Tether affirms that it will support post-Merge Ethereum
According to Tether, a seamless transition is crucial for the DeFi ecosystem’s platforms, including those that use their tokens. Stablecoin juggernaut Tether has now formally confirmed its support for Ethereum’s forthcoming Merge upgrade and conversion to a Proof-of-Stake (PoS) consensus mechanism-based blockchain, after an official announcement by USD Coin (USDC) issuer Circle Pay. The announcement […]
Iran makes $10M import with crypto, aims ‘widespread’ use by Sept
Iran has been compelled to adopt crypto as a means of exchange for international trade agreements as a result of ongoing economic sanctions against the Islamic regime. Iran has made its first international import order worth $10 million in cryptocurrencies, according to a top government trade official, despite being subject to decades of economic restrictions. […]
Ripple exec says DeFi needs ‘killer app’ to advance to next level
According to the head of DeFi markets at Ripple Lab, a “killer app” for consumers is what will be required to advance the decentralized finance (DeFi) industry to a point where it attracts a wide audience. The future of decentralized finance (DeFi) and what needs to be done to promote widespread adoption were questions that […]
Glassnode: BTC and ETH derivatives gain despite crypto winter
A new Glassnode letter reveals a surge in the derivatives market and a more upbeat outlook among traders of bitcoin and Ethereum. Glassnode’s latest research reveals that there is considerable investor interest in trading BTC futures markets and hoarding their ETH bags, despite the fact that the bitcoin price has been trading sideways with a […]
Institutions rush to Ethereum as Merge approaches: Report
Institutional investments in Ethereum products have increased as a result of “more clarity” surrounding the Merge, according a CoinShares research. According to the most recent CoinShares report, institutional investors are pouring money into Ethereum based digital asset funds, which have seen positive inflows for seven consecutive weeks. Last week, said inflows were $16.3 million, bringing […]