Tether claims USDT stablecoin is backed by non-US bonds

Tether claims USDT stablecoin is backed by non-US bonds

Tether previously claimed its stablecoin was backed 1-to-1 by US dollars. Justin Tallis | Afp | Getty Images The issuer of the stablecoin tether said in a report that the controversial digital currency is now backed in part by “non-US” government bonds. Stablecoins are a type of cryptocurrency pegged to the value of sovereign currencies … Read more

CA election commission weighs whether to allow Bitcoin donations

CA election commission weighs whether to allow Bitcoin donations

Should California politicians be allowed to accept donations of cryptocurrencies, such as Bitcoin? The California Fair Political Practices Commission, the state’s election watchdog, is set to consider just that when it meets at 10 am on Thursday. Cryptocurrency is a virtual, encrypted currency, not backed by any governmental body. It is produced by computer servers … Read more

The Crypto Crash Feels Amazing

The Crypto Crash Feels Amazing

Updated at 6:10 pm ET on May 18, 2022 “What do you think of this company Netscape? ” my parents asked. It was 1995, and they had called me on the landline, which back then just meant the telephone. Netscape was a company that made a graphical web browser—the web browser, really — but gave … Read more

‘No longer just a payments company’

‘No longer just a payments company’

Twitter CEO Jack Dorsey addresses students during a town hall at the Indian Institute of Technology (IIT) in New Delhi, India, November 12, 2018. Anushree Fadnavis | Reuters Block executives no longer want the firm to be seen as a payments pure play. The San Francisco-based company held its first investor day in five years … Read more

The Cryptocurrency Crash Is Great News For The Rest Of The World. Here’s Why

The Cryptocurrency Crash Is Great News For The Rest Of The World.  Here’s Why

Cryptocurrencies like Bitcoin were meant to be used as digital cash. Instead, they’ve become popular as speculative investments. As well as being resource-intensive and inherently wasteful, cryptocurrencies are also incredibly volatile. Prices for the largest cryptocurrencies, Bitcoin and Ethereum, have both dropped by over 55 percent in six months, leading some to suggest that regulation … Read more

Crypto Rout: Another Stablecoin Falls After UST and Luna

Crypto Rout: Another Stablecoin Falls After UST and Luna

Crypto investors no longer know where to turn. Crypto pricing is now correlated with the stock market, which means that, as the saying goes, when the stock market coughs, digital-currency prices catch pneumonia. This has persisted this year due to fears of recession. That concern in turn has been fueled by inflation, which is at … Read more

The Great Crypto Grift May Be Unwinding

The Great Crypto Grift May Be Unwinding

Last week, federal prosecutors arrested a fifty-year-old Long Island man and accused him of defrauding hundreds of investors by offering them gains of five percent per week — yes, per week — from a fictional crypto-trading platform. “Eddy Alexandre allegedly induced his clients to invest over $ 59 million with promises of huge passive income … Read more

Tether (USDT) redemptions fuel fears about stablecoin’s backing

Tether (USDT) redemptions fuel fears about stablecoin’s backing

Tether has faced repeated calls for a full audit of its reserves. Justin Tallis | AFP via Getty Images Investors have withdrawn more than $ 7 billion from tether since it briefly dropped from its dollar peg, raising fresh questions about the reserves underpinning the world’s largest stablecoin. Tether’s circulating supply has slipped from about … Read more

Turkey witnesses bitcoin frenzy amid economic turmoil | Business | Economy and finance news from a German perspective | DW

Turkey witnesses bitcoin frenzy amid economic turmoil |  Business |  Economy and finance news from a German perspective |  DW

Turkey witnessed an unusual coin toss at the recent Istanbul football derby between Besiktas and Fenerbahce. To decide which team starts on which side, referee Arda Kardesler apparently tossed a coin bearing the logo of the bitcoin cryptocurrency, surprising millions. The Turkish Football Federation (TFF) launched an investigation. The incident was just an illustration of … Read more

Turkey witnesses bitcoin frenzy amid economic turmoil | Business | Economy and finance news from a German perspective | DW

Turkey witnesses bitcoin frenzy amid economic turmoil |  Business |  Economy and finance news from a German perspective |  DW

Turkey witnessed an unusual coin toss at the recent Istanbul football derby between Besiktas and Fenerbahce. To decide which team starts on which side, referee Arda Kardesler apparently tossed a coin bearing the logo of the bitcoin cryptocurrency, surprising millions. The Turkish Football Federation (TFF) launched an investigation. The incident was just an illustration of … Read more