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0 CommentsThe Near Foundation, an organization behind the NEAR blockchain, urged the winding down of the USN stablecoin and announced a $40 million fund for a “USN Protection Programme.” The foundation is setting aside the funds, which it says is equal to the amount of a “collateral gap” associated with the undercollateralization of the USN project….
Top investment deals across the crypto sector over the last week (Oct. 15–21, 2022): BofA survey: Younger investors are 7.5 times more likely to hold crypto in their portfolios Bank of America’s survey of wealthy Americans revealed that younger wealthy Americans are 7.5 times more likely to hold crypto in their portfolios than investors aged…
Top crypto news from the Middle East region over the last week (Oct. 15–21, 2022): GITEX Global was held at the DWTC, UAE GITEX GLOBAL (Gulf Information Technology Exhibition) is one of the biggest and a highly influential technology conferences happening since 1981. GITEX 2022 was a five-day event (October 10th-14th) at the Dubai World…
Gavin Wood, the Polkadot co-founder, is stepping down as the CEO of Parity Technologies, the blockchain development company behind the Polkadot ecosystem. Björn Wagner will now lead Polkadot’s key backer company. Gavin Wood, a crypto developer who exited the Ethereum Foundation in 2015 and became Polkadot’s co-founder, will remain a majority shareholder in Parity Technologies….
The US subsidiary of crypto exchange Binance has hired ex-FBI agent BJ Kang as its first head of investigations, the WSJ reported. BJ Kang is renowned as he led the numerous probes of high-profile Wall Street insider trading cases. Meanwhile, Fidelity Digital Assets expects to add about 100 more people over the next three to…
Stablecoin issuer Tether will make USDT available at 24,000 ATMs in Brazil starting Nov. 3. The mutual conversion of Tether and Brazilian reals will be managed by the local crypto services provider SmartPay and the ATMs’ owner TecBan. On Oct. 20, Tether announced it will enable the conversion of USDT to Brazilian reals through an…
