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Circle Launches 2-Phase Solana Integration With Major New Features

Peer-to-peer payments company and stablecoin (USDC) issuer Circle has announced its integration with the Solana (SOL) blockchain, bringing several important new features to its Web3 services.  According to Wednesday’s announcement, the strategic move will enable Circle to offer programmable wallets and gas stations and allow developers and businesses to build and launch on-chain applications. Advantages […] дальше »

2024-6-13 08:00


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Paxos cuts 20% of workforce amid strong financials due to ‘de-prioritizing adjacencies’

Stablecoin issuer Paxos downsized its workforce by 20% despite robust finances and optimistic growth projections in the stablecoin market, Bloomberg reported on June 12. In an email that notified employees of the change, Paxos CEO Charles Cascarilla said the staff reduction will allow the company to “best execute on the massive opportunity ahead in tokenization […] The post Paxos cuts 20% of workforce amid strong financials due to ‘de-prioritizing adjacencies’ appeared first on CryptoSlate. дальше »

2024-6-13 04:00


Tether Unveils $1 Billion Warchest For Deals And Investments In Key Markets

Stablecoin issuer Tether and its investment arm, Tether Investments, have revealed their intention to allocate more than $1 billion to various investment opportunities over the next 12 months.  According to a Bloomberg report, Paolo Ardoino, Chief Executive Officer behind the USDT stablecoin, shared insights into the company’s next investment strategies and areas of focus in […] дальше »

2024-6-12 01:00


Paxos launches yield-bearing stablecoin Lift Dollar (USDL)

Paxos International, a UAE-based affiliate of stablecoin issuer Paxos, has unveiled a new yield-bearing stablecoin dubbed Lift dollar (USDL). USDL will be the first stablecoin to offer eligible users across the globe the chance to bid for daily yield, with this available in wallets under regulatory oversight, the company announced on June 5. USDL is […] дальше »

2024-6-6 21:51


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Crypto firms on alert after Tether CEO Paolo Ardoino warns of email list breach

Paolo Ardoino, the CEO of stablecoin issuer Tether, warned on June 5 about a potential security breach involving an unnamed crypto mailing list provider. In a post on the social media platform X (formerly Twitter), Ardoino stated that his firm had received two independent confirmations suggesting a prominent vendor responsible for managing mailing lists for […] The post Crypto firms on alert after Tether CEO Paolo Ardoino warns of email list breach appeared first on CryptoSlate. дальше »

2024-6-5 15:40


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Chainlink and Circle partner to enhance stablecoin utility for institutions

Chainlink and stablecoin issuer Circle are partnering to help expand the use of stablecoin across enterprise institutions, according to a press release published May 30. The partnership will enhance the utility of tokenized assets, with developers and businesses tapping into Chainlink industry-standard services and Circle’s USDC and EURC stablecoins. дальше »

2024-5-31 23:14


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VanEck intends to be first spot ETH ETF issuer, argues against simultaneous approvals

VanEck Head of Digital Assets Research Matthew Sigel said on May 22 that the firm should be able to launch its spot Ethereum ETF before competitors. In a conversation hosted by The Block, Sigel said that VanEck was the first to file its S-1 registration statement and “fully expects” to receive comments and “go first. дальше »

2024-5-23 02:04


Bitcoin ETF Issuer WisdomTree Introduces Prime App In NY, Gains Approval For New Crypto Offerings

One of the issuers of spot Bitcoin exchange-traded funds (ETFs) in the US, WisdomTree, has announced the expansion of its WisdomTree Prime app to users in New York.  Related Reading: Meet The New King Of Crypto Payments: Why Users Are Choosing Litecoin Over Bitcoin Expanded Custody And Stablecoin Services This development closely follows WisdomTree’s recent […] дальше »

2024-5-10 05:00


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Tether reports record $4.52 billion profit in Q1 despite shrinking market share

Stablecoin issuer Tether (USDT) achieved a historic net profit of $4. 52 billion in the first quarter despite facing a significant drop in market share. Record net profit According to the attestation report shared with CryptoSlate, the firm’s substantial profits chiefly originated from its US Treasury holdings, supplemented by gains from its Bitcoin and gold investments. дальше »

2024-5-2 20:29


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Tether invests $200 million in biotech firm Blackrock Neurotech

Tether has announced a $200 million investment in Blackrock Neurotech, a leading Brain-Computer-Interface (BCI) technology company. The strategic investment, completed via Tether’s newly-launched venture unit Tether Evo, means the stablecoin issuer is now the majority stakeholder in Blackrock Neurotech, according to details in a press release. дальше »

2024-4-30 17:24


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Circle facilitates USDC transfers for BlackRock’s new tokenized fund – details

USD Coin (USDC) issuer Circle revealed a new smart contract feature with BlackRock, marking a significant stride in integrating the maturing crypto market with traditional finance. According to the announcement, the new technology will allow Black USD Institutional Digital Liquidity Fund (BUILD) holders to send their shares to Circle in exchange for USD Coins. Moreover, […] дальше »

2024-4-12 19:38