USDT aims to offer a lifeline to inflation-stricken nations: Tether CEO

Unlike other stablecoin issuers, Tether says it is focused on offering stablecoin services to the world’s unbanked, which amounts to over 300 million people. The main purpose of the world’s largest stablecoin, Tether USD (USDT), is to help people in inflation-stricken economies protect their purchasing power, according to Tether CEO Paolo Ardoino. In an exclusive […]

Crypto community triumphs: Token2049 attendees brave Dubai storms

Ava Labs founder Emin Gün Sirer said that while there were challenges, it was “worth it” because of the energy the crypto community brought. Despite the difficulties faced by crypto community members who flew to the United Arab Emirates because of the Token2049 event, the number of attendees who persevered surprised community leaders who came […]

DeFi platform Hedgey Finance hit by $44 million exploit

Over $500 million worth of digital assets were lost to hacks and exploits in Q1 2024. Hedgey Finance, a token infrastructure platform, has suffered two parallel exploits amounting to a total of $44.7 million worth of lost funds. Hedgey suffered an exploit worth over $42.8 million Arbitrum (ARB) tokens on the Arbitrum network, according to […]

Data Ownership Protocol (DOP) Partners With Bitcoin.com to Pioneer Data Sovereignty in Crypto

Integration Promises Enhanced Privacy for Bitcoin.com Wallet Users Bitcoin.com, a leading platform for cryptocurrency users, announces its strategic partnership with the Data Ownership Protocol (DOP) to empower users with unprecedented control over their data within the Bitcoin.com ecosystem and beyond. This collaboration marks a significant milestone in the quest for data sovereignty in the crypto […]

Bitcoin Miners Ramp Up Hashrate as Halving Nears, Network Hits 653 EH/s Record

Just before the upcoming block reward halving, with only 72 blocks left until reaching block height 840,000, bitcoin miners have significantly boosted their hashrate. As of 8:50 a.m. EDT on April 19, 2024, the hashrate soared to a record 653 exahash per second (EH/s). Bitcoin Hashrate Achieves New High as Halving Approaches Just hours ahead […]

Opinion: Why there will never be another Bitcoin

By Pete Rizzo, Kraken Editor at Large Pete Rizzo is a leading Bitcoin Historian and author of over 2,000 articles on cryptocurrency. He is also an Editor at Bitcoin Magazine. The views and opinions expressed in this article are those of the author and does not necessarily reflect the views of Kraken or its management. […]

Trading for JUP, W, WIF and more starts now in the United Kingdom

We’re thrilled to announce that Bonk (BONK), Dymension (DYM), Jito (JTO), Jupiter (JUP), Polygon Ecosystem Token (POL), Wormhole (W) and Dogwifhat (WIF) are now available on Kraken for residents in the United Kingdom! Funding and trading BONK, DYM, JTO, JUP, POL, WIF and W funding and trading are live. Add your token to your Kraken […]

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 $4.3 million, marking the fifth consecutive trading day of outflows. However, this was the smallest outflow among the previous five trading days, suggesting a potential shift in sentiment. Farside data reports that Grayscale GBTC saw outflows […]

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. The move aims to enhance the utilization of stablecoins for cross-border and peer-to-peer transactions among the 900 million users of the TON-related Telegram messaging application. According to […]