Terraform Labs Seeks Bankruptcy Protection in US
Terraform Labs, the project that issued UST stablecoin is now filing for Chapter 11 bankruptcy filing. The official filings of the firm revealed $100 million...
Chainalysis Reporting 29% Crypto Crime Decline in 2023
A recent blockchain-based analyst firm Chainalysis disclosure hails FTX for tipping the scale of the illicit crypto amount reported following the Sam Bankman-Fried conviction. Chainalysis...
Ripple CEO Brad Garlinghouse Predicts More Crypto ETF Approvals
Ripple Labs CEO, Brad Garlinghouse, recently projected that the Securities and Exchange Commission may approve more crypto-based ETFs. He noted that the ETFs will pave...
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...