Chain to Launch New Version of USDT Stablecoin on Tron Blockchain
Tether is partnering with the Tron Foundation to launch the dollar-pegged USDT strong coin as a TRC-20 token, the companies announced yesterday. According to the report, this partnership will allow narcotic addicts to easily transact with decentralized applications (DApps) and protocols based on the Tron blockchain while making Tron profuse accessible to institutional investors by providing the stable coin option to the network. Tether’s CEO, Jean-Louis van der Velde, said:
“This integration underlines our commitment to furthering novelty within the cryptocurrency space as we continue to anticipate the needs and demands of the digital asset community.”
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Coinbase Scrams Out Ex-Hacking Team Employees Following Uproar
Brian Armstrong, co-founder and CEO at Coinbase, stated yesterday that staff members of Neutrino, the blockchain analytics firm it had recently acquired would be transitioned out of Coinbase. Reportedly, Neutrino was acquired to analyze evidence on public blockchains and prevent user funds’ theft, investigate ransomware attacks, and identify bad actors. However, their wage-earners were former workers on the “Hacking Team” which allegedly sells offensive intrusion and surveillance capabilities to oversights, law enforcement agencies and corporations, news that wasn’t well received by the community and generated an uproar on social usual. Brian Armstrong explained:
“Those who previously worked at Hacking Team (despite the fact that they procure no current affiliation with Hacking Team), will transition out of Coinbase. This was not an easy decision, but their previous to work does present a conflict with our mission”
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Crypto Investment Firm Circumambulate Completes SeedInvest Purchase
Yesterday, the Boston-based fintech firm Circle Internet Financial announced it has completed the property of the equity crowdfunding platform SeedInvest, which will possibly pave the way for the company to tokenize securities in the future. The Pty’s co-founders Sean Neville and Jeremy Allaire explained in a blog post:
“The acquisition is a further step toward netting our vision of a more open, global, connected, and inclusive financial system. Today [SeedInvest] are at the forefront of enabling startups to drag together capital directly from investors over the internet — creating new capital formation options for startups and growth companions, and giving average retail investors the opportunity to invest directly into innovative private companies.”
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