Key Takeaways In a recent jury trial, Terraform Labs and its co-founder, Do Kwon, were found liable on civil fraud charges brought by the U.S. Securities and Exchange Commission (SEC) concerning the collapse of the Terra ecosystem in May 2022. …
Key Takeaways Nick van Eck, son of Jan van Eck, the CEO of VanEck, a prominent $90 billion asset management firm, is set to launch a new stablecoin named Agora digital dollar (AUSD). The initiative follows a successful $12 million…
Key Takeaways Tether, the force behind USDT stablecoin, recently boosted its Bitcoin reserves with an acquisition of 8,888 BTC on March 31, valued at $618 million. This move marks a significant step in Tether’s ongoing Bitcoin accumulation strategy, pushing its…
Key Takeaways The Crypto Council for Innovation (CCI) has raised significant concerns regarding proposed stablecoin regulations in Hong Kong, outlined in a consultation paper by the Hong Kong Monetary Authority (HKMA) and the Financial Services and the Treasury Bureau (FSTB).…
In simple layman’s terms, stablecoins are crypto assets pegged to the U.S. dollar. This is done to ensure price stabilization in the crypto market. However, recent events due to UST and USDD crashes have created a new fear, and the…
Key Takeaways Amidst a backdrop of regulatory uncertainties, TrueUSD (TUSD), a stablecoin associated with blockchain entrepreneur Justin Sun, has experienced a drop below its $1 peg. Reports suggest that holders are opting to cash out hundreds of millions of dollars’…
Key Takeaways The European Union’s push for comprehensive crypto regulation took center stage as the European Banking Authority (EBA) held a public hearing to deliberate on proposed operational guidelines for stablecoin issuers under the upcoming Markets in Crypto Assets (MiCA)…
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