Alloy by Tether is at the forefront of redefining innovation in the digital economy.

Alloy by Tether is intended to offer a stable value proposition in an otherwise volatile financial landscape. This stability is expected to be achieved by backing each unit of Alloy by Tether with Tether Gold, which represent ownership of physical gold securely stored in Switzerland. Switzerland's reputation for financial stability and asset security further enhances the reliability of Tether Gold. By using Tether Gold as collateral, Alloy by Tether positions itself as a digital asset that is stabilised by gold: the original scarce, low volatility way to preserve value. We believe this approach should instil confidence and a sense of reliability in our users.

At the core of our technology are smart contracts, which are designed to be Ethereum Virtual Machine (EVM) compatible. This includes chains such as Ethereum Mainnet, Polygon, Optimism, Arbitrum, BNB Chain and more.

The choice of Solidity as the programming language for Alloy by Tether's smart contracts is strategic. Solidity is the leading language for Ethereum smart contract development, known for its robustness and security features. By using Solidity, Alloy by Tether is not just versatile across different blockchains but also maintains the highest standards of security and functionality.

For those new to the world of Web3 and blockchain, understanding these components is crucial. Smart contracts can be thought of as self-executing contracts where the terms of the agreement between buyer and seller are directly written into lines of code. They run on the blockchain, can be immutable, and distributed, meaning they run as programmed without downtime, censorship or fraud.

This technology forms the backbone of Alloy by Tether and aUSD₮ tokens.

Tether Announces Launch of Alloy by Tether: A New Digital Asset Backed by Tether Gold

Tether, the largest company in the cryptocurrency industry, is excited to announce the official launch of Alloy by Tether, a ground-breaking tethered asset backed by Tether Gold. Developed by Moon Gold NA, S.A. de C.V. and Moon Gold El Salvador, S.A. de C.V., both of whom are members of the Tether Group, Alloy by Tether aims to redefine stability in the digital economy by combining the strengths of a stable unit of account with the security and reliability of gold.

Alloy by Tether introduces a novel category of digital assets known as tethered assets, designed to track the price of reference assets through stabilization strategies like over-collateralization with liquid assets and secondary market liquidity pools. This innovative approach provides consistent value and stability between the reference asset and its tethered counterpart.

The first token in the Alloy by Tether lineup is aUSD₮. This digital currency is designed to track the value of one US dollar. What makes aUSD₮ unique is that it is over-collateralized by Tether Gold (XAU₮), which means it is supported by real physical gold stored in Switzerland. 

Users can create aUSD₮ tokens using Tether Gold (XAU₮) as collateral. This is a very useful and innovative combination for users who want to engage in digital transactions, payments, and remittances with a currency that feels as familiar as the US dollar without having to sell their XAU₮. Currently, Alloy by Tether smart contracts are deployed on the Ethereum Mainnet. Users can mint aUSD₮ by depositing Tether Gold (XAU₮) as collateral through a process managed by Ethereum-compatible smart contracts. The aUSD₮ smart contract ensures transparency by keeping track of all collateral and minted tokens, using Price Oracles to constantly evaluate the Mint to Value (MTV) ratio.

Alloy by Tether is an open platform that allows the creation of different tethered assets with broader backing mechanics, potentially including yield-bearing products.

Why Is the Crypto Market Collapsing?

Several factors have contributed to this sharp decline in the crypto market. Profit-taking by investors is one of the main causes of this drop, as they look to secure their gains after a period of rise. Additionally, net outflows from Bitcoin ETFs in the United States have increased downward pressure on the market. Another critical factor was the strengthening of the US dollar, triggered by political uncertainty following the surprise decision by French President Emmanuel Macron to call for early elections. This situation prompted traders to turn to the dollar, thereby weakening the price of Bitcoin, which traditionally has an inverse correlation with the US currency.

Recent speeches by officials of the US Federal Reserve (FED) have also weighed on the crypto market. FED Chairman Jerome Powell adopted a more stringent tone, signaling limited interest rate hikes for 2024, which dampened investor enthusiasm for risk assets like cryptos. Simultaneously, massive liquidations were observed, with $245 million in positions liquidated in 12 hours, including $225 million in long positions, increasing the selling pressure.

