Fun

News Feed - 2023-10-13 09:10:00

Helen Partz12 hours agoTether stablecoin firm appoints CTO Paolo Ardoino as CEOThe change in leadership at Tether reflects its commitment to actively exploring new business operations, the company said.2141 Total views28 Total sharesListen to article 0:00NewsJoin us on social networksTether, the issuer of the world’s largest stablecoin by market capitalization, is replacing its CEO as the company works to expand its areas of focus.


Paolo Ardoino, who has been serving as Tether’s chief technology officer since 2017, will become the new CEO of the firm in December 2023, Tether announced on Oct. 13.


Ardoino will replace Jean-Louis van der Velde, who will transition to an advisory role for Tether while retaining his position as CEO of Tether’s sister company, Bitfinex. Ardoino will continue in his roles as chief technology officer for Bitfinex and chief strategy officer for the Bitcoin layer-2 solution Holepunch.


Ardoino will also “continue to oversee the technology department for the time being” at Tether, a spokesperson for the firm told Cointelegraph.


Tether said the change in leadership reflects the company’s commitment to actively exploring new business operations, including peer-to-peer communications, renewable energy, resilient data storage and Bitcoin (BTC) mining.


As Ardoino has been leading Tether’s expansion strategy over the last couple of years, the transition should be seen as a “natural progression,” a representative of the firm told Cointelegraph.


The firm said Ardoino is the ideal choice for Tether’s CEO due to his significant impact beyond his organizational roles, including his involvement and understanding of Holepunch, Bitcoin mining, hardware and artificial intelligence. Ardoino’s efforts toward enhancing freedom and fostering innovation have also established the exec as one of the most influential figures in the community, Tether stated.


Related:USDR stablecoin depegs to $0.53, but team vows to provide solutions


“Under Paolo’s leadership, Tether will continue to work toward delivering financial services to those in need, reshaping the landscape of global finance,” the Tether spokesperson said, adding:“Paolo [Ardoino] envisions Tether as a tech powerhouse poised to revolutionize the industry and serve as an infrastructure partner in the development of resilient cities and countries. Tether’s mission also includes expanding the influence of the USD and Bitcoin in global trade and exchange [...]”


As previously reported, Tether has been actively developing Bitcoin mining operations in 2023, launching a mining operation in Uruguay in May. The firm has continued its aggressive entry into the Bitcoin mining industry, introducing Tether BTC mining software to enhance the management of mining capacity in August 2023.


In September 2023, Tether invested in German crypto miner Northern Data Group in a move backing artificial intelligence initiatives.


Magazine:Unstablecoins: Depegging, bank runs and other risks loom# Dollar# Business# Adoption# Fiat Money# Tether# StablecoinAdd reactionAdd reactionRead moreWhat is an atomic swap, and how does it work?Meet the guerilla artist who staged a crypto ‘rug pull’ in front of the SECThe economy is surging — which means it might be time to start buying Bitcoin

News Feed

12 Companies Keep Close to $700 Million in Ethereum in Treasuries
12 Companies Keep Close to $700 Million in Ethereum in Treasuries During the last year, there’s been a lot of discussion concerning bitcoin treasuries or public firms puttin
Bitcoin․com Completes VERSE $50M Token Sale, Launches Token on Verse DEX
Bitcoin․com Completes VERSE $50M Token Sale, Launches Token on Verse DEX press release Bitcoin.com, a digital ecosystem and secure self-custody platform where users can safely and
Philippine Lawmakers, Central Bank, SEC Discuss Crypto Regulation in Senate Hearing
Philippine Lawmakers, Central Bank, SEC Discuss Crypto Regulation in Senate Hearing The central bank and the Securities and Exchange Commission (SEC) of the Philippines discussed c
Brayden Lindrea8 hours agoGrayscale Bitcoin ETF decision could happen this week, pundits sayThe pending Grayscale ruling could impact the race for an approved spot Bitcoin exchange-traded fund.5467 Total views43 Total sh
From $100 Million to Nothing — Biographer Claims John McAfee Was Broke When He Died
From $100 Million to Nothing — Biographer Claims John McAfee Was Broke When He Died Just before the antivirus tycoon John McAfee was found dead in Spain, he to
Opensea Drops Fees to Zero and Announces New Creator Earnings Model in Response to Shifting NFT Landscape
Opensea Drops Fees to Zero and Announces New Creator Earnings Model in Response to Shifting NFT Landscape The largest marketplace for non-fungible tokens (NFTs), Opensea, has annou
Amazon takes minority share in ChatGPT rival Anthropic AI
Savannah Fortis1 hour agoAmazon takes minority share in ChatGPT rival Anthropic AIAmazon has fulfilled its $4-billion investment commitment to AI startup Anthropic, announcing a minority ownership stake in the company an
Electronic Frontier Foundation: US Government Will Expand Financial Surveillance Through FinCEN’s Proposed Crypto Wallet Rules
Electronic Frontier Foundation: US Government Will Expand Financial Surveillance Through FinCEN"s Proposed Crypto Wallet Rules The Electronic Frontier Foundation
Gnus.AI Discord hack causes $1.27M in losses
Christopher Roark5 hours agoGnus.AI Discord hack causes $1.27M in lossesThe attacker was able to view team members’ private Discord messages, allowing them to gain access to the team’s wallet address and mint 100 mil
Bitcoin Could Reclaim Its Peak, Hit $20,000 by Year-End: Novogratz
Some in the crypto community were left wondering if Michael Novogratz was still bullish on bitcoin after he recently took some bitcoin profits and kicked himself for not taking more. Being the astute trader that he is, N
Polkadot (DOT) Nears Critical Zone: A Reversal Could Trigger 180% Surge
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Tom Mitchelhill3 hours agoOpenSea investor marks down stake in platform by 90%: ReportOpenSea’s co-lead investor, Coatue Management, marked down its investment from $120 million to $13 million.2610 Total views45 Total