Tether says it would not freeze sanctioned Tornado Cash addresses unless instructed by law enforcement
"In our dealings with law enforcement we are sometimes specifically instructed not to freeze addresses as this could alert suspects," says Tether.
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Morgan Stanley Analyst Says Crypto Economy’s Liquidity Improved, but There’s ‘No Huge Demand to Re-Leverage’
An analyst at the New York-based financial services and investment management company Morgan Stanley detailed on Monday that crypto liquidity seems to be recovering. Morgan Stanley’s Sheena Shah highlighted in…
Hodlnaut Court Filings Highlight a $193 Million Shortfall, Whistleblower Condemns Crypto Lender’s Contradictory Statements
The troubled crypto lender Hodlnaut shared another update after the company froze withdrawals on August 8, and then revealed the company is seeking judicial management in order to rehabilitate the…
United Texas CEO wants to ‘limit the issuance of US dollar-backed stablecoins to banks’
Scott Beck, the CEO of United Texas Bank, claimed that stablecoin issuers like Circle were “effectively sucking deposits out of the banking industry.”
Huobi Breaks Down the HUSD Depeg Timeline
The Seychelles-based cryptocurrency exchange Huobi has provided a timeline explaining its actions during HUSD’s de-pegging event on Thursday. The exchange confirmed that the problem began with the stablecoin’s issuer. According…
Kaiko Report Shows Latam Harnessing Crypto Mostly for ‘Real World’ Use Cases
The latest data debrief issued by Kaiko, a provider of digital assets market data, has found that while there is retail movement in Latam regarding crypto assets, most liquidity is…
Another Stablecoin Fluctuates Wildly as HUSD Slips Below USD Peg to $0.82 per Token
The stablecoin HUSD, originally associated with the crypto exchange Huobi Global, lost its peg with the U.S. dollar on Wednesday, August 17, and it dropped even lower in value the…
Acala Has Recovered Almost 3B aUSD
Acala has recovered almost 3 billion aUSD following its second trace of addresses affected by a recent attack. Acala Recovers 3 Billion aUSD Acala has recovered another batch of affected...
Acala Community Debating Massive Token Burn to Recover From Exploit
The Acala community has proposed burning tokens to help its stablecoin recover dollar parity following this weekend’s attack. Acala Could Execute Coin Burn Acala could carry out a coin burn...
All That Glitters is Not Gold: UN Agency Slams Crypto Adoption
The United Nations Conference on Trade and Development (UNCTAD) believes the impact of cryptocurrencies should be limited in developing nations. According to the agency, digital assets are unstable financial products…
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