BUSD Stablecoin Temporarily Plunges to 20 Cents on Binance
The stablecoin – which currently finds itself in the middle of a regulatory tussle – immediately regained its $1 peg.
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Feb 22, 2023 at 2:18 p.m. UTC
Feb 22, 2023
Stablecoin
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SEC’s Shadow Crypto Rule Taking Shape as Enforcement Cases Mount
The U.S. securities regulator has now issued dozens of actions outlining how it defines a crypto security and which firms should be exchanges, but the industry is in a holding...
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Feb 21, 2023 at 4:53 p.m. UTC
Feb 21, 2023
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How Hong Kong Is Gearing Up to Regulate Stablecoins
Requiring foreign entities that have already issued stablecoins to set up a Hong Kong entity might create complications.
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Feb 21, 2023 at 7:23 a.m. UTC
Feb 21, 2023
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SEC Charges Terraform Labs, Do Kwon With Fraud; Former FTX Exec Reportedly Plans to Plead Guilty
The U.S. Securities and Exchange Commission (SEC) sued Terraform Labs, the company behind the failed TerraUSD stablecoin, and its co-founder, Do Kwon. Separately, Nishad Singh...
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Feb 17, 2023 at 8:43 p.m. UTC
Feb 17, 2023
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Jump Crypto Booked $1.28B in Profits as Terra's Ecosystem Crumbled: Sources
When U.S. regulators sued Do Kwon and Terraform Labs this week for the spectacular implosion of their UST stablecoin and related LUNA token, a huge question was left unanswere...
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Feb 17, 2023 at 6:36 p.m. UTC
Feb 17, 2023
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SEC Sues Terraform Labs, CEO Do Kwon For Defrauding Investors
On Thursday, the U.S. Securities and Exchange Commission (SEC) sued Terraform Labs, the firm behind the failed TerraUSD stablecoin, and its co-founder, Do Kwon. The SEC is cha...
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Feb 17, 2023 at 3:53 p.m. UTC
Feb 17, 2023
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Former CFTC Chairman Massad Reacts to SEC Suing Terraform Labs, Do Kwon for Misleading Investors
The U.S. Securities and Exchange Commission (SEC) sued Terraform Labs, the company behind the failed TerraUSD stablecoin, and its co-founder, Do Kwon. Former CFTC Chair and Ha...
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Feb 17, 2023 at 3:45 p.m. UTC
Feb 17, 2023
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USP Stablecoin Loses Dollar Peg as DeFi Protocol Platypus Suffers $8.5M Attack
The flash loan attack caused Platypus Finance’s native stablecoin to fall to 48 cents from $1. The potential loss is $8.5 million, according to blockchain security firm CertiK...
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Feb 16, 2023 at 9:34 p.m. UTC
Feb 16, 2023
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TrueFi’s TRU Token Rallies Over 200% After Binance’s TUSD Mint Sparks Speculation
The rally appears to come from traders mistakenly connecting TRU with TUSD, a stablecoin that had been issued by TrueFi in the past but now no longer is.
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Feb 16, 2023 at 6:03 p.m. UTC
Feb 16, 2023
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BUSD Drama Sets Stage for Stablecoin Market Reshuffling
Binance’s bet on its BUSD stablecoin could backfire into a revamping of who’s winning in crypto’s dollar-pegged token markets.
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Feb 16, 2023 at 2:10 p.m. UTC
Feb 16, 2023