Saturday, April 20, 2024
Home > Hurts

Tether market cap nears $70B as SEC crypto crackdown hurts stablecoin rivals

The U.S. Securities and Exchange Commission (SEC) wants to sue Paxos for issuing and listing stablecoin Binance USD (BUSD) to the benefit of its top-rival stablecoin Tether (USDT), whose market capitalization has risen to multi-month highs. BUSD market cap drops by $2 billionThe SEC asserts that BUSD, a U.S. dollar-backed stablecoin,

Read More

Michael Saylor assuages investors after market slumps hurts MSTR, BTC

MicroStrategy’s CEO and Bitcoin proponent Michael Saylor is confident his firm’s BTC holdings will more than cover a potential margin call on Bitcoin-backed loans.The American business intelligence and software giant made headlines in 2021 with a number of major investments into Bitcoin. Saylor was a driving force behind MicroStrategy’s decision

Read More

Cardano Founder: Scamming is an Industrywide Problem That Hurts us All

IOHK CEO Charles Hoskinson took the time to address concerns over crypto scam activity that has tainted Cardano’s reputation. In particular, he drew attention to a video showing scammers using Cardano’s logo to pitch to Chinese farmers.According to @boxmining, a group called the “Asian Dragons,” who are known for delivering

Read More