“Binance Dollars” Replace Bolívar as Inflation in Venezuela Soars to 229%
Stablecoins such as Tether’s USDt are quickly becoming the go-to currency for millions of Venezuelans, as the country’s economy continues to deteriorate under runaway inflation — now climbing to an annual rate of 229%. What was once a niche tool for crypto enthusiasts has evolved into a nationwide lifeline. Known locally as “Binance dollars,” USDt […]
Tether pushes back on Bitcoin sell-off claims, reaffirms investments in BTC, gold, and real estate
Tether CEO Paolo Ardoino has dismissed rumors suggesting the stablecoin giant has been liquidating its Bitcoin reserves in favor of gold. In a statement on X this Sunday, Ardoino clarified that “no Bitcoin has been sold” and emphasized that Tether continues to channel its profits into assets such as Bitcoin, gold, and land. The rebuttal […]
Michael Saylor’s Wealth Surges $1B After Bloomberg Index Debut
MicroStrategy co-founder and executive chairman Michael Saylor has seen his personal fortune increase by roughly $1 billion since January, coinciding with his recent entry into the Bloomberg Billionaires Index. As of now, Saylor holds the 491st position on the ranking, with Bloomberg estimating his net worth at $7.37 billion — a jump of 15.8% since […]