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Tether Alloy

Tether Introduces Alloy, Merging Digital Currency with Gold Stability

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Tether Introduces Alloy, Merging Digital Currency with Gold Stability Tether has launched Alloy, a new asset combining digital currency with the stability of gold. Users can mint aUSDT using Tether Gold (XAUT) as collateral, facilitating digital payments. This represents a significant step in real-world asset tokenization, focusing on gold-backed assets. Tether Launches Alloy by Tether …

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India FIU Our Crypto Talk

India’s FIU receives resume request from four exchanges

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The Financial Intelligence Unit-India (FIU-India), responsible for analyzing suspicious financial transactions, has received requests from four more offshore crypto exchanges to resume operations in India, according to a senior government official. At the start of 2024, India had banned nine crypto exchanges for non-compliance with anti-money laundering laws. The FIU lifted the ban on Kucoin …

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Paxos Employees Laid Off

Paxos Reduces Workforce by 20% After New Stablecoin Launch

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Paxos, a regulated stablecoin issuer, is laying off 65 employees, amounting to 20% of its workforce. This decision follows the recent launch of Paxos International’s yield-bearing stablecoin, USDL. Workforce Reduction and Financial Health Bloomberg reported the layoffs, revealing the information through an email obtained by Olga Kharif. Paxos CEO Charles Cascarilla addressed the layoffs, emphasizing …

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Lil Pump Solana tattoo

Lil Pump Flaunts Solana-Inspired Tattoos Amid Crypto Turmoil

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Gazzy Garcia, known professionally as Lil Pump, surprised his 15 million followers on Instagram and X by revealing two new Solana-themed tattoos. The first tattoo features the stylized name of the Solana blockchain on his forehead. The second tattoo depicts the logo of Phantom, a popular Solana wallet. On Instagram, he asked his followers, “Like …

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Robert Kiyosaki

Robert Kiyosaki is Tired of Pushing Bitcoin Adoption

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Growing Frustration with Bitcoin Reluctance Financial educator and author Robert Kiyosaki has expressed growing frustration with people’s reluctance to invest in Bitcoin (BTC). Known for his best-selling personal finance book “Rich Dad, Poor Dad,” Kiyosaki is a vocal advocate for Bitcoin as a hedge against economic instability and traditional fiat currencies. Common Excuses for Not …

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Cardano community to have $681M Treasury

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Cardano’s much anticipated Chang hardfork is around the corner and this will mean that the Cardano community will be handed a $681M treasury. Source: TapTools The entirety of Cardano’s treasury though comprises of only $ADA and is currently the 8th largest in the industry, with Uniswap’s $4.05B being the highest. Cardano’s treasury, funded by transaction …

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