Tether, the company behind the most widely used stablecoin, USDT, has announced that it expects to report a profit of $700m for Q1 2023.
According to Tether’s chief technology officer (CTO), Paolo Ardoino, the projected profit for Q1 2023 would match the profit of Q4 2022, which was also $700m. It means 700MPostProfitsSetTether Read More
Sushi, the Web3 exchange that pivoted into a decentralized autonomous organization (DAO), is seeking to organize a legal defense fund. If approved, the proposal, which already is available for voting, will put $3 million USDT as part of a fund to defend itself from legal actions against the organization and BitcoincryptoexchangeDAODefenseDeFiExchangesFundLegalNewsProjectReceivesSECSetSubpoenaSushiUnspecified Read More
Taiwan’s Financial Supervisory Commission is set to be announced as the body that will oversee and regulate the virtual asset industry. According to a report, the collapse of crypto exchanges like FTX prompted Taiwanese officials to seek ways of protecting users against similar events should they recur.
Virtual Asset Industry’s AssetsBitcoinCommissionCountryscryptoexchangeExchangesFinancialindustryNewsRegulateRegulationSetSupervisoryTaiwansVirtual Read More
In the appeal to Supreme Court, crypto exchange Coinbase is willing to send the two lawsuits – Bielski v. Coinbase and Suski v. Coinbase – into arbitration.
On Tuesday, March 21, the US Supreme court is all set to hear its first-ever crypto case in history. Nine chief justices will CaseCourtCryptoHearSetSupremeTuesday Read More
The current environment is the perfect setting for the decentralized financial system to stand out as an alternative to traditional banking, the report said.
Source BankBernsteinCryptoCurrencyMarketProblemsSetUpside Read More
Ethereum co-founder Vitalik Buterin has emphasized the importance of having a varied set of “guardians” to maximize the safety of crypto asset self-custody via multisig and social recovery wallets. Given the ever-growing rate of crypto scams and hacks over the past few years, and several major crypto firms going bust ButerinDiversifiedGuardiansrequiredSafeSelfCustodySetVitalik Read More
Cryptocurrency exchange Coinbase is reportedly planning to set up a crypto trading platform outside the United States, where it is currently headquartered.According to a March 17 Bloomberg report, Coinbase discussed setting up the non-U.S. platform with some of its institutional clients. The reported move came amid many U.S. lawmakers and BitcoinCoinbaseCryptocryptoexchangeExchangesPlanningPlatformReportSetTrading Read More
The rise of ChatGPT has been nothing short of spectacular. Within two months of launch, the artificial intelligence (AI)-based application reached 100 million unique users. In January 2023 alone, ChatGPT registered about 590 million visits.In addition to AI, blockchain is another disruptive technology with increasing adoption. Decentralized protocols, applications and benefitBitcoinBlockchainbasedcryptoexchangedataExchangesInfrastructureSet Read More
A target date for the highly anticipated Shanghai hard fork has now been set: April 12. Ethereum core developers approved the target deadline during the All Core Developers Execution Layer #157 call on March 16.Initially estimated for late March, the Shanghai mainnet upgrade features five Ethereum Improvement Proposals (EIPs), including AprilBitcoinCorecryptoexchangeDevelopersEthereumExchangesForkHardSetShanghai Read More
In episode 11 of Hashing It Out, Cointelegraph’s Elisha Owusu Akyaw speaks to Steven McClurg, the chief investment officer of Valkyrie Investments, about the state of Bitcoin (BTC) exchange-traded funds (ETFs) and the way forward.Regulators in the United States have mounted stiff opposition against listing Bitcoin spot ETFs even though ApprovalBitcoinChiefcryptoexchangeETFsExchangesFiascoFTXInvestmentSetSpotValkyrie Read More