Tether lacked sufficient funds to support USDT supply
Tether (USDT), the biggest stable coin cryptocurrency, has lately faced a barrage of negative press. Allegations have resurfaced that the stablecoin's reserves, which are meant to be backed…
El Salvador will construct a $4 million veterinary hospital with proceeds from a Bitcoin trust
President Nayib Bukele of El Salvador stated that no Bitcoin will be sold to fund the investment, instead, the state will use USD from its Bitcoin trust
Salvadoran President Nayib Bukele…
Weekly Report (4- 10 Oct. 2021) | What Happened This Week In Crypto
This Report will provide you with some important and quick news of cryptocurrencies that happened around the world.
1. BitZ Announces Closure As The Crackdown Continues
In the midst…
BlockFi Submits a Proposal for a Bitcoin Futures ETF
BlockFi filed to sell a bitcoin futures exchange-traded fund (ETF) on Friday, joining a competition that industry analysts predict could reach a fever pitch in the coming weeks.
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Vitalik Buterin Criticizes El Salvador’s Policy on Bitcoin Adoption
The Ethereum co-founder termed people who lauded the action blindly "reckless." President Nayib Bukele of El Salvador has received recurrent international criticism for his strongman style…
BitZ Announces Closure as the Crackdown Continues
In the midst of yet another big crypto crackdown in China, Bitz, a four-year-old Chinese exchange, has ceased operations. Bitz, a cryptocurrency exchange that operated for four years and…
Chingari raises $19 million to create a social token
Chingari, an Indian short-form video sharing platform, announced the successful completion of a $19 million token sale on Friday. Additionally, the company intends to create its own social…
Sri Lanka establishes a commission to oversee crypto mining and blockchain implementation
The committee intends to provide a framework that is appropriate for Sri Lanka after analyzing foreign market rules. Sri Lanka has joined the global cryptocurrency adoption push by…
Alex Krüger Crypto Analyst Explains Why ‘Newcomers Always Choose $ADA’
On Saturday (October 9), renowned macroeconomist and crypto analyst Alex Krüger discussed one of the primary reasons for Cardano's native coin $ADA's appeal among new retail investors…
George Soros’s Fund Makes a Surprising Bitcoin Bet in the Face of Massive $500 Billion
Bitcoin and cryptocurrency prices have exploded this week, adding a staggering $500 billion to the overall crypto market capitalization in only a few days.
Bitcoin's price has increased…
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