tether USDT -0.06% The world’s largest stablecoin issuer, On Friday, we announced the appointment of Jesse Spiro as Director of Government Affairs. In this role, Spiro will be responsible for leading policy and engagement efforts with lawmakers, regulators, and key stakeholders.According to a company blog post, Spiro has over six years of experience in government and regulatory relations in the blockchain space.Spiro most recently served as PayPal’s Head of Regulatory Affairs for its Blockchain and Digital Currency division for three years. Prior to that, he served as Chief Government Affairs Officer at Chainalysis, a blockchain analytics firm.“Tether plays a critical…
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When you enter the world of cryptocurrencies, it is essential to understand how to store and manage your digital assets safely. Just as physical wallets store your cash and cards, cryptocurrency wallets store your digital currency safely. In this guide, we will look at the different types of cryptocurrency wallets, their practical uses, and how to keep them secure.What is a cryptocurrency wallet?A cryptocurrency wallet is a tool that allows you to store, send, and receive digital currencies such as Bitcoin, Ethereum, and other altcoins. However, unlike traditional wallets, a cryptocurrency wallet does not store your currency in physical form.…
Kalshi, who won a major court victory last week when a federal judge ruled that political prediction markets should be allowed to trade in the U.S., said the CFTC would suffer little if the new contracts were allowed to trade during the appeals process, but said the company would suffer “substantial, virtually irreparable harm” if it were to block people from betting on the outcome of the 2024 election.
Ethereum Ethereum -0.93% Ethereum Foundation researcher Danny Ryan is stepping down from the Ethereum ecosystem after seven years of contributions. According to a Friday post on GitHub, Ryan attributed his departure to personal reasons and to make room for other opportunities. He added that his reasons for leaving “do not reflect any aspect of Ethereum, core development, or cryptocurrencies in general.”“Being in one of the many wheelhouses of this complex ship called Ethereum is an all-consuming experience, one of the greatest experiences of my life, but also one that I’m ready to give up to make room for other things,”…
A widely known cryptocurrency analyst believes Bitcoin (BTC) could surge to triple digits before the cycle ends. Cryptocurrency trader Michael van de Poppe told his 724,700 followers on social media platform X that Bitcoin could rise by up to 890% from its current value if investors choose the iconic digital asset as a hedge against geopolitical tensions, banking instability, and currency devaluation. “Bitcoin’s current valuation is still very low. I wouldn’t be surprised if it goes to $300,000-$600,000 this cycle.” At the time of writing, Bitcoin is trading at $60,588, up more than 4% in the last 24 hours. The…
The U.S. spot bitcoin exchange-traded fund (ETF) saw its biggest inflows in nearly two months on Friday, but the market’s largest ETF didn’t see any inflows of its own. On Friday, U.S.-based spot Bitcoin ETFs recorded their largest single-day net inflow since July 22, when they recorded a massive $485.9 million. Last week’s total inflow was $403.8 million, recovering from two weeks of net negative inflows. BlackRock’s IBIT, currently the largest fund by assets under management (AUM), has seen $9.1 million in outflows over the past two weeks, with most days seeing no net trading activity. Instead, Friday’s inflows were…
At the time of writing, Cardano was range bound but overcame significant resistance in the short term. Despite the downward price trend since April, daily active addresses have remained well maintained. A previous report stated that 76.59% of Cardano (ADA) holders lost money. This statistic looks healthier when looking at holders around the market price at the time of writing. Source: IntoTheBlock The +0.86 correlation to Bitcoin (BTC) means that ADA traders should also pay attention to the king coin. The correlation with Ethereum (ETH) is positive but weak, which is slightly good news since ETH has been underperforming recently.…
Episode 4 of The Crypto Beat was recorded with: Block’s Editor-in-Chief Tim Copeland and Euler Labs co-founder and CEO Michael Bentley.Listen below and subscribe to The Crypto Beat. youtube, apologize, SpotifyTwitch Or wherever you listen to podcasts. Please send feedback and correction requests to: (email protected)Tim Copeland sits down with Euler Labs co-founder and CEO Michael Bentley to discuss the launch of Euler v2 and how the Euler team recovered from a $240 million hack. outline 00:00 Introduction01:40 Uniswap CFTC Agreement02:40 Euler v203:26 Euler V1 Hack and Recovery06:29 V2 Technology Advancement07:33 New Euler Utility09:20 Modularity13:50 Risk Management17:52 Growth expectations21:27 DeFi…
Stablecoin issuer Circle is moving its global headquarters to New York City ahead of the company’s planned initial public offering (IPO).Circle, issuer of the world’s second-largest stablecoin USDC (USDC), is moving into “one of the top floors of 1 World Trade Center.”The move was announced by Circle co-founder and CEO Jeremy Allaire, who wrote in a September 13 post on X:“We are moving our global headquarters to New York City and building a flagship space on one of the top floors of 1 World Trade Center, a historically significant landmark that represents America’s global economic leadership.”Circle announces headquarters relocation. Source:…
Rebecca Moen 14 Sep 2024 13:12 Tether appoints Jesse Spiro as head of government affairs, leveraging his experience at PayPal and Chainalysis to strengthen regulatory relations amid U.S. scrutiny. Tether, the leading stablecoin issuer, announced the appointment of Jesse Spiro as its head of government affairs. Known for his extensive experience in regulatory relations, Spiro joins Tether from PayPal, where he led the blockchain and digital currency regulatory relations team. This strategic hire comes as Tether navigates ongoing audits and regulatory developments in the United States. Background and Expertise Jesse Spiro has over 6…