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August 15, 2022 Comments are Disabled

How to create a debit card using stolen ID details Tim Yunusov, our intrepid hacking correspondent, shows how easy it is to circumvent technology firms’ ID checks–and to spend money […]

Stablecoins come unstuck again

June 13, 2022 Comments are Disabled

The cryptocurrency market turmoil unleashed by the collapse of lending platform Celsius Network is putting dollar stablecoins under renewed pressure. Earlier today Celsius announced that it was pausing all withdrawals, […]

Celsius network collapses

June 13, 2022 Comments are Disabled

Cryptocurrency prices plummeted Monday after Celsius Network, a leading token lending platform, said it was suspending all withdrawals. In a memo published on the Celsius Network blog, the platform said […]

Blockchain carries seeds of own destruction

June 7, 2022 Comments are Disabled

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 […]

Justin Sun goes where Terra/LUNA failed

May 28, 2022 Comments are Disabled

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 […]

Tether’s accountant waves red flag

May 21, 2022 Comments are Disabled

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 […]

Stablecoins give regulators a headache

May 19, 2022 Comments are Disabled

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, […]

Tether tremors sink crypto

May 12, 2022 Comments are Disabled

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 […]

Third-largest stablecoin loses its dollar peg

May 9, 2022 Comments are Disabled

Terra, the third-largest stablecoin by market size, is trading at a discount to its dollar peg after heavy investor selling that threatens broader contagion effects. With a market capitalisation of […]

US legislators want Treasury, not Fed to run digital dollar

March 28, 2022 Comments are Disabled

A group of US legislators wants the US Treasury to introduce a fully anonymous digital dollar, countering plans for the central bank to take the responsibility of digitising the national […]

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Stablecoins come unstuck again

Celsius network collapses

Blockchain carries seeds of own destruction

Justin Sun goes where Terra/LUNA failed

Tether’s accountant waves red flag

Stablecoins give regulators a headache

Tether tremors sink crypto

Third-largest stablecoin loses its dollar peg

US legislators want Treasury, not Fed to run digital dollar

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