This price drop has various implications for the crypto market. On one hand, it reflects the market’s increased sensitivity to macroeconomic factors and institutional capital movements. On the other hand, some analysts see this correction as a buying opportunity, especially for altcoins that are testing key support levels. The current trend shows that the crypto market could continue to fluctuate based on global economic developments and monetary policies. Investors must remain cautious and monitor signals of recovery or further declines.

Cryptocurrencies in Free Fall from the Early Hours of This Tuesday

The early hours of this Tuesday were particularly difficult for the cryptocurrency market, which suffered a brutal correction, causing significant losses for major digital assets. Bitcoin (BTC), the largest crypto by market capitalization, saw its price drop below the $66,000 mark, erasing gains from previous trading sessions.

Similarly, Ethereum (ETH), the second-largest crypto by market cap, plunged to $3,400, negating progress made in the previous week. Altcoins weren’t spared from this wave of selling either. Dogecoin (DOGE) and Solana (SOL) recorded drops of nearly 9% within 24 hours, illustrating the heightened volatility that characterizes this market.

The figures are equally alarming for other cryptos. TON and Binance’s BNB also felt the impact of this fall, although BNB better resisted with a limited decrease of 1.5%. At the same time, a significant reduction in Bitcoin positions held by asset managers listed in the United States was observed. In total, nine asset managers reduced their holdings by 3,169 BTC, approximately $208 million. Prestigious names like Fidelity and Grayscale were cited among the notable sellers. These two managers respectively reduced their positions by 1,224 BTC and 936 BTC.

How is the Crypto Market Performing?

The cryptocurrency market is experiencing a downfall, it can be because of the approximately $9 billion BTC being transferred from Mt. Gox’s cold wallet to an unknown address. It likely went through thirteen transactions, raising dump fear in the market. Another reason could be that the spot bitcoin ETF inflows are falling again.

The cryptocurrency market is exhibiting significant volatility, with prices fluctuating unpredictably. Currently, there is a downturn after Bitcoin surpassed its all-time high multiple times in March. The Dencun upgrade and Bitcoin halving did not bring the surge that the market anticipated. Also, as people expected, the latest U.S. SEC approval over the ETH ETFs has not brought any rise in the crypto world. As of the latest update, the Fear and Greed index stands at 61, indicating a greed state.

Which crypto is the best for beginners?

Deciding which cryptocurrency to invest in can be a daunting task, especially for beginners. There are many factors to consider, such as market capitalization, volatility, and liquidity.

With that in mind, here are three cryptocurrencies that are ideal for beginners: Bitcoin, Binance coin, and Ethereum.

Bitcoin is the original cryptocurrency and still the most widely used. It is also the most stable, with a market capitalization of over $100 billion. Binance coin (BNB) is another safe option since it is also one of the largest cryptocurrencies on the market and it runs on the secure binance smart chain.

It is faster and cheaper to transact than Bitcoin, making it more practical for everyday use. Ethereum is a relatively new coin but has already become the second-largest cryptocurrency by market cap. It is used extensively by developers and is supported by a large ecosystem of apps and services.

So, if you’re looking to get started in the world of cryptocurrencies, these three coins are a great place to start.

Holding a crypto

If you’re looking to make some extra money, you may want to consider investing in cryptocurrency. Some of the more popular ones include Bitcoin, Ethereum, Litecoin, and Ripple.

Unlike traditional fiat currencies, which are issued by central banks, cryptocurrencies are decentralized and not subject to government interference or manipulation. So, how can holding a cryptocurrency make you money?

If the value of the currency goes up, you can sell it for a profit. Some employers are now starting to offer to pay salaries in cryptocurrency, so holding a currency could give you an advantage (or disadvantage) when it comes to getting paid.

In short, there are several ways that holding a cryptocurrency can make you money. So if you’re looking to invest in something new, cryptocurrency may be worth considering.

Centralized exchange

A centralized exchange is a type of cryptocurrency exchange that allows users to buy and sell digital assets. These crypto exchanges are typically regulated by financial authorities and require users to complete KYC (know your customer) procedures before they can begin trading.

Centralized exchanges typically offer a wider range of features and services than their decentralized counterparts, but they also come with some risks. For example, because these exchanges hold user funds in central wallets, they are susceptible to hacking attacks.

