Tether Stacks More Bitcoin With Fresh 8,888 BTC Acquisition Worth $1 Billion
Leading stablecoin issuer Tether appears to have acquired another 8,888 Bitcoin (BTC), worth approximately $1 billion. On-chain analytics platform Onchain Lens confirmed the purchase in an X post earlier today. Tether Continues To Stack Bitcoin Tether, the issuer of the top USD-pegged stablecoin USDT, today purchased another 8,888 BTC, increasing its total Bitcoin reserves to […]
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The year 2021 has started off on an incredibly good note for the crypto industry as Bitcoin and others hit all-time highs. Carrying that momentum further is the revolutionary Stacks project (you may recognize it as Blockstack) which launches their Stacks 2.0 blockchain on January 14. Stacks 2.0 is a layer-1 blockchain that uses Bitcoin […]
Bitcoin is widely considered to be the world’s leading cryptocurrency. However, builders can use this technology to develop powerful applications, protocols, products, and services. Several ecosystems emerged on top of Bitcoin over the years, and Stacks continues to note tremendous growth. The Ongoing Evolution of Stacks Many people may recall Stacks under its former name of Blockstacks. It is a smart contract layer for Bitcoin tethered to the Bitcoin blockchain through a cross-chain consensus mechanism. The hash of the Stacks state is embedded into every Bitcoin network block. More....
There were also 140,000 NFTs minted on the Stacks blockchain during its inaugural year. On the first anniversary of the launch of Stacks blockchain (STX), which seeks to make Bitcoin (BTC) programmable, the network achieved over 350 million monthly API requests, 40,000 Hiro (development tool for Stacks to build applications on Bitcoin) wallet downloads, and 2,500 Clarity smart contracts. According to a report by Electric Capital, a venture capital firm focused on cryptocurrencies and fintech, these statistics make Stacks the largest project on Bitcoin.More than 11,000 users earned more....
The US Securities and Exchange Commission (SEC) has concluded its three-year investigation into Bitcoin Layer 2 (L2) blockchain Stacks (STX) and Hiro Systems without taking any action. Related Reading: Shiba Inu Team Member Says Major Update Is Coming – Here’s What We Know SEC Ends Probe Into Stacks Muneeb Ali, co-creator of the Stacks protocol, […]
Tether, the company behind the prominent stablecoin USDT, holds $72.5 billion worth of US Treasury bills (T-bill). This development was revealed initially in the company’s assurance report for Q2 2023. However, Tether’s Chief Technology Officer, Paolo Ardoino, on September 5, emphasized this fact on social media platform X. Related Reading: Tether Teams Up With Private […]