stablecoins

Stock Market

Silvergate Bank Held Reserves for Stablecoins, Raising Investor Protection Questions

[ad_1] Stablecoins are supposed to be the bedrock of the crypto market, faithfully staying pinned to the dollar, even as…

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Technology

Securities lawyers say the SEC may struggle to win a lawsuit over stablecoins, such as Paxos' BUSD, because owners do not expect profits, part of the Howey test (Dave Michaels/Wall Street Journal)

[ad_1] Dave Michaels / Wall Street Journal: Securities lawyers say the SEC may struggle to win a lawsuit over stablecoins,…

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Technology

A wallet linked to the suspected FTX hacker swapped ~$49M of stablecoins for ether, taking its haul to 228,523 ETH and becoming the 35th largest ETH holder (Sidhartha Shukla/Bloomberg)

[ad_1] Sidhartha Shukla / Bloomberg: A wallet linked to the suspected FTX hacker swapped ~$49M of stablecoins for ether, taking…

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Technology

CryptoQuant: users removed net $3.7B in bitcoin, $2.5B in ether, and $2B+ in stablecoins from exchanges between November 6 and November 13, as FTX collapsed (Bloomberg)

[ad_1] Bloomberg: CryptoQuant: users removed net $3.7B in bitcoin, $2.5B in ether, and $2B+ in stablecoins from exchanges between November…

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Technology

CNN closes its "Vault by CNN" NFT project, launched in 2021 to "own a piece of history", and plans to compensate purchasers with FLOW tokens or stablecoins (Richard Lawler/The Verge)

[ad_1] Richard Lawler / The Verge: CNN closes its “Vault by CNN” NFT project, launched in 2021 to “own a…

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Technology

US Treasury-led regulators release a report on digital assets calling on Congress to provide more resources to police crypto, regulate stablecoins, and more (Ephrat Livni/New York Times)

[ad_1] Ephrat Livni / New York Times: US Treasury-led regulators release a report on digital assets calling on Congress to…

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Technology

Robinhood adds USDC as the first stablecoin in its crypto lineup, while Binance and WazirX exchanges say they will delist USDC in favor of other stablecoins (Michael Bellusci/CoinDesk)

[ad_1] Michael Bellusci / CoinDesk: Robinhood adds USDC as the first stablecoin in its crypto lineup, while Binance and WazirX…

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Technology

California Assembly passes a bill requiring crypto firms in the state to obtain a license and that stablecoins be issued by a bank; Governor Newsom must sign it (Sam Reynolds/CoinDesk)

[ad_1] Sam Reynolds / CoinDesk: California Assembly passes a bill requiring crypto firms in the state to obtain a license…

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Entertainment

Stablecoins: Why they crashed and what it means for cryptocurrencies

[ad_1] Popular cryptocurrencies like bitcoin and ethereum have seen prices fall in recent weeks, but stablecoins are also having their…

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Business

Investors withdraw over $7 billion from tether, raising fresh fears about stablecoin’s backing

[ad_1] Tether has faced repeated calls for a full audit of its reserves. Justin Tallis | AFP via Getty Images…

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