Tether responds to Wall Street Journal ‘disinformation’
To attack Tether’s reserves […] further highlights an agenda by the publication to single out Tether and hurt its reputation,” the USDT issuer said. Go to Source Powered by WPeMatico
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South Korean central bank eyes MiCA, says future regulations may allow ICOs again
A Korean translation of the EU regulatory framework gave the Bank of Korea food for thought, and it shared its views on ICOs, stablecoins and protecting innovation. Go to Source Powered by WPeMatico
Crypto Biz: Step aside, Warren Buffett; stablecoin issuers hold more US debt than Berkshire Hathaway
Stablecoin issuers Tether, Circle and others hold more short-term U.S. Treasury Bills than Berkshire Hathaway. Go to Source Powered by WPeMatico
ATOM price is reaching for the Cosmos, but why?
Like all altcoins, ATOM price fell as $550 million of BTC, ETH and altcoin positions were liquidated last week. Which is exactly why its 35% rebound is raising eyebrows. Go to Source Powered by WPeMatico
Amendments to US commercial code differentiate crypto and ‘electronic money’
The updated guidelines seek to clarify the terms of crypto assets lending and specify the status of CBDCs. Go to Source Powered by WPeMatico
Acala community votes to burn 2.97 billion of erroneously minted aUSD stablecoin
3.022 billion aUSD were previously minted via a liquidity bridge glitch. Go to Source Powered by WPeMatico
Stablecoin issuers hold more US debt than Berkshire Hathaway: Report
Tether, Circle and other stablecoin firms held $80 billion worth of short-term U.S. government debt as of May 2022, more than owned by Warren Buffett’s Berkshire Hathaway. Go to Source Powered by WPeMatico
Independent Tether attestation reveals 58% decrease in commercial paper holdings
An independent review from the accounting firm BDO reported that the stablecoin issuer’s total assets exceed its consolidated liabilities. Go to Source Powered by WPeMatico
Another Stablecoin Fluctuates Wildly as HUSD Slips Below USD Peg to $0.82 per Token
The stablecoin HUSD, originally associated with the crypto exchange Huobi Global, lost its peg with the U.S. dollar on Wednesday, August 17, and it dropped even lower in value the following day on Thursday, August 18. On Thursday, Huobi addressed the public on Twitter and the exchange said “we are aware of the current liquidity … Read more
Tether reserve attestations to be conducted by major European accounting firm
BDO Italia, a member of the BDO Global accounting organization, will begin producing monthly attestations of Tether’s USDT backing. Go to Source Powered by WPeMatico