Stablecoin issuer Tether has announced its plans to double its workforce by mid-2025 in an effort to bolster key areas like compliance and finance. This move comes as Tether seeks to solidify its position in the market and handle its staggering $118 billion in assets backing the USDT stablecoin. With only a small team currently
Impact
Shibarium, the layer-2 scaling solution for Shiba Inu, has been making significant advancements in terms of processed transactions and overall improvements. The recent announcement of a hard fork featuring the new Bor version showcases the team’s commitment to enhancing the ecosystem. Scheduled for August 9, this upgrade will introduce a burning mechanism aimed at reducing
Thailand’s Securities and Exchange Commission (SEC Thailand) has recently introduced a Digital Asset Regulatory Sandbox to foster innovation within the digital asset sector. This initiative is aimed at supporting the testing and development of services related to digital assets in a structured and regulated environment. By providing a platform for businesses to explore new and
OKX CEO, Star Xu, recently issued a warning to users about the potential risks associated with interacting with the sanctioned crypto mixer, Tornado Cash. He emphasized that deposits from sanctioned entities such as Garantex and Tornado Cash, or withdrawals to these entities, could trigger compliance risks and ultimately lead to account suspension. Xu highlighted the
Coinbase, one of the leading cryptocurrency exchanges, has taken a bold stance against the US Commodities Futures Trading Commission (CFTC) proposal that could potentially harm prediction markets like Polymarket. The Chief Legal Officer of Coinbase, Paul Grewal, criticized the proposal for its vague definition of “gaming” and its failure to acknowledge the positive economic impact
The cryptocurrency market has witnessed an impressive recovery as Bitcoin’s price surged past $60,000 and neared $63,000 for the first time since the weekend. The recent market-wide crash that occurred last week and on Monday saw BTC’s price plummet from over $66,000 to a 6-month low of $49,500. However, the asset quickly started to bounce
Immutable, a prominent player in the NFT and blockchain gaming space, has recently announced its decision to close down its NFT marketplace. This strategic move is in line with the company’s vision of bolstering its network by supporting other marketplaces within its ecosystem. The closure of Immutable Marketplace is scheduled to begin on August 13,
In today’s rapidly evolving political landscape, the intersection of cryptocurrency advocacy and political campaigns has become increasingly prominent. A recent Fox Business report highlighted the emergence of a new advocacy group, “Crypto for Harris,” aimed at challenging Donald Trump’s industry appeal. This development signifies the growing influence of the cryptocurrency industry in shaping political narratives
BTSE has taken a significant step forward in the world of decentralized trading with the launch of BTSE Dex 2.0. This new platform introduces cross-compatibility for Ethereum Virtual Machine-based chains, opening up opportunities for trading on over 50 perpetual futures across networks like Base, Optimism, and Arbitrum. By tapping into Orderly Network’s decentralized exchange protocol,
In response to a $230 million cyberattack on July 18 that disrupted platform operations, WazirX has taken the decision to restore user balances to their state as of July 18, 1 P.M. IST. This move comes after the suspension of withdrawals and the reversal of trades conducted between July 18 and July 21. The restoration