S&P downgrades Tether: USDT warning in China
S&P's downgrade of USDT shakes the Chinese market: fears, doubts about transparency and tensions in the crypto world rise.
Stablecoins
Stablecoins are a category of cryptocurrency designed to maintain a stable value against a reference asset, such as a fiat currency (e.g. the US dollar) or a commodity (such as gold).
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Ex-CFO sentenced after $35m crypto bet evaporates with Terra's collapse
Former CFO Nevin Shetty was convicted of fraud after surreptitiously transferring $35 million of the company's money to his DeFi platform, losing almost all of it in Terra's collapse in 2022. Here is how the scheme happened and what happens now.
From Stablecoin to Sovereign Wealth Fund: Tether's Gold Turn Abandoning the Dollar
Tether moves like a sovereign wealth fund: it hires traders from HSBC and accumulates billions in physical gold. The strategy, which mirrors the behaviour of central banks, marks a break from dependence on the US dollar.
Outlook on XRP Price as Ripple launches RLUSD pilot project with Mastercard and Gemini
XRP remained around $2.32 while Ripple announced a partnership with Mastercard, WebBank and Gemini to launch an XRP Ledger-based RLUSD stablecoin payment system for credit cards.
Rumble Embraces Bitcoin: Crypto Tips for YouTube Challenge
Rumble is about to launch a Bitcoin tipping feature, supported by Tether, with a full rollout planned by December. This initiative positions the platform as a pioneer in blockchain-based monetisation for its base of 51 million active users.
Argentina Embraces Cryptocurrencies: 'Third Currency' As Escape Route From Hyperinflation
Argentina's economic crisis highlights the failure of fiat currency and the growing adoption of stablecoin for salaries and savings. Web3 offers a vital escape valve against chronic instability.
Binance Intervenes After Collapse: 400 Million in Aid for Crypto Community
After the 'Black Friday' of cryptocurrencies, Binance announced a $400 million plan: $300 million in vouchers to reimburse traders with losses of more than 30% and $100 million in institutional loans.
Abracadabra Hit by Third Exploit in Two Years, Losing $1.7M
The DeFi Abracadabra protocol was hit by its third major exploit since the beginning of 2024, with attackers draining around $1.7 million by circumventing a smart contract credit check.
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