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Tether, the operator of the third-largest cryptocurrency with a market cap of almost $70 billion, announced the USDT launch on Polkadot.
Thus, the stablecoin is now available on roughly a dozen blockchain networks.

The announcement from the company described Polkadot as a “full-stack Web 3 ecosystem built for the multi-chain future.”
Adding that it has a “multi-chain application environment where activities such as cross-chain registries and cross-chain computation are possible,” Tether said the expansion to Polkadot allows the stablecoin to keep increasing its presence in decentralized ecosystems.
Company CTO, Paolo Ardoino, commented:

“We’re delighted to launch USDT on Polkadot, offering its community access to the most liquid, stable, and trusted stablecoin in the digital token space. Polkadot is on a trajectory of growth and evolution this year, and we believe Tether’s addition will be essential in helping it continue to thrive.”

With the addition of Polkadot, USDT is now available on more than ten blockchain networks, including Kusama, Ethereum, Solana, Algorand, Tron, Omni, and the recently-added NEAR.
Tether, which has received some backlash for lack of transparency in the past, changed its auditor in August and promised to provide more frequent updates on the USDT reserves after firing back against a WSJ report.
Despite still being the stablecoin market leader in terms of usability and market cap, USDT’s share has been shrinking recently, which, some believe, is a positive sign for the crypto industry.

The post Tether (USDT) Launched on Polkadot appeared first on CryptoPotato.

The world's largest stablecoin has launched on yet another popular blockchain network.


cryptopotato.com

Tether (USDT) Launched on Polkadot

The SHIB (Shiba Inu) token is the offspring of the Ethereum network – an alternative to DOGE (Dogecoin). SHIB is more or less the opposite of Bitcoin in terms of availability. While BTC intends to make it scarce on the crypto market, the SHIB token flows in abundance.
This is evident in its total supply of 1 quadrillion, even though its community plans to drop this figure. Also, its ecosystem is a good ground for different projects. Some of these projects are the creation of a decentralized exchange known as Shibaswap and storing NFT art.

The SHIB team recently launched its game, referred to as Shiba Eternity. However, more updates on the game from the developers are still pending.
The developers have revealed that they’ll release more updates on the newly launched Shiba Eternity on Thursday. An event will accompany the announcement according to the community. But the awaited update from the developers is already becoming a discussion subject on Twitter.
This is due to the already slated Twitter Spaces. The community members will share their thoughts on the Shiba Eternity project there. More updates will come from the founder and lead developer of the SHIB token, Shytoshi Kusama, and William Volk. They intend to release these updates on the SHIB official Twitter page.
Briefing On Shibarium Development
A layer-2 blockchain network from the SHIB developers is currently in the pipeline. This blockchain is known as Shibarium, and it’s intended to reduce the workload of building blockchain ecosystem applications. The primary beneficiaries of this new development are developers and users.
The idea of the Shibarium layer-2 network is similar to that of the Ethereum blockchain network. The reason is that both networks support developers of decentralized applications (DApps).
The notion behind the project is to cut down transaction costs for gaming. This is possible because the project will serve as the premium layer-2 for the community and the SHIB token.
A Quick Look At Shiba Inu Price
Considering the current bearish state of the crypto market, it’s no surprise that the SHIB token is dropping in value. This is evident from the market watch in the last four weeks.
The token is now down to its value dating from three months back. There’s no indication pointing to the possibility of a rise anytime soon. The same can be said about the general crypto market.

But the update of the community’s upcoming project from Shytoshi Kusama seems to raise the hopes of many fans of the SHIB token. As a result, several investors are watching the SHIB token’s price. The digital token currently trades on a bullish trend.
Shiba Inu trends upwards l SHIBUSDT on Tradingview.com
Featured image from UnSplash, Chart: TradingView.com


The SHIB (Shiba Inu) token is the offspring of the Ethereum network – an alternative to DOGE (Dogecoin). SHIB is more or less the opposite of Bitcoin in terms of availability. While BTC intends to make it scarce on the crypto market, the SHIB token flows in abundance. This is evident in its total...

newsbtc.com

Shiba Inu Rises Despite The Imminent Update

The latest upgrade on Ethereum brought many changes to the crypto network. First, the Merge will improve efficiency and make the web more scalable. Also, ETH supply is expected to be lower in the proof of stake, making it a deflationary asset.
Usually, the miner’s reward on PoW is far higher than the stakes reward on the proof of stake network. So by that, the supply should be reduced and, in a normal circumstance, make Ethereum deflationary.
The supply of ETH has increased by more than 5,990 from the Merge day till now. However, this number is lower than it could have been under the proof of work consensus mechanism.

