In the ever-expanding universe of cryptocurrencies, Tether (USDT) has emerged as a significant player. Tether (USDT) is a cryptocurrency that serves as a stable coin, pegged to fiat currency, specifically the US dollar. It was created to provide stability in the cryptocurrency world, allowing users to conduct transactions without being subject to significant price fluctuations, and for storing and transferring value within the cryptocurrency space. Over the years, it has become one of the most popular cryptocurrencies among traders and investors, holding a special significance in the cryptocurrency market. In this article, we will explore what Tether is, how to buy and store it, and delve into the key aspects of using this cryptocurrency.
Mining on free gas – news of cryptocurrency startups
A mining startup based on the efficient energy of burning associated gas has raised $70 million in funding, of which $4.5 million came from the Winklevoss brothers' company.
The American startup Crusoe Energy Systems plans to use associated gas from shale deposits for mining, 14 billion cubic meters of which annually burns for nothing due to the lack of pipeline capacity. This amount of gas is enough to provide more than 10 million homes.
The company now maintains eight modular Digital Flare Mitigation (DFM) systems in operation, and will include 30 more by the middle of next year.
The Ethereum Foundation will stop funding young teams.
This became known from a tweet from PlayProject developer Nina Breznik. The only reason that comes to mind is the lack of finance, but Vitalik Buterin, the founder of the company, said that everything is fine with the money:
«It is not a problem of lack of money. The organization's annual budget is still $30 million, and the existing reserves will last another six years. We recently evaluated some internal teams and excluded them because we no longer want to fund them».
The EOS rating has fallen due to the large number of whales.
0.01% of EOS token holders control 68% of votes and for this reason Weiss Ratings lowered the company's rating from B to C.
Such a number of whales are able to imitate the activity of blockchain users, and in June, EOS was accused of the fact that 75% of the network's transactions were made by bots. As you can see, the company has “serious problems” with decentralization.
The British exchange Vaultor, which was the first to offer the exchange of cryptocurrency for physical gold, raised $1.1 million through crowdfunding.
The developers planned to raise a much smaller amount - $700,000.
Vaultor began its work in 2015 and is currently working on the creation of a VGold token based on the Lightning Network and the RGB protocol, which is planned to be launched later this year.
Recommendation from the Coin24.io service: Non-alternative energy for the extraction of alternative money
Current Articles
11.11.2024
Donald Trump’s victory in the U.S. presidential election has become a powerful catalyst for the cryptocurrency market. Since the election results were announced, Bitcoin, the first cryptocurrency, has begun to surge rapidly, reaching new all-time highs almost daily. On November 10, 2024, Bitcoin’s rate exceeded $80,000, setting a new record and surpassing the capitalization of Meta Corporation.
07.11.2024
With the development of cryptocurrencies, increasing attention is being paid to their potential in various fields, including charity and humanitarian aid. Stable cryptocurrencies like USDT (Tether) possess unique characteristics that make them particularly attractive for use in international donations and charitable initiatives. This article explores how USDT can simplify the process of international donations and enhance transparency in the use of funds for charitable organizations.