PayPal crypto chief Jose Fernandez da Ponte on battling Tether, USDC
PayPal on Monday became the first major U.S. fintech company to offer its own crypto token with a dollar-pegged stablecoin known as PayPal USD, making big promises of how it…
Tether estimates around $1.6 billion in excess reserves to back USDT
Paolo Ardoino, Tether’s chief technology officer, said the company estimates that the excess reserve will increase by $700 million in the current quarter, which is not yet over. Justin Tallis…
USDC nearly regains $1 peg after Circle says SVB deposit is available
In this photo illustration, a woman holds a smartphone with the USD Coin (USDC) logo displayed on the screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images USD…
How the SEC and Paxos-BUSD fight could impact the stablecoin market
Paxos has been ordered by New York regulators to stop issuing the Binance USD (BUSD) stablecoin. Jakub Porzycki | Nurphoto | Getty Images The U.S. Securities and Exchange Commission could…
Cryptocurrency markets on edge as U.S. regulatory crackdown intensifies
Paxos has been ordered by New York regulators to stop issuing the Binance USD (BUSD) stablecoin. Jakub Porzycki | Nurphoto | Getty Images Digital currency markets are on edge after…
Binance will suspend U.S. dollar transfers
Zhao Changpeng, founder and chief executive officer of Binance, attends a conference at Porte de Versailles exhibition center in Paris, France June 16, 2022. Benoit Tessier | Reuters Binance, the…
Crypto lender Genesis Trading files for bankruptcy protection
Barry Silbert, Founder and CEO, Digital Currency Group David A. Grogan | CNBC Crypto lender Genesis filed for Chapter 11 bankruptcy protection late Thursday night in Manhattan federal court, the…
A stablecoin collapse could spill into U.S. bond market: Academic
The near $1.4 trillion collapse of the crypto market in 2022 didn’t make a dent to traditional assets like stocks or to the real economy. But one academic has warned…
Crypto startup Nomad gives 10% bounty after $190 million hack
Over $2 billion has been stolen from cross-chain bridges up to now this 12 months, consistent with crypto research company Chainalysis Jakub Porzycki | Nurphoto by way of Getty Images…
Crypto has had a depressing month and it is only the 3rd day of August
It has been a coarse month for the crypto sector, and it is only the 3rd day of August. From cross-chain bridge hacks draining masses of tens of millions of…