Another week, another recap! Missed some news or unsure about the most important stories from the past week? Don’t worry, we’ve got you covered:
Uber CEO to Cut Cross-Border Costs through Stablecoins. Dara Khosrowshahi, Uber’s CEO, revealed that the company is exploring stablecoins to streamline international payments and reduce costs. Could you soon pay for your Uber ride with USDT? Maybe!
Blockchain Group Launches €300M Bitcoin Program with TOBAM. More and more companies are adding Bitcoin to their treasuries, and almost every time, their prices appreciate after this announcement, as was the case here.
Paraguayan President’s X Account Hacked to Spread Crypto News. On Monday, Paraguayan President Santiago Peña informed that Paraguay had adopted Bitcoin as legal tender. Were they inspired by Salvador? was hacked on Monday to spread a fraudulent message. The post, written unusually in English rather than the President’s usual Spanish, claimed that Paraguay had adopted Bitcoin as legal tender.
Global Crypto Market Loses Over 1B After Middle East Tensions. The escalation in Israel-Iran hostilities has cooled markets and triggered several liquidations in the crypto market, resulting, among other things, in a 5.8% drop for BTC and a 12% drop for Ethereum in just a few hours.
BlackRock’s iShares Bitcoin Trust (IBIT) has surged past $70 billion in assets. This makes it the fastest-growing exchange-traded fund (ETF) in history, outpacing legacy funds that typically dominate the ETF landscape, such as the SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ.
Among worlwide conflicts and major hacked related case, crypto continue to dig its hole in the worlwide economy, appearing as an precious tool for both the people and the major institutions and companies.