provider Stratis makes decentralized adoption easier for any firm with its innovative products designed to fit seamlessly with legacy operations, by allowing companies access to the Stratis blockchain via the widely-used C# programming language. The platform allows seamless running of smart contracts, multiple sidechains,

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Ark Investment Study Suggests BTC Value Will Rise by $40,000 if All S&P 500 Companies ‘Allocate 1% of Their Cash to Bitcoin’

According to the findings of a study by Ark Investment Management (AIM), the value of bitcoin can potentially increase by $40,000 if all S&P 500 companies allocate 1% of their cash holdings to the crypto. Similarly, if all these companies were to convert 10% of cash holdings into bitcoin, the value of the crypto asset will potentially rise to $400,000. Institutional Adoption The study findings, which are based on December 1, 2020 data, seem to get validation from BTC’s price movement after Square and Microstrategy acquisitions. As on-chain data shows, the value of the crypto asset went up after the

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