The US House Financial Services Committee (HFSC) chair updated the public on the planned approach to the crypto-related legislation this year. Representative French Hill, who chairs the Digital Assets subcommittee, revealed that…
Category: Stablecoins
Treasury Officials Urge US Policymakers Action to Avert Repeat Crypto Crisis
The US Treasury official tasked the US lawmakers to expedite crypto regulation to avoid a repeat crisis. Citing past experiences in the financial crisis, the Treasury’s Assistant Secretary for Financial Institutions, Graham…
Morgan Stanley Warns Bitcoin’s Exceptional Growth and CBDCs Threaten US Dollar
Morgan Stanley executive heading digital assets Andrew Peel is warning of a likely paradigm shift in perception. The crypto head at the Manhattan-based investment bank considers that growth in digital assets usage…
SEC Register Huge Win in Terraform Labs Lawsuit, UST and LUNA Considered Unregistered Securities
Court documents show that according to the SEC, Kwon and Terraform Labs ‘organized a multi-billion-dollar scheme entailing the creation, marketing, and sale of different cryptocurrencies. A U.S. federal judge has ruled in…
Tether Chief Paolo Ardoino Labels $1B USDT Mint as Inventory Replenishment
The world’s largest stablecoin triggered skepticism from the community for minting $1 billion USDT on Christmas Day. Tether’s chief executive Paolo Ardoino calmed such concerns, indicating that the minting involved authorized and…
Coinbase Secure French Crypto License, Pursues Europe Expansion
The world’s second-largest crypto exchange, Coinbase, revealed in a Thursday, December 21 update hailing successful registration with the French markets regulator. The San Francisco-headquartered crypto exchange hailed the license granted by France’s…
Cantor Fitzgerald Chief Executive Optimistic on Bullish Bitcoin Halving
In his recent pronouncement, Cantor Fitzgerald chief Howard Lutnick expressed optimism in Bitcoin sustaining bullish steam. Unlike Bitcoin, he profiled altcoins as make-believe, which portrays its uncontrollable nature. Lutnick declared his discipleship…
Single Phishing Link Unleashes Havoc in the Crypto Industry
In its Thursday evening statement, Ledger revealed how the attack unfolded when its former staff suffered a phishing attack. The crypto wallet developer Ledger admitted the exploit in a warning to the…
Tether Blocks 161 Ethereum Wallets Sanctioned by US
In its Saturday, December 9 blog, Tether announced blocking 161 Ethereum wallets sanctioned by the United States Treasury from stablecoin USDT usage. The statement indicated that the new sanctions affected wallets that…
Tether Widens Controls to Collaborate with US Regulators in Freezing Sanctioned Wallets
Tether is widening control penalties to the secondary markets with efforts to collaborate with US regulators. A December 9 blog post showed that Tether, a stablecoin issuer, has revealed another step towards…
Binance $3.9B USDT Transactions From Cold Wallet Raise Interest Amid DOJ Settlement.
The timing of Tether-based (USDT) transactions from cold wallets raises eyebrows about potential payments by crypto exchange Binance amid the $4.3 billion announced by the Department of Justice (DoJ). The huge amount…