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Stablecoins
Report: Tether Executives Facing Criminal Bank Fraud Charges
Bloomberg reports executives from Tether are reportedly facing a criminal probe into bank fraud, with the U.S. Department of Justice investigating the USDT issuer for a possible offense conducted years ago. “The Hash” panel discusses the ongoing controversy around Tether and why this developing story is one to watch.
Tether Executives Facing Criminal Bank Fraud Charges: Report
The U.S. Department of Justice is investigating Tether for a possible offense conducted years ago, Bloomberg reported Monday.
Market Wrap: Bitcoin Analysts Expect a Short-Squeeze
Bitcoin sellers are expected to cover positions, which could lead to higher prices next week.
Money Reimagined: Regulate Stablecoins, Don’t Smother Them
Haste is not conducive to the kind of nuanced regulatory approach needed for this fast-growing class of cryptos. Nor is scaremongering about “bank runs.”
Market Wrap: Bitcoin Holds Above $30K as Sentiment Improves
Bitcoin is holding up following a strong bounce from $30,000 support.
Paxos General Counsel on Stablecoin Backings, Risks and Regulations
Paxos, the crypto infrastructure firm behind Paypal, has released a breakdown of reserves of its stablecoins PAX and BUSD for the first time. Paxos General Counsel Dan Burstein discusses the key takeaways, noting differences between Paxos’ products and other stablecoins like USDC and USDT.
US Credit Union Regulator Wants to Know How Its Firms Handle DeFi
The NCUA is asking credit unions to weigh in on how they are interacting with DeFi and DLT.
