As part of its expansion into mining, Tether cited Uruguay’s capability of generating 94% of its electricity from renewable sources, including wind and solar. Stablecoin issuer Tether has announced it will be launching Bitcoin mining operations in Uruguay. In a May 30 announcement, Tether said it planned to start a mining arm in the South...Continue Reading

BTC price action sees weakness a day from the May monthly close, with Bitcoin analysts closely monitoring bid liquidity. Bitcoin (BTC) fell into the May 30 Wall Street open as the return of United States equities failed to boost performance. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView Bitcoin pauses into monthly close Data from...Continue Reading

Cross-chain interoperability protocol LayerZero’s infrastructure aims to drive liquid staking adoption across the DeFi ecosystem. Layer-1 blockchain Tenet is set to see its liquid staking derivatives platfrom plug into a cross-chain decentralized finance (DeFi) ecosystem through a partnership with omnichain messaging protocol LayerZero. Tenet has plugged into LayerZero’s cross-chain protocol to access the wider DeFi...Continue Reading

The Lone Star State has become one of the hottest points on the U.S. map in terms of crypto regulation. In late April, over a hundred people gathered near the Texas Capitol building to protest.  Peaceful protests in the United States are not uncommon, but what made this one unique was that its participants were...Continue Reading

Every year countries are pressured to ramp up their climate change commitments at the COP conference — and Bitcoin mining is an easy target. Each year at the annual UN Climate Change Conference (COP), individual countries are pressured to ramp up their emissions reductions promises and showcase evidence they are taking steps to meet them....Continue Reading

The key to unlocking this transformation and propelling the industry forward lies in embracing the regenerative economy. The TradFi mindset is holding crypto back  The constantly evolving ecosystem of decentralized finance (DeFi) has emerged as a groundbreaking and experimental alternative to traditional finance (TradFi), demonstrating immense potential while simultaneously facing a myriad of challenges.  Paradoxically,...Continue Reading

On-chain analytics platform Spot on Chain reported that Wintermute sold the tokens at $1.63 per OP. Decentralized finance (DeFi) platform Wintermute has transferred its Optimism (OP) tokens to a Binance exchange wallet ahead of the upcoming unlock that’s scheduled to release $587 million worth of tokens into the market.  On May 31, 386 million OP...Continue Reading

The number of Ordinals has grown from one to 10 million in less than six months. The number of Ordinals inscriptions on the Bitcoin (BTC) network has surpassed the 10 million mark, just days after its creator stepped down as the project’s caretaker. On May 28, Casey Rodarmor announced on Twitter he had stepped down...Continue Reading

CZ highlighted examples such as regulatory complexity and capital requirements as reasons why he isn’t keen on Binance buying a bank. Binance CEO Changpeng Zhao says the firm is unlikely to buy up any banking institutions, despite a growing worry of crypto companies being debanked, including Binance’s own operation in Australia. The collapse of several...Continue Reading

One Bitcoin can be bought for the equivalent of $22,000 on Binance Australia if paid using Australian dollars. The problem is getting the funds there. Bitcoin (BTC) is trading hands at a hefty discount on the Australian branch of the Binance crypto exchange, with the price of Bitcoin down as much as 21% if traded...Continue Reading