Announced today, leading stablecoin issuer Tether emerges with a strong balance sheet showing Bitcoin ownership of over $2.8 billion. This information was uncovered through an audit conducted by renowned audit firm BDO, as detailed in the official audit report.The audit report provides a comprehensive analysis of Tether’s financial position, including additional information about its Bitcoin holdings. Tether, famous for its stablecoin USDT, has continued to play a big role in the cryptocurrency market, facilitating trading and maintaining a peg to the US dollar.“At Tether, we look forward to a great 2024, with many new projects and products ready to go…
Author: Crypto Flexs
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Chainwire, Hanoi, Vietnam, January 31, 2024 Heroes of Mavia, the groundbreaking Web3 AAA mobile base-building strategy game, is now available on the iOS and Android app stores. This release ushers in a new era in gaming, combining the thrill of strategy gameplay with the innovative aspects of Web3 technology. After a successful three-month closed beta period that attracted a waitlist of over 350,000 and demonstrated impressive engagement statistics including 12,000 daily active users and 45,000 monthly active users, Heroes of Mavia is set to captivate the global gaming community. The game boasts an average daily play time of 24 minutes…
Stablecoin issuer rope USDT -0.10% According to its latest certification, it achieved a record net profit of $2.9 billion in the fourth quarter of 2023, with excess reserves backing tokens in circulation growing to an all-time high. This is a report conducted by BDO, a global auditing firm.Net operating income was approximately $1 billion, primarily driven by holdings in U.S. Treasury securities, with the remainder of the gain primarily related to the valuation of Tether’s Bitcoin and gold holdings during the quarter.The gains increased Tether’s excess reserves by $2.2 billion, bringing the total to $5.4 billion. The rest was used…
Following complaints from players, Epic Games says it will remove racist AI-generated images uploaded by users to the popular battle royale game Fortnite. my city.One of the features that has made Fortnite the huge online game it is today is the ability for users to create their own maps and share their playable experiences with the world. But this outlet for creativity means users can upload potentially problematic content, which is what happened here.Recently, users began discovering island maps containing crude AI-generated images that perpetuated racist stereotypes. like my city Reportedly, examples of maps include names such as “Arab Zonewars,”…
These Crypto Asset Classes Could Be Future Market Drivers: SantimentAnalytics firm Santiment suggests that artificial intelligence (AI) and real-world assets (RWA) show the potential to be future drivers of the cryptocurrency market. The company reported a surge in interest in these topics based on social media discussions. High social volume for AI and RWA signifies increased crowd interest, which is expected to be a future market driver. Santiment also listed some cryptocurrencies related to these topics. Recent market activity has led to a 30% surge in the price of Avalanche (AVAX), breaking the $35 level. This indicates a growing interest…
A new strategy is emerging in the cryptocurrency market that promises significant profits for astute investors. A renowned analyst recently shared a comprehensive guide to potentially unlocking over 100 airdrops by staking a select group of altcoins. Although this strategy is relatively untested, its potential makes it an attractive topic for investors to study and understand its practicality and expected returns. Promising airdrops for altcoins Rekt Fencer, an influential For the Celestia ecosystem, Fencer recommended TIA staking of at least 2 TIA via Keplr Wallet and MilkyWay. This strategy is designed to leverage Celestia’s network growth. “TIA Airdrops are currently…
We are very excited to announce that. Jupiter (yes) Now available on Kraken! Deposits and withdrawals take place in real time, and JUP will begin trading on Kraken on January 31st. Funding and Transactions JUP funding is in progress. Add JUP to your Kraken account by going to: fundingSelect an asset and tap deposit. Deposit JUP only on Solana. Deposits made using other networks will be lost. Do you have a JUP and Kraken account? ⤵️ JUP is tradable on Kraken and Kraken Pro using the following parameters: LegacypairPrice decimal precisionMinimum order sizeMinimum deposit amountyupUS Dollar, Eurothree108 memo: Once liquidity…
Cryptocurrency analyst Santiago Santos recently said: Solana and the Ethereum Network. As part of his analysis, Santos suggested that: Solana It was advantageous compared to EthereumHe believes that the former could soon catch up with the latter. Solana’s recent run is similar to Ethereum’s ICO boom. Santos mentioned by X (formerly Twitter) post Solana is “going through what Ethereum went through during the ICO boom.” But unlike back then, when it was just a white paper, Solana has applications that are showing meaningful usage and growth, the analyst added. This is one of the reasons Santos believes Solana will “converge…
Posted 1 minute ago In ~ Celsius Network said Wednesday it has begun distributing $3 billion worth of cryptocurrency and fiat to creditors after formally resolving Chapter 11 bankruptcy 18 months after suspending user withdrawals. As part of ‘Celsius’ Approved Reorganization PlanAccording to Wednesday, some of the $3 billion will be allocated to establishing Ionic Digital, a new Bitcoin mining company owned by creditors. name.Celsius creditors will own the mining company through common shares, which are expected to be publicly traded once the company secures the necessary approvals. Hut 8, a Miami-based mining company, will oversee Ionic’s mine operations under…
In an emotional video posted to his personal YouTube channel, Armstrong said his daily show discussing cryptocurrency trends was no longer financially viable and was costing him $25,000 a week to produce. He said he was spending “about $100,000 a month” in legal fees.