Tether selects Arbitrum to power crosschain stablecoin
Valued at more than $141 billion, Tether’s USDt is the world’s largest stablecoin by market capitalization and usage.
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Cardano stablecoin project gambled away investors’ money before rug: Report
In 2021, Ardana Labs claimed it would provide an innovative stablecoin platform for the Cardano network. The new project, called “Ardana,” would allow investors to lock up crypto collateral and mint fiat-pegged stablecoins, including a U.S. dollar-based token called dUSD. It raised $10 million from investors that year, but it suddenly closed up shop in

TON Devs Worldwide Join Forces to Intervene in SEC Case Against Telegram
A group of international Telegram Open Network (TON) contributors have submitted a court document criticizing United States regulators’ line of attack against the project. The group has formed a non-profit association, “The TON Community Foundation,” and collectively submitted the brief on Feb. 14 in the form of an amicus curiae.An amicus curiae is a brief that…

Warner Music Group partners with OpenSea: Nifty Newsletter, Sept 28–Oct 4
In this week’s newsletter, read about how Warner Music Group partnered with OpenSea to give artists a way to engage with their audiences. Find out how Tennis legend Maria Sharapova is exploring her growing interest in nonfungible tokens (NFTs) and check out how blockchain game Illuvium is trying to create an interoperable game. In other…

Chinese Government to Use Blockchain for Tracking Charity Donations by 2019
China plans to implement blockchain as part of an overhaul of its charity tracking system, the country’s Ministry of Civil Affairs (MCA) revealed in its action plan Monday, September 10.As part of the latest initiative involving the use of blockchain tech at a state level, the MCA’s four-year plan through 2022 pledges to “explore the…

The digital euro: Something Europe can’t afford to get wrong
Europe knows it will have to embrace a digital euro soon. To become a global digital leader and avoid dependence on American and Asian technological infrastructures, European policymakers and regulators have to make progressive decisions.A critical stumbling block for Europe’s digital economic thinking is so-called stablecoins. Stablecoins can be privately issued and have the potential…

BlockFi files for bankruptcy, as many expected, cites FTX collapse for its troubles
The crypto lender was previously "rescued" by FTX following the LUNA stablecoin collapse. 1284 Total views 5 Total shares BlockFi announced on Nov. 28 that it has filed for Chapter 11 bankruptcy. The filing in the United States Bankruptcy Court for the District of New Jersey pertains to the company and its eight subsidiaries. The…

CFTC probes Super Bowl wagers offered by Crypto.com, Kalshi: Report
The US commodities regulator is reportedly investigating Super Bowl markets offered by Crypto.com and Kalshi, asking them how they comply with derivatives rules.

Judge denies ex-Celsius CEO’s bid to dismiss fraud, manipulation charges
A federal judge ruled that Alex Mashinsky’s legal team’s arguments to dismiss two of his seven criminal charges were “either moot or without merit.” 120 Total views 6 Total shares Lawyers representing Alex Mashinsky, the former CEO of the crypto platform Celsius facing a criminal indictment in the United States, have lost a motion to