Press Release Daily Today TheBitTimes.com

Recently, Tether Holdings, the issuer of USDT, minted $1 billion of the stablecoin on Ethereum.  The rising demand for USDT has positively impacted the InQubeta presale, bringing it closer to $2 million.  This article explores the connection, examines Tether’s actions, and looks at the increasing interest in InQubeta’s  presale . Tether minting billions of USDT On June 12, Tether minted $1 billion USDT on Ethereum.  This is the second time Tether has released $1 billion USDT, bringing the total amount generated in 2023 to over $16 billion. Tether’s chief technology officer, Paolo Ardoino, said the recent USDT mint was part of a “restoration of inventory” on Ethereum.  You might also like: Traders bullish on Bitcoin and InQubeta, expect new highs in 2023 It is considered an “authorized but not issued transaction” and will not affect the overall market cap of USDT. Instead, the newly generated sum will be used as i...

Alphapo, a payment processor, reportedly fell victim to hackers, resulting in a loss of more than $23 million in various coins and tokens. Crypto “detective” ZachXBT, who has been closely tracking the movement of stolen funds across different networks, brought to light the Alphapo attack on July 23. Earlier today Alphapo hot wallets were drained for $23M+ on ETH, TRON, BTC. HypeDrop (Alphapo customer) has since had withdrawals disabled. On Ethereum the stole n funds were swapped for ETH then bridged to Avalanche and Bitcoin. pic.twitter.com/pj7i3ZlBrX — ZachXBT (@zachxbt) July 23, 2023 According to ZachXBT’s report, the hackers exploited vulnerabilities in Alphapo’s security measures, gaining access to the platform’s hot wallets for Ethereum, Tron, and Bitcoin. Subsequently, they drained these wallets, causing substantial losses for the payment processor. As part of their attack, the hackers utilized the stole n tokens to purchase additional ...

Shiba Inu, a meme coin that holds a significant position in the cryptocurrency realm, has become well-known. The team responsible for SHIB has shown dedication to its growth through various endeavors, including the implementation of the Shiba Inu Burn program. The burn rate associated with Shiba Inu has acquired a reputation for its fluctuating pattern. Certain days witness notable increases, while others experience a decline. Notwithstanding this variability, the burn rate is used to maintain consistency. However, in recent times, the burn rate has not been that impressive. Also read: Bitfinex Successfully Retrieves $315,000 Stolen in 2016 Hack Setting the record straight, the burn rate has spiked in the last 24 hours. According to data from Shibburn, the burn rate has soared by 4467% during this period. Source: Shibburn Shiba Inu burn numbers touch more than half a million Shibburn data shows that 654,295,326 SHIB has been sent to dead wallets in the last 24 ...