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Tether plans to deploy hashrate on OCEAN, a move that will see the crypto ecosystem giant contribute to the decentralization of Bitcoin mining. In an announcement on April 14, the Tether ( USDT ) issuer said that it planned to mine Bitcoin ( BTC ) through OCEAN’s mining pool, deploying both existing and future hashrate. Tether will roll out the software across its operations globally. It includes underserved locations such as Africa, the company wrote in a blog post. The move to mine via the platform, which was launched by Bitcoin Core developer Luke Dashjr, aligns with Tether’s effort to support the Bitcoin network, said the company’s chief executive officer Paolo Ardoino. “Deploying hashrate to OCEAN aligns with both our mining investments and our broader mission to fortify Bitcoin against centralizing forces,” Ardoino stated. You might also like: Tether buys another $735M in BTC in Q1, bringing total holdings to $8.2B Luke Dashjr, Chairman and chief technical officer at OCEAN added: “Tether’s involvement is a strong signal that decentralization remains a core priority for Bitcoin’s future. Their participation underscores the value of open, censorship-resistant mining protocols.” OCEAN, backed by Jack Dorsey, unveiled its mining pool in late 2023, and moved its headquarters to El Salvador in May 2024. The team at OCEAN introduced DATUM, short for decentralized alternative templates for universal mining in September 2024. Meanwhile, Tether, whose stablecoin USDT has grown to over $144 billion, announced it would establish its headquarters in the Bitcoin-friendly country in early 2025. The collaboration between the two companies is part of Tether’s market presence and investment. Apart from USDT, the company’s growing traction includes infrastructure, education and artificial intelligence . In March, Tether revealed its user base had hit 400 million, managing a 14% spike in the five months going back to October. Most of this happened in the first quarter of 2025. Recently, the company pushed its ownership of Latin America firm Adecoagro to 70%. You might also like: Tether CEO uses viral Simpsons meme to highlight 13% Tether growth in Q1
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Bitcoin’s Potential Surge: Analysts Predict a Price Hit of $137,000
Bitcoin could reach $137,000 based on bullish patterns. Institutional investments may significantly influence market dynamics. Continue Reading: Bitcoin’s Potential Surge: Analysts Predict a Price Hit of $137,000 The post Bitcoin’s Potential Surge: Analysts Predict a Price Hit of $137,000 appeared first on COINTURK NEWS . crypto.news
Veteran Trader Peter Brandt Slams Ethereum, Brands It ‘Worthless Junk’
Peter Brandt does not hold back when it comes to Ethereum, the industry’s second-largest crypto by market cap, as the legendary trader has been vocal about his skepticism for years, and he is not changing his tune now. Brandt’s Argument Against Ether Ether, often considered the “king of smart contracts”, has been a key contender in the crypto market since going live in 2015. Serving as a leading platform for hosting decentralized apps and decentralized finance, Ethereum continues to act as the bedrock for many innovative projects and protocols. Despite ETH’s notable influence, Peter Brandt has described the crypto as “worthless junk” in a blunt assessment. Brandt was responding to an X post pointing to gas problems within the Ethereum ecosystem by simply stating that ETH is worthless. Back in November, Brandt, who has been active on the financial markets since the 1970s, responded to the thesis that Ethereum is too complicated and costly as a crypto ecosystem by describing ETH as a “completely broken utility coin” due to its complexity and exorbitant transaction fees. This opinion aligns with his previous condemnation of Ethereum, wherein he emphasized the limitations of the crypto as a functional ecosystem. Looking Ahead While Brandt is dishing out his critique on Ethereum, the project’s co-founder, Vitalik Buterin, is hinting that future network upgrades could come faster. “I’m seeing a lot of willingness to do faster hard forks post-Pectra with near-zero pushback,” Buterin postulated in an X post, referencing the upcoming Pectra upgrade for Ethereum, currently scheduled for mainnet launch on May 7. As the first major upgrade to the network since Dencun activated in early 2024, Pectra is Ethereum’s most important software update yet. It is expected to bring scalability, slashed fees, increased security, and smart accounts to Ether, paving the way for more efficient transactions and future innovation. Buterin also hinted at details related to the Ethereum blockchain’s anticipated “Glamsterdam” upgrade, which would follow both Pectra and Fusaka, as per Ether’s development roadmap. crypto.news
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ZKsync Crashes Following $5 Million Token Heist
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