Europe’s stablecoin market is moving into its next, stricter phase as major exchanges continue reshaping USDT access for users in the European Economic Area under the EU’s Markets in Crypto-Assets framework. TL;DR Binance, Coinbase, Kraken and other platforms have adjusted stablecoin access for EEA users under MiCA. The shift has hit Tether’s USDT hardest because…
The Bitcoin price has suffered a significant crash, falling from above the psychological $70,000 this week. Crypto pundit Nobler cited why the leading crypto was crashing, while analyst Chiefy revealed what to expect next from BTC. Why The Bitcoin Price Is Crashing In an X post, Nobler revealed that the USDT issuer Tether was liquidating…
On-chain detective ZachXBT has shared details of the massive crypto Ponzi scheme that took over $150 million from unsuspecting victims before collapsing last week. Related Reading The Mechanics Behind The $150M Crypto Ponzi In a series of X posts, ZachXBT unveiled the details of a Ponzi scheme that had been operating under the DSJ Exchange…
They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits…
A dollar-linked stablecoin built to meet Islamic finance standards is now operating on a new blockchain network anchored in the Middle East, adding a second digital currency to a settlement platform backed by some of Abu Dhabi’s biggest financial names. Related Reading Backed By Gulf Currencies, Not Just The Dollar PUSD, issued by Palm Azgar…
Solana-based decentralized exchange (DEX) Drift Protocol has shared the highly anticipated user recovery plan alongside Tether and other collaborators. This move follows the major exploit that drained $285 million from the project’s vaults two weeks ago. Related Reading Drift Protocol Secures $150M Recovery Fund On Thursday, Drift Protocol, the largest decentralized perpetual futures exchange on…
Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this…
ZRO, the native token of the omnichain interpretability protocol LayerZero, has skyrocketed more than 40% on the past day following the announcement of its new Layer-1 (L1) blockchain backed by major institutional players. Related Reading LayerZero Unveils Zero Blockchain On Tuesday, LayerZero Labs announced a new L1 blockchain, Zero, aimed at institutional financial markets. According…
They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits…
Tether—the crypto behemoth best known for issuing USDT, the world’s most widely used stablecoin—has quietly transformed itself into a major force in the physical gold market. Under CEO Paolo Ardoino’s leadership, the company has built a gold reserve now estimated at roughly 140 tonnes, worth around $23–$24 billion, stored in a highly secure facility in…