Stablecoin – Page 72 – Miami Crypto Coin

Hong Kong believes stablecoin volatility can spillover to traditional finance

Post author:MiamiCrypto
Post published:November 22, 2022
Post category:Central Bank Fiat Money Hong Kong Stablecoin volatility

According to Hong Kong’s central bank, the interconnection of crypto assets has made the crypto ecosystem more vulnerable to systematic shocks.

Cardano to launch new algorithmic stablecoin in 2023

Post author:MiamiCrypto
Post published:November 21, 2022
Post category:Cryptocurrencies Decentralization Fintech Proof-of-Stake Stablecoin

'Djed' is set to go live in Jan. 2023, after a successful audit and a series of rigorous stress tests

Binance, OKX and Bybit suspend USDT and USDC deposits on Solana

Post author:MiamiCrypto
Post published:November 17, 2022
Post category:Binance Cryptocurrencies ftx FTX Token Solana Stablecoin Tether USD Coin

The Solana cryptocurrency continues crashing amid the FTX crisis, plummeting 7% on the news of exchanges halting deposits in Solana-based stablecoins.

Nigerian Web3 Startup Says Funds Are Stuck With FTX, Lays Off Employees

Post author:MiamiCrypto
Post published:November 17, 2022
Post category:Africa Alameda Research crypto exchange crypto-custody Decentralized ftx Nestcoin Stablecoin Web3 Yele Bademosi

Nestcoin, a Nigerian Web3 startup which got an investment from Alameda Research in 2021, revealed on Nov. 14 that it had “a significant proportion of stablecoin investment” stuck at FTX.…

Tether says it has no exposure to Genesis Global or Gemini Earn

Post author:MiamiCrypto
Post published:November 16, 2022
Post category:Stablecoin

The stablecoin operator said the reliability of its reserves is important to highlight “at a time like this.” Tether has historically had issues with transparency.

Terra Labs, Luna Guard commission audit to defend against allegations of misusing funds

Post author:MiamiCrypto
Post published:November 16, 2022
Post category:Fraud Stablecoin

The audit tracked efforts to defend the UST peg May 8-12 and no found wrongdoing. LFG used the data to draw conclusions about frozen funds.

Huobi Becomes Latest Crypto Exchange to Disclose Proof-of-Reserves

Post author:MiamiCrypto
Post published:November 15, 2022
Post category:Binance BTC crypto exchange Exchanges FTX Bankruptcy kucoin Merkle tree Proof of Reserves proof of reserves audit Stablecoin USDT

Huobi, the Seychelles-based crypto exchange, recently became the latest digital asset exchange platform to reveal the number as well as the value of its digital assets held in reserves. Huobi…

Tether CTO confirms no plans to rescue FTX

Post author:MiamiCrypto
Post published:November 11, 2022
Post category:Cash Injection ftx Funding Kraken Liquidity Sam Bankman-Fried SBF Stablecoin Tether

FTX won’t be getting a bailout from Tether who confirmed it isn’t planning to provide a cash injection despite the CEO reportedly reaching out to multiple firms for help.