Tether USDT to strengthen reserves with Bitcoin purchase.

Stablecoin issuer Tether (USDT) said it would use 15% of its net realized operating profits to purchase Bitcoin (BTC). In a May 17 company statement, the stablecoin issuer said it would self-custody the purchased BTC — adding that its purchase “will focus exclusively on utilizing realized profits from its investment strategy, disregarding unrealized capital gains […] The post Tether USDT to strengthen reserves with Bitcoin purchase appeared first on CryptoSlate. origin »

Celsius withdrawing nearly $800 million of Ether from Lido.

Key Takeaways Bankrupt lender Celsius is trying to withdraw $779 million worth of ETH from Lido The ETH represents 7% of the total amount staked with Lido Celsius has $4.7 billion of debts with creditors, and sent the market into a tailspin last year after it got caught up in the Terra contagion Celsius also […] The post Celsius withdrawing nearly $800 million of Ether from Lido appeared first on CoinJournal. origin »

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What is Ecoterra? And How is it Similar to Big Eyes Coin?.

The impact of cryptocurrency has been discussed quite a few times before, with its massive power usage and the resulting carbon emissions. This time, however, we’re going to highlight a couple of projects – namely Ecoterra and Big Eyes Coin (BIG) –  that are fighting to counter the effects of crypto on the environment. In […] origin »

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