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Tether Acquires 8888 BTC - Bitcoin Reserves Reach $5.23 Billion
On March 31, Tether, the issuer of the USDT cryptocurrency, increased its bitcoin reserves by 8888 BTC (equivalent to $618 million), reaching a total of 75,354 BTC (around $5.23 billion).
The IMF has expressed interest in the use of stablecoins and central bank digital currencies (CBDCs) in remote regions
The IMF report notes that the use of digital currencies and stablecoins can help Pacific island countries improve access to and the quality of financial services. The problems faced by these countries include limited access to financial services, leading to persistent poverty and inequality, as well...
A record amount of $942 million was withdrawn from cryptocurrency funds
According to the CoinShares report, there was a withdrawal of $942 million from cryptocurrency investment products from March 16 to 22, which is a record value following the previous historic inflow of $2.92 billion.
Analysts at Bernstein considered the correction a good buying opportunity at the lows
The current correction in the price of digital gold from the level of $73,000 marks a temporary opportunity for "buying at the lows" ahead of the April halving, according to researchers at Bernstein, as reported by The Block.
CEO of Vanguard warns against Bitcoin ETF due to the \
Tim Buckley, the CEO of Vanguard, expressed his disagreement with the idea of creating a Bitcoin ETF due to the risks associated with the instability of this asset. He emphasized this aspect in his address to clients, cautioning against including Bitcoin ETFs in pension portfolios due to the specu...