Venezuela’s state-owned oil company, PDVSA, is using Tether as a way to bypass US sanctions and secure oil deals, drawing criticism and apprehension due to the potential risks associated with relying on intermediaries. Venezuela’s Response to Sanctions To bypass U.S. sanctions, Venezuela has chosen to use the cryptocurrency Tether (USDT) for its external business deals, … Read more
Nvidia, a global pioneer in semiconductor production, and the Vietnamese IT company have announced their collaboration. They plan to invest and build a $200 million AI facility in Vietnam together. On April 23rd, companies announced in a combined statement their objective of creating a centralized platform in Vietnam for cloud computing and artificial intelligence (AI) … Read more
The total value of locked funds in the EigenLayer restaking protocol exceeded $15.1 billion. Based on DefiLlama’s report, the team behind the project removed limitations on pool sizes. Consequently, this led to a substantial rise in the total value locked (TVL), which grew from $11 billion at the start of March to over $15 billion … Read more
On April 22, the net daily capital inflow into spot Bitcoin ETFs was $62.09 million. Based on SoSo Value’s data, the Fidelity Bitcoin Spot ETF (FBTC) crypto fund secured the leading position in terms of capital inflows on April 22, with a net addition of $34.83 million to its assets. This boosted its total assets … Read more
Bitcoin‘s price stabilizing around $70,000 has caused some traders to explore investment opportunities outside of this cryptocurrency leader. As a result, they are increasingly drawn to two rising stars among altcoins: Rollblock (RBLK) and Cardano (ADA). Although ADA already has a solid reputation as an altcoin, RBLK is still in its presale stage and holds … Read more