In addition, centralized exchanges may be subject to sudden shutdowns or other changes in policy that can result in user losses. As a result, it’s important to do your research before choosing a centralized exchange. While these exchanges can offer a convenient way to buy and sell digital assets, it’s important to be aware of the risks involved.

The benefits of investing in crypto

When it comes to investing, there are a lot of options out there. But in recent years, more and more people have been turning to crypto as a way to grow their money. And it’s no wonder why – crypto offers a lot of benefits that other investments just can’t match.

For one thing, crypto is incredibly volatile, which means that there’s always the potential for big gains because it’s still a relatively new asset class. But at the same time, you need to be aware that you could lose money just like investing in stocks.

And then there’s the fact that crypto is borderless and open 24/7, which makes it accessible to anyone with an internet connection. So if you’re looking for an investment that has the potential to generate great returns, cryptocurrency might be worth considering.

The 5 best crypto to buy now

It seems like every day there’s a new coin that is “the next big thing.” How do you know which ones to trust?

Bitcoin (BTC)

Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million.

Bitcoin can be used to pay for things electronically if both parties are willing. In that sense, it’s like conventional dollars, euros, or yen, which are also traded digitally.

Ethereum (ETH)

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third-party interference. It is a censorship-resistant platform where users are in full control.

XRP (XRP)

XRP is a digital asset that is used to power the Ripple network, a real-time gross settlement system (RTGS) that facilitates international payments. Unlike other digital assets, XRP is not mined but is instead issued by Ripple Labs, the company behind the Ripple network.

XRP can be used to purchase goods and services or to send money overseas. The Ripple network also allows for the exchange of other currencies, including fiat currencies, making it a versatile platform for international payments.

Cardano (ADA)

Cardano is a decentralized public blockchain and cryptocurrency project. Cardano is founded on the idea that blockchains can be more than just digital ledgers – they can be used to build commercial-grade applications.

Cardano is being built from the ground up to support this vision and is one of the few blockchains with a research-first approach.

Solana (SOL)

Solana is a cryptocurrency that offers fast, secure, and scalable transactions. Using a proof of stake consensus, Solana can process over 65,000 transactions per second. That’s among the fastest existing blockchains!

In addition to being incredibly fast, Solana is also highly secure.

$BTC $BTC
What Is Bitcoin Halving?

The Bitcoin Halving takes place about every four years and reduces the block reward by 50%. This lowers the supply of bitcoins entering the market, which increases scarcity and can act to raise its price if market conditions remain the same.

Block rewards are part of the blockchain's automatic process of validating transactions and opening new blocks (called mining). Miners, participants who compete in a race to solve a cryptographic puzzle, are given new bitcoins if they are the first to solve it.

Their block is added to the blockchain, they receive a reward, and the network starts another race. All miners confirm the data in the newly added block while trying to solve the puzzle for their own new blocks, hoping for an ever-decreasing reward.

A Bitcoin halving event occurs about every four years when the reward for mining is cut in half.
Halvings reduce the rate at which new coins are created and thus lower the available amount of new supply.

Bitcoin last halved on April 19, 2024, resulting in a block reward of 3.125 BTC.

The final halving is expected to occur in 2140, when the number of bitcoins circulating will reach its maximum supply of 21 million.

Is Bitcoin Halving a Good Thing?

There are several reasons Bitcoin halvings are considered by many to be good for bitcoin's ecosystem and market value. For others, it might not be such a good thing.

The Bitcoin Halving is intended to counter any inflationary effects on Bitcoin by lowering the reward amount and maintaining scarcity. However, this inflation "protection" mechanism does not protect Bitcoin users from the inflationary effects of the fiat currency to which it must be converted to be used in an economy.
Gains made regarding market value might offer inflation protection for investors, but they don't for the cryptocurrency's intended use as a payment

What Are the Bitcoin Halving Dates?

Nov. 28, 2012, to 25 bitcoins
July 9, 2016, to 12.5 bitcoins
May 11, 2020, to 6.25 bitcoins
April 19, 2024, to 3.125 bitcoins
Mid-2028, to 1.5625 bitcoins

#vopo Dubai, UAE – May 27th, 2024

VOPO Coin is not just another player in the memecoin space; it’s a disruptive innovation with a clear mission to master the market alongside industry giants like Doges and Pepes. Positioned as the embodiment of fun and quirkiness in the world of crypto, VOPO seamlessly merges memes with universal adoption.

