Tether, the issuer of the first USDT stablecoin by capitalization, has released its results for the first quarter of 2023. According to the report, the company’s net profit amounted to $1.48 billion. The total assets of the company reached $81.8 billion, of which about $2.44 billion was declared as excess reserves to support the liquidity of the USDT stablecoin. Most of Tether’s reserves are in US Treasury bills, according to audit firm BDO Italia. In

The author of the best-selling book Rich Dad Poor Dad told his 2.4 million Twitter followers that the sharp increase in the one-month Treasury bill’s yield indicates recession times are likely ahead. Robert Kiyosaki believes that bitcoin and precious metals are the best escape from such instability. “One-month Treasury bills are up 100 basis points. Does this mean that the global banking system is collapsing? .. Here are the experts who recommended one-month treasury bills

Well-known investor and head of Berkshire Hathaway Warren Buffett said that the loss of people’s confidence in the dollar does not mean that bitcoin will become a global reserve currency. Buffett answered a question about the current de-dollarization trend and warned about the extent to which the US is printing money. “Forget about all the toys. Thinking about any tokens is a joke, it’s crazy. But it’s also crazy to just keep printing money,” he

Another “hype token-meme” PEPE continues to gain momentum – the token exchange rate has grown by 45% in a day, and its capitalization has exceeded $1 billion. At the same time, the token contract has an address blocking function. Yesterday, the token was trading at $0.0000022, and on the evening of May 5, the price reached $0.0000042, that is, the growth was almost 100%. Now, however, the rate has slightly decreased and is $0.0000033. However,

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The developers of the decentralized exchange Curve Finance announced the launch of the crvUSD stablecoin on the main Ethereum network. Smart contracts for the functioning of the token have already been successfully deployed, but the user interface for working with them is not yet ready and is under development. “As many have seen, we have already deployed crvUSD smart contracts. However, the process is not yet complete as the user interface needs to be deployed.

According to Santiment’s April reporting data, large bitcoin investors increased their asset holdings in the first cryptocurrency by 64,000 BTC (about $1.8 billion). In their report, Santiment analysts note that bitcoin whales set their sights on replenishing BTC reserves, despite the opinion that the final direction of the asset’s price movement has not yet been formed. Large investors still adhere to the belief about the prospect of growth in BTC. Illustrating their observations, Santiment experts

According to CertiK, a cybersecurity and audit company, over $103 million was stolen from crypto projects in April as a result of hacker attacks. CertiK specialists published on Twitter a report on exploits, cases of fraud and hacking of cryptocurrency platforms. Since the beginning of the year, the total losses of users amounted to $429.7 million, but April was especially overshadowed by major incidents. So, at the very beginning of the month, the attacker carried

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Venture capital investments in crypto projects in Florida’s capital city decreased by 92% in the first quarter of the year, while funding for start-ups from Silicon Valley fell by 53%. According to observers, the fall in investment interest in crypto-currency projects in Miami was partly due to the slowdown and scandals in the crypto-currency industry in the United States. Which was once so strong in Miami that the city installed a version of the charging