In a significant diversification move, Tether, the company behind the world’s most widely used stablecoin, USDT, has announced its first-ever investment of $100 million in the agriculture and food sector. This marks a new direction for Tether, which has traditionally focused on blockchain and cryptocurrency-related ventures.
Tether’s $100 million investment is aimed at supporting sustainable agriculture initiatives and enhancing food production efficiency through the integration of technology. According to the company, this move is part of its broader strategy to invest in industries that can benefit from innovation and technological advancement, while also supporting global sustainability efforts.
The decision to enter the agriculture and food sector reflects Tether’s recognition of the growing importance of food security and sustainable agricultural practices, especially in the face of climate change and population growth. With the global food system under increasing pressure, technological innovations in agriculture are seen as a key solution to improving food supply chains, reducing waste, and increasing productivity.
Paolo Ardoino, CTO of Tether, emphasized the company’s long-term vision, stating that this investment will help bridge the gap between traditional industries and the digital economy. “We see immense potential in leveraging technology to transform the agriculture and food industry. This investment represents our commitment to supporting projects that will have a lasting impact on the world,” said Ardoino.
While the exact details of the specific projects or partnerships involved in the $100 million investment have not been disclosed, Tether’s foray into this sector is seen as part of a broader trend where blockchain-based companies are increasingly looking at real-world industries to apply their technological expertise.
Tether’s move signals that stablecoin issuers may be looking beyond digital assets for growth, exploring how blockchain technology can be integrated with industries like agriculture to create more resilient and efficient systems. This strategic shift could pave the way for further investments in similar sectors, helping to drive technological innovation in the global economy.
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HERE’S WHY THIS CRYPTO CEO THINKS BITCOIN (BTC) SOON HITS ,000!! DEFI ASSET YFI SOARS 108,000%!!
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Vinny Lingham, cryptocurrency investor and the CEO of CivicKey, asserted that there’s a good likelihood that the Bitcoin price will soon trade at $15,000 per BTC.
He made this comment in reference to how $10,000 “represents strong support”:
“It looks to me that Bitcoin is poised for another leg up, with an overshoot above $15k, but then a retrace and heavy consolidation around $14k for a few weeks at least. I doubt this sub-$12k price holds for much longer and $10k represents strong support right now.”
Discussing the efficacy of his calls, Lingham noted to a commenter that he has rightfully called prior price action.
He added that he personally thinks that Bitcoin flips bullish on a macro scale if it converts $12,000 into support:
“I’m not a permabear or a permabull – I called the bubble and I called the bear market. The bear market is almost over, if/when we break and hold $12k. So yes, I’m turning bullish.”
This sentiment is in line with a number of technical traders within the space. One historically accurate analyst, for instance, who predicted BTC’s V-shaped reversal in March says a rally to $17,000 is imminent.
That’s not $15,000, of course, but there’s a growing sentiment that Bitcoin will gap higher.
The rally towards $15,000 or $17,000 is expected to be part of a longer-term uptrend, spurred by a confluence of fundamentals.
Raoul Pal, CEO of Real Vision, recently commented that Bitcoin is likely to rally 50 to 100 times this market cycle due to macro trends.
Responding to Jerome Powell’s comments, Pal noted that the Federal Reserve seemingly wants anything but deflation.
This, the investor explained, will create market pressures over time that will drive capital to Bitcoin and gold at record speed.
The Winklevoss Twins, co-founders of Gemini, have echoed the optimism.
They also noted that macro factors are likely to drive vast amounts of capital to Bitcoin in upcoming years.
In other trending Bitcoin News today:
After Riding YFI’s 108,000% Tidal Wave, Analyst Josh Rager Bullish on Five Nascent Crypto Assets
Bitcoin trader and strategist Josh Rager is hopping on the decentralized finance (DeFi) bandwagon.
Rager invested in Yearn.Finance (YFI) early.
The coin has surged from $34.53 on July 18th to a high of $37,621 on Sunday – a whopping 108,000% increase.
The analyst now predicts the coin will continue to soar and reach a price of $100,000.
Meanwhile, the analyst tells his following of 81,000 people on Twitter that he plans to hold on to five other nascent crypto assets that he believes offer upside potential.
“Still holding XAMP, TOB, YFL, JGN, & TACO. The altcoins I share are the altcoins I intend to hold for a while or take profits slowly overtime – not dump on people.”
Rager puts the spotlight on Antiample (XAMP) and Tokens of Babel (TOB) as both assets are getting a lot of attention in the Uniswap protocol.
