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Blockchain

Tether coming to Telegram through TON blockchain amid $11 billion wider minting spree

Stablecoin issuer Tether confirmed to CryptoSlate its expansion of US dollar-backed USDT and gold-backed XAUT stablecoins onto The Open Network (TON) blockchain, according to an April 19 statement
Blockchain

Bitcoin ETFs experience fifth consecutive trading day of outflows

Quick Take Farside data shows that on April 18, Bitcoin (BTC) exchange-traded funds (ETFs) experienced a small outflow of $43 million, marking the fifth consecutive trading day of outflows However,
Blockchain

FTX empties FTT treasury wallet, transferring assets worth over $250 million

The bankrupt FTX exchange emptied its FTT treasury account to a new wallet address on April 18 Arkham Intelligence’s dashboard showed that the transferred assets from the FTT Treasury wallet
Blockchain

Stablecoin distribution reveals liquidity patterns in DeFi

Stablecoins are the foundation of the DeFi ecosystem Given the relatively high barriers to entry for fiat currencies and the operational complexities associated with bridging Bitcoin into DeFi
Blockchain

Bitcoin soars past $65,000 as Israel-Iran sparring looks to conclude

Bitcoin’s price momentarily exceeded $65,000 as the market reacted to seemingly reducing geopolitical tensions between Israel and Iran During the past week, the crypto industry slumped amid
Blockchain

SEC claims Justin Sun’s alleged visits to US grant it personal jurisdiction to pursue legal action

The US SEC filed an amended complaint in its case against Justin Sun and other defendants on April 18, arguing that Justin Sun’s alleged visits to the US should grant it the jurisdiction
Blockchain

IMF says Bitcoin has become necessary financial tool for preserving wealth amid financial instability

Bitcoin (BTC) is increasingly serving as a critical channel for cross-border financial flows amid global financial instability, according to a new report by the International Monetary Fund (IMF) The
Blockchain

Scaramucci says Bitcoin is ‘still very young,’ predicts $200k long-term price after halving

SkyBridge Capital founder Anthony Scaramucci said that Bitcoin is “still very young” in terms of adoption and predicted significant long-term growth despite its current volatility and
Blockchain

US lawmakers’ proposed ban on algorithmic stablecoins draws industry backlash

A recent legislative bill introduced by US Senators Cynthia Lummis and Kirsten Gillibrand has drawn the crypto industry’s ire due to a proposed ban on algorithmic stablecoins Former Blockchain
Blockchain

URPD metric indicates a lack of liquidity for Bitcoin below $60,000

Quick Take Bitcoin experienced a 4% rally on April 18, bouncing back from just below $60,000 on April 17 CryptoSlate has identified $588k as a major support level — which is the short-term holder
Blockchain

JP Morgan CEO calls Bitcoin ‘Ponzi Scheme’ despite serving as Authorized Participant for BlackRock ETF

JPMorgan Chase CEO Jamie Dimon reiterated his strong skepticism toward Bitcoin on April 18, calling it a “fraud” and a “Ponzi scheme” despite the lender’s involvement in
Blockchain

Polkadot introduces JAM upgrade and 10 million DOT prize to enhance network capabilities

Gavin Wood, Polkadot’s founder, introduced the Gray Paper outlining the upcoming Join-Accumulate Machine (JAM) upgrade for the network This announcement was made during Wood’s
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