Tether's $500 Million Bitcoin Mining Bet
Strike's Global BTC Purchases Rollout, Litecoin Transactions Surpass Bitcoin
Welcome to Coinfeeds Daily Digest! Today we cover Polygon seeing its network gas fees spike 1,000% as the craze and interest in POLS, an Ordinals-inspired token, grows. We also cover Tether's bold strategic $500 million investment into Bitcoin mining facilities with the aim to become the biggest BTC miner, new developments in cryptography as L2 network Fhenix works on never before-achieved Fully Homomorphic Encryption (FHE) Rollups, Aave rebranding to Avara and buying a startup, crypto progress in Europe as a German Parliament member advocates for Bitcoin as legal tender and Regulated Euro (EURD) launches on Algorand, as well Alchemy Pay integrating with Stellar.
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Tether's $500 Million Bitcoin Mining Investment
In a bold step to diversify its business model, Tether, known for its widely used stablecoin USDT, has announced a significant investment in Bitcoin mining. The company plans to inject $500 million into the sector over the next six months, aiming to become a major player in the mining industry. | Read More
Strike Rolls Out Bitcoin Purchases Globally, Integrates With Lightning Network
Strike, a crypto payment firm, has made a significant move in the digital currency space by expanding its services to a global audience. Users from 36 countries can now purchase Bitcoin directly through the Strike app using their debit cards, including nations such as El Salvador, Australia, and some countries in Africa. | Read More
Fully Homomorphic Encryption Rollups A Step Closer To Reality
FHE allows computations to be carried out on encrypted data, ensuring that sensitive information remains secure even while being used. A potential layer-2 network called Fhenix is at the forefront of bringing FHE to the world of smart contracts. Fhenix is designed to work with Ether and other EVM-compatible networks. | Read More
Litecoin Surpasses Bitcoin in Daily Transactions
In a surprising turn of events, the digital currency Litecoin has recently outpaced Bitcoin in terms of daily transactions. Reports indicate that Litecoin has achieved a significant milestone by processing over 1 million transactions in a single day, while Bitcoin lagged behind with approximately 500,000 transactions. | Read More
German Parliament Member Advocates for Bitcoin as Legal Tender
Joana Cotar has expressed her intention to initiate a "preliminary examination" for a legal framework that would officially recognize Bitcoin as legal tender. This examination aims to explore the feasibility and implications of such a decision. | Read More
Crypto Sets Record for Lobbying Expenditures in the United States
Crypto in the US is on a path to set a new record for lobbying expenditures in 2023. With $20 million already spent in the early months of the year, the industry is quickly surpassing the total amount of $22.2 million recorded for the entire year of 2022. | Read More
Alchemy Pay Integrates with Stellar Ecosystem for Fiat-Crypto Transactions
Alchemy Pay has announced its integration with the Stellar ecosystem. This strategic partnership is set to enhance the functionality for developers and decentralized applications (dApps) on the Stellar network by providing seamless on and off-ramp services. | Read More
Cardano's Charles Hoskinson Responds To Revelations from Former Ethereum Insider
Hoskinson, the founder of Cardano and also a co-founder of Ethereum, has found himself at the center of attention following comments made by Nerayoff. In a candid response, Hoskinson has opened up about his relationship with Nerayoff and the role he played during the initial stages of Ethereum's development. | Read More