Tagged: paolo ardoino

May 19, 2022 @ 10:00 am By JD Alois  |  

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

May 13, 2022 @ 10:23 am By JD Alois  |  

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

May 12, 2022 @ 10:21 am By JD Alois  |  

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

March 5, 2022 @ 7:55 am By Omar Faridi  |  

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

December 14, 2021 @ 10:59 am By JD Alois  |  

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

November 16, 2021 @ 4:00 pm By Omar Faridi  |  

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

November 10, 2021 @ 10:29 am By Tony Zerucha  |  

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

October 27, 2021 @ 4:10 pm By Omar Faridi  |  

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

October 8, 2021 @ 4:00 pm By Omar Faridi  |  

  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

September 7, 2021 @ 10:08 pm By Omar Faridi  |  

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

September 7, 2021 @ 5:42 pm By Omar Faridi  |  

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

August 25, 2021 @ 9:31 am By Omar Faridi  |  

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

August 2, 2021 @ 6:08 pm By Omar Faridi  |  

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

July 26, 2021 @ 8:23 pm By Omar Faridi  |  

C.R.E.A.M. Finance, a decentralized lending protocol, has revealed that it will be “the first” protocol in the decentralized finance (DeFi) space to provide a Euro-backed stablecoin in, “with the addition of Tether tokens pegged to the euro (EURt).” Paolo Ardoino, CTO at Tether Operations Limited,… Read More

May 24, 2021 @ 2:53 pm By JD Alois  |  

Tether (USDt) saw its market cap top $60 billion as crypto investors sought a safe haven during the most recent crypto crash. Currently, Tether is hovering below $60 billion as crypto markets appear to be recovering and Bitcoin has bounced by over 15% in the… Read More

October 5, 2020 @ 9:12 pm By Omar Faridi  |  

Bitfinex, a major digital asset exchange, will be introducing staking rewards for ADA, the native crypto token of Cardano, a blockchain-based platform for developing decentralized applications (dApps). According to the Cardano team, which is led by its founder Charles Hoskinson, the distributed ledger tech (DLT)… Read More

September 1, 2020 @ 5:00 am By JD Alois  |  

iFinex has invested approximately $1 million in Amsterdam-based Fintech Dusk Network, according to a note from the company. iFinex is the parent company of Bitfinex – a crypto exchange. Dusk Network is creating a regulated security token exchange and is self-described as a privacy blockchain… Read More

August 27, 2020 @ 11:02 am By JD Alois  |  

Utilizing Bitfinex Token Sales technology, Fetch.ai says that 1.9 million in FET tokens sold out in just 14 seconds. The token event took place earlier today (August 27, 2020) with FET priced at $0.112 (USDT). Fetch.ai is crafting machine learning tools and infrastructure to build… Read More

July 26, 2020 @ 1:01 pm By Omar Faridi  |  

Tether Gold (XAU₮), a crypto-asset offering ownership of physical gold (XAU) that’s reportedly custodied in Switzerland, has experienced a significant increase in its demand as the price of gold surged past $1,900 a troy ounce – which may have been due to the economic uncertainty… Read More

July 21, 2020 @ 9:57 pm By Omar Faridi  |  

Paolo Ardoino, the CTO at Bitfinex and Tether and a highly skilled computer programmer, recently noted that the fairly recent involvement of world governments in projects aimed at launching their own central bank digital currencies (CBDCs) should not have a negative impact on stablecoins like… Read More