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 […]
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 […]
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 […]
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 […]