Tether Confirms Slashing of Commercial Paper Holdings
BDO Italia said that Commercial Paper Holdings had dropped by 58% to $8.5 billion at the end of the last quarter. BDO Italia has confirmed stablecoin issuer Tether’s consolidated reserves report, which showed a 58 percent quarterly drop in commercial paper holdings to $8.5 billion as of June 30.Tether also confirmed that it still expects […]
The Philippines central bank warns against transacting with foreign exchanges
The Central Bank of the Philippines issued a warning to the populace, advising them against conducting any business with unregistered or foreign crypto exchanges. Although the announcement itself doesn’t sound ominous, when considered in the context of related occurrences, it turns In the Philippines, pressure on cryptocurrencies is rapidly increasing. a country of 112 million […]
MTV introduces new category award – ‘Best Metaverse Performance’
The 2022 MTV Video Music Awards (VMAs) now include a new category the “Best Metaverse Performance” category with Six metaverse musical acts up for nomination. The MTV awards ceremony originally debuted in 1984 as a prestigious way to recognize excellence in music videos. Famous musicians who have won VMAs in the past include Madonna, Nirvana, […]
Crypto market losses over $500M in liquidations in 24 hours
The crypto market experienced a significant decline on Friday, which caused major cryptocurrencies to lose crucial support and drop to new monthly lows with BTC price crashing below $22,000. Last week, Bitcoin (BTC), which was trying to overcome the $25,000 resistance, dropped under $22,000, setting a new two-week low of $21,747. The second-largest cryptocurrency, Ether […]
Hodlnaut cuts off staff size by 80%
Troubled cryptocurrency lending platform Hodlnaut stated it is cutting down its staff size by a whooping 80% owing to poor financial condition. The catastrophic situation was revealed on August 19 by Hodlnaut, which provides interest-bearing bitcoin investment alternatives in verified institutions. High withdrawal volumes, the general decline in cryptocurrency markets , and losses incurred by […]