Tether has made public the latest breakdown of its asset holdings. Compared to the previous quarter, Tether owns 21% less commercial paper. The new report helped ease concerns about Tether's exposure to Evergrande debt.
Grayscale Investments Asks Investors to Convince SEC to Approve Bitcoin Spot ETF
Grayscale Investments, the world's largest digital asset manager, has launched a campaign aimed at persuading the US Securities and Exchange Commission to approve its spot Bitcoin ETF application. Grayscale aims to turn its $25.7 billion Grayscale Bitcoin Trust (GBTC) into a Bitcoin spot ETF.
El Salvador Records Double-Digit GDP Growth, Was Bitcoin Behind It?
El Salvador has been making headlines around the world for months thanks to its decision to adopt Bitcoin as a legal tender. Despite numerous calls for the country and President Nayib Bukele to review and revoke this decision as it has the potential to cause negative damage to the country's economy, the small North American country has rebounded so well that its GDP growth rate reached double digits for the year.
UK Law Firm Becomes First Company to Accept Cryptocurrency as Payment
UK law firm Gunnercooke has announced that it now accepts cryptocurrency as payment for legal and professional services. “It is vital that we accept payments in this way for our substantial client base, which spans the entire blockchain and crypto-asset ecosystem,” Financial Services and FinTech Partner James Burnie stated.
Bitcoin Locked In Lightning Network Reaches All-Time High
Despite Bitcoin experiencing a high price correction, the amount of Bitcoin locked in the Lightning Network (LN) continues to rise, ignoring the impact of negative price action. As of February 22, 2022, locked Bitcoin in LN has reached an all-time high of 3,479 BTC, powered by decentralized finance analytics platform DeFi Pulse, tripling from 1,089 BTC recorded a year ago.
Axie Infinity Reaches $4 Billion in All-Time NFT Sales
Released in 2018, Axie Infinity was among the most popular earn-to-play blockchain games but didn't gain wide acceptance until 2021. The NFT space and the P2E business model began to evolve last year, with many projects taking their free token sales to new heights. According to data from DappRadar, the total value of NFTs sold in Axie Infinity reached $4.14 billion. The average price of digital collectibles sold is $198, while the number of investors who have achieved this is about 2 million.
We support the Turkish sports and our sportspeople via our sponsorships agreements with 1907 Fenerbahçe Wheelchair Basketball Team, Cem Bölükbaşı, Erden Eruç, Emir Tanju and Turkish Automobile Sports Federation! In this very rewarding and helpful journey of ours, we will continue to enrich and strengthen the Turkish sports thanks to the new steps we take in reaching brand new sponsorship agreements.