Tether to Publish Real-time Reserve Reports in 2024 – Report
According to Paolo Ardoino, Tether’s CEO, the stablecoin issuer reportedly plans to alter the frequency with which it releases reserve data reports and plans to publish them in real-time by 2024. Bloomberg reported on October 20 that Tether’s chief technology officer and incoming CEO, Paolo Ardoino, stated that the company intends to publish real-time reserve […]
LBRY Inc. Shuts Down After SEC Judgment and Financial Woes
LBRY Inc., the blockchain company behind the LBRY blockchain and Odysee video-sharing platform, has announced the end of its operations, citing insurmountable debts, including a judgment from the SEC. The cryptocurrency community reacts with shock and support. The financial world and blockchain industry received a significant shakeup recently with the announcement that LBRY Inc., has […]
DTCC Acquires Securrency to Boost Digital Asset Services
DTCC, the largest clearing and settlement service in the U.S., has agreed to buy Securrency, a leading digital asset infrastructure developer. The deal aims to integrate blockchain technology into DTCC’s existing products and services and unlock digital assets’ value for the global financial markets. The financial world and blockchain industry witnessed a major shakeup recently […]
Google Cloud, MultiversX Partner for Improved Web3 Presence
Google Cloud has partnered with blockchain infrastructure company MultiversX (formerly Elrond) to enhance its Web3 presence. The partnership will enable ecosystem builders to utilize MultiversX ‘s sophisticated tools and services. Google Cloud has incorporated MultiversX into the platform, enabling Web3 projects and users to gain valuable insights from the ecosystem’s robust data analytics and artificial […]
SEC Wins Lawsuit Against Thor Technologies
Thor Technologies founder David Chin, has lost a legal battle with the U.S. Securities and Exchange Commission (SEC) over the unauthorized transfer of $2.6 million of crypto asset securities. According to the 21 December 2022 SEC complaint, Chin and Thor Technologies raised $2.6 million from 1,600 investors between March and May 2018. The sale of […]