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MoneyGram wants to use stablecoin USDC to 'build a bridge to crypto' for money transfers — even after the Terra meltdown

Meanwhile, MoneyGram wants to get involved in bitcoin transfers to El Salvador, CEO Alex Holmes tol…

Zahra Tayeb   


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Stablecoin tether breaks its peg and drops to $0.95 as panic hits crypto markets after collapse of TerraUSD

Tether — which is supposed to be worth $1 — suffered its biggest drop in over a year as it dropped …

Harry Robertson   


George Glover   


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Bitcoin could soar 266% to $250,000 next year if ETF inflows stay strong, Standard Chartered says

Bitcoin could hit $250,000 next year before settling back to a range near $200,000, Standard Charte…

Filip De Mott   


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Coinbase removes promise from website that each US dollar coin is backed by an actual dollar

Assets backing up the USD Coin include commercial paper and corporate bonds, according to a July di…

Matthew Fox   


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3 mins read

Tether was once the stablecoin king. Now its dominance is threatened by newcomers and legal uncertainty.

Even as tether's legal troubles ramp up, the stablecoin has in some ways already become less releva…

Ethan Wu   


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3 mins read

Luna and Terra's stablecoin UST are both crashing: Here's a guide to tether, USD Coin, terra and other reserve-backed cryptocurrencies

Terra's algorithmic stablecoin UST appears to have entered a death spiral. Here's a guide to the la…

Business Insider   


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USD Coin: Calming market anxiety

From crypto to Stablecoins like USDC - what makes it stable and how does it stack up against other …

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1 min read

Dogecoin spikes after Elon Musk says he'll keep buying the cryptocurrency

The coin, heavily championed by the Tesla founder, has lost two-thirds of its value since the start…

Ryan Hogg   


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1 min read

Binance pauses customer deposits of stablecoins Tether and USD Coin without explanation

Crypto markets have entered a new period of volatility amid the collapse of FTX, the world's second…

Brian Evans   


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1 min read

SEC chief Gary Gensler says crypto exchanges are 'market making against their customers'

The SEC chief warned the lack of separations between services like custody, market-making, and prov…

Brian Evans   


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1 min read

Terra revives failed luna cryptocurrency after its major meltdown but it falls sharply after launch

The new token "luna" (LUNA), which serves as the main staking asset of the Terra blockchain, droppe…

Zahra Tayeb   


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1 min read

Binance adds to stablecoin mystery by resuming Tether deposits while keeping out USD Coin

Binance resumed deposits of Tether on Friday, a day after an unexplained pause, while USD Coin rema…

Brian Evans   


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2 mins read

Crypto is not a viable long-term form of private money and stablecoins are equivalent to poker chips at the casino, SEC chief says

"I don't think there's a long-term viability for 5,000 or 6,000 private forms of money," SEC chief …

Carla Mozée   


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Bullish sentiment toward crypto assets increases with 8 of 10 people seeing bitcoin bounce above $56,000 by year's end, says Voyager Digital

Cryptocurrency-asset broker Voyager said 85% of respondents to its sentiment survey believe bitcoin…

Carla Mozée