Resonating throughout the crypto community, $VOPO is set to establish itself as a major contender in the memecoin realm, leveraging the support of the Binance-backed BNB chain. In a sea of dogs, frogs and more VOPO’s captivating Cat-themed marker, $VOPO is poised to challenge the established norms, ushering in a new era of innovation within the industry.

At its heart, $VOPO champions the empowerment of its community, boasting a remarkable 100% availability on decentralized exchanges right from the start. This commitment to inclusivity and engagement underscores VOPO’s dedication to decentralization and collective advancement in the crypto domain.

Distinguished by its decentralized framework and burnt LP model, VOPO charts a course for a promising journey ahead, demonstrating its potential for exponential growth and significant market influence.

As a fully decentralized and ownerless coin, VOPO embodies a unique ethos of community-driven currency, where community participation and ownership are paramount. Backed by cutting-edge technology, VOPO stands out as a genuine community-centric memecoin, with all $VOPO actively circulating in the market, signaling a promising start to its journey.

With ambitions to lead the pack among memecoins such as $DOGE, $SHIB, and $PEPE, known for their billion-dollar valuations, $VOPO exemplifies a relentless pursuit of excellence and industry recognition.

Guided by a steadfast commitment to excellence and community-driven success, $VOPO embarks on a transformative journey to redefine the memecoin landscape and secure a prominent position among industry leaders.

Background of Pepe coin

Pepe the Frog, a ubiquitous frog internet meme, has undergone a surprising metamorphosis, emerging as a player in the Cryptocurrency space. Launched in April 2023, Pepe Coin has garnered significant interest from investors and meme enthusiasts. But before we delve into its potential future, let’s explore Pepe Coin’s origins and the technology that powers it.

History and development

Shrouded in a bit of mystery, Pepe Coin’s exact origin story remains unclear. The developers behind the project have chosen to stay anonymous, but their creation sparked a frenzy within the Cryptocurrency community in April 2023. Capitalising on the internet’s fondness for Pepe the Frog, Pepe Coin rode a wave of nostalgia and humour into the Crypto market.

Technology behind Pepe coin

To understand Pepe Coin, we need to grasp the fundamental concept of blockchain technology. Essentially, blockchains are secure digital ledgers that record transactions across a decentralised network of computers. This technology underpins Cryptocurrencies like Pepe Coin, ensuring secure and transparent transactions.

However, Pepe Coin isn’t your average Cryptocurrency. It falls under the category of meme coins, digital assets inspired by internet memes, known for their potential for high volatility and strong community focus. Pepe Coin leverages blockchain technology to function as a meme coin, allowing users to buy Pepe, sell, and trade Pepe Coin tokens on various Cryptocurrency exchanges.

Pepe Coin’s unique features and how it stands out

Not all meme coins are created equal. While the core technology behind Pepe Coin might resemble other Cryptocurrencies, it may possess unique features that differentiate it from the pack. Potential differentiators could include tokenomics (such as the total supply of Pepe Coins and any burning mechanisms in place) or features designed to cultivate a strong community.

#VOPO VOPO Coin, a new cub on the block, is making waves with a bold ambition to claim the top spot in the memecoin realm by rubbing shoulders with icons like Doges and Pepes. Positioned as the fun and quirky side of crypto, VOPO represents memes that intersect with universal adoption.

Resonating across the crypto community, VOPO seems to emerge as a significant player in the memecoin space, powered by the robust Binance-supported BNB chain. Introducing an amusing Cat-themed meme coin, VOPO positions itself to challenge established market leaders and redefine meme economy.

At its core, VOPO champions community empowerment, with a full supply availability on decentralized exchanges, championing inclusivity and engagement from the outset, across the globe. With all its tokens circulating in the market, VOPO epitomizes decentralization and collaborative progress in the crypto sphere.

Setting itself apart with a decentralized framework and a burnt LP model, VOPO foresees an exciting yet promising market journey, highlighting its potential for exponential growth and market impact.

Priced modestly, VOPO encourages collaboration and community involvement, underlining its dedication to cultivating a united and an engaged community. This VOPO’s launch on decentralized exchanges underscores VOPO's unwavering commitment to the decentralized community-driven initiatives.