China’s central bank vows crackdown on virtual currency, flags stablecoin concerns
BEIJING, Nov 29 (Reuters) – China’s central bank reaffirmed its tough stance on virtual currencies on Saturday, warning of a resurgence in speculation and vowing…
Tag: Stablecoin
Binance Denied It Helped Trump’s Crypto Venture—But A $2B Deal And A Presidential Pardon Have Lawmakers Asking Questions
The world’s largest cryptocurrency exchange finds itself at the center of a political firestorm over allegations that it helped boost a Trump family–linked stablecoin just…
Bitcoin faces 3 headwinds as the cryptocurrency sits 28% below record high
Bitcoin (BTC-USD) is struggling to gain momentum as it heads toward its worst month since June 2022. As prices hover around $91,000 per token, or…
Bitcoin Treads Water as Traders Eye $140K: Crypto Daybook Americas
While bitcoin BTC$119,172.52 is pretty much back to where it was 24 hours ago, ether (ETH) and XRP XRP$3.4963 extended their gains after the House of Representatives passed the…
Dutch Bank ING Said to Be Working on a New Stablecoin With Other TradFi and Crypto Firms
ING’s stablecoin project could take the form of a consortium effort including some other banks and crypto service providers, two people familiar with the plans…
Tether Reports $13B Profit for 2024, With Rising Bitcoin, Gold Prices Contributing
The group also increased its bitcoin holdings last quarter for the first time since March, holding nearly 84,000 BTC worth about $7.8 billion as of…
Stablecoin Issuer Tether Ventures Into AI With Northern Data in $427M Nvidia Chip Splurge
Damoon, a Tether subsidiary in which Northern Group acquired a stake earlier this year, has purchased $427 million of Nvidia chips for generative AI cloud…
Who Is Cross River Bank, USDC Stablecoin Issuer Circle’s New Partner?
The New Jersey-based regional bank has an increased profile after the trio of recent bank collapses – and will likely face added regulatory scrutiny. Cross…
BUSD Depegs From Rival Stablecoin Tether After New York Regulator Tells Paxos to Stop Minting New Tokens
Traders seem to be migrating from Paxos’ BUSD stablecoin to tether. Binance’s dollar-pegged stablecoin BUSD turned volatile in the wake of regulatory action against its…
Tether Deal With New York State Brings Quick Reversal of Crypto-Market Sell-Off
The settlement over tether with the New York attorney general’s office appears to remove what might have been a systemic threat to cryptocurrency markets. Bitcoin…