Tether aims to decrease commercial paper backing of USDT to zero
Tether expects to reduce USDT’s commercial paper backing to $8.4 billion by the end of June 2022 and eventually completely remove it. Go to Source Powered by WPeMatico
Cryptocurrencies
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South Korean Government Calls for Voluntary Regulations From Crypto Industry
The executive power and the ruling party in South Korea have urged the cryptocurrency industry for what officials describe as voluntary regulatory measures, a Korean media report revealed. The call was issued during a consultative meeting devoted to crypto assets. Government Asks South Korean Crypto Sector for Regulatory Proposals Representatives of the South Korean government … Read more
Seized crypto safe with US Marshals Service? Not so much, new audit reveals
OIG’s audit disclosed the lack of documented policies and practices related to the management of seized crypto assets — especially related to the use of inventory spreadsheets. Go to Source Powered by WPeMatico
OpenSea announces migration to Seaport protocol
The firm estimated that users can save 35% on gas fees with newly optimized transaction efficiency. Go to Source Powered by WPeMatico
Celsius (CEL) price gains 600%+, but analysts cite exchange error and a massive short squeeze
CEL price abruptly rallied 600%+ on June 14, but analysts say it’s likely due to an exchange glitch or a liquidation of short traders. Go to Source Powered by WPeMatico
EU commissioner reiterates need for ‘regulating all crypto-assets’
Mairead McGuinness said that she planned to discuss a compromise through the MiCA proposal currently under review in the EU. Go to Source Powered by WPeMatico
SEC chair warns about ‘too good to be true’ returns amid market downturn
Gary Gensler added that he continued to be “intrigued with the technology,” but did not directly address if the SEC would approve a Bitcoin exchange-traded fund. Go to Source Powered by WPeMatico
What happens if you lose or break your hardware crypto wallet?
The safety of the recovery phrase is way more important than keeping the hardware wallet safe, according to executives at Ledger and Trezor. Go to Source Powered by WPeMatico
Crypto exchange Coinbase slashes staff by 18% amid bear market
After initially slowing down hiring, Coinbase announced plans to reduce its headcount by 18%, with the CEO citing a starting economic recession. Go to Source Powered by WPeMatico
Consensus 2022: Web3, unpacking regulations, and optimism for crypto’s future
Despite crypto winter, the conference drew in 17,000 people to discuss the crypto regulatory landscape, Web3 development and the future of digital assets. Go to Source Powered by WPeMatico