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STABLECOIN MELTDOWN
What stablecoins actually do, how they work, and the hidden risks nobody talks aboutStablecoins explained: Stablecoins aim for crypto stability by linking to assets like the US dollar. They use collateral or algorithms to h...- Analysis-Why PayPal's stablecoin is likely to succeed where Facebook's Libra failedThe move, which comes as PayPal transitions to a new CEO announced last week, seems risky after Facebook's stablecoin was crushed by politi...
- Why PayPal's stablecoin is likely to succeed where Facebook's Libra failedPayPal this month said it was launching PayPal USD, a crypto token pegged to the U.S. dollar, making it the second major global company to ...
- Inside the frantic texts exchanged by Binance CEO and Sam Bankman-Fried as FTX collapsedThe series of about a dozen group texts between Zhao and Bankman-Fried on Nov. 10, which were obtained by The New York Times, show that key...
- Sudden crypto drop sends bitcoin to three-week lowEther also dropped around the same time and was last down 8.8% at $1,685.
- Bank of England: Crypto crashes show need for tougher rulesThe U.K.'s central bank said that the crashes exposed vulnerabilities in the crypto markets reminiscent of previous bouts of financial turm...
- Crypto Price : Bitcoin, Ethereum, Shiba Inu and Dogecoin zoom up to 13%The global cryptocurrency market cap moved up to the $885.71 billion mark, rising more than 7 per cent in the last 24 hours. However, the t...
- Amid crypto turmoil, US senators propose sweeping oversightThe bill unveiled Tuesday called the Responsible Financial Innovation Act proposes legal definitions of digital assets and virtual currenci...
- Regulators must put up guardrails to protect crypto investors: IMF officialThe shocking implosion of the TerraUSD stablecoin and Luna cryptocurrencies last week threw many young investors into a panic.
- Terra’s aftershocks torment cryptoThis week, Terra’s creator Do Kwon was fined $78 million by tax authorities and faces an investigation in South Korea, another stablecoin l...
- US crypto lobbyists in push to contain fallout from stablecoin meltdownCapitol Hill lawmakers have been quizzing lobbyists on the structure of UST, seeking to determine whether its collapse was preventable and ...
- Top cryptocurrency prices today: Cardano, Solana, Bitcoin, Shiba Inu drop up to 5%Barring the US dollar-pegged stablecoins, all the tokens were trading lower on Tuesday. Cardano and Polkadot tumbled 5 per cent each, where...
- Hackers hit top crypto data websites amid crypto meltdownCrypto data websites Etherscan, CoinGecko, DeFi Pulse and others reported such phishing attacks, reports CoinDesk. The phishing attack appe...
- Crypto world stabilizes after rocky week shakes stablecoinsBitcoin, the largest cryptocurrency by market value, last rose 4.85% to $29,925, rebounding from a December 2020-low of $25,400 which it hi...
- Cryptocurrencies melt down in a 'perfect storm' of fear and panicCryptocurrency prices reached a peak late last year and have since slid as fears over the economy grew.
- Nomura offers its first bitcoin derivatives, just as crypto markets tumbleThe trades, executed on the CME by crypto asset trading firm Cumberland DRW this week, were the Japanese investment bank's first digital as...
- Crypto meltdown deepens as stablecoin Tether drops below dollar pegCryptocurrencies have been swept up in a sell-off across higher risk assets, which has picked up steam this week as data showed US inflatio...
- Top cryptocurrency prices today: Terra crashes 80% in 48 hours; Shiba Inu, Solana reboundThe global cryptocurrency market cap was trading sharply lower at $1.43 trillion, rising a per cent in the last 24 hours. However, the tota...
- Treasury report calls for stricter oversight of stablecoinsThe largest stablecoin issuer, Tether, has been fined by both New York state authorities and the CFTC for misleading investors by claiming ...
- Top cryptocurrency prices today: Solana, Cardano, XRP shed up to 12%Barring stablecoins, eight out of top 10 cryptocurrencies were trading lower at 9.30 hours IST. Solana tanked as much as 12 per cent, where...
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