[ad_1] This week saw Bitcoin slipping again until it fell below the $22,000 level on Friday, losing more than 7% in a single day. Ether was affected too, as the second largest cryptocurrency by market cap fell below $1,700 on Saturday This week saw Bitcoin slipping again until it fell below the $22,000 level on […]
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[ad_1] As regulators train their sights on stablecoins, what should people know about this asset class As regulators train their sights on stablecoins, what should people know about this asset class The story so far: In early July, the Financial Stability Board (FSB), a body which advises major economies on international finance, promised to push for […]
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[ad_1] South Korean prosecutors were looking for evidence of illegal practice involved in the collapse of Luna in May South Korean prosecutors were looking for evidence of illegal practice involved in the collapse of Luna in May South Korean prosecutors carried out search and seizure operations at local cryptocurrency exchanges and related offices, looking for […]
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[ad_1] The benefits would hinge on how such private companies issuing digital assets are regulated The benefits would hinge on how such private companies issuing digital assets are regulated Consumer-focused digital tokens issued by private companies could be better than central bank-issued tokens assuming the companies can be regulated appropriately, the Australian central bank governor […]
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[ad_1] A company statement confirmed that Celsius had “$167 million in cash on hand” A company statement confirmed that Celsius had “$167 million in cash on hand” The beleaguered cryptocurrency lending platform, Celsius Network, which last month froze all user withdrawals and transfers, has now filed for bankruptcy protection. (Sign up to our Technology newsletter, […]
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[ad_1] Tether already has cryptocurrencies known as ‘stablecoins’ pegged to four other fiat currencies Tether already has cryptocurrencies known as ‘stablecoins’ pegged to four other fiat currencies Tether, the largest stablecoin issuer by market cap, unveiled on Wednesday a token linked to the British Pound (GBP). One GBP₮ token would be worth one British Pound […]
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[ad_1] Major crypto firm Tether said on Wednesday it will launch next month a “stablecoin” pegged to the British pound, a move that comes as London draws up plans to regulate the fast-growing type of digital currency. Stablecoins are cryptocurrencies designed to keep a steady value against traditional currencies or commodities such as gold. They […]
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[ad_1] The Celsius move triggered a slide across cryptocurrencies, with their value dropping below $1 trillion on Monday for the first time since January 2021, sparking worries the rout might spill over into other assets or hit other companies. The Celsius move triggered a slide across cryptocurrencies, with their value dropping below $1 trillion on […]
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[ad_1] The recent Luna-Terra crash has led to tens of billions of dollars of losses, which has led to wide criticism of “algorithmic stablecoins” as a category, with many considering it to be a fundamentally flawed product. Ethereum co-founder Vitalik Buterin has shared two experiments on evaluating whether an algorithmic (algo) stablecoin is sustainable. In […]
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[ad_1] Is inflation the only reason why cryptocurrencies like Bitcoin had such a steep downward movement? Is inflation the only reason why cryptocurrencies like Bitcoin had such a steep downward movement? The story so far: Bitcoin, the most dominant cryptocurrency around, is down more than 50% from an all-time high price of $68,000, which it […]
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