Stablecoins

Meta Platforms Inc. (NASDAQ: FB) is winding down its Diem cryptocurrency project and selling its technology to cryptocurrency-focused bank Silvergate Capital Corp. (NYSE: SI) for about $200 million, the Wall Street Journal reported, citing a person familiar with the matter. What Happened: It was...

Twitter Inc. (NYSE: TWTR) co-founder Jack Dorsey has responded to news that Meta Platforms Inc. (NASDAQ: FB) CEO Mark Zuckerberg is exploring a sale of the controversial cryptocurrency project Diem. What Happened: Dorsey tweeted “Carpe Diem” in response to a report by Bloomberg that the...

Terra (CRYPTO: LUNA) touched a fresh all-time high of $83.74 on Monday night. What’s Moving? The token of the project that uses fiat-pegged stablecoins to power global payments traded 2.8% higher over 24 hours at $82.45. LUNA 24-hour volumes rose 43.99% to $3.9 billion. Over a seven-day...

Terra (CRYPTO: LUNA) has risen nearly 14% in the span of the last 30 days, despite major cryptocurrencies showing lackluster performance in the same period. What’s Moving? The token associated with the blockchain protocol, which uses fiat-pegged stablecoins to underpin global payment...

Terra (CRYPTO: LUNA) — a blockchain with smart contract support and its own decentralized finance (DeFi) ecosystem — overtook Dogecoin's (CRYPTO: DOGE) market cap and became the tenth-largest cryptocurrency project. What Happened: Terra's current market cap is...

The administration of President Joe Biden called for the regulation of stablecoins in a recent report. What Happened: The President’s Working Group on Financial Markets admitted that stablecoins could “support faster, more efficient, and more inclusive payments options" but...

On Wednesday, U.S. Senator Cynthia Lummis said that stablecoins should be backed by cash and may need to be issued by banks.  In a Senate floor speech focused on the potential development of a U.S. central bank digital currency (CBDC), Lummis said her concern is that stablecoins are...

Dogecoin (CRYPTO: DOGE) bull Mark Cuban broached the subject of cryptocurrency regulation on Twitter Wednesday. What Happened: Cuban said in a series of tweets that “any discussion of crypto regulation has to start with the facts that there are already laws against fraud and that ‘...

It is important for Coinbase Global Inc (NASDAQ: COIN) to be “aggressive” in its engagement with the U.S. Securities and Exchange Commission, as per “Dallas Mavericks” owner and “Shark Tank” host Mark Cuban. What Happened: Cuban made his observations on...

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Composable Finance, a decentralized finance (DeFi) infrastructure project aiming to improve financial applications on the blockchain, has...

Dogecoin (CRYPTO: DOGE) and other meme coins have been in the spotlight this year as they soared to sky-high levels, but there is a cryptocurrency that wants to take the meme hoopla and raise it to the nth level. Meet Tetherino, a project that takes a dig at stablecoins and in particular Tether (...

In a video examining the “SEC Danger rating” of the top five cryptocurrencies by market cap, attorney Jeremy Hogan said that both Tether and Binance Coin might be the next targets of an SEC lawsuit. What Happened: Hogan, who is a partner at Hogan & Hogan, gained popularity...

According to the official statistics, a whopping 67% of eToro traders fail to make money trading on the platform. Likewise, on the whole, less than 10% of users successfully make a living from cryptocurrency trading — contrary to popular opinion.  While this is largely down to the...

Bitcoin (BTC) has once again regained its upwards momentum and was trading 8.34% higher at $36,679.38 at press time. The second-largest cryptocurrency by market cap Ethereum (ETH) touched its all-time high on Tuesday evening and was trading 12.01% higher at $1,549.12. Various metrics point to...

Bitcoin (BTC) was in the red and traded above the $32K mark at press-time with almost all major altcoins trading lower along with it but a notable exception was Ethereum (ETH). What Happened: The apex cryptocurrency traded 2.92% lower at $32,004.18, while the runners-up in terms of market cap...