Binance Charity donates $3M in USDT to support Venezuela earthquake victims

Mike Belshe, CEO of the company, stressed that these changes resulted from a pivot to security, trading, stablecoins, and AI-powered infrastructure. The move would affect nearly 90 employees, reducing Bitgo’s total headcount to nearly 520. Crypto Custody Company Bitgo Announces Layoffs Bitgo, a company that offers staking, trading, OTC services, financing, settlement, and provides custody […]

BitGo cuts nearly 15% of its workforce as the crypto custodian shifts focus to AI, stablecoins, trading, and settlement. Crypto custodian BitGo is reducing its workforce by nearly 15% as it narrows its business focus. The company said the decision follows changes in the digital asset market and financial services sector. BitGo said it will […] The post Crypto Custodian BitGo Cuts Jobs as It Bets on AI and Stablecoins appeared first on Live Bitcoin News.

Crypto custodian BitGo is cutting approximately 15% of its workforce, CEO Mike Belshe announced Thursday, as the company refocuses on stablecoins, settlement, and AI infrastructure following a difficult post-IPO stretch.

USDT has drawn level with ether for the second-largest cryptocurrency by market cap, briefly overtaking it earlier in June. Rising stablecoin issuance is meeting a falling ether price.

XRP remains under sustained selling pressure, with the broader trend continuing to favor the sellers. The USDT chart shows the price on the verge of breaking a major support area after another leg lower, while the XRP/BTC pair has also slipped back toward a key floor, highlighting the token’s ongoing weakness against Bitcoin. Ripple Price […]

Tether’s USDT stablecoin briefly overtook ether to become the second-largest cryptocurrency by market capitalization, reaching about $186.06 billion against ether’s $185.66 billion. Stablecoin issuance and a slumping ether seem to be the primary drivers behind this otherwise rare flip. Issuance Up, Ether Price Down The crossover put USDT ahead of ether ( ETH), the native […]

BitGo reportedly reduced its workforce by about 15% as the digital asset custodian shifts focus toward stablecoins, settlement and AI infrastructure.

Invesco filed a GENIUS Act-compliant fund for stablecoin reserve management. The fund will invest in cash, Treasuries, and repos to maintain liquidity. Superstate will tokenize fund shares and manage blockchain shareholder records. Invesco has filed to launch a GENIUS Act-compliant tokenized money market fund designed for stablecoin issuers. The proposed product will provide yield-bearing, liquid […] The post Invesco Files GENIUS Act-Compliant Money Market Fund for Stablecoins appeared first on Live Bitcoin News.