India’s WazirX Joins Binance In Delisting USDC
Just like Binance, India-based exchange WazirX will start implementing BUSD auto-conversion for balances of USDP, USDC, and TUSD at a 1:1 ratio in October. The major Indian crypto exchange has ...
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Tag: Tether
Suspect ‘Shadow Banker’ Reggie Fowler Wants A 6-Month Sentencing Delay
Reggie Fowler is a former NFL team owned who is also an alleged ‘shadow banker.’ He might face 30 years of imprisonment once convicted. He asked the court of the ...
Tether Confirms Its Support For The Post-Merge Ethereum
Coming hot on the heels of an official announcement from USD Coin (USDC) issuer Circle Pay, stablecoin giant Tether has officially confirmed that it will support Ethereum’s upcoming Merge upgrade. ...
Tether Terms Thesis Behind USDT Short-Selling ‘Flat Out Wrong’
Tether stated that the hedge funds that shorted its stablecoin after Terra’s massive collapse have “a fundamental misunderstanding of both the cryptocurrency market and Tether.” The issuer of Tether (USDT), ...
Crypto Has Crashed, Can IT Bounce Back Anytime Soon?
Plunging prices and lost life savings have confirmed for many that the blockchain dream was just too good to be true. Now, it may struggle to reach past highs. Even ...
Terra’s UST Becomes Third-Biggest Stablecoin After Flipping BUSD
Terra USD (UST), the Terra (LUNA) blockchain’s algorithmic stablecoin, has now flipped Binance USD (BUSD) to rank as the third-biggest stablecoin on the current market. UST market cap surged to ...
Reasons Why Bitcoin Might Become A Reserve Currency
One crypto platform’s aim to acquire $10 billion worth of bitcoin to tether its ‘stablecoin’ has been firing the market in recent days. This comes as part of a bigger ...
Stablecoins Pose Risks To Consumers – Massachusetts Sen. Elizabeth Warren
Elizabeth Warren, the Democratic Party Senator for Massachusetts, has once again slammed crypto stablecoins, alleging that they pose high risks to consumers and the entire economy. Sen. Warren argues that ...
Myanmar’s Interim Government Approved Tether (USDT) As Legal Tender
Reports have confirmed that the National Unity Government (NUG) of Myanmar has successfully approved the Tether stablecoin (USDT) as a legal dollar proxy for domestic transactions. According to a Bloomberg ...
CFTC Hands Tether And Bitfinex A Cumulative $42.5M Fine
On October 15, 2021, the Commodity Futures Trading Commission (CFTC) handed sister cryptocurrency firms Bitfinex and Tether fines totaling $1.5 million and $41 million respectively. The fines were handed citing ...