CRYPTO

By Zoltan Vardai of CoinTelegraph

Tether, the issuer of USDT — the world’s largest stablecoin — has minted over $1.3 billion worth of stablecoins since the market bottom, as investors prepare to buy the dip.

Tether’s treasury has printed over $1.3 billion worth of USDT since the market bottomed on Aug. 5. The $1.3 billion was transferred to some of the most popular centralized cryptocurrency exchanges — including Kraken, Coinbase, OKX and Bullish — according to an Aug. 9 X (more…)

Authored by Martin Young via CoinTelegraph.com,

Donald Trump Jr. has announced plans to launch a new decentralized finance (DeFi) cryptocurrency platform to address inequality in banking access. However, the platform is still in the early stages and will take some time to become a reality.

During a Q&A session on subscription-based platform Locals on Aug. 8, Donald Trump Jr, the eldest son of presidential candidate and former President Donald Trump, said he wasn’t (more…)

Authored by Nik Hoffman via BitcoinMagazine.com,

Russian President Vladimir Putin has officially signed a law that legalizes cryptocurrency mining in Russia.

According to a report by Russian news agency TASS, the law introduces several key concepts, including digital currency mining, mining pools, and mining infrastructure operators.

Mining activities are now recognized by Russia as part of turnover rather than the issuance of digital currency.

The new (more…)