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Tether announced Tuesday that it would launch its USDT stablecoin on the Polkadot and Kusama networks.

The post Tether to launch USDT stablecoin on Polkadot and Kusama appeared first on The Block.

In March, Bitcoin futures surpassed $2 trillion and Bitcoin options had over $28 billion.

The post Bitcoin futures and options trading volumes reached all-time highs in March  appeared first on The Block.

Quick Take 

• Converting an existing traded security into an ETF is a novel approach, but Grayscale’s CEO says its track record will be an advantage with regulators and investors.
• The firm says it will not file until it is satisfied that regulators are ready for such a product.

Roger Ver, the owner of Bitcoin.com, told The Block in an interview today that the domain name is not for sale.

The post GoDaddy removes listing that showed Bitcoin.com for sale for $100 million appeared first on The Block.

IThe Internal Revenue Service has ambitious plans to digitize operations in fiscal year 2021, including new crypto projects.

The post The IRS’s $10+ million digitization project aims to find crypto malfeasance using AI appeared first on The Block.

Quick Take

• Decentralized storage networks have the potential to expand existing blockchains’ capabilities.
• Incentive mechanisms are the main component of decentralized storage networks.
• At the moment, Filecoin is experiencing an excess supply, which is why storage miners store useless files.
• Arweave offers permanent storage thanks to its innovative incentive system.

The launch comes a week after the startup, which has developed a new stablecoin system, raised $6 million in a Series A round led by investment firm Pantera Capital.

The post Decentralized lending protocol Liquity launches on the Ethereum mainnet appeared first on The Block.