The TUSD stablecoin, linked to Justin Sun, collapsed below its US dollar peg on January 15, reaching a low of $0.984 amidst a wave of massive selling on the Binance crypto exchange exceeding $330 million.
The TUSD stablecoin, linked to Justin Sun, collapsed below its US dollar peg on January 15, reaching a low of $0.984 amidst a wave of massive selling on the Binance crypto exchange exceeding $330 million.
USDT is the preferred stablecoin for criminals according to the UN, especially for laundering money from sophisticated scams.
The USDC lost its peg to the dollar yesterday. Instead of trading at 1 dollar, this stablecoin from Circle saw its value drop to an alarming level on Binance. This created a situation of panic within the crypto community.
Tether has partnered with the FBI to freeze a colossal sum of 435 million dollars in crypto. Does this unprecedented partnership mark a turning point in cryptocurrency regulation, or is it simply another chapter in the crypto saga? Let's dive into the juicy details of this unlikely alliance.
The transfer of the cryptocurrencies earned from this drop will occur in mid-January.
Yesterday pinned, today fearless. PayPal has just thrown down the gauntlet to the authorities by asserting its determination to pursue its blockchain innovations. Let's analyze this statement that sounds like a declaration of war.
PayPal, the payment giant, has just achieved another crucial milestone. Indeed, the UK's financial market regulator, the Financial Conduct Authority (FCA), has granted it the green light to offer crypto services across the entire territory of the United Kingdom. Let's take a closer look!
Stablecoins, much like crypto assets, do not enjoy unanimous support from governments. Even though stablecoins appear to offer more security, Japan is grappling with a crucial question: are they as reliable as they seem? And in case they are not, how can greater security be ensured in the sector?
Chainalysis has published its annual ranking of countries based on their affinity for Bitcoin, stablecoins, and other cryptocurrencies.
For several months now, PayPal has chosen to enter the world of cryptocurrency and blockchain. The major player in online payments has been launching innovative initiatives to establish itself in the crypto market. The latest crypto developments involve patent applications that would allow PayPal to dive deeper into the world of NFTs and blockchains.
The European Union (EU) is currently preparing for the implementation of the MiCA crypto standards. This law aims to regulate stablecoins. Today, this regulation is sparking debates and concerns regarding its impact on the crypto market, especially on stablecoins.
Several reports on the performance of dollar-backed digital currencies suggest that crypto wallets containing stablecoins will eventually replace credit cards. The appetite for dollar-backed stablecoins in payments is increasingly surprising, and could even pose a threat to the business model of traditional payment companies such as Visa, PayPal and MasterCard. What do traditional payment companies have to say about this silent competitor?
As the SEC continues its hunt for crypto exchanges, the United States has decided to put the potential of stablecoins at the service of its economic policy. This is what can be deduced from a speech by U.S. Federal Reserve Chairman Jerome Powell, who acknowledges that stablecoins are a form of currency. Where does this sudden interest in stablecoins come from?
PayPal has been at the forefront of the crypto scene since the deployment of its recent stablecoin, PYUSD. However, in the UK, the situation is different: this payment platform must align itself with Financial Conduct Authority (FCA) regulations, forcing it to temporarily suspend crypto purchases.
The crypto world, vast and complex as it may be, remains a place where innovation continually finds its place. In this frantic race for modernization, Tether introduces a major breakthrough: Moria.
Tether may have reassured the crypto community after a series of depegs in its stablecoin USDT this year, but its instability is a major concern. Early this morning, it was reported that the asset had fallen to a very low level, raising doubts about a Terra bis scenario. Let's take a look!
Tether (USDT) is the largest stablecoin currently on the markets. Present in the crypto ecosystem since 2014, its position is undeniable. However, USDT's lowest parity since the fall of FTX is being recorded, and this could be the work of Changpeng Zhao, CEO of Binance.
It's here: a PayPal stablecoin! If the rumor had already been circulating, the payment company is embarking on a new course and taking the turn towards digital assets. It's time to find out more about this new project.
The crypto sector is a tumultuous sea, sometimes capricious, sometimes farsighted. According to renowned analyst Dan Gambardello, Cardano ($ADA) could soon be making meaningful waves.
Tether, the USDT stablecoin issuer, has taken the decision to freeze $2.5 million in USDT due to its connection to an alleged hack of the Multichain interchain router protocol. Tether thus aims to protect the funds involved and prevent any potential misappropriation or unauthorized access.
Making European banks more resistant to crises and less permeable to unsecured cryptocurrencies was the aim of lawmakers from the 27-nation bloc meeting today. At the same time, an agreement was reached in favor of reforms to banking regulations.
The SEC has previously announced several legal actions against tokens in the Tron ecosystem. Nevertheless, the blockchain has recorded remarkable performances during the first quarter of 2023. This is revealed in a new report by the economic intelligence company Messari. Here's what it's all about.
Litecoin celebrated its 11th anniversary last October. Even though the crypto market seems more unstable than ever, its creator Charlie Lee remains convinced of its value. At least, that's his main message in a Litecoin prediction shared through a series of tweets.
In October 2021, the ECB and central banks in the Eurozone began investigating the digital euro. The ECB has released a new report detailing the progress made so far and revealing the design and distribution options approved by the ECB's Governing Council.
Through its crypto-dedicated subsidiary SG-Forge, La Société Générale is increasingly anchoring itself in the European crypto ecosystem. In recent months, the French multinational bank has been multiplying its initiatives to integrate cryptos into its traditional service offering.
Even though Tether is a rather special cryptocurrency in that one USDT will always be worth $1.00, it should still be considered as another crypto asset. Therefore, it is fair to ask the question of how to buy or sell Tether. In this guide, we are going to explain the…