Tether, the stablecoin issuer behind USDT, has announced plans to double its workforce within the next year. The company aims to bolster areas such as compliance by increasing its headcount to approximately 200 employees by mid-2025. This move comes as Tether looks to strengthen its finance department, which manages the $118 billion in assets backing
Crypto
Shibarium, the layer-2 scaling solution for Shiba Inu, is set to launch a hard fork on August 9, introducing a burn mechanism to enhance the ecosystem. This latest upgrade aims to improve transaction speed, scalability, and lower costs, all in an effort to foster the development of the Shiba Inu ecosystem. The hard fork will
Grayscale Research has recently expressed optimism regarding Bitcoin’s potential to revisit its all-time high later this year. This positive outlook is contingent upon the U.S. economy avoiding a recession. The firm highlighted a period of stabilization in both crypto assets and broader financial markets following sharp declines from August 2 to August 5. Factors Contributing
Bitcoin has been on a rollercoaster ride recently, with its price recovering from the market-wide crash that occurred at the end of last week. The asset’s price tumbled from over $66,000 to a 6-month low of $49,500 within a few days. However, it quickly started to bounce back, reaching $53,000 on Tuesday and climbing to
Metaplanet, a Japanese investment firm, recently secured a $6.8 million loan from one of its shareholders, MMXX Ventures. The loan, denominated in Japanese yen, is intended to bolster Metaplanet’s Bitcoin holdings. This move comes on the heels of the firm’s decision to raise $70 million through a stock rights offering, with a significant portion of
In the realm of cryptocurrency, a new advocacy group called “Crypto for Harris” has emerged to counter the industry appeal of rival Donald Trump. This group is gearing up to host a virtual town hall meeting in support of the Harris campaign and to boost fundraising efforts. With notable figures such as crypto advocate Mark
Brazil’s Securities and Exchange Commission (CVM) has recently approved the country’s first Solana-based exchange-traded fund (ETF), positioning Brazil ahead of other countries in the crypto investment landscape. This approval marks a significant advancement in Brazil’s regulated investments in crypto assets and has sparked interest in the market regarding potential Solana ETF approvals in the United
The finalizing of a $12.7 billion settlement by United States District Judge Peter Castel against FTX and Alameda Research has sent shockwaves through the cryptocurrency world. This settlement, part of an agreement with the United States Commodity Futures Trading Commission (CFTC), marks the end of a lengthy legal battle that began 20 months ago. The
XRP has emerged as a standout in the volatile world of cryptocurrencies, defying the downward trend that has plagued other major assets. With a remarkable 20% surge in its price over the past day, XRP has showcased resilience and strength in the face of market uncertainty. This surge has propelled XRP to $0.64 before a
Shiba Inu has been making waves in the crypto market, with its price experiencing incredible surges in the past. The price of Shiba Inu gained an astonishing 1,000x in Q2 2021, followed by a 10x surge during the next big rally in Sept-Oct 2021. However, despite these impressive gains, investors had to wait until the