Tagged: paolo ardoino

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

Slash Money Dollar Benjamin Sections

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

Sleep Out Done Collapse Unconcious

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

US Dollar George Washington Money

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”

Train Lugano Switzerland marcus ganahl unsplash

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

Lost Bitcoin

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

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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

Paolo Ardoino

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

Road Way Path Trail Travel

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

Paolo Ardoino

  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

Verified Validated Authenticated Approved

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

Science Chemistry Lab Experiment

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

Two Bitcoin

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

Curb Stock Exchange Market

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

Decentralized Lending Protocol C.R.E.A.M Finance to Offer Euro backed Tether Tokens, EURt

Heavy Whipping Cream

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

Tether Tops $60 Billion in “Flight to Safety”

Hamilton Money Dollars US Cartoon

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

Digital Asset Exchange Bitfinex Introduces Staking Rewards for Cardano (ADA)

Please Buy Tokens Digital Assets raj rana unsplash

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

iFinex, Parent Company of Bitfinex, Invests in Security Token Exchange Dusk Network

Security Token Offering STO Digital Asset

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

Fetch.AI Says 1.9 Million FET Tokens Sell Out in 14 Seconds

Speed Zoom Fast Blast Warp chuttersnap unsplash

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

As Gold Sets Highs Past $1,900 Per Troy Ounce, Stablecoin Issuer Tether Claims Demand for its Gold-backed Crypto, XAU₮, has Also Surged

Lucky You Have Found Gold New York City

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

Paolo Ardoino, CTO at Bitfinex, Says Tether’s USDT Stablecoin Will Remain Relevant Even When CBDCs are Launched

The Thinker Sculpture

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

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