Lader was one of the early names leave traditional finance to work in the crypto space. Mary-Catherine Lader, president and chief operating officer of Uniswap Labs, has reportedly resigned after four years with the company. According to a Bloomberg report on Tuesday, Lader will stay in an advisory role before moving on to her next venture. A spokesperson for Uniswap said the company “will continue to build on her contributions,” according to the report. Lader was one of the early big names to leave traditional finance to work in crypto space. She joined Uniswap in 2021 from BlackRock, where she was a managing director and global head of Aladdin Sustainability, according to Bloomberg. Read more
The Tornado Cash co-founder's legal team argued he "had nothing to do" with hackers using the crypto mixing service as his criminal trial kicked off. Jury selection in the criminal trial of Tornado Cash co-founder and developer Roman Storm wrapped up on Tuesday, and prosecutors and defense attorneys issued their own statements in a case that could have significant repercussions for the crypto and blockchain industry. According to reporting from Inner City Press inside the US District Court for the Southern District of New York on Tuesday, US prosecutors focused much of their opening statement on attempting to link Storm to North Korean hackers using Tornado Cash to launder funds, in violation of US sanctions. The Lazarus Group was allegedly behind a 2022 hack of the Ronin Bridge, which removed about $600 million in crypto. “The defendant was profiting from a giant washing machine for dirty money,” reportedly said Assistant US Attorney Kevin Mosley, adding: “Mr. Storm had choices. Once he learned he was washin...
Ether reclaims $3,000 and breaks key technical levels, setting the stage for a potential 1,110% rally. Key takeaways: Ether is outperforming Bitcoin this week, with the altcoin reclaiming $3,000. The ETH/BTC pair broke above its 200-day moving average, with the RSI breaking a three-year downtrend, hinting at a structural shift. Read more
Big banks have been weighing an entry into the stablecoin market as the US Congress debates digital assets regulation. JPMorgan Chase, the largest bank in the United States with $3.6 trillion in assets, has plans to “to be involved in […] stablecoins,” CEO Jamie Dimon said on Tuesday during an earnings conference call. According to Dimon, JPMorgan’s move into the stablecoin space is partly driven by competition from fintech companies, which are increasingly trying to replicate features of the traditional financial system. “We’re going to be involved in both JPMorgan deposit coin and stablecoins to understand it, to be good at it,” Dimon said. “I think they’re real, but I don’t know why you’d want to [use a] stablecoin as opposed to just payment.” Read more