“XAMP [and] TOB are doing great on vol & users going on 2 weeks+ now just on Uniswap alone. The first major exchange to list them both will likely reap some major rewards from users and fees.”
As for the other coins on Rager’s list, Juggernaut (JGN) is a new breed of token that allows businesses to create custom synthetic tokens and take full advantage of the DeFi infrastructure.
Meanwhile, YF Link (YFL) is a fork of the red-hot Yearn.Finance protocol.
The project leverages LINK (Chainlink) and allows LINK marines to directly participate in the DeFi craze through yield farming.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
It looks to me that #Bitcoin is poised for another leg up, with an overshoot above $15k, but then a retrace and heavy consolidation around $14k for a few weeks at least. I doubt this sub-$12k price holds for much longer and $10k represents strong support right now.
— Vinny Lingham (@VinnyLingham) August 28, 2020
Still holding $XAMP $TOB $YFL $JGN & $TACOThe altcoins I share are the altcoins I intend to hold for a while or take profits slowly overtime – not dump on people
In fact, you don’t hear about most the altcoins I trade because they’re high risk and I don’t want you losing money
— Josh Rager 📈 (@Josh_Rager) August 24, 2020
PREDICTION? FED out of bullets: needs inflation. Zero int not working. Q: What will FED do? A: Buy GOLD not T-bills? FDR did this in 1933 buys gold @$28 raised price to $35. Will Fed buy gold for $7000 to cause inflation? Gold silver Bitcoin win. Savers lose. What do you think?
— therealkiyosaki (@theRealKiyosaki) August 30, 2020
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BITCOIN BREAKING OUT!! | Massive BTC Symmetrical Triangle Points to K | Ethereum (ETH) 2.0 Update
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The Bitcoin price rose to as high as $10,272 on July 26 in an unexpected weekend rally.
It liquidated $74 million worth of long contracts on BitMEX alone, catching many traders off guard.
There appear to be two main reasons behind the abrupt upsurge of Bitcoin from $9,700 to over $10,200.
They are the liquidation of over-leveraged shorts and traders taking profit from over-extended alternative cryptocurrencies (altcoins).
When the price started to rally, major altcoins, as well as well-performing DeFi tokens, began to slump.
Ethereum declined from $322 to $311, and DeFi tokens, including Aave and YFI, saw steep rejections.
The simultaneous rejections of major altcoins and the price surge of Bitcoin suggest that traders took profit from recent altcoin rallies.
As traders moved their altcoin gains to Bitcoin, it possibly triggered a BTC uptrend, while altcoins declined.
ETH, as an example, rose from $247 on July 23 to $322 on the day’s peak, recording a 30% gain.
Despite the strong sentiment around altcoins, investors are possibly taking a more cautious approach by hedging their gains.
When Bitcoin initially broke over $10,000, it triggered over-leveraged short contracts to become liquidated.
When BTC reached $10,200, it caused a cascade of liquidations to occur, totaling $74 million.
Bitcoin has seen many phases when more than $50 million worth of short or long contracts gets liquidated.
But for this to occur within a span of a few hours is less typical.
The mass liquidations of long contracts at $10,000 also suggest that the $10,000 to $10,200 remains as a heavy resistance area.
As soon as BTC hit $10,200, the price dropped below $10,000, marking a short-lived rally.
As the price of Bitcoin recovered strongly in recent weeks, some industry executives and investors expressed optimism toward BTC and ETH.
“Are you ready?” Grayscale CEO Barry Silbert tweeted when Ether price broke out of the dreaded $280 resistance level on July 25.
Well-known trader Peter Brandt, meanwhile, expects the price of Bitcoin to hit a new record high and eventually make its way to $50,000. He said:
“That is actually where my head is. Massive symmetrical triangle in $BTC points to ATHs, then $50k.”
In other trending Bitcoin news today:
Everything You Need to Know About Ethereum 2.0
The yearslong upgrade – intended to radically transform the world’s largest smart-contract platform – is inching closer to deployment.
The Ethereum Foundation recently announced “Medalla,” a final testnet before the mainnet launch of the Eth 2.0 beacon chain.
As of July 10, some developers, including Ethereum founder Vitalik Buterin, estimate the oft-delayed Eth 2.0 will launch by the end of this year.
When phase zero of Eth 2.0 does ship, little about Ethereum will change in the near term for users and dapp developers.
This is because unlike all other system-wide upgrades in Ethereum history, the Eth 2.0 overhaul will primarily be happening on a different blockchain.
The first phase of development for Eth 2.0 is centered around the creation of a separate proof-of-stake blockchain network called the beacon chain.
