The stablecoin offers greater transparency than competitors like USDT but that proved of little value as it was depegged during the recent banking crisis, says J.P. Koning.
ArkotNews
Crypto Exchange Zipmex Files for Two-Month Moratorium Extension
The request comes after an investor failed to maintain payments to the exchange.
Happy 48th Birthday, Satoshi Nakamoto
We love you but we don’t miss you.
Crypto’s Decentralized Exchanges Had Most Volume in 10 Months Amid U.S. Crackdown in March
Trading volume on DEXs rose to $133.1 billion in March, the third straight monthly increase, according to DefiLlama.
What’s in the House Financial Services Committee’s Stablecoin Bill?
It would ban a future terraUSD, at least temporarily, and create licensing rules for fiat-backed stablecoin issuers.
Ether Circles Above $1.9K as Shanghai Hard Fork Nears
Liquid staking tokens also rise on Wednesday. Bitcoin holds steady above $28,000.
Solana-Based NFT Collection Okay Bears Partners With (RED) to Fund Global Health Efforts
The PFP project will release (RED)-themed merchandise to raise funds for The Global Fund to Fight AIDS, Tuberculosis and Malaria.
Thanks Sam! How FTX Led to World’s Worst Crypto Policy
Washington’s “war on crypto†continues to occupy minds in the crypto industry. This week, CoinDesk Chief Content Officer Michael Casey tackles the apparent rise in hostility from U.S. regulators from a different angle: revenge.
Asia-Based Digital Asset Firm Hashkey Group Introduces Wealth Management Service
HashKey has also expanded its OTC service by expanding its liquidity coverage and range of tokens in the spot market.
Former FTX US President Reportedly Quit After ‘Protracted Disagreement’ With Bankman-Fried
A new 45-page report detailing accounting failures at the failed crypto exchange says that at one point employees were instructed by an unnamed higher-up to “come up with some numbers? Idk.â€