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Ex-CFO sentenced after $35m crypto bet evaporates with Terra's collapse
Former CFO Nevin Shetty was convicted of fraud after surreptitiously transferring $35 million of the company's money to his DeFi platform, losing almost all of it in Terra's collapse in 2022. Here is how the scheme happened and what happens now.
From Stablecoin to Sovereign Wealth Fund: Tether's Gold Turn Abandoning the Dollar
Tether moves like a sovereign wealth fund: it hires traders from HSBC and accumulates billions in physical gold. The strategy, which mirrors the behaviour of central banks, marks a break from dependence on the US dollar.
Outlook on XRP Price as Ripple launches RLUSD pilot project with Mastercard and Gemini
XRP remained around $2.32 while Ripple announced a partnership with Mastercard, WebBank and Gemini to launch an XRP Ledger-based RLUSD stablecoin payment system for credit cards.
Rumble Embraces Bitcoin: Crypto Tips for YouTube Challenge
Rumble is about to launch a Bitcoin tipping feature, supported by Tether, with a full rollout planned by December. This initiative positions the platform as a pioneer in blockchain-based monetisation for its base of 51 million active users.
