Tagged: paolo ardoino

Ethereum Can’t Compete with Bitcoin as a Form of Money: Ardoino

As the completion of the Merge nears, where Ethereum moves from Proof of Work (PoW) to Proof of Stake (PoS), Ethereum is poised for a significant, transformational upgrade that may migrate the blockchain from a pretty cool experiment to ongoing relevance in the land of… Read More

The Age of Cryptocurrency Marks the Path to Financial Liberation in Latin America

Inflation continues to rise globally, especially across Latin America where hyperinflation afflicts many countries. Could Bitcoin and the emerging digital token economy be the answer? Across Latin America, a story of inflation and ineffective central bank policy is the order of the day. In Mexico,… Read More

Bitfinex, Tether and Hypercore Launch Holepunch

Bitfinex, Tether, and Hypercore have joined to launch Holepunch, a platform described as enabling creators to build secure peer-to-peer apps. Holepunch is currently closed source and in alpha testing. The company anticipates moving to open source code in Q4 of 2022. Tether is a leading… Read More

Bitfinex to Donate $600,000 in Bitcoin, Tether to El Salvador

Bitfinex is reporting that it will donate 36 Bitcoin (BTC) and US$600,000 Tether tokens (USDt) to help small businesses and communities in El Salvador. Bitfinex added that this is part of the crypto exchange’s continued support for the country. Bitfinex said they are working with… Read More

OpenSea Emails Pilfered, “Assume You Were Impacted”

OpenSea, the most popular NFT marketplace in the world, has experienced a breach of user information. According to a blog post yesterday, an employee of Customer.io, a service provider for OpenSea, downloaded OpenSea’s email list, apparently to use or sell for illegal objectives. OpenSea stated:… Read More

Tether Has Issued a New Stablecoin Pegged to the Mexican Peso

Tether, issuer of the world’s largest stablecoin by market cap (USDT), has launched another stablecoin – this time pegged 1 to 1 to the Mexican Peso. Tether did not provide details on how the 1 to 1 peg is managed or whether the Mexican currency… Read More

Stablecoins: Tether Token (USDt) Launches on Polygon

Tether Operations Limited, the company operating the blockchain-enabled platform tether.to that “powers the largest stablecoin by market capitalization of over US $73 billion,” has launched Tether tokens (USDt) on Polygon (formerly MATIC), “a leading blockchain development platform.” The addition of Tether to the Polygon ecosystem… Read More

Following Collapse of Algorithmic Stablecoin TerraUSD, Tether Reassure Users with “Assurance Opinion”

As TerraUSD (UST), an algorithmic stablecoin imploded going to zero, reserve-based stablecoins rushed to stem the tide of concerns about contagion. Tether (USDT), the largest stablecoin in the market, has been hit with collateral damage due to the failure of UST. At the beginning of… Read More

Terra Stops/Starts Validators Again, LUNA Goes to Zero with TerraUSD Chasing it

The collapse of TerraUSD (UST), an attempt to create an algorithmic stablecoin, and the demise of LUNA has captured the attention of the entire crypto-sphere. Going from billions to almost nothing is a spectacular event. Inevitably there is a pile on of “I told you… Read More

Update: Tether Says it Will Honor ALL Redemptions at USD $1 for Verified Customers

Tether, issuer of the dollar-based stablecoin USDT, has announced that it will honor all redemptions at USD $1 for all verified customers. The commitment by Tether arrives at a time of unprecedented volatility in crypto markets. In recent days, algorithmic stablecoin TerraUSD (UST) was hit… Read More

Polygon to Support City of Lugano’s Mission to Become Europe’s “Blockchain Capital”

Polygon and Tether stablecoin are reportedly backing the City of Lugano in its effort to transform this lakeside town in southern Switzerland into Europe’s “blockchain capital.” Lugano will reportedly allow citizens and companies “to use Bitcoin, Tether, and the city’s own LVGA stablecoin to pay… Read More

Bitfinex Says it Recovers 6.51458211 Bitcoin From 2016 Hack

Bitfinex is reporting that it has recovered 6.51458211 Bitcoin from a hack that took place over 5 years ago in 2016. Bitfinex states that this recover was completed in partnership with Poloniex, another digital asset marketplace. Bitfinex states: “Recovery Right Token (RRT) holders will have… Read More

Synonym Introduces the Architecture for a Self-Sovereign Bitcoin Economy Supported by Lightning Network

Synonym Software Ltd, a firm founded with the goal of bringing self-ownership and control to the crypto-asset ecosystem by “creating an open and free web of trust” has officially launched today (on November 16, 2021). As mentioned in an update shared with CI, the preface… Read More

USDt Now Available on Avalanche, Market Cap North of $73 Billion

Tether Operations today announced it has launched Tether tokens (USDt) on Avalanche, a decentralized smart contracts platform built for the scale of global finance and business. Avalanche is designed as a highly scalable ecosystem, able to deliver rapid transaction finality and low transaction fees. It is… Read More

Bitfinex to Provide Nuvei’s Cryptocurrency On-ramp Service to Capture New Clients

Bitfinex, a digital token trading platform, has teamed up with Nuvei, via its subsidiary Simplex, a fiat-crypto gateway provider, allowing clients to introduce its suite of crypto on-ramp services. Bitfinex clients with an intermediate verification level will get access to the Simplex funding options. Users… Read More

Paolo Ardoino: CTO at Bitfinex Explains Why Lightning Network (LN) Will Enable Greater Crypto, DeFi Adoption

  The Bitcoin (BTC) Lightning Network was recently tapped to enable Twitter payments and as of last week, the number of nodes that are running the LN reached a record high, increasing around 105% since 2020. Only about a year ago, the Lightning Network had… Read More

Bitfinex to Support U2F Security Keys, an Open Authentication Standard

Bitfinex, a digital currency trading platform that’s being investigated by the US Justice Department for allegedly engaging in criminal charges including large-scale money laundering, announced that it will be supporting U2F security keys, which is described as an open authentication standard. The U2F security keys… Read More

Bitfinex Securities Introduces Regulated Investment Platform in AIFC Fintech Lab

Bitfinex Securities Ltd., a provider of blockchain or distributed ledger tech (DLT)-enabled investment products, has introduced its regulated investment platform in the AIFC Fintech Lab, with the goal of improving accessibility for a wide range of financial products for qualified members interested in diversifying their… Read More

Bitcoin focused Blockstream Acquires $210M via Series B Financing, Firm Now Valued at $3.2B

Bitcoin-focused firm Blockstream reveals that it has secured $210 million in capital as part of their Series B round at a $3.2 billion valuation. Blockstream’s investment round was led by Baillie Gifford and iFinex, the operator of Bitfinex. As mentioned in the announcement, this new… Read More

Bitfinex Derivatives to Offer Perpetual Contract for Solana, Company CTO Paolo Ardoino Anticipates Great Demand for Product

Bitfinex Derivatives is offering a derivatives platform that is accessible via Bitfinex, a digital token trading platform. As mentioned in a release shared with CI, Bitfinex Derivatives has introduced a perpetual contract for Solana (SOLF0:USTF0). Solana (SOLF0:USTF0) “went live on 26/07/21 at 15:00 PM CET,”… Read More

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