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Tag: Dollar Peg

TrueUSD Announces Having No Exposure To Struggling Prime Trust

4 hours ago | 2 mins read Altcoin News Prime Trust allegedly froze...

🔴 Surprising News for Bitcoin | This Week in Crypto – Jun 19, 2023

Tether reveals controversial reserve holdings, Jack Dorsey offers $5 million for Bitcoin developers, and will the US finally get a Spot Bitcoin ETF? These...

Gary Gensler’s job at risk, BlackRock’s first spot Bitcoin ETF and other news: Hodler’s Digest, June 11-17

Top Stories This Week US lawmakers file ‘SEC Stabilization Act’ to fire Gary Gensler United States Representative Warren Davidson has introduced the “SEC Stabilization...

TrueUSD stops minting via Prime Trust, loses dollar peg

Stablecoin TruedUSD (TUSD) slightly lost its dollar peg in the early hours of June 10, following a pause in minting activities through its technology...

TUSD Depegs Amid Heavy Borrowing on DeFi Protocols: Kaiko Research

A number of borrowers were seen short selling TUSD on lending protocols after the stablecoin traded above its U.S. dollar peg across exchanges....

Seoul Prosecutors Believe Terra Co-Founder Do Kwon Still in Possession of $100 Million Held in Swiss Bank Account

In the wake of the recent legal action against ten associates of Terraform Labs, which included the co-founder Shin Hyun-seong, known to many...

Terra’s LUNA Token Is Shockingly Classified As A Non-Security By A South Korean Court

Advertisement &nbsp &nbsp While the U.S. Securities and Exchange Commission (SEC) considers LUNA, the native token of the Terra ecosystem, a security, a court...

Crypto Bank Signature Is Latest Financial Closure

Another major bank has closed. This time, the victim is crypto institution Signature Bank, which is the last major digital currency bank in the...

Cryptocurrency Regulatory and Legislative Analysis #8

Cryptocurrency Regulatory and Legislative Analysis #8 April 4, 2023 Wes Regulatory and Legislative Analysis – GLOBAL The FATF released a report to prevent and address ransomware attacks On...

Swing and a Miss: Terra Logos Still Adorn Washington Nationals Ballpark

Opening Day marked fresh beginnings for Major League Baseball teams and fans, but ghosts of crypto’s past are still haunting at least one ballpark.As...

U.S. and South Korea vying for Do Kwon trial; extradition destination uncertain

Ad The U.S. and South Korea both aim to prosecute Terra founder Do Kwon, making his next destination unclear, according to a report from...

Circle sees Asia becoming center of USDC liquidity

Circle, the company behind the USD Coin (USDC) stablecoin, is expanding its operations in Asia with the view that, over time, Asia and emerging...

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