Also, the number is far lower than the BTC supply of 6.25 coins every ten minutes. But even with this reduced supply, ETH may still have a long way to go before becoming deflationary.
What Will Make ETH A Deflationary Asset
According to experts, ETH can become deflationary when the tokens from block subsidy are lower than the ones burned. If the number of people who transact with the coin grows higher than those who stake it, ETH will become a deflationary asset.
Also, experts believe that the transaction fee now should be 15 Gwei or 0.000000015ETH for the crypto to be deflationary.
But for now, these conditions are not existing yet. For example, Ethereum transaction fees average 11 Gwei as of September 20. Also, staking generates more tokens than burned ones.
Currently, staking levels would cause ETH yearly token supply to 603,000. But the number of ETH burned every year will only be 412,000. So the difference represents annual inflation of 191,000 ETH or 0.16%.
Ethereum stays below $1,400 l ETHUSDT on Tradingview.com
What’s The Hope For Ethereum?
Currently, the figures are not showing that Ethereum will become deflationary soon. But if these figures change, the expectation might work.
The only likely scenario right now is an increase in inflation. According to experts, inflation will increase if more people join staking in Ethereum proof of stake. This is because the current network has more opportunities to expand its staking activities.
For instance, Ethereum’s staking’s relative risk-reward is still more attractive than others. Also, staking is an untapped market on the newly launched PoS network. Currently, the supply of ETH in stakes is only 14%, while other cryptos have up to 50% in staking pools.
But then, a situation that could push Ethereum to become a deflationary asset is an increase in transaction fees. Experts believe that many expect the network to develop into high-volume decentralized commerce.
If Ethereum reaches that height, the transaction fee will increase, increasing the burn rate. With that, Ethereum will likely enter the deflationary territory. According to BitMEX former CEO Arthur Hayes, such a situation might make ETH bullish, pushing interest in usage, buying, and deflating the token.

But when compared to Bitcoin, many top shots, such as Arthur Hayes and Paulo Arduino, believes that ETH will not beat Bitcoin. BTC supply is fixed and is not usually affected by monetary debasement like others.


Featured image from Pixabay and chart from TradingView.com




The latest upgrade on Ethereum brought many changes to the crypto network. First, the Merge will improve efficiency and make the web more scalable. Also, ETH supply is expected to be lower in the proof of stake, making it a deflationary asset. Usually, the miner&#8217;s reward on PoW is far highe...

bitcoinist.com

Ethereum Supply Slowed After Upgrade, Will It Ever Trigger Growth?

Interoperability enabling network Quant has gained 10% in the last 24 hours amidst the general crypto bear market. The token is inexorably climbing up the price charts while other tokens struggle to keep their heads above water. The crypto is steadily gaining, testing new highs after its yearly low in June when its price dipped below $50.
The Quant blockchain was a project geared toward solving the issue of interaction among multiple blockchains. Since its inception in 2018, the token began an upward climb from below $1, culminating in an all-time high just below $400. This unprecedented event in the history of Quant took place in September 2021. Quant soared 200% from $187 to $490 on the month, a spike that analysts attribute to three factors. 
Related Reading: Sandbox Struggles In A Bear Market, How Low Can Price Go?
Quant’s All-Time High Catalysts
The first catalyst outline was the launch of Overledger 2.0.5, the network’s DLT connection for businesses to all networks and DLT. Secondly, Quant offered developers incentives via the “Quant developers Program,” a means to lure devs into its ecosystem. Devs build useful protocols and apps, which in turn, attract more users, thereby ensuring the growth of Quant. 
Finally, Quant’s price boosted when it got listed on major exchange platforms like Coinbase and Binance. This move alone caused the protocol’s trading volume to skyrocket from $9 million to a whopping $740 million, according to coinmarketcap. And the rest, they say, is history. Although the token has not tested such highs since then, it continued to do well for itself till the general market became turbulent.
QNT’s price is currently trading at above $115. | Source: QNTUSD price chart from TradingView.com
Macroeconomics Turned Crypto Assets Bearish
By June this year, when the crypto market dropped into a downward spiral, the Quant token dipped to a low of $49. A combination of macro factors dragged down most cryptos, including Bitcoin, from their lofty heights.
For one, the Russo-Ukrainian war began causing global unrest, which always targets risk-prone assets, e.g., crypto. Then followed inflation and Fed’s hawkish attitude towards digital assets in fixing the problem. Ethereum’s merge with its initial hype and subsequent letdown came into the mix, further muddying up the waters. As a result, crypto assets globally have been testing unheard-of lows. 
At the time of writing, Bitcoin continues to fluctuate around the $20,000 resistance level. This is notably a far cry from its legendary $65,000 high, which occurred in 2021. Similarly, ETH and SOL are not left out of this bearish market turn, trading at $1300 and $33, respectively. Ethereum is 70% down from its all-time high, while Solana is 87% below its own.
Related Reading: Dogecoin (DOGE) Is On Top Of Whales’ Menu – Here’s Why
Yet Quant is slowly but surely wending its way up the chart, testing new highs daily. At the time of writing, the token is exchanging hands around $116 after briefly testing $120 earlier in the day. Against the past week’s prices, it is a 7.90% gain, 10% over the last 24 hours.
Featured image from Pixabay and chart from TradingView.com


