You must have heard about the name Tether if you are well-versed with the cryptocurrencies that are available in the present crypto world. It is a coin just like any other cryptocurrency like Bitcoin, Litecoin, Ethereum, Ripple, and Stellar. Many people even treat it like money. But the interesting point about Tether is, it is stable. Yes, the main issue with cryptocurrencies is they are volatile and fluctuating. Tether is pegged with the US dollars and so it is not highly volatile.
The U.S. Securities and Exchange Commision (SEC) has been granted an extension to submit a discovery schedule relating to individual defendants Brad Garlinghouse (CEO) and Chris Larsen (co-founder) as part of the case against Ripple Labs.
The Japanese social media and messenger software firm Line Corporation has announced the company is introducing a non-fungible token (NFT) marketplace on April 13. Line detailed on Wednesday that the market will be called “LINE NFT” and it will showcase “more than 100 types of NFTs.”
Bitcoin of America is a popular virtual currency exchange, registered as a money services business with the United States Department of Treasury (FinCEN)(RegNum). Apart from ensuring a fast and hassle-free transaction, they are known for their customer support. Bitcoin of America has announced their newest addition to their Bitcoin ATM machines (BTMs). Dogecoin is now available at Bitcoin of America ATM locations.
Cardano (ADA) has been showing strength over the last week making strong moves to the north. The native ADA cryptocurrency is trading 14% up and is currently trading at $1.10 with a market cap of $36.9 billion.
The President of the European Central Bank, Christine Lagarde has reiterated warnings that Russian individuals and businesses are using cryptocurrencies to skirt sanctions.
The Fed initiated its first hiking cycle since 2015 last week. The added clarity around the future hikes looks to have been a positive stimulus with risk markets, including crypto, rallying on the news. The moves are also likely influenced by more institutional adoption with Ray Dalio’s Bridgewater Associates (the world’s largest hedge fund) reportedly preparing to invest in crypto.
Big 4 bank ANZ has become the first Australian bank to mint an Australia dollar (AUD) pegged stablecoin named “A$DC.”