Stablecoins

Block's subsidiary TBD rolled out a new open-source toolset for its Web5 initiative, aiming to streamline the process for developers to craft decentralized web applications. The suite includes technologies such as decentralized identifiers (DIDs) akin to email IDs or usernames;...

The stablecoin issuer Tether (CRYPTO: USDT) has recorded a net profit of $1.48 billion for the first three months of the year, which is double the figure for the same period last year. Tether's most recent attestation, which was released on Wednesday and validated by the accounting firm BDO...

In a significant development, Binance, one of the world's leading cryptocurrency exchanges, announced it is ceasing operations in Canada. The decision came in response to recently issued regulatory guidelines concerning stablecoins and investor limits. Binance indicated that these...

The Securities Commission of the Bahamas announced plans to strengthen its cryptocurrency laws in response to the collapse of cryptocurrency exchange FTX (CRYPTO: FTT), which had its headquarters in the Caribbean nation. The new bill will introduce measures on stablecoins, proof-of-work mining...

Five months after the collapse of crypto exchange giant FTX drew the world's attention to the Bahamas, the island nation is proposing tougher regulations to govern digital asset firms.  The Securities Commission of the Bahamas, the country's financial regulator, opened a consultation...

House Republicans are proposing new draft legislation that would limit the Securities and Exchange Commission's (SEC) jurisdiction over payment stablecoins. The proposed bill shifts the oversight of stablecoins to federal and state bank and credit union regulators, The Block reported. The move...

I found myself in Argentina this April for the first time in over 10 years, stepping into a mess that felt very familiar — high inflation, capital controls and nearly worthless cash that was weirdly hard to find. The country has all the right ingredients to become the crypto paradise that...

A recent report from Coinbase (NASDAQ: COIN) highlights Bitcoin's (Crypto: BTC) performance among digital assets since mid-February, with its dominance in total crypto market capitalization growing to 47.7% in March. This exceptional performance was especially noticeable at the beginning of the...

Despite Bitcoin's (CRYPTO: BTC) recent price recovery — crossing the 29,000 mark earlier this week — the cryptocurrency market is still facing challenges. One major issue is the low liquidity risk that was exposed due to the closure of Silvergate's (NYSE: SI) SEN...

The U.K. Treasury abandoned plans to launch a non-fungible token (NFT) as part of a broader effort to establish the country as a leading hub for cryptocurrency innovation, according to a report. The initiative, which was proposed by then-Chancellor of the Exchequer and current Prime Minister Rishi...

Hong Kong is taking measures to position itself as a hub for virtual assets, as the city's regulators plan to hold a round-table discussion between cryptocurrency firms and bankers on April 28. What Happened: The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC...

The ongoing banking crisis has caused liquidity in Bitcoin (CRYPTO: BTC) to hit a 10-month low, even lower than the aftermath of FTX, a new report has revealed. Cryptocurrency data provider Kaiko highlighted the critical role of market depth, spreads, slippage and volumes in measuring...

Telegram users can now send each other Tether (CRYPTO: USDT), the world's largest stablecoin by market cap, within chats in the messaging app. What Happened: This service has been added to @wallet bot on Telegram, which expanded the app's capacity for buying and selling crypto, according to...

Bitcoin (CRYPTO: BTC) surged to $26,000 on Tuesday, reaching its highest value since June 2022, amid a growing sense of optimism that the digital asset sector will weather the recent turmoil in the U.S. financial system.  The largest cryptocurrency has gained for the fourth consecutive day,...

With the crypto market seeing a rise in fraudulent schemes that promise guaranteed earnings and then fail to deliver, investors would do well to watch out for the signs of a scam project before investing their money. To protect themselves from these scams, investors need to...