Crypto Biz: Stablecoins wave, crypto trading via UAE banks, and more
This week’s Crypto Biz explores Tether’s profit record, bank-linked crypto trading in the United Arab Emirates, Polymarket’s growth amid US elections, and Coinbase custodian arm.
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Nansen acquisition enables staking services to over 20 blockchains
Nansen expands its services by acquiring StakeWithUs, enabling users to stake assets onchain across 20+ blockchains.
Tether Says It Invested Some of Its Reserves Into Bitcoin and Other Assets
Stablecoin issuer Tether said that it had invested some of its reserves in bitcoin (BTC), according to a court filing obtained by tech-focused media outlet the Block on May 21.Per the document dated May 16, David Miller, an attorney for Tether’s associated firm Bitfinex, said that Tether invested “a small amount” of Tether’s reserves into…
Binance Bitcoin balance drops by 3.4K BTC within 24 hours of CFTC lawsuit
Binance’s Bitcoin balance was reduced by over 3,900 BTC in the past week, of which 3,400 BTC were pulled out in the last 24 hours alone. 816 Total views 5 Total shares Own this piece of history Collect this article as an NFTSoon after the United States Commodity Futures Trading Commission (CFTC) sued crypto exchange…
Accenture invests in Emtech to strengthen CBDC, fintech solutions
The deal will see Emtech’s CBDC solutions and its regulatory and compliance sandboxes integrated into Accenture’s offerings.
Coinbase Takes on Cryptocurrency Gift Cards With Limited Rollout
Major U.S. cryptocurrency wallet and exchange Coinbase has entered the crypto gift card market, allowing customers in certain countries to exchange coins for brand e-certificates, according to their July 25 blog post. In the post, Coinbase confirmed the new option was made possible through a partnership with UK-based startup WeGift, and will effectively allow cryptocurrency…
A timeline of Sam Altman’s outing from OpenAI
On Nov. 17 the artificial intelligence startup OpenAI made the shock announcement that CEO Sam Altman — the man behind viral AI-powered tech such as chatbots ChatGPT, GPT4 and image generator DallE-3 — was fired.The tech world reeled and Altman’s colleagues rallied to his side, with then-OpenAI president and co-founder Greg Brockman announcing his own resignation.
Dogecoin misses bullish target after Elon Musk snubs Twitter — what’s next for DOGE price?
The Tesla and SpaceX CEO had flirted with the idea of adding DOGE payments to Twitter. 286 Total views 5 Total shares Dogecoin (DOGE) has missed a much-anticipated technical upside target and is down nearly 10% over the past week amid an ongoing spat between Elon Musk and Twitter.Musk hurts DOGE priceTo recap: Musk, whose…
Fighting Crypto Hacks: Company Tackles Security Issues in Ethereum Smart Contracts
A decentralized, open-source crypto platform based on the Ethereum protocol named Callisto Network offers users free-of-charge smart contract security audits. The company wants to support them in the battle against cyber criminals and help developers solve security issues in Ethereum codes.Blockchain auditOne of the most common crypto crimes nowadays is hacking exchanges. According to the…