Tether released its attestation for the first quarter of 2021 today The assurance opinion conducted by accounting firm BDO revealed Tether made its highest net profit of $4.52 billion  USDT stablecoin issuer Tether Holdings has revealed a record net profit of $4.52 billion in the first quarter of 2024. The firm also released additional information on its reserve allocations as of its latest attestation on March 31, 2024. This report is significant because it would be the first time Tether has unveiled its net equity of $11.3 billion. According to the quarterly report, the assurance opin ..read more

Backed, a major player in the tokenization of real-world assets (RWAs), recently completed a new funding round. The event resulted in an investment of $9.5 million for the company. Result of Backed’s Latest Funding Round Tokenized real-world asset issuer Backed just raised $9.5 million in its latest funding round. The event was facilitated by Gnosis and participated in by renowned venture capitalists, including Exor Seeds, Mindset Ventures, Stake Capital Ventures, Cyber Fund, Blockchain Founders Fund, Nonce Classic, and Blue Bay Capital. According to the company’s press release last April 30 ..read more

Berlin, Germany, May 1st, 2024, Chainwire The Nektar Network is excited to announce the commencement of Epoch 1 for Nektar Drops, beginning today, May 1, 2024. This new phase is dedicated to acknowledging and recording the contributions of our community members through daily Nektar Drops, which can be earned by participating in predefined activities within the Nektar ecosystem. This epoch will conclude on June 1, 2024, or when the network reaches a total value locked (TVL) of 250,000 ETH. Participants in Epoch 1 will have the opportunity to earn Nektar Drops by engaging with several pre-launch ..read more

Changpeng “CZ” Zhao was handed a four-month prison term for one count of anti-money laundering violation. The former Binance CEO provided a glimpse of his plans via a social media post before his incarceration. The Sentencing of Changpeng Zhao The court battle of former Binance CEO Changpeng Zhao finally ended with a four-month prison sentence and a $50 million fine. This comes following the guilty plea he submitted last year for violation of the US anti-money laundering law. The verdict somewhat came as a bittersweet victory because it allowed Zhao to dodge the three-year sentence motioned ..read more

Gitcoin, the popular platform for open-source software development, recently rolled out a revamped scoring system for its Gitcoin Passport.  However, the new algorithm sparked discontent among users, leading to heated discussions within the developer community. Guys, check your Gitcoin passport score again. Come here and cry with me? — Degengod (@0x_degengod) April 23, 2024 Gitcoin Passport New System Discriminates Against Non-Coding Community The Gitcoin Passport, which previously served as a reputation score for contributors, underwent significant changes. The goal was to create a ..read more

Tortola, BVI, May 1st, 2024, Chainwire World of Dypians (WOD) – an immersive, revolutionary MMORPG available on Epic Games, is on an exclusive list of top-tier projects participating in BNB Chain’s Airdrop Alliance Program, chapter 2. The metaverse platform announced it offers up to 1,000,000 WOD tokens and $225,000 in Premium Subscriptions as rewards for eligible users across all its 4 campaigns, which are spread across May and June. What is the Airdrop Alliance Program on the BNB Chain? BNB Chain has started the Airdrop Alliance Program in collaboration with handpicked, high-profile projects ..read more

Let’s explore what could happen if Bitcoin (BTC) suddenly replicates the price movements of its past halving cycles over the current epoch. This reveals a $100K scenario but also displays absurd price levels in the millions. Bitcoin just underwent its fourth halving on April 20 this year. This deflationary mechanism in its decentralized model slows the rate at which new coins are created by 50% every four years or each 210,000th block height until its supply cap of 21 million BTC is reached. So far, each instance has catalyzed a series of all-time highs (ATHs) for the digital asset. As they ..read more

Dogecoin (DOGE) lost 10% in the last 24 hours. The OG memecoin shed off roughly 40% of its value from April to May. Dogecoin has fallen more than 10% in the 24-hour chart today as it trades in a critical zone at $0.12 around 4:00 AM UTC. This is the lowest for the OG memecoin by far in the seven-day and one-month frames as it lost 19% and 39% of its values on the said brackets. On a one-year range, the price of DOGE is still up by over 64% but is now cruising way below the $0.22 territory it reached between the end of March and the start of April this year. The same level, by the way, is the ..read more

A bill protecting fundamental Bitcoin rights has scaled through the Oklahoma House and Senate The bill which now awaits the governor’s signature will provide the right to self-custody, mining, running a full mode, and other benefits A bill to protect fundamental bitcoin rights has passed the Oklahoma House and Senate, marking a significant win in the crusade for crypto adoption and establishing a favorable framework for its use across the United States.  Announcing the legislative win, Dennis Porter, CEO of a top Bitcoin advocacy non-profit Satoshi Act Fund, said the bill, once signed b ..read more

BSV Blockchain announces the public beta version rollout of its SPV Wallet. The open-source, non-custodial wallet was developed and hosted by the BSV Association in Switzerland. BSV Blockchain is pleased to announce that its new SPV Wallet is now available to the public following a private beta period. https://t.co/qkNu4FHuQm — BSV Blockchain (@BSVBlockchain) April 29, 2024 BSV Blockchain’s SPV Wallet Launch BSV Blockchain launched the public beta version of its new Simplified Payment Verification (SPV) Wallet on Monday, April 29, after successfully passing its private beta phase. Accordi ..read more