Tether will build renewable energy facilities in Uruguay and El Salvador, the new CEO told Cointelegraph. Paolo Ardoino became CEO of Tether on Dec. His appointment was planned well in advance and comes as the company is prioritizing diversification and expansion.  It’s a good time for the company. “As we are going to show in...Continue Reading

Acting President Claudia Rodríguez de Guevara, the first female head of state for El Salvador, took office on Dec. 1 and is expected to serve until June 2024. El Salvador President Nayib Bukele, who was behind legislation recognizing Bitcoin (BTC) as legal tender in the country, has stepped down from office to campaign. On Dec....Continue Reading

Ethereum’s price rally toward $2,100 is driven by new developments in the layer-2 space and investors’ anticipation of a spot BTC ETF. Ether (ETH) is trading higher on Dec. Ether 12-hour price index, USD. Source: TradingView However, the current positive momentum is supported by several factors, including applications for spot ETFs and the expansion of...Continue Reading

The former FTX CEO was found guilty of seven felony charges on Nov. 2, for which he could face up to 115 years in prison. Following his conviction on federal fraud charges on Nov. 2, former FTX CEO Sam “SBF” Bankman-Fried will not pursue any post-trial motions. In a Dec. 1 letter to Judge Lewis...Continue Reading

Law firm Cadena Legal said that the guidance released by the Australian Taxation Office is “non-binding” and must be treated as “toilet paper.” Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. The hacker who stole...Continue Reading

Though many filings in the SEC case were made under seal, Judge Jed Rakoff reportedly suggested that nothing would remain confidential should the matter go to trial. Lawyers representing the United States Securities and Exchange Commission and Terraform Labs and co-founder Do Kwon sparred in court over information provided by a whistleblower in the securities...Continue Reading

The billionaire mogul also claimed that OpenAI was lying about its training methods, but interviewer Andrew Ross Sorkin may have flubbed the question. Elon Musk made some of his boldest claims yet concerning the future of artificial intelligence (AI) during an interview with CNBC’s Andrew Ross Sorkin. During a wide-ranging interview, Musk responded to questions...Continue Reading

Bitcoin price hit a new 2023 high on Dec.1 and multiple altcoins are following suit. Is the crypto market preparing for a Santa Claus rally? Bitcoin (BTC) rallied about 9% in November, with $38,000 proving to be a difficult obstacle to cross. Coinglass data shows that in the past five years, Bitcoin rose only in...Continue Reading

Bitcoin reaches levels not seen since May 2022 amid an excited market reaction to the latest Fed inflation commentary. Bitcoin (BTC) hit $39,000 for the first time since mid-2022 on Dec. BTC/USD 1-hour chart. Source: TradingView Powell: Calling end to hikes would be “premature” Data from Cointelegraph Markets Pro and TradingView confirmed a new 19-month...Continue Reading

At an exclusive dinner in Singapore, certain Binance executives reportedly told traders about the pending settlement with U.S. officials, allowing the exchange to stay in business. Executives of cryptocurrency exchange Binance reportedly gave a heads-up to its top market makers regarding a potential $4.3-billion settlement with authorities in the United States. According to a Dec....Continue Reading