Paolo Ardoino News

14.10 / 15:05

Adoption bonds Bitcoin El Salvador focused on bringing investment to Bitcoin City, says ambassador

El Salvador, the first nation to make Bitcoin (BTC) a legal tender in September last year, is currently focused on building a Bitcoin City. There have been several delays and disruptions in the plans since its announcement last year owing to the bear market-led investment drought and geo-political tensions.

05.10 / 13:21

Tether USDT Lightning Network Bitcoin McDonald’s Starts Accepting Bitcoin and Tether in Lugano, Switzerland

05.10 / 00:41

UPS Tether USDT This Tether update may finally bear some good results in the weeks to come

Tether, the firm behind USDT, the largest stablecoin made some key changes to its asset reserves. On 3 October, Chief Technology Officer (CTO) Paolo Ardoino informed the Tether community about the changes to its portfolio.

04.10 / 14:01

Adoption Tether Bitcoin Swiss McDonald’s starts to accept Bitcoin and Tether in Swiss town

Multinational fast food chain McDonald’s started to accept Bitcoin (BTC) as a payment method in the 63,000-populated city of Lugano in Italian Switzerland, which is becoming a hotspot for crypto adoption in Western Europe.

04.10 / 13:13

UPS Tether USDT Holdings Tether Holdings Revealed – Commercial Paper Holdings Slashed

The stablecoin issuer Tether has revealed new details about its holdings of reserve assets, and now says a majority of its holdings are in the form of US treasuries.

04.10 / 06:05

Government Blockchain Stablecoin Tether Tether commercial paper exposure now under $50M, says CTO

Stablecoin issuer Tether (USDT) has nearly completely slashed its commercial paper holdings, with less than $50 million worth of commercial paper units as of Sept. 30, 2022.

08.09 / 16:19

Technology Ethereum defi Ether price What the Ethereum Merge means for the blockchain’s layer-2 solutions

Ethereum is just over a week away from officially moving to a proof-of-stake (PoS) blockchain with the Merge slated for completion around Sept. 13–15. With the transition, Ethereum would abandon its current proof-of-work (PoW) chain, eliminating miners from the ecosystem.

02.09 / 13:23

Tether Bitfinex El Salvador Bitcoin bond delayed due to security concerns: Tether CTO

El Salvador, the Central American nation that adopted Bitcoin (BTC) as a legal tender in September last year, has delayed the launch of its billion-dollar Bitcoin bond again.

29.08 / 09:41

business Stablecoin Tether fall Render 0.3% fall in assets "could render Tether technically insolvent" — WSJ

An article in the Wall Street Journal (WSJ) has claimed that Tether’s balance sheet is in a position that even a 0.3% drop in value of its reserve assets could “render Tether technically insolvent.”

25.08 / 13:15

BLOCK Cooper Tether USDT NOT Tether Says Will Not Block Tornado Cash until it is Directed by Authorities

The broader cryptocurrency industry is subtly pushing back against the sanctions on Tornado Cash by the United States Treasury Department for facilitating the transaction of illicit funds.

23.08 / 17:59

Blockchain Ethereum Bitfinex proof-of-work Bitfinex offers new chain split tokens ahead of Ethereum Merge

iFinex, the company responsible for Bitfinex Derivatives, announced on Tuesday the launch of a new service offering available to users before the highly-anticipated Ethereum Merge. The exchange now offers Ethereum Chain Split Tokens (CSTs).

22.08 / 08:51

cryptocurrency Tether crypto news Redemptions fall reserves Redemptions Pushed Tether's Reserves To Fall $16 Billion In June Quarter

Stablecoin Tether's reserves fell $16 billion in second quarter due to redemptions

20.08 / 06:31

Tether reserves Stablecoin Tether's reserves fell $16 billion in second quarter

The reserves statement on Tether's website comes a day after it said it had switched to accountancy firm BDO Italia to certify its reserves and that it would aim to release monthly reports by the end of the year. Stablecoins are a type of cryptocurrency designed to keep constant value, such as a 1:1 U.S. dollar peg. They are widely used in cryptocurrency trading to move funds between different cryptocurrencies or into regular cash. Financial regulators worldwide have warned that stablecoins could pose a risk to wider financial stability, with Britain among major economies looking to regulate the sector.

19.08 / 20:03

business Stablecoin Tether Report Holdings Independent Tether attestation reveals 58% decrease in commercial paper holdings

An announcement from USDT issuer Tether Holdings Limited revealed information from an independent attestation about the company’s previous quarter's performance. The reviewer, top accounting firm BDO Italia, assessed Tether’s assets as of June 30, 2022.

10.08 / 06:45

business Ethereum Stablecoin Tether Tether also confirms its throwing weight behind the post-Merge Ethereum

Hot on the heels of an official announcement from USD Coin (USDC) issuer Circle Pay, stablecoin giant Tether has now also officially confirmed its support behind Ethereum’s upcoming Merge upgrade and switch to a Proof-of-Stake (PoS) consensus mechanism-based blockchain.

01.08 / 06:19

business Stablecoin Tether Usd Coin Tether calls thesis behind USDT short-selling 'flat out wrong'

Tether, the issuer of Tether (USDT), says that hedge funds that attempted to short its stablecoin after Terra’s collapse in May are using a thesis that is “incredibly misinformed” and “flat out wrong.”

27.07 / 22:16

business Stablecoin Tether Report Tether says it holds zero Chinese commercial paper, denies 85% exposure

Major stablecoin issuer Tether has reiterated that the company plans to completely rid itself of commercial paper backing for its U.S.-dollar stablecoin USDT.

25.07 / 13:01

business Stablecoin Tether Bitfinex Tether, Bitfinex, Hypercore collab to launch encrypted P2P apps

Staying true to the “bear market is for building” motto, crypto exchange Bitfinex along with Tether (USDT) and Hypercore announced the launch of a fully encrypted platform, Holepunch, for building peer-to-peer applications. As part of the initiative, the trio launched Keet, an encrypted application capable of facilitating real-time audio and video calls, text chat and file sharing.

28.06 / 15:51

Stablecoin MARKET Trading Tether Backed Tether is Fully Backed, Has ‘Never Failed a Redemption,’ CTO Tells Short Sellers

Hedge funds that are attempting to make money by shorting the stablecoin tether (USDT) believe in the anti-tether ‘FUD’ (fear, uncertainty, and doubt) that is being spread, despite efforts to increase transparency, Tether chief technology officer Paolo Ardoino has said.

28.06 / 09:41

business Tether cryptocurrency investment Tether CTO refutes stablecoin FUD as short-sellers circle

Tether chief technology officer Paolo Ardoino has confirmed that the stablecoin has been the subject of a “coordinated attack” by hedge funds looking to short sell the dollar-pegged crypto asset.

23.06 / 14:25

Blockchain Provident Digital Tether Tether to Launch GBPT in July, Pegged to British Pound Sterling

Stablecoin issuer Tether Operations Limited (“Tether”) has announced plans to launch Tether tokens («GBP₮») pegged to the British Pound Sterling in early July.

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