Day: October 13, 2023

Marketing Lead Teases Future ‘Journey’

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Amidst waves of volatility in the crypto market, the Shiba Inu price seems to be stabilizing. Meanwhile, Lucie, the marketing manager of Shiba Inu, provided important insights into the upcoming developments when she revealed the roadmap for the anticipated “journey”. The Upcoming “Shibarium Journey” In her most recent tweet, Lucie expressed the magnitude of the upcoming Shibarium journey. She stated, “Embarking on the Shibarium journey is a big task that demands a lot of time and commitment. Our goal is to create outstanding decentralized applications (dApps) that people will love…

Tether Promotes CTO Paolo Ardoino to CEO

“Paolo is extremely well-suited to lead Tether into this exciting new era,” said Jean-Louis van der Velde. “I believe Tether is poised to continue its rapid growth, with a continued focus on emerging markets and transformative technology. I think I can speak for the entire company when I say that we eagerly anticipate Paolo’s leadership as he guides Tether toward a future where finance knows no bounds.” Source

Tether stablecoin firm appoints CTO Paolo Ardoino as CEO

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Tether, 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 CTO for…

Google Moves to Shield Customers from AI-Related Copyright Issues

Google’s announcement comes amid rising concerns over the copyright issues that have been linked with using generative AI. Google is making it its business to legally protect users of generative artificial intelligence (AI) systems within its Google Cloud and Workspace platforms. That is if they are ever faced with copyright infringement allegations. The announcement reads in part: “If you are challenged on copyright grounds, we will assume responsibility for the potential legal risks involved.” With the move, the tech giant joins other top firms like Adobe, Microsoft, and many more…

China’s Didi Gears Up for Hong Kong Stock Exchange IPO in 2024

Didi was initially listed on the New York Stock Exchange but then it was compelled to delist due to regulatory issues in China. Chinese ride-hailing giant, Didi Global Inc (NYSE: DIDI) is reportedly making strategic moves in preparation for its upcoming Initial Public Offering (IPO) on the Hong Kong Stock Exchange (HSE) next year. People with knowledge of the matter stated that the company recently informed its employees that they have the option to sell their shares as part of an employee stock ownership program. This program provides a liquidity…

G20 Finance Ministers Unveil Joint Communique to Regulate Crypto Assets

The initiative follows the introduction of a roadmap proposed in a synthesis paper by the IMF and FSB, aimed at fostering international policies and regulations for crypto assets With the growing participation of investors in the crypto market, the group of G20 Finance Ministers and Central Bank Governors (FMCBG) have agreed to work on a common roadmap in handling the challenges associated with the crypto market. The roadmap was introduced through a collaborative synthesis paper by the International Monetary Fund (IMF) and the Financial Stability Board (FSB). This synthesis paper…

Qualcomm to Lay Off Over 1200 California Employees

Out of the 1,258 job cuts, more than 750 positions are from different levels of Qualcomm’s engineering ranks. The rest of the reductions cover a broad range of roles such as internal technical staff and accounting.  American largest chipmaker Qualcomm Inc (NASDAQ: QCOM) will lay off about 1258 employees in its California unit. According to a filing with the California Employment Development Department, as many as 1,064 of its San Diego employees and 194 of its Santa Clara employees will be subject to the reduction that will take effect from December…

Secret recording offers trove of explosive revelations

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The ongoing trial of former FTX CEO Sam Bankman-Fried has uncovered a series of explosive revelations in the form of testimonies from former key FTX and Alameda Research executives.  The latest court proceedings on Oct. 12 saw former Alameda CEO Caroline Ellison testify for the third day, following which the jury was presented with a recording of a meeting she held with Alameda staffers on Nov. 9, 2022, just days before the collapse of the FTX empire. The meeting, held in Hong Kong and joined by nearly half of Alameda’s…