Interoperability enabling network Quant has gained 10% in the last 24 hours amidst the general crypto bear market. The token is inexorably climbing up the price charts while other tokens struggle to keep their heads above water. The crypto is steadily gaining, testing new highs after its yearly l...

Quant (QNT) Adds 10% In 24 Hours While Macro Uncertainty Pulls Others


A new report has revealed that executives and insiders at Helium network benefited disproportionately from the project at the expense of the broader community.



The Forbes report identified 30 wallets connected to Helium insiders such as employees, their family and friends, and early executives. Analysis of on-chain data reveals that these wallets mined over 3 million of all HNT tokens within the first three months of its launch in 2019.



This accounts for almost half of all HNT tokens in circulation at the time. By the sixth month of launch, insiders had mined a quarter of HNT tokens, equivalent to $250 million of its peak value last year.



According to the report, Helium’s community spent around $500 million on mining equipment.



Public had access to roughly 30% of HNT tokens



Most times, crypto projects set aside a portion of their token supply for employees, developers, and early investors. Helium also has this in the form of Helium Security Tokens (HST), which allocated about one-third of HNT tokens to this group.



But insiders still went ahead to take from the public supply, claiming most of the tokens and leaving only about 30% for the Helium community when the asset was at its peak.



Now, the average HNT mined per month has dropped significantly. In August 2019, each Helium hotspot mined an average of 33,000 HNT per month, a far cry from the average of 2 HNT per month being recorded today.



The token’s value has also fallen significantly to $4.75 from its peak of $55, leaving the community holding the bag.



Helium’s revenue generation is poor



With the crypto downturn, the rewards miners get have also dropped to as low as a few cents weekly.



Not only that, but the company also has a problem generating revenue. According to Forbes, Helium made $92,000 from July 2021 to August 2022 from the network. Most of its revenue, $53.3 million, came from people who bought and registered new hotspots.



One wallet is linked to Helium’s CEO California home



The Forbes report stated that one of the wallets in question was linked to the wife of Helium CEO Amir Haleem.



According to the report, five hotspots, which mined 250,000 HNT within the project’s first three months, could be linked to the wallet connected to the California home of the couple.



Forbes wrote that the wallet reportedly earned 455,000 HNT from mining rewards, worth $25 million at HNT’s peak price, and $2 million today.



Meanwhile, Haleem disagreed that the project has failed, saying he believes that the blockchain network is ahead of its time and just getting started.



The blockchain project has continued to pursue development as the community recently approved a proposal to migrate to Solana.



Forbes stated that its report is based on leaks of internal documents, transaction data, and interviews with former employees of the blockchain project.



For Be[In]Crypto’s latest Bitcoin (BTC) analysis, click here
The post Helium Insiders Profited From Project at Expense of HNT Community, States Forbes Report appeared first on BeInCrypto.


A new report has revealed that executives and insiders at Helium network benefited disproportionately from the project at the expense of the broader community.
The post Helium Insiders Profited From Project at Expense of HNT Community, States Forbes Report appeared first on BeInCrypto.


Theta Network price	$1.08
Low - High 24H	$1.07 - $1.13
Market cap	$1.09B
Volume 24H	$27.78M
All time high	$15.72 -93.10% April 16th 2021
All time low	$0.0404 2584.44% March 13th 2020
Genesis date	N/A

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