Ethereum Whales Accumulate in Anticipation of ETH 2.0

Ethereum Whales Accumulate in Anticipation of ETH 2.0

Centralization of ETH among the 100 largest wallets is growing, signaling that whales are accumulating ahead of Ethereum’s ‘ETH 2.0’ revamp. Whales appear to be accumulating Ether (ETH), with the percentage of ETH supply controlled by the top 100 wallets standing near 25%.The observation was made by blockchain data analysis firm Santiment, who tweeted that the centralization of ETH among top wallets suggests that whales are accumulating.Santiment argues that the data indicates large investors…

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Tether Launches USDT Stablecoin on Algorand Blockchain

Tether Launches USDT Stablecoin on Algorand Blockchain

Leading stablecoin operator Tether launched its U.S. dollar-backed stablecoin USDT on the Algorand proof-of-stake blockchain. Leading stablecoin operator Tether launched its U.S. dollar-backed stablecoin USDT on the Algorand proof-of-stake (PoS) blockchain.In a press release on Feb. 10, Tether announced that USDT on Algorand will feature confirmation times as low as four seconds and transaction fees of a fraction of a percent. Tether chief technical officer Paolo Ardoino said:“Our latest collaboration with Algorand leverages the…

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