Markets

Tether, the company behind USDT (US Tether), has today launched a new stablecoin called MXNT backed by the Mexican Peso. 

Finance leaders outlined the potential for the metaverse but say crypto payments “unworkable”

China accounted for 21% of the total Bitcoin hashrate in January 2022, Despite a ban on mining in the country.

The Central African Republic (CAR) is facing kickback from BEAC, the regional central bank, after it decides to adopt Bitcoin as legal currency in April.

There is now the potential to make the UK a crypto hub following enthusiastic comments from the UK treasury.

Three crypto exchange-traded funds (ETFs) were listed today, and have managed to generate over $1.3 million in total, despite market volatility

US investment bank Goldman Sachs has made Wall Street history as the first to make a collateralised Bitcoin loan to a cryptocurrency exchange.

Twitter’s board of directors has accepted Elon Musk’s offer to buy the company for $44 billion

Elon Musk has taken a 9.2% stake in Twitter, according to a US securities filing. The stake is worth $2.89bn, more than four times the 2.25% holding of Twitter founder Jack Dorsey.

Do Kwon, Terraform Lab’s CEO, has said he wants Terra to be the world’s biggest Bitcoin holder after Satoshi and aims to hold over $10 billion of Bitcoin on Terra’s books after a $135 million purchase this week.

The Digital Asset Fund Flows Weekly Report revealed that investment products for digital assets saw total inflows of $193 million last week, a level not seen since early December 2021.

To help curb the rising cost of living, the Bank of England has raised interest rates to 0.5% as inflation hits a 30-year high.