Tether plans new US dollar stablecoin as reserves near $120B amid Washington lobbying
Q1 2025 audit shows excess reserves down to $5.6 billion from $7 billion. Tether’s reserves are managed by Cantor Fitzgerald, raising scrutiny over potential conflicts. Competitor World Liberty Financial, backed by the Trump family, also plans to launch a stablecoin....
Lightspark-Built Bitcoin L2 Spark Launches on Mainnet
Spark, a bitcoin L2 platform fully compatible with the Lightning Network, has launched on mainnet. Promoted as “the fastest, cheapest, most UX-friendly way to build financial apps and launch assets on bitcoin,” the network enables a series of use cases...
How Kraken Outsmarted North Korean Hacker Posing as Job Applicant
Kraken’s security team thwarted a sophisticated infiltration attempt by a North Korean hacker posing as a job applicant. By carefully advancing the candidate through its recruitment process, Kraken identified a larger network of fake identities tied to state-sponsored...
$1.82T Stablecoin Boom Set to Speedrun Banking History, Says A16z
Andreessen Horowitz’s A16z crypto reports stablecoin volumes soaring to $1.82 trillion, igniting a payments revolution and accelerating adoption of instant, low-cost global finance infrastructure. $1.82 Trillion Stablecoin Explosion Sets off Payment Revolution in...Interesting 13
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