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Stablecoin issuer Paxos downsized its workforce by 20% despite robust finances and optimistic growth projections in the stablecoin market, Bloomberg reported on June 12.
In an email that notified employees of the change, Paxos CEO Charles Cascarilla said the staff reduction will allow the company to “best execute on the massive opportunity ahead in tokenization and stablecoins.”
According to a...
President Joe Biden’s re-election campaign is exploring the option of accepting cryptocurrency donations through Coinbase Commerce, The Block reported on June 12, citing sources familiar with the discussions.
The move would former President Donald Trump’s recent move to accept crypto donations via the same platform. Coinbase Commerce, a service facilitating payments in various cryptocurrencies,...
Terraform Labs CEO Chris Amani said Terra will become a community project as the company winds down following a $4.5 billion SEC settlement.
Amani wrote on June 12 that the community must “take over ownership of the chain.” He said that certain teams and developers want to handle the project and will announce their intent on the forums.
Amani added that Terraform Labs “always intended to dissolve...
Blockchain analytics platform Bubblemaps has levied allegations of significant insider trading activity in the memecoin projects recently promoted by Andrew Tate and Iggy Azalea.
Despite the evidence of wallets purchasing significant amounts of the tokens during and before their respective launches, there is no evidence linking them to Tate or Azalea.
The allegations, shared through tweet threads...
The US District Court for the Southern District of New York has issued a final judgment against Terraform Labs and its co-founder Do Kwon, in the high-profile case filed by the Securities and Exchange Commission (SEC).
The ruling finds the defendants guilty of multiple securities law violations and imposes stringent penalties and restrictions on their future activities. The penalties include...
The growing involvement of America’s top public companies in blockchain technology has intensified calls for clear regulatory guidelines to retain crypto developers and talent within the US.
Coinbase recently raised concerns in a “State of Crypto” report over the decline in crypto talent in the US and emphasized the importance of regulatory certainty in ensuring skilled people stay within the...
Tether CEO Paolo Ardoino revealed that the company would launch a new class of digital asset products on June 17.
He wrote on social media platform X:
“After a year of hard work, Tether will unveil its new class of digital assets products on Monday 17th June.”
While specific details about these products are still under wraps, the move reflects Tether’s expanding influence and ambitions in the...
The Zimbabwean government has initiated a study to develop regulations for the virtual asset industry.
On June 12, the Zimbabwe Mail reported that the government had established a committee to collect data from crypto companies operating within the country. This study aims to provide a detailed understanding of the country’s crypto industry, including its size and scope.
The committee is inviting...
Bitcoin’s liquid and illiquid supplies are very interesting and useful metrics for understanding market trends. Liquid supply refers to the amount of Bitcoin readily available for trading, meaning it is held in wallets that frequently engage in transactions. Highly liquid supply, a subset, denotes Bitcoin that moves even more frequently, often used by traders and exchanges. Illiquid supply,...
B2Broker Shakes Up the Market with a Next-Gen Copy Trading Platform
The copy trading industry is growing, and brokers’ demand for sophisticated copy trading solutions that meet their traders’ needs is increasing. In response, the B2Broker team is introducing a new generation of B2Copy, B2Broker’s in-house investment platform!
While many solutions exist for MT4 and MT5, B2Broker is the first...