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On Wednesday, Tether (USDT), the issuer of the U.S. dollar-pegged USDT stablecoin, said that a recent order by a U.S. judge to provide evidence of USDT backing is part of routine discovery in court cases. The firm said that the decision did not substantiate any of the claims listed in
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The order relates to an ongoing lawsuit that alleges that unbacked USDT issuances have caused $1.4 trillion in damage to the market. Source
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Following Bitmain’s product introduction of two new application-specific integrated circuit (ASIC) bitcoin mining rigs, the mining devices manufacturer Microbt has announced the launch of two new miners as well. Revealed during the Bitcoin 22 conference in Miami, Microbt showcased the company’s new Whatsminer M50 series, which offers hashrate speeds of
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Intel played a big role in President Biden ’s State of the Union address. He highlighted the company’s plan to manufacture semiconductor chips in Ohio, and said, “Make more cars and semiconductors in America. More infrastructure and innovation in America.” Was he secretly approving Intel’s plan to produce ASIC bitcoin
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Following a slew of well known brands filing trademarks for metaverse related products and virtual goods, the American fast food firm founded in 1940, McDonald’s, has filed for ten trademark applications that describe plans to offer virtual restaurants and other digital-based products. 10 McDonald’s Trademark Filings Discovered Mention Digital-Based Products Like
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Cardano inventor and IOG CEO Charles Hoskinson has celebrated the production of the platform’s first “quantum block”. Created by Cardano’s stake pool called Onyx, the operator claimed to have successfully used an algorithm on the IonQ quantum computer. The stake pool operator has set out to use this technology to give
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The partnership deal with Geely goes beyond the production of cars. In this new venture, Baidu will take full control or absolute power and the majority stake of the company. Baidu Inc (NASDAQ: BIDU), a Chinese Search heavyweight has announced to move from the production of mere software to the production
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Cameron and Tyler Winklevoss will help produce a film based on the best-selling book that featured their entrance into the world of bitcoin. As reported by Deadline on Monday, the twins will work with Stampede Ventures to turn “Bitcoin Billionaires” by Ben Mezrich into a movie. Stampede is an entity
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Bitcoin is down more than 5% from the $7,470 swing high against the US Dollar. BTC is now trading near a crucial support at $6,700 and the 100 SMA (H4).Bitcoin started a fresh decline from the $7,470 monthly high and traded below $7,000.There is a crucial support forming above $6,700
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Telegram has been ordered by a judge to hand over financials concerning its $1.7 billion initial coin offering (ICO). District Judge P. Kevin Castel of the New York Southern District Court ordered Telegram to respond by the end of day Friday following a request Thursday by the U.S. Securities and Exchange
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