Bitcoin News
Voyager calls time on Three Arrows as crypto fund teeters on the brink
Top blockchain and crypto news: Three Arrows fallout spreads. BIS calls BS on crypto. Chinese regulatory vacuum chills an NFT platform.
Forkast.News
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Stablecoin
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Altcoins
Australia’s ANZ stablecoin used to purchase carbon credits
The Victor Smorgon Group has used ANZ Banking Group’s Australian dollar-pegged stablecoin, A$DC, to purchase tokenized carbon credits in a transaction facilitated by crypto asset investment firm ZeroCap. See related article: Australian crypto industry watches as sole trader charges two top banks with ‘debanking’ Fast facts The carbon credits were tokenized to create digital security […]
Lachlan Keller
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Bitcoin News
Warnings on crypto, Bitcoin have materialized, says central bank body BIS
Deeper structural flaws in crypto make it unsuitable as the basis of a monetary system that serves society, the Bank for International Settlements said in its annual report.
Lachlan Keller
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Regulatory News
What is the right approach to regulating stablecoins?
Terra UST’s crash and burn is prompting calls for regulations. But lawmakers shouldn't paint all stablecoins with the same brush, writes Alan Chiu.
Alan Chiu
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Altcoins
Tether to offer new sterling-pegged stablecoin, GBPT
Tether said it will launch a new stablecoin pegged to the British pound sterling in early July, the issuer of the world’s largest stablecoin, USDT, announced Wednesday. See related article: Tether market cap shrinks below US$70B, lowest since October 2021 Fast facts Tether’s announcement comes a week after Circle, the operator of the world’s second-largest […]
Danny Park
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Altcoins
Tether market cap shrinks below US$70B, lowest since October 2021
The market capitalization of Tether, the world’s largest stablecoin, has dipped to an eight-month low of US$69.4 billion, according to CoinGecko data. See related article: Tether, USDT market cap has dropped by US$10B since UST collapse Fast facts Tether’s market cap has fallen almost US$3 billion since June 14 as investors pull out in a […]
Monika Ghosh
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Altcoins
USDC operator Circle introduces new Euro Coin stablecoin
USD Coin (USDC) creator Circle announced on Thursday it will release the Euro Coin (EUROC), a redeemable stablecoin pegged to the euro, on June 30. See related story: US$500 mln in USDC added to TRON DAO USDD reserve Fast facts Ethereum-based EUROC will join Circle’s USDC, which is the world’s second-largest stablecoin with over US$54 […]
Dylan Butts
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Altcoins
What lessons can we learn from Terra’s LUNA/UST meltdown?
Terra’s LUNA/UST death spiral was entirely predictable — and it served as a stress test for better-designed stablecoins, writes Gytis Trilikauskis of MEV Capital.
Gytis Trilikauskis
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Altcoins
US$500 mln in USDC added to TRON DAO USDD reserve
TRON DAO announced it has added US$500 million in USDC to its reserve to bolster its algorithmic stablecoin’s dollar parity, but USDD has been off its peg to the greenback for about two days. See related article: Michael Saylor, MicroStrategy stick to their guns on Bitcoin Fast facts See related article: Bitcoin, Ether bear brunt […]
Ningwei Qin
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Bitcoin News
Crypto buyers in emerging economies find themselves caught between a rock and a hard place
Cryptocurrencies can offer citizens in emerging economies a potential buffer against runaway inflation and financial mismanagement by governments. But buying them increasingly means navigating onerous regulations and punishing taxes.
Pascal Hügli
