Crypto News

Tether anticipates reducing the backing of USDT with commercial paper to $8.4 billion by the end of June 2022, and ultimately eliminating it entirely.Tether, the largest stablecoin firm, intends to ultimately eliminate the commercial…
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As one of the worst bear markets for the entire cryptocurrency sector unfolds, the chiefs of some of the world's largest financial institutions, including the governor of the Bank of England, are citing it as an argument against the new…
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The Trust Project is an international coalition of news companies tasked with developing transparency standards.After the US-pegged stablecoin dropped to $0.9807 this morning at 7:52 UTC, USDD is facing its most difficult test so far.…
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Some of its most ardent advocates, like the founder and managing partner of investment company SkyBridge Capital, are not pessimistic about the future of cryptocurrencies despite the market's severe setback.Indeed, Anthony Scaramucci,…
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According to a statement from London-based Marex Financial, Goldman Sachs has extended its client-facing crypto offering with ether (ETH)-linked derivatives product.As a torrent of institutional capital entered the market in 2021, the…
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Nexo asserts that it is in a solid position to acquire the assets of its struggling competitor, Celsius.Today, Nexo tweeted that it is "in a strong liquidity and equity position to buy any outstanding qualifying assets of Celsius,…
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The claim came when a Twitter thread by @FatManTerra disclosed the purported facts of how Kwon and Terra's influencers artificially maintained liquidity while draining cash.Do Kwon, CEO and co-founder of the notorious Terra (LUNA) and…
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With the use of the Stellar blockchain, the payment provider will be able to settle USDC payments with MoneyGram in "near real-time."Inbound and outbound transfer services On Friday, MoneyGram finally opened its stablecoin-powered…
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According to analyst Michael van de Poppe, Terra founder Kwon deserves to go to prison, comparing Kwon to Ponzi schemer Bernie Madoff.Community members reacted to reports that Terra's creator Do Kwon took $80 million a month before the…
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According to a joint statement made at this week's crypto conference Consensus in Austin, American Express is launching its first-ever crypto rewards credit card as part of a collaboration with Abra.To be sure, this news follows in the…
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