๐ International transfer of $200 via stablecoins costs on average approximately $2, while a traditional transfer costs โ $12.72.
In Latin America, the gap is even more noticeable โ costs amount to approximately 1.25% of the transfer amount versus 5.64% for traditional money transfers.
@DeCenterOrg
In Latin America, the gap is even more noticeable โ costs amount to approximately 1.25% of the transfer amount versus 5.64% for traditional money transfers.
@DeCenterOrg
All this work will go to AI bots, such changes will affect other areas in the coming years.
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USDT issuer Tether's operating profit reached $1.5 billion in the second quarter alone, although a drop in the value of assets in reserves led to a total loss of about $4.2 billion.
Meanwhile, Coinbase supported a competing stablecoin Open USD, which offers partners a larger share of revenue from reserves.
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๐ค After more than 12 years of silence from two Bitcoin wallets, all 417 BTC were moved โ now worth $33,850,000.
When the coins arrived at these addresses, BTC was worth only $127 and $355 respectively โ over the years, the price of the coins has increased 638 and 229 times, but whether the owners have finally decided to sell their holdings is still unknown.
@DeCenterOrg
When the coins arrived at these addresses, BTC was worth only $127 and $355 respectively โ over the years, the price of the coins has increased 638 and 229 times, but whether the owners have finally decided to sell their holdings is still unknown.
@DeCenterOrg
For now, it's just an idea, but Saylor believes that such an instrument could seriously compete with USDT and USDC, which themselves do not pay interest to holders.
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The cause was an error in seed phrase generation on Apple devices โ they could be predicted, allowing access to others' funds.
Developers stopped the network, and the stolen tokens were successfully blocked both on the blockchain and on the MEXC exchange.
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๐ฆ World Sam Altman's introduced the World ID suite for banks.
The company also released full deepfake verification in Zoom โ the feature recognizes fake participants in video calls.
Previously, World launched World Money โ a financial โsuper app for peopleโ, which includes stablecoins, international transfers, investments, Earn programs, and virtual accounts.
@DeCenterOrg
The company also released full deepfake verification in Zoom โ the feature recognizes fake participants in video calls.
Previously, World launched World Money โ a financial โsuper app for peopleโ, which includes stablecoins, international transfers, investments, Earn programs, and virtual accounts.
@DeCenterOrg
With its help, corporate clients will be able to transfer tokenized dollars around the clock, without being tied to banking hours.
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๐ฑ๐ป In Latvia, paying taxes with cryptocurrency may be allowed as early as 2027 โ the Ministry of Finance supported the idea, but technical details are still being discussed.
Meanwhile, the parliament simplified life for crypto investors โ on special investment accounts, tax will now arise only when profit is withdrawn, not after each transaction.
@DeCenterOrg
Meanwhile, the parliament simplified life for crypto investors โ on special investment accounts, tax will now arise only when profit is withdrawn, not after each transaction.
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Investors are attracted by yields from 3% to over 20% annually, but analysts warn โ behind the high interest rates lie risky collateral and vulnerabilities that could repeat the history of the Celsius collapse.
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๐ฎ๐ณ In India, the premium for buying USDT reached 6.4% โ instead of the usual 95 rupees per dollar, buyers pay 101 rupees per token. When buying for 100,000 rupees, the overpayment was about 6,000 rupees.
Among the reasons are high local demand, limited USDT supply, and additional exchange costs.
@DeCenterOrg
Among the reasons are high local demand, limited USDT supply, and additional exchange costs.
@DeCenterOrg
๐ฉ๐ช Germany's largest network of savings banks Sparkassen has started to offer clients cryptocurrency trading directly in the banking app.
You can buy and sell Bitcoin, Ethereum, XRP, Solana, and Polygon โ currently the service is available only in some banks, but every month another 30โ40 branches of the network will be connected to it.
@DeCenterOrg
You can buy and sell Bitcoin, Ethereum, XRP, Solana, and Polygon โ currently the service is available only in some banks, but every month another 30โ40 branches of the network will be connected to it.
@DeCenterOrg
๐ณ Visa prepares cryptocurrency payments at 175 million merchant locations worldwide โ users will be able to pay with their phone directly from the balance of a connected crypto wallet, without getting a separate card.
@DeCenterOrg
@DeCenterOrg
๐ฒ One gamble wasn't enough
PumpFun launched trading of PreStocks โ tokens tied to shares of large private companies, which haven't even gone public yet.
Now you can speculate on what is not yet available on the regular stock market.
@DeCenterOrg
PumpFun launched trading of PreStocks โ tokens tied to shares of large private companies, which haven't even gone public yet.
Now you can speculate on what is not yet available on the regular stock market.
@DeCenterOrg
๐ผ Hedge funds are selling off tech stocks at the fastest pace in 10 years โ with chipmakers being hit the hardest.
However, funds are not so much betting on a further decline as they are reducing risks โ even after the sell-off, the tech sector still accounts for 23.5% of their portfolios.
@DeCenterOrg
However, funds are not so much betting on a further decline as they are reducing risks โ even after the sell-off, the tech sector still accounts for 23.5% of their portfolios.
@DeCenterOrg
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๐ In Poland, 8 Ukrainians and a Belarusian citizen were detained in a money laundering case through cryptocurrencies, exchangers, and fictitious gold purchases โ a group led by a 34-year-old Ukrainian conducted operations worth over 337 million zlotys ($87 million), obtained from investment fraud.
During searches, cash and gold worth over 1 million zlotys were seized; the suspects face up to 15 years in prison.
@DeCenterOrg
During searches, cash and gold worth over 1 million zlotys were seized; the suspects face up to 15 years in prison.
@DeCenterOrg
โฉ Japanese Metaplanet, which has already accumulated 44 000 BTC, is entering the American market โ Super League shareholders approved a deal under which the company will transfer 2100 BTC and $2.5 million in exchange for 95.7% of the shares.
After its completion, Super League will be renamed to Superplanet, and Metaplanet will be able to raise funds for further Bitcoin purchases directly in the US and Japan.
Earlier, Metaplanet announced that it wants to launch Bitcoin-backed lending instruments in Japan โ the company plans to create a 24/7 BTC lending market, which is not yet available in the country.
@DeCenterOrg
After its completion, Super League will be renamed to Superplanet, and Metaplanet will be able to raise funds for further Bitcoin purchases directly in the US and Japan.
Earlier, Metaplanet announced that it wants to launch Bitcoin-backed lending instruments in Japan โ the company plans to create a 24/7 BTC lending market, which is not yet available in the country.
@DeCenterOrg
All equipment was confiscated for the benefit of the state.
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