Tether stablecoin is fully backed, says new assurance report
Tether’s reserves for its USDT stablecoin exceed the amount required to redeem the digital asset tokens, according to auditing firm Moore Cayman. Go to Source Powered by WPeMatico
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PayPal to start letting US customers pay in Bitcoin at global merchants
A checkout service will be implemented which waives transaction fees for purchases made using crypto, PayPal’s president and CEO confirmed. Go to Source Powered by WPeMatico
Ripple acquires stake in cross-border payments firm
Ripple has agreed to acquire a 40% stake in cross-border payments firm Tranglo to further expand its ODL service in Southeast Asia. Go to Source Powered by WPeMatico
90% of Bitcoin mining comes from ‘dirty energy,’ Miami mayor says
The U.S. should address the environmental problems of Bitcoin mining by providing its clean energy to set up mining hubs, Mayor Francis Suarez said. Go to Source Powered by WPeMatico
Former OCC official says crypto has backing but dollar ‘may not’
Former OCC acting comptroller Brian Brooks claimed that cryptocurrencies like Bitcoin “actually are backed by something.” Go to Source Powered by WPeMatico
Cathie Wood: BTC investors shouldn’t transact until tax code changed
Selling or transacting your Bitcoin isn’t worth the tax burden, according to the CEO of Ark Invest. Go to Source Powered by WPeMatico
Texas chases after Wyoming with crypto law proposal, but challenges remain
Will Texas follow in Wyoming’s footsteps to become the next crypto-friendly U.S. state? Go to Source Powered by WPeMatico
CBOE keen to meet high demand for crypto from retail, institutions, says CEO
Ed Tilly, the CEO of Cboe Global Markets, says that the Chicago-based exchange holding company hasn’t “given up on” crypto, despite earlier setbacks. Go to Source Powered by WPeMatico
Microsoft Is Surveying Its Xbox Users About Adding a Bitcoin Payment Option to the Store
The tech giant seems to be changing its stance on being more friendly with the cryptocurrency sphere amid the current hype. Microsoft has been asking its Xbox gaming console users about the possibility of implementing payment methods, such as bitcoin. The Poll Is the First of Its Kind Released by the Tech Giant With Crypto … Read more
Elon Musk says Tesla now accepts Bitcoin from US customers
Tesla initially hinted at accepting Bitcoin for payments in an SEC filing earlier this year. Go to Source Powered by WPeMatico