On this new network, ETH holders with a minimum of 32 ETH can earn rewards in the form of annualized interest on their wealth.
To earn these rewards, ETH holders must have the appropriate hardware and software connecting to the beacon chain and a strong understanding of how the technology works.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
#DeFi platforms are red-hot with nearly $1b in collateral pledged. Oracles empower not only DeFi, but just about everything that 2nd & 3rd-generation cryptos do. So, it’s hardly an exaggeration to say that #Chainlink will lie at the heart of the #crypto revolution going forward.
— Weiss Crypto Ratings (@WeissCrypto) July 24, 2020
That is actually where my head is. Massive symmetrical triangle in $BTC points to ATHs, then $50k
— Peter Brandt (@PeterLBrandt) July 25, 2020
https://www.coindesk.com/everything-you-need-to-know-about-ethereum-2-0
https://cointelegraph.com/news/why-bitcoin-suddenly-spiked-to-10-200-liquidating-75m-in-fast-rally
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TOP ANALYSTS REVEAL THEIR BITCOIN PRICE TARGETS IN EARLY PHASE OF THIS 'MASSIVE' BTC BULL CYCLE!!
💰 BlockFi: Up To $250 Bitcoin Bonus: https://blockfi.com/cryptonewsalerts
Prominent crypto analysts PlanB and Willy Woo say that Bitcoin is just getting started on its journey towards mass adoption.
In a three-way interview on The Investor’s Podcast Network, on-chain data expert Woo reveals that by his estimations, whales are heavily accumulating BTC while retail investors are just getting started, indicating that Bitcoin is still in the early stages of a bull market.
“What we expect right now is that eventually retail will come in and that’s what we’re seeing right now… We’re seeing this quiet accumulation of even more whales come in and we’re seeing the very first hints of retail. And when retail comes in, you’ll see the inventory on spot exchanges increase. Now they increase because retail are small holders and they tend to store their coins on the Coinbases of this world.
In the later phases of this bull market, you’ll see the inventory on these exchanges increase and we’re still not seeing that yet. So we’re all really early in this phase.
It’s just mind blowing how different it is in that the length of the accumulation off of exchanges is so long and so deep. And secondly, the amount of whales which are holders of more than 1,000 coins, so around $35 million, $40 million of Bitcoin upwards, they’re exploding in numbers right now and we’ve never seen such a sharp climb in that species of holders.”
Woo goes on to explain that, although the cycle may still be in its infancy, the trader has not quite seen a bull market like this one, predicting that Bitcoin will likely never dip below $30,000 again.
PlanB echoes Woo’s bullish outlook, hypothesizing that there is likely at least half a year left in the current bull cycle.
“I totally agree with Willy that we’re in a bull market and in the early phase so we have a long way to go if you ask me. We’re in the bull market since November-December, so we have at least a half year to go.”
The traders’ targets for BTC this cycle also indicate that the flagship cryptocurrency has plenty of room to run this cycle.
Woo says that his mean reversion model shows BTC at least doubling by the time it reaches a top.
“This is a mean reversion model. Fancy words for saying that everything tends towards averages… Right now, when I’m looking at it, it’s $102,000 and it tends to curve upwards. So we’ve still got a bit of room to move.”
In a Twitter post, PlanB makes two predictions using the stock-to-flow model.
PlanB says that if the current cycle behaves like the 2013 cycle, then a price target of $300,000 BTC is in the cards. If it behaves like the 2017 cycle, then $100,000 BTC is the key level instead.
“It already tells a lot. There’s a lot of people thinking that cycles are going to be longer and lower, but well, this data point shows it’s right in the middle of the last two halvings and not lower, so that’s one point. The other point is the chart also shows that after the initial bull market, it will sort of stabilize at an equilibrium after the bull market so it goes down and it stabilizes. For 2013, that was around – if you compare to current price levels – around the $300,000 level. If you look at the more current 2017 bull run, that sort of stopped at the $100,00 level and I find those very interesting of course because those are exactly the price levels of my stock to flow model.”
In other trending Bitcoin News today:
“$50K and BTC’s biggest weekly candle ever: 5 things to watch in Bitcoin this week”
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
Dear Indian #Bitcoiners
Gandhi marched to the sea and made his own salt, an act of civil disobedience that defeated an empire #Bitcoin is civil disobedience that allows you to make your own money Oppressive, centralized, money-printers are collapsingThe Rupee is dead. pic.twitter.com/bfj45wkCBd
— Max Keiser (@maxkeiser) February 14, 2021
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