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Tether Reduces Commercial Paper Exposure to $8.4B Amid USDT Backing Questions
On Monday 27th, Tether CTO Paolo Adorino explained the backing of the Tether stablecoin. Paolo Noted that the network has successfully reduced the USDT commercial paper exposure from $45 billion to $8.4 billion. This comes after the network has faced…
Solana Labs Unveils Saga, A Web3-Powered Smartphone
Solana’s (SOL) parent company, Solana Labs has announced plans to launch an Android smartphone for the network. Solana Labs further revealed that the Web3-focused device would be ready early next year. Solana Announces Saga Mobile Phone The team at Solana…
Visa CBDC Paper Discusses Major Adoption Challenges and Questions for Policymakers
Leading multinational financial services company Visa recently released a paper on central bank digital currencies (CBDC) that dives deep into the common challenges, their solutions, and questions posed by policymakers. Visa Paper on CBDCs Gives Several Insights CBDCs have been…
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Binance Seeks Collaboration With Malaysian Crypto Exchanges to Foster Adoption
Binance, the world’s largest cryptocurrency exchange by market capitalization, revealed that it would work with local exchanges in Malaysia to accelerate adoption in the country. Crypto Regulation Necessary for the Industry According to New Straits Times, Binance CEO Changpeng “CZ”…
Vitalik Supports Optimism’s Proposal of Making OP a Utility Token for Paying Fees
A proposal to change the use of Optimism’s OP token from governance to a utility token for paying fees on the layer-2 platform has been endorsed by Vitalik Buterin, the co-founder of Ethereum. In a tweet shared on Saturday, Vitalik…
Coinbase Rolls Out Support for Ethereum-based dApps Access to Some Users
In a blog post on Monday, Coinbase Global said it would allow a small group of its users to access Ethereum-powered decentralized applications (dApps) through its app. Coinbase’s Support for DeFi and NFTs Coinbase’s new addition will enable users to…
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Crypto Gibraltar Festival to Take Place From 22nd to 24th...
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Quadrans Lists on June 20th on P2PB2B
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BitKeep adds Cosmos to Its List of Supported Mainnets
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Funding Rounds Continue with Flowdesk and Azuro, Voyager Issues Default Notice to Three Arrows Capital, Anonymous Going After Do Kwon
Flowdesk, a crypto company, announced a successful Serie A round which raised $30 million. In other news, the Anonymous hacktivists group is looking into Do Kwon’s historical dealings. Flowdesk Raises $30 Million in Funding Round Earlier today, a French crypto-focused…
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