Tether Holdings, the issuer of the world’s largest stablecoin by market capitalization, Tether (USDT), is reportedly preparing to update the frequency of releasing its reserve data reports. Paolo Ardoino, Tether’s chief technical officer and upcoming CEO, disclosed that the firm plans to start publishing reserve data in real-time in 2024, Bloomberg reported on Oct. 20. Tether did not immediately respond…
In 2021, the Australian branch of the Red Cross received $90 million to aid the victims of the bushfires that plagued various regions of New South Wales and Victoria. However, the organization soon came under fire for its lack of transparency when it revealed that it would only distribute around one-third of the intended funds on immediate assistance and that…
Cross-game digital avatar platform Ready Player Me is launching branded character skins with a variety of major brands and IP, including Angry Birds game studio Rovio, the TV talent show “The Voice,” and Warner Music Group (WMG), Ready Player Me announced Friday. The new collections are a part of Ready Player Me’s upcoming Premium Skins Catalog, which will let brands…
Until Bitcoin (BTC) breaks its long-established $25-30k trading range, the crypto market is arguably in what some analysts have called a “crab market”. It is likely that a decisive macroeconomic or crypto-specific catalyst will be necessary to break out of it. This failed to occur in the month of September. BTC price briefly tested the lower end of the established…
The Chamber of Digital Commerce has aligned with various digital assets firms, associations, legal experts and legislators in a collective effort to challenge the Binance vs. U.S. SEC lawsuit. The blockchain trade association through the recently filed amicus brief seeks to thwart the SEC’s endeavor to oversee the cryptocurrency sector without explicit authorization from the U.S. Congress, halting the SEC’s…
Upland, a blockchain real estate collecting and trading game, announced a $7 million Series A extension raise on Friday. Led by EOS Network Ventures in the fund’s first crypto gaming investment, the extension follows the initial $18 million Series A raise in 2021. The injection of capital will go to adding more features for the location-based game, which lets players…
Google Cloud has teamed up with blockchain infrastructure firm MultiversX (formerly Elrond) to boost its Web 3 presence. Google Cloud has integrated MultiversX into the platform which will in turn help Web3 projects and users derive valuable insights from powerful data analytics and artificial intelligence tools within the Google Cloud ecosystem. MultiversX claims that the partnership between the two firms…
Ripple’s XRP is a peer-to-peer private centralized cryptocurrency based on a distributed consensus ledger. The Ripple platform facilitates money transfers, focusing on low operation fees and lightning-like transaction speed. Ripple is the world’s only corporate crypto solution for global payments. Some argue that Ripple cannot even be called a cryptocurrency, while others are confident that this is the most promising…
Thor Technologies, under the leadership of its founder David Chin, has faced a legal setback in an ongoing dispute with the U.S. Securities and Exchange Commission (SEC) over the unapproved sale of $2.6M in crypto asset securities. The SEC on Oct. 19 announced their victory after a default judgment was issued against Chin and Thor by a San Francisco district…
Stablecoin issuer Maker Protocol’s annualized revenue surged to a new all-time high of $203 million yesterday, according to Makerburn.com data. The previous peak was $172.3 million in May 2021. Maker is a stablecoin issuing platform on Ethereum, governed by the MakerDAO community formed of MKR token holders. The supply of the protocol’s stablecoin, DAI, reached a new yearly high of…
