Tether estimates around $1.6 billion in excess reserves to support USDT
Cryptocurrency firm Tether estimates it will make $700 million in profit in the March quarter, taking its total profit reserves to over $1 billion, the company’s...
Tagged: USD Coin/USD
Crypto companies have a new crisis: Banks can’t take their money
Silvergate Capital is in crisis mode after the crypto bank warned about its ability to “continue as a going concern.” The disclosure, made in a securities...
Binance crypto exchange will suspend US dollar transfers
Changpeng Zhao, billionaire and CEO of Binance Holdings Ltd., speaks during a session at the Web Summit in Lisbon, Portugal, Wednesday, Nov. 2, 2022. Zed Jameson...
Cryptocurrency markets on edge as US regulatory crackdown intensifies
Paxos has been ordered by New York regulators to stop issuing the Binance USD (BUSD) stablecoin. Jakub Porzycki | Nurphoto | Getty Images Digital currency markets...
Cryptocurrency markets on edge as US regulatory crackdown intensifies
Digital currency markets are on edge after a flurry of aggressive regulatory actions from the US authorities in recent days. On Monday, the New York State...
Binance crypto exchange will suspend US dollar transfers
Binance will suspend US dollar withdrawals and deposits for international customers starting February 8, the company said. In January, Binance banking partner Signature Bank raised the...
Crypto has had a miserable month and it’s only the third day of August
It’s been a rough month for the crypto sector, and it’s only the third day of August. From cross-chain bridge hacks draining hundreds of millions of...
The USD rally is likely to continue. And that’s bad for crypto
The US dollar’s ongoing strength could put more downward pressure on crypto prices that have already suffered along with other risk assets, as bitcoin has lost...
Bitcoin’s Next Move: 5 Things to Watch
Bitcoin climbed nearly 25% in July, but investors are unlikely to see a repeat of those gains in August. Digital assets continue to trade sideways, and...
Crypto startup Nomad offers 10% bounty after $190 million hack
Over $2 billion has been stolen from cross-chain bridges so far this year, according to crypto analysis firm Chainalysis Jakub Porzycki | Nurphoto via Getty Images...