The Financial Services Agency said that work is currently underway to allow the domestic distribution of stablecoins in the country but added that there would be certain restrictions.
Signature’s decision to pull back from the digital asset space chaos won’t stop Binance from finding another bedfellow—the question is which disreputable company is next up to the plate.
FBI special agent Daniel Sirmons believes that funds deposited into Binance accounts are from ransomware attacks and, thus, subject to civil forfeiture, a move the exchange said it wouldn't comply with.
The impact of FTX's collapse may be largely restricted to the digital asset industry, but one effect the crisis had outside of the space was to put the concept of systemic risk back onto the agenda.
A few weeks before the collapse of FTX, Moonstone Bank partnered with fintech company Fluent Finance on a stablecoin venture to "accelerate crypto adoption by issuing US+ stablecoin."
An online investment from Tether Pay claimed to offer investors returns of up to 210% in 70 days or 3% daily while assuring users of the option to withdraw their funds at any time.
Sam Bankman-Fried’s only hope of not spending the best years of his life behind bars is to dish the dirt he has on the biggest crypto criminals: Binance and Tether.
Henslee concludes that it’s a good thing BSV was delisted from Bitfinex as this exchange is shady for him, and it’s best not to be associated with it in any way, shape, or form.
Senator Pat Toomey’s Stablecoin TRUST Act of 2022 bill and any laws based on it would reward issuers that play by the rules and push the likes of Tether out of the U.S. market.
So-called stablecoin Tether continues to spread its pervasive influence over a digital asset industry that is being increasingly embraced with wide arms and closed eyes across large parts of Latin America.
The Binance digital asset exchange has some explaining to do after blockchain data showed it financially rescuing its supposedly ‘independent’ Binance.US offshoot.