Tether CEO breaks down reserves backing USDT stablecoin

Amid lawsuits against United States-based exchanges like Coinbase and Binance.US, an executive at a domestic digital asset firm has noted the legal implications of these recent enforcement actions for the industry.The era of trading cryptocurrencies as non-securities is coming to an end, according to Itai Avneri, chief operating officer at the blockchain trading firm INX.…

Tron becomes the fourth blockchain project to be assigned branded hashtags, outspending competition with five hashtags at once. 1309 Total views 44 Total shares Tron (TRX) becomes the fourth blockchain project to receive a custom Twitter emoji hashtag. Justin Sun, Tron’s founder, unveiled the new emoji in a tweet on Friday. As customary in Tron’s marketing…

Warren Buffett's Berkshire Hathaway dumped a portion of its Visa and Mastercard holdings and increased exposure in Nubank, the largest fintech bank in Brazil that's also popular among the country's Bitcoin investors.In a securities filing late Monday, the industrials conglomerate disclosed that it had purchased $1 billion worth of Nubank Class A stock in Q4/2021.…

More than $1 billion worth of Ether has been withdrawn from centralized exchanges within a 24-hour period. It's the second time this year and the price went vertical last time. 6668 Total views 30 Total shares More than $1 billion worth of Ether has been removed from centralized exchanges in 24 hours, leading to speculation…

Cryptographer and leading C++ software engineer at Ripple Nik Bougalis offers advice on remote work management to firms amid the coronavirus pandemic.In a March 16 tweet, Bougalis offered his help to company managers looking to have their teams work remotely. His proposal comes as the ongoing epidemic resulted in a global push for remote work…

Japan-based financial services firm SBI Group and Danish cryptography services company Sepior ApS have partnered to jointly develop a proprietary wallet, according to an announcement published Oct. 13. The wallet is set to ensure secure transactions on SBI’s cryptocurrencies exchange platform, VCTRADE.The SBI Group was established in 1999 in Japan as an Internet-based financial services…

Decentralization via blockchain technology has given rise to several applications such as cryptocurrency, nonfungible tokens (NFTs), decentralized autonomous organizations (DAOs), decentralized finance (DeFi), and many more use cases. However, the future of decentralization may very well extend beyond blockchain technology. Nillion, an internet infrastructure platform based on cryptography, has developed a technology called Nil Message Compute (NMC),…

Ethereum (ETH) has the most developers working on its base protocol of all cryptocurrencies, not counting community project developers, according to a report by crypto asset management firm Electric Capital. The report was published in a Medium post on March 7.Per the post, the company fingerprinted over 20,000 code repositories and 16 million commits to…

Chinese police have arrested three “highly experienced” hackers suspected of stealing up to 600 million yuan (around $87.3 million) in crypto, local news outlet Xinhua reported August 18. The alarm was reportedly first raised by an individual identified by the surname Zhang, who is said to have first filed his complaint March 30 with local…