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Tether CTO clarifies the minting of a new $1B worth of USDT on the ETH network
Tether CTO Paolo Ardoino has taken to Twitter to clarify why the issuer has minted a billion USD coins. He says the new coins will facilitate chain swaps and won’t mix with the issued market cap.
UBS completes the takeover of Credit Suisse
UBS, a Swiss banking giant, has completed the takeover of Credit Suisse following its collapse in March 2023. The bank will now be in charge of a balance sheet worth over $1.6T and a workforce of around 120K professionals.
Vitalik Buterin: These three features are the pivots of Ethereum
Vitalik Buterin, Ethereum network co-founder and core developer, has outlined wallet security, layer 2 scaling and privacy-preserving features as key Ethereum pivots.
Winklevoss twins: Democrats’ war on crypto will cost key voters
Winklevoss twins believe that Democrats are on the wrong side of crypto regulation, which may make them lose key votes in 2024. The two crypto investors believe that the ongoing ‘crypto crackdowns’ and open show of dissatisfaction with crypto innovations led by Democrats might make many voters favor their opponents.
Sturdy Finance loses $800K to hackers
Sturdy Finance, a well-known Decentralized Finance lending protocol, has fallen prey to hackers that managed to drain $800K. The platform has responded by saying that it has paused all markets and no further funds were at risk.
SEC introduces two more securities rules for swap markets
SEC chair Gary Gensler has announced the introduction of more rules for Swap Markets. He says investors need more protection as misconduct in such markets could affect many involved parties.