Tether Halts Blockchain Launch Due to Market Concerns
Tether, the issuer of the world’s largest stablecoin, USDT, has stopped its blockchain launch, citing a crowded market and strategic alignment. Paolo Ardoino, the company’s CEO, stated in an interview with Bloomberg News that the stance is derived from an analysis of the blockchain sector and a crowded market. Ardoino suggested that the company’s decision […]
Fetch.ai Launches Innovation Lab in San Francisco
Fetch.ai, a decentralized machine learning platform, is establishing a center for early-stage startups working with artificial intelligence technology in San Francisco, California. The Innovation Lab, a new hub, will welcome early-stage startups specializing in AI agent solutions. These solutions are software that employs artificial intelligence to perform specific tasks or make judgments for users or other […]
Magic Eden Foundation Announces Launch of ME Token
The Magic Eden (ME) Foundation has announced the forthcoming launch of the ME token to enhance the trading of cross-chain digital assets in support of Web3 consumer decentralized applications (DApps). The ME Foundation’s mission, as stated in a press release disclosed to Cointelegraph, is to assist in developing the ME decentralized autonomous organization (DAO) protocols […]
Franklin Templeton Money Market Fund Extends to Avalanche
Franklin Templeton, a global asset management firm, has extended its Franklin OnChain US Government Money Fund to the Avalanche network. The “first-of-its-kind onchain money market fund” on Avalanche will be the “expansion to the layer-1 blockchain,” as stated in a press release shared with Cointelegraph. Benji Investments, Franklin Templeton’s blockchain-integrated record-keeping system, is accessible to […]
Hong Kong Regulator Targets Noncompliant Crypto Exchanges
A regulator in Hong Kong has expressed dissatisfaction with the ongoing examinations of cryptocurrency exchanges awaiting full licensing in the region. The city’s regulator has granted initial approvals to certain applicants; however, completion of the licensing process is contingent upon complete adherence to SFC’s regulations. The Hong Kong Securities and Futures Commission (SFC) discovered that […]