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Grayscale’s outflows slow as investor interest in altcoins like Solana, Polkadot rises
Inflows into the Newborn Nine ETFs fell by more than 50% during the past week to $126 million from $254 million, according to CoinShares weekly report. Per the report, these reduced inflows contributed to the third consecutive week’s outflow of $435 million—the largest outflow since March—that major crypto-related investment products recorded during the week. Grayscale…
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Circle’s USDC overtakes Tether’s USDT in stablecoin transactions: Visa
Despite Circle’s rising transaction count, Tether’s USDT still accounts for over 68% of the entire stablecoin market. Circle’s USDC (USDC) has overtaken the world’s largest stablecoin, Tether’s USD (USDT), in stablecoin transactions, in a surprising turn of events.USDC saw 166.6 million transactions in April 2024, overtaking USDT’s 163.6 million monthly transactions, according to on-chain analytics…
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Tether Buys $200M Majority Stake in Brain-Computer Interface Company Blackrock Neurotech
The investment will fund the roll-out and commercialization of the company’s medical devices.
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Omnity rolls out integration for no-fee Runes trading
Omnity protocol is launching an integration for trading of Rune tokens without gas or transaction fees. Omnichain protocol Omnity has launched an integration that promises the trading of Rune tokens without gas or transaction fees or clogging the Bitcoin network.According to the protocol, the integration is based on Internet Computer Protocol’s chain fusion technology, which…
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Crypto Banking Firm BCB Group Secures Digital Asset and Electronic Money License in France
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CZ Sentencing Letters Paint Former Binance CEO as Devoted Family Man, Friend
More than 160 of Changpeng “CZ” Zhao’s loved ones, friends and colleagues have written to a Washington judge ahead of the Binance founder and former CEO’s sentencing tomorrow, asking for leniency and painting a picture of Zhao as a devoted father and friend, and a “geeky” tech nerd who shuns luxury purchases despite his immense…
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Stablecoin firm Tether invests $200M in neurotech company
Tether’s brand new venture capital division Tether Evo has completed a $200 million strategic investment in the neural implant firm. Tether — the operator of the eponymous Tether (USDT) stablecoin, the world’s largest stablecoin by market value — has completed a major investment following restructuring of its business.On April 29, Tether announced a strategic investment…
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Bitcoin Runes fees surpass 1,200 BTC as miners reap rewards post-halving
Bitcoin miners are reaping the benefits of Runes after the halving, with skyrocketing transaction fees lessening the impact of reduced block rewards. Bitcoin miners have enjoyed a reprieve from the anticipated supply shock of reduced block rewards as the implementation of Runes sends transaction fees sky-high.Two of the biggest mining firms operating in the United…
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Google says no 'straight line' between generative AI and unemployment — for now
A new study published by Google highlighted the economic repercussions of generative AI and its probable influence on employment trends and workforce dynamics. Google says that it has found no “straight line” between the spread of powerful technology such as artificial intelligence (AI) and unemployment, according to a new study. On April 25, the Big Tech…
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Crypto on track to hit 1 billion users by end of 2025: Analyst
More conservative estimates, from the likes of the Boston Consulting Group, predict that the crypto industry will reach its first billion users by 2030. The cryptocurrency industry could reach its first billion users by the end of 2025, according to Bitcoin analyst Willy Woo.Woo wrote, in an April 29 X post:Woo’s chart is the first…
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