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USDT stablecoin issuer Tether has appointed Paolo Ardoino as its new CEO. Jean-Louis van der Velde, the company’s former CEO, has moved into an advising position to continue his contributions. Ardoino’s growth into emerging fields and investment in Bitcoin have been met with praise from the cryptocurrency community. Paolo Ardoino
According to whale monitoring resource Whale Alert, an unknown wallet transferred 23.7 million Ripple (XRP) valued at $11.5 million to major Latin American exchange Bitso on Wednesday. The large transfer occurred around 7:56 PM UTC on October 11th. Notably, the whale only spent a tiny fraction of XRP, around 0.000015
Solana co-founder Anatoly Yakovenko is citing an “obvious” use of cryptocurrencies and blockchain technology. Yakovenko cites straightforward payments as an example of an application of digital assets that may benefit everyone in a recent interview with Austin Federa, Head of strategy at the Solana Foundation. Solana validator indicators such as
In November 2022, the crypto world witnessed a shattering chapter in its history with the collapse of FTX, a once-prominent crypto exchange. What initially appeared as a mere accounting oversight soon unveiled itself as a massive fraud, resulting in the loss of billions of dollars for customers and investors. Shockingly,
The legal advisory landscape is undergoing rapid transformation in the United Arab Emirates, particularly in Dubai, where a new generation of techno-legal firms is taking centre stage. These firms are embracing “Law 2.0,” a forward-looking approach, to provide crucial compliance and regulatory assistance. Adding to it, Dubai’s proactive stance in
Cardano founder Charles Hoskinson recently confirmed plans to enable stake pools to validate transactions on the new Midnight blockchain. During an Oct. 10th livestream with Midnight CEO Eran Barak, Hoskinson provided an update on the data privacy-focused network first unveiled at IOG’s 2022 summit. Midnight leverages innovative cryptography to enable
The escalating Hamas-Israel confrontation is having repercussions beyond the realm of politics. There are also indications of trouble in the cryptocurrency sector. Bitcoin and other cryptocurrencies are already feeling the heat. Traditional equity investments have seen a decline in popularity among investors. The trend now is clearly towards safer assets
Crypto tracker Whale Alert recently detected two massive XRP transactions totaling nearly 60 million tokens worth over $59 million. The transfers were sent from a wallet linked to Ripple Labs to the digital asset exchanges Bitstamp and Bitso. Each transaction carried over 29 million XRP. Ripple has moved large sums
Solana’s inflows spiked dramatically last week, putting it above all other altcoins and even Bitcoin. According to a new report from Coinshares, Solana has been receiving a lot of attention due to its recent achievements. The cryptocurrency has gathered about $24 million, marking its greatest influx since March 2022. The
Blockchain tracker Whale Alert detected the transfer of nearly 90 million XRP tokens worth over $45 million recently. The shifts come as new possibilities emerge in the long-running Ripple lawsuit following a denied appeal bid. According to Whale Alert, Ripple transferred 60 million XRP valued at $31 million to an
