tether
-
Whoops: U.S. Feds Fall for Crypto Scam, Hand Fraudster $US55,000 in Stolen Funds
The same federal agency that once helped bring down the biggest crypto-based dark web drug marketplace Silk Road got swindled by one of the oldest tricks in the crypto scammer playbook. The U.S. Drug Enforcement Administration reportedly handed a fraudster a little more than $US55,000 in confiscated crypto funds after it was duped by a…
-
Binance Will Transform Users’ Stablecoins to Its Own Brand of Coin, and They’re Not Asking First
In a few weeks’ time, stablecoin holders on Binance will find their crypto doesn’t carry the same name, or the same price, as it had previously. The exchange effectively told its users it’ll be digging its long, thin fingers into each of their wallets, taking out their old crypto, and replacing it with their own,…
-
Tether and Luna’s Plunge Could Lead to Global Crypto Regulators: Watchdog
On Thursday, the chair of an international financial watchdog said that he expects there will be a global cryptocurrency regulatory body within the next year. In light of recent panicked freefall of multiple “stable” coins, we probably need one.
-
Despite Its Name, Terra’s Stablecoin Value Plummets
In yet another case of stablecoins being less-than-stable, terraUSD (UST) plunged below its $US1 ($1.44) price peg for the first time since its inception. Bloomberg spotted the coin slipping to about 99 cents ($1.37) over the weekend, before plunging to roughly 60 cents ($0.83) on Monday night. As of this writing, Coindesk reports that the…