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The hedge fund Fir Tree Capital Management’s investors claim it has developed a method to short the stablecoin tether. A report notes that “clients of the firm” said the potential to reap big rewards from shorting the world’s largest stablecoin is great. Investors Say Hedge Fund Devised a Method to Short Tether, Fir Tree Bets … Read more
Tether CTO Paolo Ardoino claimed CBDCs would primarily replace the old-age payment systems and utilize private blockchain as a modern and cost-controlled tech infrastructure. Go to Source Powered by WPeMatico
A new fundraising platform whose objective is to help to raise funds for Ukrainians and the Ukraine military recently claimed to have raised 2 million of the stablecoin tether. Some of the donated crypto assets have been sent to the Ukrainian army and to a humanitarian fund that finances volunteers. Ukraine’s Crypto Donations Whitepay, a … Read more
The catastrophe unfolding in Ukraine will have long-lasting consequences for the crypto space, too. Go to Source Powered by WPeMatico
Whales with USDT holdings of $10,000 to $10 million added $1.06 billion worth of Tether to their wallets over the past month, increasing their buying power by 7%. Go to Source Powered by WPeMatico
Residents of the Switzerland city will be able to pay taxes, parking tickets, public services and tuition fees using crypto. Go to Source Powered by WPeMatico
The ultimate goal is to accept crypto for payment of all goods and services in the city of Lugano, the city administration said. Go to Source Powered by WPeMatico
According to reports and data stemming from ruble-denominated crypto trading pairs, Russian citizens are flocking toward cryptocurrencies amid the conflict in Ukraine. Analytical data indicates that the ruble is the sixth most traded pair with tether and tether’s fourth most traded fiat-denominated pair globally excluding two crypto assets. Report Highlights Russian Rubles Pouring Into Tether, … Read more
Pro traders often use the risk reversal options strategy to hedge their bets and profit in the case of an unexpected rally. Go to Source Powered by WPeMatico
Having already raised millions of dollars in major cryptocurrencies like bitcoin, Ukraine is now receiving donations in polkadot as well. The country intends to expand the list of accepted coins as it increasingly relies on help from the crypto community to fund its defense against Russia. Ukraine Posts DOT Address, Receives First Polkadot Donations In … Read more
