Cryptocurrency firm Tether — the issuer of stablecoin, Tether (USDT) — expects to make a $700 million profit in the first quarter of 2023, matching the profits of the last quarter of 2022, Tether chief technology officer Paolo Ardoino told Cryptox at Paris Blockchain Week 2023.“I don’t have the final 1.7BCTOExcessIssuerReservesTetherUSDT Read More
At Paris Blockchain Week 2023, Tether chief technology officer Paolo Ardoino spoke with Cryptox reporter Joseph Hall to discuss topics such as USD Coin (USDC) breaking its dollar peg and how it highlights the importance of Bitcoin (BTC) and decentralization. Cryptox journalist Joseph Hall with Tether CTO Paolo Ardoino at Paris BitcoinCTODePegMaxisTetherUSDC Read More
Former Coinbase chief technology officer Balaji Srinivasan has made a millionaire bet on Bitcoin's (BTC) price over the next 90 days, predicting the cryptocurrency price will reach $1 million by June 17. The wager was initiated on March 17, when pseudonymous Twitter user James Medlock offered to bet anyone $1 million BetBitcoinsCoinbaseCTOPerformance Read More
Per recent updates, the ETH Denver event is in progress with even more announcements and features being released to the crypto community.
Ethereum has for years supported three different iterations of smart contracts, that is, ERC-20, ERC-721, and ERC-1155. However, at this year’s ETH Denver, a new class of ERC-20 tokens was adoptionArbitrumCTODriveERC4337LaunchedLayer2ScalingTalks Read More
The CEO of Composable Finance has vigorously refuted allegations of legal improprieties at his decentralized finance (DeFi) infrastructure platform, which was being aired by the firm's former CTO Karel Kubat. In a Feb. 20 Twitter post, Composable Finance's now-former CTO Karel Kubat announced he had stepped down from the firm. He also CEOComposableCTODeniesFinanceLegalStepsViolations Read More
Tether (USDT) — the world’s largest stablecoin by market capitalization — has never received any loan from the bankrupt cryptocurrency lender Celsius, according to the chief technology officer.Paolo Ardoino, CTO at Tether and Bitfinex crypto exchange, took to Twitter on Jan. 31 to announce that Tether has “never borrowed from BankruptBorrowingCelsiusCTODeniesLenderTether Read More
Ripple CTO David Schwartz voiced harsh criticism against the Flare Network in a series of tweets today. After more than two years following the snapshot for XRP holders, the project finally conducted its airdrop for the FLR token on Monday, January 9.
As NewsBTC reported, the FLR token already experienced a AdvisesAllegationsCTOFLRRaisesRippleSellingTokens Read More
Ripple’s chief technology officer has responded to a conspiracy theory fabricated by Artificial Intelligence (AI) tool ChatGPT, which alleges the XRP Ledger (XRPL) is somehow being secretly controlled by Ripple. According to a Dec. 3 Twitter thread by user Stefan Huber, when asked a series of questions regarding the decentralization ChatGPTConspiracyCTORippleShutsTheoryXRP Read More
A Ripple executive says there is one important lesson from the meltdown of crypto exchange FTX that he “can say with total confidence will not be learned.” The executive added: “Regulation that punishes after the fact won’t catch it. Investor due diligence won’t either.”
One Lesson From FTX Collapse That Won’t BitcoinCTOFeaturedFTXImportantLearnedLessonMeltdownNewsRipple Read More
The fall of major crypto ecosystems — such as FTX and Terra (LUNA) — this year highlighted the importance of transparency around the true reserves held by crypto exchanges and businesses. Amid the ongoing fear, uncertainty and doubt (FUD) across the crypto space, crypto exchange Bitfinex revealed its proof of BankruptcyBitfinexCTOFiascoFTXProofReleasesReserves Read More