wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/a/andreoae/smartcentral.com/public_html/wp-includes/functions.php on line 6114
Elon Musk and Tesla have successfully defeated a lawsuit accusing them of manipulating the price of Dogecoin, leading to $258 billion in alleged damages. On August 29, 2024, U.S. District Court Judge Alvin Hellerstein dismissed the case, asserting that no reasonable investor could rely on Musk’s tweets as sound investment advice. The lawsuit, filed in...
While crypto investors faced significant losses during the wave of bankruptcies in 2022, law firms have profited substantially, earning a collective $751 million in fees from the Chapter 11 cases. As of August 2024, four major law firms—Sullivan & Cromwell, Kirkland & Ellis, White & Case, and Cleary Gottlieb—dominated the earnings, taking home $484 million,...
India is advancing its efforts to simplify cross-border payments by developing a plug-and-play system. The initiative aims to create a flexible and scalable framework that can be easily adapted by different countries, thereby making international money transfers as straightforward as domestic transactions. This move is part of a broader strategy centered on Digital Public Infrastructure...
Representative Mike Collins, who serves Georgia’s 10th Congressional District in the U.S. House of Representatives, has disclosed investments in three altcoins during his time in office. According to financial disclosure reports filed between July and August 2024, Collins revealed purchasing up to $15,000 in Velodrome (VELO), up to $15,000 in The Graph (GRT), and up...
Launched in 2023, PayPal USD (PYUSD) is a dollar-backed stablecoin issued by Paxos Trust Company, a US-regulated crypto custodian. As an Ethereum-compatible ERC-20 token, PYUSD competes in the stablecoin market alongside industry giants such as Tether (USDT) and Circle’s USD Coin (USDC). However, despite PayPal’s significant efforts to broaden PYUSD’s accessibility, the stablecoin remains far...
Tether, the issuer behind the world’s largest stablecoin, USDT, has decided against launching its own blockchain, citing market saturation and strategic concerns. Paolo Ardoino, Tether’s CEO, shared in an interview with Bloomberg News that the company’s decision stems from an analysis of the current blockchain landscape, where numerous platforms already offer similar functionalities. Ardoino explained...
Tether, the largest stablecoin provider in the digital asset industry, has announced plans to introduce a new stablecoin pegged to the United Arab Emirates dirham (AED). The move is part of a collaboration with UAE-based Phoenix Group and Green Acorn Investments, aiming to create a digital representation of the dirham currency that is fully backed...
Tether has minted an additional 1 billion USDT tokens on the Tron network, raising the total number of USDT tokens created in the past year to 33 billion. According to blockchain data, the minting occurred on August 20, with the tokens sent to Tether’s treasury wallet. This recent activity is part of a broader trend,...
In a groundbreaking move, the Old Stone Church in Fort Collins, Colorado, has turned to cryptocurrency to raise funds for purchasing its historic 19th-century chapel. Led by Pastor Blake Bush, the initiative marks the first instance of a church in the United States being tokenized. The goal is to raise $2.5 million to buy the...
In a landmark decision, the Dubai Court of First Instance has officially recognized cryptocurrency as a valid form of salary payment under employment contracts. This ruling marks a significant shift in the United Arab Emirates’ legal approach to digital currencies, reflecting the growing acceptance of crypto within the country’s economic and legal framework. The case,...
