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Stablecoin Plunges 98% in 24 Hours, Sparks Rug Pull Allegations
26.10.2024
Early on Oct. 26, the U.S. dollar value of Essence Finance’s decentralized stablecoin, CHI, plunged by more than 90% after rumors emerged that more than $20 million of collateral had been removed. According to Geckoterminal data, the value of the stablecoin, which normally trades at par with...
Unsubstantiated Tether investigation report shakes crypto market
25.10.2024
“Old noise” may be a new name for FUD, as Tether defends itself from a report in The Wall Street Journal about US government investigations
Unsubstantiated Tether investigation report shakes crypto market
25.10.2024
“Old noise” may be a new name for FUD, as Tether defends itself from a report in The Wall Street Journal about US government investigations
Unsubstantiated Tether investigation report shakes crypto market
25.10.2024
“Old noise” may be a new name for FUD, as Tether defends itself from a report in The Wall Street Journal about US government investigations
Stablecoins and the dollar: Allies or adversaries in the new financial era?
25.10.2024
As Americans gear up for the elections, the digital dollar comes back into focus. What roles will a CBDC and stablecoins play in shaping the future of the US economy?
Stablecoins and the dollar: Allies or adversaries in the new financial era?
25.10.2024
As Americans gear up for the elections, the digital dollar comes back into focus. What roles will a CBDC and stablecoins play in shaping the future of the US economy?
Wintermute to take Ethena’s USDe as trading margin
25.10.2024
Trading platforms and regulators are increasingly embracing cryptocurrency as collateral for trades.
Wintermute to take Ethena’s USDe as trading margin
25.10.2024
Trading platforms and regulators are increasingly embracing cryptocurrency as collateral for trades.
Tokenized Treasuries Like Blackrock's BUIDL Will Challenge Stablecoins But Won't Fully Replace Them: JPMorgan
25.10.2024
These tokens are at a regulatory disadvantage to stablecoins due to their classification as securities, the report said
Indo-Pacific Nations Outpacing the US in Crypto Regulation, SEC Commissioner Says
25.10.2024
A U.S. Securities and Exchange Commission (SEC) commissioner has urged the U.S. to adopt a more proactive approach to crypto regulation, pointing to the leadership of Indo-Pacific nations like Japan, Singapore, and Hong Kong. He emphasized that these countries have crafted clear frameworks that...
Circle's Allaire: Stablecoins Could Expand by Trillions in 10 Years, Will Be Integral Part of Global Financial System
24.10.2024
While USDC has been popular in developed markets, it has seen significant growth in emerging regions among fintechs and brokers servicing businesses and households, Jeremy Allaire told CoinDesk in an interview
Tether proposes boron-backed tokens to Turkey’s government
24.10.2024
Turkey’s state-owned boron miner estimates the country has more than 70% of global reserves of borate minerals
Senator Claims BRICS Push to Ditch US Dollar Could Boost USD Global Dominance
24.10.2024
U.S. Senator Bill Hagerty has warned of growing efforts by BRICS nations to bypass the U.S. dollar’s dominance but argued this could ultimately strengthen the status of the dollar as the world’s reserve currency. He emphasized the need for a regulatory framework to boost demand for U.S. treasuries...
Crypto bills may move forward in ‘lame duck’ Congress, says Rep. Hill
23.10.2024
Representative French Hill says two crypto-regulating bills in the US might make some progress on Capitol Hill before the current Congress disbands
US ‘dropping the ball’ on crypto, but that should change soon: Tether CEO
23.10.2024
Tether CEO Paolo Ardoino says the US has been lagging on crypto laws but thinks that could soon change after the November elections
Stripe in $1.1B Acquisition Deal for Stablecoin Platform Bridge: Report
21.10.2024
Bridge, which has raised $54 million in funding, previously said it aspired to become the blockchain version of Stripe, operating a global system in which other developers could integrate
Millions Already Hold This Latam-Based Dollar Pegged Stablecoin
21.10.2024
Mercado Libre, the Latin American e-commerce and financial services giant, has reached a milestone with meli dolar, an in-house distributed dollar-pegged stablecoin. The token, launched in August, is now in millions of wallets, according to Ignacio Estivariz, VP of Fintech Services at Mercado...
Crypto’s Largest Acquisition: Stripe Acquires Stablecoin Firm Bridge for $1.1B
21.10.2024
Irish-American fintech firm Stripe has marked crypto’s largest acquisition as it acquires stablecoin platform Bridge for $1.1 billion.…
Stripe acquires stablecoin platform Bridge for $1.1B: Techcrunch founder
21.10.2024
The deal marks one of crypto’s largest acquisitions, allowing more businesses to deal in stablecoins.
Stripe Acquires Stablecoin Platform Bridge in Record $1.1 Billion Crypto Deal
20.10.2024
Payments company Stripe has acquired stablecoin platform Bridge in a $1.1 billion transaction, marking the largest acquisition in the crypto industry to date. Techcrunch founder Michael Arrington confirmed the news through a post on X, emphasizing the significance of this milestone deal....