Tether co-founder Reeve Collins is launching a decentralized stablecoin that will compete with USDT in an increasingly crowded space that is still dominated by two players. The project will debut a stablecoin called USP on Ethereum and Solana blockchains in the second half of 2025, according to Bloomberg. Pi will use smart contracts to mint…
A disturbing trend emerges in the demographic profile of pig butchering scam victims. While older adults have historically been the main targets of financial fraud, these scams now focus on younger, tech-literate individuals. The latest data reveals that those aged 30 to 49 represent the majority of reported cases. Pig Butchering Scams A 2024 study…
Rosseti Group, Russia’s power grid company, reported losses exceeding 1.3 billion rubles – which is worth around $14.2 million – in 2024 due to unauthorized cryptocurrency mining operations, also known as “black” mining firms. As per a report by state-owned news agency TASS, damages were widespread across the company’s electrical networks. Illegal Mining Strains Russia’s…
Bitcoin and gold have been on highly disparate price trajectories for the past half-year, which spells trouble for the world’s largest cryptocurrency. The yellow metal has continuously registered fresh peaks and is close to breaking above $3,000/oz for the first time ever – meanwhile, BTC has been stuck below $100,000 for most of February. Gold…
VanEck has predicted that the United States could reduce its national debt by $21 trillion in the next 24 years. The firm’s analysts believe that this could be achieved by creating a one million Bitcoin reserve over the next five years. VanEck’s Estimate According to the asset management company, a U.S. BTC reserve could slash…
The demand for bitcoin on US soil has seemingly disappeared, at least when it comes down to purchases through locally based exchange-traded funds. In fact, data from FarSide shows that February has been a particularly negative month for BTC ETFs, with withdrawals dominating most days. BTC ETFs See Mostly Outflows The launch of the 11…
The leading crypto derivatives trading platform, Bybit, has outlined potential challenges awaiting the Japanese yen carry trade in 2025 as the Bank of Japan (BoJ) implements policy changes and faces evolving economic conditions. According to the report, the yen’s status as a primary funding currency in the foreign exchange (FX) market could be questioned in…
The following is a guest article from Agne Linge , Head of growth at WeFi. Over the last few months, the crypto industry has been celebrating an evident pro-crypto shift in the US regulatory space. The optimism is well founded – the US president has his own meme coin, the SEC has already vowed to…
Ethereum’s price action has been volatile in recent weeks, but the asset encountered a significant resistance zone. With strong selling pressure likely at this level, a rejection followed by a short-term decline appears probable. Technical Analysis By Shayan The Daily Chart ETH recently found support at the critical $2.5K level and has since jumped toward…
TL:DR Pi Network finally launched its Open Network earlier this week, alongside the PI token, but its price tumbled in a classic sell-the-news event. However, it has rebounded hard in the past 24 hours following strong speculation that it will be listed by the world’s largest crypto exchange. After years and years of development, rumors,…