Miami Beach-based cryptocurrency project $Garbage is gaining popularity in the crypto world with its unique garbage-themed meme coin. The project aims to challenge the current state of global affairs and the financial system by embracing the idea of a “cesspool of dysfunction.” $Garbage is a community-driven movement that aims to expose the flaws in the […]
Paolo Ardoino has been announced as the new CEO of Tether, a leading cryptocurrency company, starting in December. Ardoino played a key role in developing the strategy that led to the significant growth of Tether’s market capitalization. This appointment comes as Tether continues to solidify its position in the cryptocurrency market. With Ardoino’s expertise and […]
Tether, one of the leading stablecoin issuers, has announced a surprising management shake-up. Paolo Ardoino, the current Chief Technology Officer (CTO) of Tether, will be promoted to the role of CEO. This move will see him take over from Jean-Louis van der Velde, who will transition to an advisory role for Tether while retaining his […]
Tether, the company behind the largest stablecoin in the world, has announced a change in its top executives. Paolo Ardoino, the current Chief Technology Officer (CTO), will take over as CEO starting in December 2023. Ardoino will replace Jean Lous van der Velde, the current CEO, who will assume a new position as an advisor […]
In a recent development, crypto lending firm Celsius Network has transferred around $30 million worth of crypto assets, including Ethereum (ETH) and stablecoins, amid its ongoing legal battles. The company also transferred a significant amount of its CEL tokens, representing almost the total supply of CEL tokens in existence. This move has raised speculation about […]
Caroline Ellison, the ex-girlfriend of Sam Bankman-Fried, concluded her testimony in the trial on Thursday. Over the course of three days, she was questioned about her company’s accounting practices. Ellison revealed that Alameda had engaged with several accounting firms in 2021 and 2022, but none of them were able or willing to handle the task […]
Tether, the issuer of the world’s largest stablecoin, is undergoing a leadership change as it seeks to expand its focus. Paolo Ardoino, who has been serving as Tether’s chief technology officer since 2017, will take over as CEO in December 2023. He will replace Jean-Louis van der Velde, who will transition to an advisory role […]
FTX, a major cryptocurrency exchange, recently filed for bankruptcy after being hacked for $477 million. The stolen funds, primarily in ether, remained inactive for five days before a significant amount was moved to the Bitcoin blockchain. The perpetrators then used a mixer to convert the stolen funds into Bitcoin, with some of it potentially being […]
Explosive Testimonies in Trial of Former FTX CEO Reveal Alameda’s Role in Financial CrisisThe ongoing trial of former FTX CEO Sam Bankman Fried has brought to light shocking revelations through testimonies from former key FTX and Alameda executives. In a recent court proceeding, former Alameda Research CEO Caroline Elisson testified and a recording of a […]
At the recent Future Innovation Summit event in Dubai, a panel discussion titled “Stablecoins, Central Bank Digital Currencies and Cross-Border Payments” explored the possibility of coexistence between CBDCs and stablecoins. The panel consisted of industry experts including Jorge Carrasco, Nikita Sachdev, Jagadeshwaran Kothandapani, and Eetu Kuneinen.Kuneinen argued that CBDCs, although built on a blockchain, would […]
