Category: USDTUSDC

Stablecoin News: After Tether, Circle’s $5 Billion USDC Issuance Comes Under scrutiny

Tether’s $1 Billion USDT print this week raised many eyebrows amid US federal agencies’ plan to tighten their scrutiny around stablecoin issuers. The major concern for authorities lies with the issuance backings that have been found misleading in the past. After Tether, now Circle’s latest $5 billion USDC has come under scrutiny. Circle has issued […]

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Tether FUD: The Mystery Behind $1 Billion USDT Print, Will Bitcoin (BTC) Price Pump?

The crypto market is going through another bearish phase this month as the top cryptocurrencies lost majority of their gains from October. Bitcoin (BTC) has failed to hold key support of $55,000 and currently trading at $54,777. Amid growing pressure from the bears, Tether’s latest issuance has created another market FUD. Tether is often accused […]

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US Federal Agencies Demand Stablecoin Oversight Powers; Here’s Why

The US Federal agencies have demanded more power to crack down on the stablecoin market as they believe it could potentially destabilize the current financial system. The President’s Working Group along with major financial regulators published a new report on Stablecoins urged Congress to regulate stablecoin issuers similar to banks. The official report read, “The […]

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Jack Dorsey’s Bitcoin DEX Project TBD Releases White Paper, Here’s Everything You Should Know

Jack Dorsey, the CEO of Twitter and founder of  Square is a well-known Bitcoin proponent, and his decentralized Bitcoin exchange project called TBD has started to materialize. Dorsey announced his Bitcoin-based Defi plans a couple of months ago, and earlier today the official account of TBD shared a white paper marketing the beginning of the […]

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India to Reportedly Permit Use of Cryptocurrencies as an Asset

India is reportedly working on finalizing the crypto regulations after years of wait and brainstorming. A report from Economic Times suggests that the Indian government would reportedly regulate cryptocurrencies as an asset class such as Gold and Bonds. While this might seem like great progress for a country that was planning to impose a blanket […]

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El Salvador President Claims the County Has More Bitcoin Wallets Than Bank Accounts

El Salvador continues to make history with its Bitcoin after formally adopting BTC as legal tender in September this year. Nayib Bukele, the President of the country and one of the key architects behind El Salvador’s historic decision revealed that the number of people using Bitcoin wallets in the country has exceeded the number of […]

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Pro-Bitcoin NYC Mayor Candidate Wins Election, Here’s How It Could Make NYC a Crypto Hub

New York City (NYC) Mayor candidate Eric Adams won the election to become the 110th Mayor of the iconic city. The highlight of his campaign was his promise to bring back the lost glory to the city due to the pandemic and more importantly make NYC a crypto hub. Adams, the 61-year-old Democratic Brooklyn borough […]

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Facebook is Planning a Rebranding of its Name, Here’s the Crypto Connection

Facebook, the world’s largest social media platfrom is reportedly looking for a rebranding of its name in the coming week, as per a report published in The Verge. The Verge report cited an insider with direct knowledge of the matter. The report indicates that Mark Zukerberg is focused on rebranding Facebook to project it more […]

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Breaking: Hindenburg Research launches $1 million Tether Bounty Program

Hindenburg Research, a forensic financial research firm announced the launch of the Hindenburg Tether Bounty Program to unveil the Tether reserves scandal. The Program holds rewards up to $1 million for information leading to previously undisclosed details about cryptocurrency “stablecoin” Tether’s backing. According to Hindenburg Research’s press release, the company believes Tether could be a […]

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Breaking: Zimbabwe Finance Minister Says Impossible to Ignore Cryptocurrencies

The cryptocurrency market has gone mainstream in 2021 attracting attention from not just institutional firms and billionaires but also from countries. First El Salvador created history by making Bitcoin a legal tender in the country which triggered a Domino effect leading to the likes of Paraguay, Argentina, and Panama also looking to legalize crypto use […]

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