USDT issuer Tether has up to $1.7B in excess reserves, CTO says
Cryptocurrency firm Tether, which issues the stablecoin USDT (USDT), expects to make a $700 million profit in the first quarter of 2023, matching the profits of the last quarter of…
Greenpeace war on Bitcoin unintentionally spawns ‘badass’ new mascot
Environmental group Greenpeace’s latest salvo against Bitcoin (BTC) has seen the commissioning of an artwork aimed at highlighting its climate impact. Instead, the art piece has been widely praised by…
Cathie Wood’s ARK loading up on Coinbase shares again, buying $18M
Cathie Wood’s Investment Management firm Ark Invest has gone back to buying Coinbase shares again, just a day after the COIN’s stock price dipped amid news of its Wells notice. …
‘Surgical removal’ of crypto will only weaken USD dominance, commentators say
The United States’ crackdown on cryptocurrencies and firms will only serve to stifle crypto-related innovation and “weaken” the country, said industry pundits in the wake of Coinbase’s recent Wells notice.…
Do Kwon faces fraud charges from US prosecutors hours after arrest
Terraform Labs CEO Do Kwon has been charged with fraud by United States prosecutors in New York, just hours after he was reportedly arrested in Montenegro. In a court filing…
Asia Express – Cointelegraph Magazine
Our weekly roundup of news from East Asia curates the industry’s most important developments. Chinese crypto billionaire sued by SEC On Mar. 22, the U.S. Securities and Exchange Commission, or SEC,…
The world could be facing a dark future thanks to CBDCs
During the financial crisis of 2007–2008, many people lost trust in traditional financial institutions and turned to alternative forms of currency, such as cryptocurrencies. It was a way for people…
Sygnum sees increased crypto firm inquiries after US banking giants collapse
Zurich-based digital asset bank Sygnum is seeing an influx in inquiries from international crypto firms looking for new banking partners following the recent collapses of crypto-friendly banking giants in the…
Hindenburg Research reports Block short position, claiming fraud facilitation and inflated metrics
A report following a two-year investigation from Hindenburg Research claimed digital payments company Block had “systematically taken advantage of the demographics it claims to be helping,” alleging the firm inflated…
Investors have more work to do in ensuring the success of Web3: PBW2023
A group of professionals in Web3 took to the Master stage at Paris Blockchain Week 2023 to discuss how Web3 is changing the game for startups and investors. This new…