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As per the official report published on May 18, Tether, the issuer of the world’s most used stablecoin, USDT, has cut 17% of its commercial paper holdings and increased United States Treasury bills with this reserve amount to back its stablecoin, USDT. Tether made the reduction over Q1 2022 and
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Quick take: Tether’s CTO has stated that the company has reduced its holdings of commercial paper and increased its US Treasuries as reserves for USDT Tether also announced that the USDT stablecoin had stood the test of time USDT also suffered depegging this week as stablecoins were in the spotlight after UST’s and
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Summary: El Salvador’s Bitcoin holdings have lost value by roughly $40 million This amount is almost equal to El Salvador’s next coupon payment on its debt for the month of June, worth $38.5 million However, President Bukele has an 85% approval rating President Bukele also shared plans for the country’s Bitcoin City El Salvador’s Bitcoin
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Asia Broadband, Inc. (OTC:AABB) is a resource company centered around the production, supply, and sale of metals, focusing primarily on Asian markets. They acquire highly prospective gold projects in Latin America and then distribute production throughout their extensive global sales network. Asia Broadband currently holds over $100 million in assets, a
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PXN: Ghost Division disrupts Yuga Labs’ NFT dominance. Original Source
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The company's 129,218 bitcoins held at the end of March 31, 2022, were acquired for $3.97 billion, reflecting an average cost per bitcoin of approximately $30,700, the company reported. At bitcoin’s current price of about $37,662, the value of those holdings is approximately $4.9 billion. Source
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Business intelligence firm MicroStrategy said it will consider opportunities for yield generation on 95,643 “unencumbered” Bitcoin (BTC) held by its subsidiary MacroStrategy.In MicroStrategy’s report for the first quarter of 2022 released on Tuesday, the firm said it “may conservatively explore future yield generation opportunities on unencumbered MacroStrategy bitcoins” as a
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Bitcoin (BTC) prices could drop by 20% in the next few months, but that has not deterred its richest investors from stacking.The amount of Bitcoin held by "unique entities" with a balance of at least 1,000 BTC, or so-called "whales," has increased to its best levels since September 2021, data
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By Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock Bitcoin continues to look bullish from an on-chain perspective as whale holdings have risen to its highest since
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