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 $CEL was trading at […]
Take any story in the daily business news and there’s likely to be a securities finance angle to it, says Roy Zimmerhansl, my guest in the latest episode of the […]
The language used by Tether’s accountant in the latest quarterly attestation report suggests it’s worried about the future existence of the stablecoin. Tether has since undergone a sharp contraction since […]
The operators of the collapsed Terra stablecoin ($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 […]
Attempts to recapitalise the third-largest dollar stablecoin failed dramatically last night, sending Terra (UST) and its sister token Luna into a death spiral. After Terra lost its dollar peg on […]
Terra’s $1 per token market value was supposed to be kept in place by an algorithm. But the stablecoin’s sudden failure has led to a bailout attempt involving the world’s […]
According to UK prime minister Boris Johnson, Britain and its Western allies will increase the economic pressure on Russia by examining whether more can be done to prevent President Vladimir […]
A recent surge of interest has seen the assets of gold stablecoins pass $1bn in value. But business and disclosure standards in the sector are uneven and patchy. A stablecoin […]
On 28 February the US, EU and UK froze most of the Russian central bank’s $630bn foreign currency reserves, responding to the country’s invasion of Ukraine. In the words of […]
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