BingX Hack Sees $43 Million in USDT, USDC Stolen
BingX’s head confirmed the incident and stated that the technical team had detected unusual activity leading to the compromise of hot wallets. In the most recent news on cryptocurrency hacks, the BingX exchange suffered a massive theft that resulted in the loss of more than 43 million dollars. This theft has caused investors to lose […]
Tether Recruits Head Of Government Affairs From PayPal
Following a three-year tenure at PayPal, Jesse Spiro will assume the role of director of government affairs at Tether, a stablecoin issuer. In his capacity at Tether , Jesse Spiro expressed his intention to collaborate with legislators and industry leaders to foster the ecosystem’s expansion. Tether Onboards Former Paypal Jesse Spiro Tether announced in a […]
China’s Digital Yuan Crosses $1 Trillion Transactions, Topping USDC & USDT
China’s Digital Yuan has grown rapidly, with transaction volumes exceeding $1 trillion, beating the combined activity of USDC and USDT. China’s Digital Yuan has seen significant growth, with transaction volumes exceeding $1 trillion, surpassing the combined activity of stablecoins like USDC and USDT. This milestone comes after over a decade of development and four years […]
Tether Halts Blockchain Launch Due to Market Concerns
Tether, the issuer of the world’s largest stablecoin, USDT, has stopped its blockchain launch, citing a crowded market and strategic alignment. Paolo Ardoino, the company’s CEO, stated in an interview with Bloomberg News that the stance is derived from an analysis of the blockchain sector and a crowded market. Ardoino suggested that the company’s decision […]
Coinbase to Offer 1:1 Euro To EURC Conversion Under MiCA
Coinbase will introduce a EURC-USDC order book and retire the EURC-EUR and EURC-USD books. On August 28, Coinbase will enable its users to exchange euros for the euro-pegged stablecoin, EURC, at a 1:1 ratio. This is significant because EURC adheres to the European Union’s Markets in Crypto Assets (MiCA) regulations. The integration of this feature […]