The collapse of the Silicon Valley Bank (SVB) on March 10 has sent shockwaves throughout the financial sector, with the crypto community turning to Bitcoin as a potential alternative to traditional banking institutions.
Tether News
New York Attorney General Letitia James has filed a lawsuit against Kucoin, a Seychelles-based crypto exchange, for failing to register as a securities and commodities broker-dealer and falsely representing itself as an exchange.
The Chairman of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, has reiterated his stance that stablecoins and Ether are commodities and should fall under the purview of the CFTC.
The rate at which the Ether supply is reduced has recently reached its highest level this year.
Despite a market plunge in cryptocurrency, the native token of decentralized finance protocol Yearn Finance, YFI, has managed to increase by 7% as investors are looking to take advantage of the upcoming liquid staking derivatives (LSD) rollout.
The cryptocurrency market has experienced tremendous growth over the past nine years, despite losing more than $1.5 trillion in 2022.
After Paxos, the blockchain company that minted the BUSD stablecoin, announced that it would no longer produce the dollar-pegged crypto asset, nearly $5 billion worth of BUSD stablecoins have been redeemed, reducing the overall supply of BUSD in circulation.
Amazingly, the supply of the BUSD stablecoin has decreased by 17.77% in just six days.
Ithaca, NY- Eswar Prasad, a professor of economics at Cornell University, has warned that a collapse in stablecoins could have a significant impact on the US bond market.
As the crypto market continues to evolve and mature, it’s important for investors and enthusiasts to stay informed about the latest trends and developments.
The FTX bankruptcy exposed some strange assets, and their relationship with Farmington State Bank is raising questions.
Persistent inflation is weighing on global markets. Last week, the US core CPI was announced, up 6.6% year-on-year, at a 40-year high.
Since Binance announced that USDC, existing or newly deposited Stablecoins such as USDC, USDP and TUSD in user accounts will be released.
Ethereum is generating more revenue and profitability, greatly improving its competitive position with Bitcoin.
Tether officially issued a statement stating that it has not received any instructions from relevant law enforcement agencies to freeze Tornado Cash sanctioned addresses related to OFAC, and will maintain the status quo and wait for instructions.
In the face of a cryptocurrency market of more than $2 trillion and a trend of increasing popularity around the world, the United Kingdom is sending positive signals and is expected to become the latest country to fully regulate the industry.
Buenos Aires, Argentina-based crypto exchange Buenbit has added support for four new stablecoins, including Tether (USDT), Circle (USDC), Binance USD (BUSD) and TerraUSD (UST).