New York Judge orders Tether to document USDT backing

The judge for the United States District Court for the Southern District of New York, Katherine Polk Failla, ordered Tether to prove 1-to-1 backing of its eponymous stablecoin, Tether (USDT). The company is required to provide “general ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements” and other documents to the court.  The order was published on Tuesday as a part of a case that started back in 2019 — the initial complaint by a group of investors against iFinex, Tether and Bitfinex’s parent company, alleged that the…

Africa-Focused Crypto Exchange Yellow Card Raises $40 Million via Series B Round – Africa Bitcoin News

Africa-focused crypto exchange Yellow Card recently revealed it has closed its $40 million Series B funding round. The exchange’s announcement of its latest capital raise comes just over a year after it raised $15 million from its Series A round. Funds to Be Used for Development of New Products Yellow Card, an Africa-focused cryptocurrency exchange, recently disclosed it had closed its $40 million Series B funding round. The crypto exchange said it will use the funds raised to finance the development of new products as well as to “advance strategic…

NOTFALL: Geht COINBASE auch INSOLVENT❓ FINALER BITCOIN CRASH📉 MERGE am 19.09❓ XRP VOLUMEN🚀 uvm.

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Sharding could resolve Ethereum scalability trilemma, says researcher

After a successful Ethereum Merge, all eyes are set on the next phase of transition that would introduce key scalability solutions on the platform, including sharding. Market experts believe sharding would be a game changer for the Ethereum network as it could potentially solve the scalability trilemma. In an exclusive conversation with Cointelegraph, Uphold’s head of research, Dr. Martin Hiesboeck, explained how sharding could pave the way for Ethereum to become a truly global network. Hiesboeck believes sharding could eventually solve the long-running scalability trilemma of blockchain networks. Scalability trilemma implies that…

ICO launches second consultation on the draft Data protection and journalism code

The Information Commissioner’s Office (ICO) has launched a second consultation on a draft code of practice about using personal data for journalism (the code). The code provides practical guidance on how to comply with data protection legal requirements and good practice when using personal data for journalism. It is a statutory code under section 124 of the Data Protection Act 2018 (DPA 2018). It does not concern press conduct or standards in general. Following the first consultation that ended in January 2022, the ICO considered the feedback received from the…

STEPN and GigaSpace Metaverse Form Strategic Partnership

The two have formed a strategic partnership to build a virtual STEPN city in the GigaSpace metaverse.   The new metaverse GigaSpace has formed a strategic partnership with the move-to-earn fitness app STEPN to build a virtual STEPN City for their community. Sharing the same vision with STEPN – building a bridge connecting Web2 & Web3, GigaSpace is building a virtual world that is not only designed for Web3.0 parties, but also Web2.0 parties that will dive into Web3.0. The STEPN City will be a sports-themed city that includes buildings…

2022 Was Bad for Crypto, 2023 Will Be Better?

There is no doubt that 2022 was a bad year for the cryptocurrency world and those that are associated with the industry in any shape or form. Whether you held virtual currency because you liked to use it as a preferred option on a bitcoin casino to play your favorite gambling games, for the future as a potential investment, or simply because you were interested in what the rage was all about, everyone has been impacted at some point by the news that had consistently been revealed. Why was 2022…