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Read More »Trump Names Howard Lutnick to Co-Lead Transition Team
Republican presidential candidate Donald Trump has announced that Howard Lutnick, CEO of Cantor Fitzgerald, will co-lead his transition team if he is re-elected in 2024. Lutnick has been a significant figure in the financial services sector and a supporter of cryptocurrency. He will work alongside Linda McMahon, the former U.S. Administrator of the Small Business Administration. Trump’s vice presidential pick, J.D. Vance, and Trump’s sons, Donald Trump Jr. and Eric Trump will serve as...
Read More »Switzerland Launches Public Consultation on Crypto Tax Information Sharing
Switzerland has initiated a public consultation on a new bill that aims to integrate cryptocurrency tax data into its international information exchange agreements. Announced by the Federal Council on Wednesday, this initiative seeks to extend the sharing of crypto asset information to 111 jurisdictions that are part of the existing automatic exchange of information (AEOI) system. This process will be in line with the OECD’s Crypto-Asset Reporting Framework. Switzerland has been one of the...
Read More »24 Hours to Go: VYUG Set to Revolutionize the Metaverse with a Massive Airdrop Event
[PRESS RELEASE – Dubai, United Arab Emirates, August 14th, 2024] VYUG, the visionary force behind the world’s first hyper-realistic metaverse, is on the brink of launching a groundbreaking airdrop event. Starting on August 15th, participants will have the chance to claim their share of 175 million VYUG tokens and vie for an incredible 5000 USDT jackpot. This event, running through September 15th, aims to be a pivotal moment in the crypto world. The Airdrop According to the...
Read More »Bitcoin’s Price Fell Below $60,000 at the Start of the Week as Institutions Stopped Buying Stablecoins
Institutions did not buy stablecoins over the weekend. BTC registered over 4% losses over a 24-hour period leading into Monday. BTC’s price dropped to below $60,000 on Monday, causing a decline of about 4% from the day prior when it traded at $62,510. The dipping price action occurred as institutional players stopped acquiring stablecoins for two days before the week started. Blockchain analytics firm Lookonchain posted about the occurrence, “Institutions seem to have temporarily stopped...
Read More »PYUSD Supply on Solana Surpasses Its Ethereum Supply by Over 5.6%
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Read More »Tether Co-founder Brock Pierce Locked in Legal Disputes with Business Partners
Why have I been blocked? This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.
Read More »Pepe Unchained Goes Viral as Layer-2 Meme Coin Project Passes $8M Mark
The crypto world is no stranger to unexpected contenders. But Pepe Unchained (PEPU), the meme-turned-blockchain phenomenon, continues to defy expectations. Its presale has already passed the $8 million mark – and many early backers believe PEPU could be the next big thing in the Layer-2 space. Presale Demand Soars as Pepe Unchained Passes $8M Milestone Pepe Unchained is going viral in its presale. It’s raked in $8.2 million so far, with PEPU tokens going for just over $0.009...
Read More »CEO Paolo Ardoino Responds to Celsius’s Lawsuit Against Tether, Calls it ‘Baseless Shakedown’
Two years after filing for bankruptcy, Celsius is trying to recover some funds by suing Tether for an alleged wrong liquidation of more than $800 million worth of BTC (at prices in mid-2022). The stablecoin issuer was quick to respond, calling the lawsuit a “baseless shakedown” and promised to fight for a win. Celsius Goes After Tether The lawsuit, filed on August 9 in the US Bankruptcy Court for the Southern District of New York, alleges, among other things, that Tether...
Read More »USDT Issuer Tether to Expand Workforce to 200 Employees by Mid-2025
Stablecoin issuer Tether intends to double its workforce within the next year to strengthen areas such as compliance. By mid-2025, the company behind the USDT stablecoin anticipates expanding its headcount to approximately 200 employees, according to Chief Executive Officer Paolo Ardoino. Tether also plans to increase staffing in its finance department, which oversees the $118 billion in assets backing USDT. Tether’s Workforce Expansion With a relatively small team, Tether...
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