The technology behind the last decade’s cryptocurrency boom—blockchain—carries the seeds of its own destruction, say economists at the Bank for International Settlements (BIS). In a new bulletin, BIS economists Frederic […]
The US Commodity Futures Trading Commission (CFTC) yesterday sued the Gemini cryptocurrency exchange for making false and misleading statements in relation to a bitcoin futures contract launched in December 2017. […]
Several exchanges have halted withdrawals of the Solana cryptocurrency after a software problem caused developers to halt its network for several hours yesterday. Binance, Coinbase, FTX and Crypto.com reported (or […]
It’s hard to stamp out a bad idea in cryptocurrency. Shortly before the Terra (UST) stablecoin collapsed earlier this month, destroying most of the $50bn once invested in it and […]
Cryptocurrency lender and deposit-taker Celsius Network is under increasing pressure after this month’s rout in stablecoins. As at 06.00 GMT on 27 May, Celsius’s native token $CEL was trading at […]
Take any story in the daily business news and there’s likely to be a securities finance angle to it, says Roy Zimmerhansl, my guest in the latest episode of the […]
The language used by Tether’s accountant in the latest quarterly attestation report suggests it’s worried about the future existence of the stablecoin. Tether has since undergone a sharp contraction since […]
Better-regulated digital money tokens are the real threat to the financial system. Last week’s Terra ($UST) collapse was hardly surprising: backed by little but hot air and an online cult, […]
The operators of the collapsed Terra stablecoin ($UST) last week allowed selected holders of the dollar token to cash out at close to 100 cents in the dollar, using cryptocurrency […]
Contagion from the stablecoin collapse that started on Monday with Terra is now affecting the largest dollar token, Tether, hitting the broader cryptocurrency markets. At 07.00 UTC on Thursday 12 […]