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Tether CTO Highlights a Coordinated Attack by Hedge Funds to Short USDT, Reiterates the Stablecoin is 100% Backed

Summary: Tether’s CTO, Paolo Ardoino, has identified a coordinated attack on USDT by traditional hedge funds shorting the stablecoin. According to Mr. Ardoino, the attack involves a new wave of FUD, trolling, clowns, and more. Mr. Ardoino has reiterated that Tether is 100% backed by reserves. He also added that Tether is phasing out

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Ex-Sushi CTO Raises $8 Million for Astaria, an NFT Lending Platform

Astaria, a non-fungible token (NFT) lending platform and liquidity engine, has acquired $8 million in early capital to support its development throughout the down market. True Ventures, Arrington Capital, Ethereal Ventures, Wintermute, Genesis Trading, LedgerPrime, Hypersphere Ventures, The LAO, and several other investors participated in the preliminary round of funding.   Users

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Stablecoins are the perfect Trojan horse for Bitcoin, says Tether CTO

As one of a number of Cointelegraph representatives attending the Paris Blockchain Week Summit (PBWS) at the historic Palais Brongniart — a neoclassical building that had been the headquarters for the Parisian stock exchange from 1826 to 1987 — European news reporter Joe Hall sat down for an in-depth interview

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Former SushiSwap CTO writes short reflection about leadership failures at blockchain DEX

On Friday, Joseph Delong, former chief technology officer of decentralized exchange, or DEX, SushiSwap, published a brief reflection of experiences during his tenure.Delong unilaterally resigned two days prior, citing internal structural chaos among developers behind the popular DEX. In explaining his decision, Delong outlined failures to scale operations, lack of

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AWS turns crypto exchanges offline, and Sushi CTO resigns, Dec. 3–10

Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter.Although the markets may be down and technical indicators built upon AWS malfunctioning, fear not young degens, fundamental news and the spirit of Wagmi is abundant as ever. So, read on and discover all you need to know about the most important

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SushiSwap CTO resigns citing internal structural chaos

Late Wednesday, Joseph Delong, chief technology officer of SushiSwap, the thirteenth largest decentralized exchange, or DEX, by trading volume, tendered his immediate resignation from the role. Explaining his decision, Delong gave the following statement:"I wish Sushi the best and am saddened that Sushi is so imperiled within and without. The

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