Cryptocurrency traders are showing signs of renewed confidence with the market cap of digital assets rising US$280 billion in July after a painful sell-off and credit crisis that had scared…
During Bloomberg’s Crypto Summit on Tuesday, US Senators Cynthia Lummis and Kirsten Gillibrand — the duo who led the bipartisan crypto bill — remarked that there is a slim chance…
In a recent G20 finance meeting in Indonesia, Australian central bank Governor Phillip Lowe commented that it would be better if cryptocurrency is left in the hands of private sector…
Tether announced that Tether tokens (GBPT) pegged to the British Pound Sterling will be slated for launch in early July. It will be joining the ranks of other fiat-pegged Tether…
Japan indicates that stablecoin issuers in the country will need to come from a small clutch of issuers and it will require certain standards for the protection of investors, especially…
Hardcore DeFi believers haven’t completely given up on algorithmic stablecoins, despite the spectacular crash of TerraUSD and its sister token LUNA.
In a sign that even the most “degenerate” cryptocurrency traders are looking for relative safety, Bitcoin is emerging as the dominant digital asset in these uncertain times.
It’s probably safe to say that that dreaded season for digital assets has finally arrived and no, it’s not because of the price of Bitcoin.
UST lost its peg, plunging to as low as US$0.67 at one stage before retracing to US$0.80 – hardly the stuff of stability and adding a dose of irony to…
Over the weekend, a swift selloff in both UST and Bitcoin saw the UST’s peg slip to its lowest level in almost a year,