
Stablecoins
China court says Tether stablecoin ‘should not be circulated’
A Chinese court has ruled that local companies can’t pay their workers’ wages with USDT (aka Tether) because the government—like...
Meta pulls the plug on Novi, the last standing piece of Zuckerberg’s stablecoin dream
Novi users will lose all access to the wallet in September as Meta urges them to withdraw their funds, ending...
RBI: Chances of India’s ‘cryptoisation’ limited but still need close monitoring
The Reserve Bank of India states that digital assets don't pose a significant risk because the market is relatively small,...
Coinbase’s conflation of in-house stablecoin, US dollar sparks liquidity concerns
Coinbase is facing liquidity rumors after the struggling cryptocurrency exchange conflated its in-house stablecoin with the U.S. dollar for online...
BlockFi scores surprise Money Services License in Iowa, but its fate hangs in the balance
BlockFi announced the new license this week, coming just a fortnight after the platform paid close to $1 million to...
More hedge funds are betting against Tether amid digital currency meltdown
Some hedge funds are using Genesis Global Trading to short Tether, and they’ve upped the ante since the implosion of...
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