Tether CEO Paolo Ardoino recently disclosed that the company holds a significant amount of Bitcoin and gold as reserve assets for its USDT stablecoin. This revelation comes as Tether is also advancing work on an AI software development kit (SDK). Tether’s USDT Bitcoin and Gold Reserves On October 26, UQUID CEO Tran Hung revealed details
Author: letsdoh
GOAT price has been riding a strong uptrend, recently reaching a new all-time high. This rapid ascent, however, might face turbulence, as the coin saw a sharp 24% dip, raising concerns about a potential drawdown. The recent price drop has investors questioning whether the bullish momentum can be sustained or if a deeper decline lies
The biggest deal this week wasn’t a venture capital raise. Instead, it was the announcement that Stripe is buying stablecoin platform Bridge for $1.1 billion. There’s been a lot written about the deal and what it means, and we wrote about it from numerous angles here at Blockworks focusing on the Solana impact, what it
The co-CEO and chief technology officer of crypto market maker GSR have exited the firm, the company revealed this week. Rich Rosenblum, who co-founded the company more than a decade ago, has stepped down “to pursue entrepreneurial opportunities,” GSR said in a Wednesday X post. “His visionary leadership and innovative approach have played a pivotal
MetalCore is making a move from the Immutable zkEVM chain to Solana. Currently in closed beta, MetalCore is a futuristic shooter game involving tactical warfare on vehicular combat with prehistoric monsters in a post-apocalyptic world. MetalCore is developed by Studio369. The team will be leveraging Solana Lab’s GameShift platform that offers a marketplace with integrated
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe . We already know MicroStrategy loves bitcoin. How about Microsoft? To catch you up, a Thursday filing showed a proposal the National Center for Public Policy Research intends to submit for consideration at Microsoft’s annual meeting. It notes a corporation’s “fiduciary
Nova Labs, the company behind the Helium Mobile cell network, undertook a significant round of layoffs at the end of August, three people with knowledge of the matter told Blockworks. Nova Labs Chief Operating Officer Frank Mong confirmed to Blockworks that 36% of the company was let go. One person familiar with the situation cast
From ages 9 to 11, Edan Yago smuggled gold, hidden in his clothes by his mother, out of South Africa. The apartheid government had instituted capital controls to stabilize the rand amid international sanctions. The authorities were hunting some of his family members whom it had designated as “terrorists.” 01:01 Bitcoin Breaks $64K While Gold
Amidst the bearish crypto market conditions, Wuffi emerges as the top gainer with a 50% surge in the last 24 hours. The overall crypto market cap nosedived by almost 1.4% in the last 24 hours. As per CoinGecko, the global crypto market cap stands at $2.38 billion at press time. Bitcoin (BTC) and Ethereum (ETH)
Solana cannot serve as the backbone of the so-called “new” global financial system, according to Ethereum community member Ryan Berckmans. Solana (SOL) shifted from its initial “monolithic” approach to acknowledging the importance of Layer 2 solutions. But Berckmans points out on X that Solana initially marketed itself as capable of handling global transactions on a