qredo

ChainCatcher news, the Web3 asset data platform RootData announced on the X platform that in the past 24 hours, Qredo led the Solana sector with a 20.31% increase, followed by Synesis One with a 14.14% increase. The specific rankings are as follows:QredoSynesis OneSLERFMangoZignalyGooseFXJito

ChainCatcher news, according to The Block, two insiders revealed that there has been an increase in departures at Qredo in recent weeks as the cryptocurrency custody company intensifies efforts to enhance the value of its equity business and create utility for its tokens. Sources say that Qredo requested one of its founding team members, Benjamin Whitby, to leave; his most recent position was Vice President of Strategic Partnerships.Whitby confirmed his departure to The Block, stating, "I’m sad to be asked to leave," and that he "would absolutely go back" if invited. Whitby remains a shareholder of Qredo, having "invested from day one." Additionally, Dan Burke, Qredo's head of Asia-Pacific, resigned to seek other opportunities. Burke confirmed his departure, stating that his last working day at Qredo was January 26, and that Dae Lee, Qredo's Asia-Pacific Sales Director, will take over his role.Qredo asked Vice President of Marketing and Operations Luis Vaello to sign a new contract. However, sources say Vaello declined and joined the Qredo Foundation, which is dedicated to enhancing the value of the QRDO token. Vaello confirmed his departure and new role, stating that he is now focused on helping Qredo Network transition to the next phase called Fusionchain.

ChainCatcher news, according to The Block citing informed sources, the DeFi infrastructure platform Qredo is facing financial difficulties, and its incubated hybrid cryptocurrency exchange Ankex has recently been shut down. Some content on the Ankex website is still operational, but other content (including links to registration, login, and support pages) is no longer accessible. Michael Moro, the former CEO of Genesis Global Capital, was hired to operate Ankex in April this year and has since left.According to the crypto data platform RootData, Qredo completed a $80 million Series A financing round in February this year, with a valuation of $460 million. In September this year, Qredo laid off about 50 employees to cut annual expenses by 35%. Subsequently, Qredo also laid off 50% of its workforce in November.

ChainCatcher news, according to CoinDesk, the DeFi infrastructure platform Qredo will integrate Circle's USDC stablecoin and release the Circle USDC toolkit, making USDC a Gas token on any blockchain.It is reported that the newly released toolkit from Qredo includes Circle's "Cross-Chain Transfer Protocol" for minting, exchanging, and transacting with USDC across multiple networks.

According to ChainCatcher news, citing sources from The Block, crypto infrastructure provider Qredo has significantly downsized, laying off around 50 people, including executives such as Qredo's Chief Product Officer Gabriele Farei and Chief Information Security Officer Asen Taskov.The layoffs will save the company approximately 35% in annual expenses, with the adjusted employee count being around 130.

ChainCatcher news, according to CoinDesk, the DeFi infrastructure platform Qredo has optimized its self-custody wallet platform. The new platform, New Qredo, uses multi-party computation (MPC) smart key sharding technology to improve control over team permissions and approval processes.According to the crypto data platform RootData, last February, Qredo announced the completion of an $80 million Series A funding round at a valuation of $460 million. This round was led by 10T Holdings, with participation from Coinbase Ventures, Kingsway Capital, HOF Capital, Raptor Group, and GoldenTree Asset Management. (Source link)