Jan3’s CEO, Samson Mow, put out a series of tweets lambasting Ripple on social media. These have been in response to remarks made by the CEO of Ripple, Brad Garlinghouse, who had said Tether could be next on the hit list of the SEC. In the case of Ripple, it is spreading FUD not only against Tether but against Bitcoin as well, as pointed out by Mow. In a tough-toned response, Tether CTO Paolo Ardoino called Garlinghouse an “uninformed CEO” and deflected from claims the firm’s USDT, the world’s most widely used stablecoin, was not fully backed.

In other words, the dispute is getting more heated after Ripple indicated that it plans to launch its own stable coin, which surely will compete with Tether. In response, Ardoino sought to reassure the crypto community of the robustness of USDT in any emerging market. Simultaneously, Mow reminded his followers that Ripple had previously bankrolled a campaign that sought to change the Bitcoin network away from its proof of work consensus, shining light on the industry-wide tensions that continue to play out.

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Australia’s largest global digital asset exchange, OKX, has firmed its reach in Australia after a year of groundwork since opening a Sydney office in May 2023. The expanded platform will provide open access to spot trading for all users and derivatives trading for verified wholesale clients transparently and compliantly to cryptocurrency trading and decentralized finance. The expanded platform features the largest in the region, which enables direct deposits and withdrawals in AUD, comprising 170 crypto spot pairs and 85 tokens, including major cryptocurrencies like Bitcoin and Ethereum.

The strategic importance of this launch is supported by the enthusiastic adoption of crypto in Australia, where more than 31.6% of the population engaged in the trade by July 2023. Therefore, the increasing demand and ownership of digital currencies have set the scene right for OKX to meet the growing market expectation of a safe and easy-to-use platform with a strong banking integration. This comes along with increased regulation and safety in the crypto space within the country.

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