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The Latest Breaking News from TER

Binance stablecoin in peril as U.S. regulators force Paxos to stop issuing BUSD

Binance says that the market cap for BUSD will decrease over time.

Fortune

Dow Jones Futures Rise, Tesla Pops On Bullish Elon Musk As Market Rally Shows This Bullish Trait

Tesla rallied on a bullish Elon Musk, despite mixed results. Chevron set a huge buyback. The market closed strong again.

Investors Business Daily

The week in audio: Joanna & the Maestro; Conversations from a Long Marriage; Real Money; Ken Bruce

Joanna Lumley delights in musical exchanges with her real husband, and turns up the comedy with a fictional spouse; the excellent Aleks Krotoski tells the story of cryptocurrency Tether; and Ken Bruce pulls a shocker

The Guardian - UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Is crypto about to go extinct?

It will likely survive, but only after more firms and currencies crash and burn. Here’s why.

Al Jazeera

The 10 biggest crypto funding rounds of 2022

How much did Crypto Winter freeze venture funding?

Fortune

Is Binance okay? Events this week had the crypto industry on edge

The crypto market jitters about Binance this week were likely overblown—but there are still reasons to be concerned about the health of the world's biggest crypto exchange.

Fortune

Coinbase tells customers to switch to stablecoin it cofounded—without fees

The company implied that the fallout of FTX put “some stablecoins to the test.”

Fortune

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Bankrupt FTX hit by mysterious outflow of about $662 million as crypto industry reels

Sam Bankman-Fried’s bankrupt digital-asset exchange FTX was hit by a mysterious outflow of about $662 million in tokens in the past 24 hours, the latest twist in one of the darkest periods for the crypto industry.

Tribune News Service

What happened to FTX and could the crisis spill over to the rest of crypto?

International exchange for crypto assets is in effect unregulated – and may have been built on sand

The Guardian - UK

Bitcoin City: Is El Salvador's Crypto Dream Crashing Down With The Market

By Tereza Bízková

Benzinga

NY Judge Orders Tether To Produce Documents Proving USDT Backing

Stablecoin issuer Tether must disclose financial documents to verify that it's backed by the U.S. dollar, New York Judge Katherine Polk Failla says. The company is currently in a lawsuit due to allegations that it manipulated the crypto markets.

Benzinga

Crypto Price Check: Celsius Network, Tether Under Scrutiny

Cryptocurrency prices are essentially flat as federal regulators focus on Celsius Network, following last month's bankruptcy filing.

The Street

SEC demands Zipmex clarify bankruptcy filing

The Securities and Exchange Commission (SEC) is demanding answers from executives of Zipmex after the cryptocurrency exchange refused to explain its filing for debt relief in Singapore.

Bangkok Post

Tether’s recovery of an $840mn loan scrutinised in Celsius bankruptcy

Case is a major test of how US insolvency rules will apply in the digital asset sector

Financial Times

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Evening Standard

Dogecoin (DOGE) price predictions: What’s on the horizon?

No token exemplifies the volatility of cryptocurrencies better, perhaps, than Dogecoin (DOGE).

The Independent UK

Interrail passes blocked on French Riviera train line

Ban covers the coastal corridor from Marseille via Toulon, Cannes and Nice to Monaco

Evening Standard

How to buy Tether (USDT)

Tether is the world’s largest ‘stablecoin’ by market capitalisation. In theory, stablecoins offer a less volatile alternative to bitcoin and altcoins because their value is tied to a fiat currency such as the US Dollar.

Evening Standard

What are stablecoins?

Stablecoins such as USD Coin (USDC) and Tether (USDT) were created as a less volatile alternative to bitcoin (BTC)and other cryptocurrencies.

Get all your
news in one place.

100’s of premium titles.
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Benzinga

Crypto Winter - Multiple Blow-ups Leading To A Much Bigger Problem...

During periods of rampant excess in financial markets, we move from valuations based on the present value of future cash flows to valuations based on stories. How compelling is your story? Is it one of future growth and revolutionized economic reform all powered by smart contracts? Sounds pretty neat.

Benzinga

Traders, Major Hedge Funds Short USDT As Uncertainty Around Stablecoins Rise

Numerous cryptocurrency trading hedge funds have opened major short positions on Tether (CRYPTO: USDT).

Investors Business Daily

Why This Bitcoin Crash Is A 'Crypto Ice Age' — Don't Fight The Fed

Bitcoin bear markets aren't unusual. But cryptocurrencies have never faced such an aggressive Federal Reserve. Welcome to the crypto ice age.

Benzinga

Tether To Launch GBPT, A British Pound-Pegged Stablecoin, In Early July

Tether (CRYPTO: USDT) is launching the pound-pegged stablecoin GBPT (CRYPTO: GBPT), following on the heels of its peso-pegged stablecoin.

The Guardian - UK

Tether to launch stablecoin tied to pound as UK aims to become crypto hub

Launch of digital asset to track value of £1 comes despite contraction of cryptocurrency sector

Foreign Policy

It’s Time for Regulators to Put Crypto Down

A lack of rules has created fraudulent, bubble-driven markets.

Benzinga

Crypto Market Anxieties Heighten As Tether Market Cap Drops To $70B

Investors recently sold over $1.6 billion of Tether (CRYPTO: USDT), dropping its market capitalization to $70 billion.

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Ruenvadee Suwanmongkol

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