Cantor Fitzgerald Chief Assures Tether Reserves as Fully Backed by Deposits
Cantor Fitzgerald chief executive Howard Lutnick indicated that Tether possesses the money it claims as USDT reserves. The executive disclosed this during an interview with...
New Report Reveals USDC Wallets Surged by 59% in 2023
Circle native stablecoin namely USDC increased recently witnessed a considerable drop in circulating supply. However, at the same time, the trading volume and demand have...
TrueUSD Taps Accounting Firm MooreHK to Daily Audit Fiat Reserves
TrueUSD, in a Thursday, December 28 press release, confirmed partnering with MooreHK to solidify transparent stablecoin issuer. The firm behind TUSD stablecoin hailed the engagement...
Singapore to Hear $140M DeFiance Capital Dispute with 3AC Liquidators
Singapore judge ruled that the country's court is the appropriate venue to hear the $140M dispute involving DeFiance Capital against Teneo. The decision delivered a...
China Urges Crackdown on Tether Stablecoin Alleging Illegal Forex Trading
China's Supreme People's Procuratorate (SPP) warned in a recent publication that Tether usage as an exchange medium for local and foreign currency is prohibited. The...
Hong Kong Leads Asia’s Changing Crypto Regulatory Landscape
Beyond the enthusiasm portrayed by the community in anticipating approval of spot Bitcoin exchange-traded funds (ETFs) in the US, Asia realised a significant milestone in...
El Salvador Outshines Nigeria in Bitcoin Interest
Different types and variants of cryptocurrencies have gained popularity in different regions around the globe. For Nigeria, stablecoins are ranked as the top cryptocurrency on...
Ripple Seeks to Acquire a Portion of the Expected $5T CBDC Market
Ripple takes a closer look at a considerable share of the expected central bank digital currencies market as the landscape changes. According to the report...
Ripple Publishes White Paper on CBDCs and Their Utility
Central Bank Digital Currencies (CBDCs) are digitized forms of legal tender or fiat currencies. CBDCs are usually issued and controlled by Central Banks as a...
Coinbase to Launch Spot Crypto Trading Services for International Clients
Coinbase, the biggest exchange based in the United States has now introduced Bitcoin and Ethereum trading services for USD Coin. The firm has been working...