Four men indicted in $80 million ‘pig butchering’ scheme

[ad_1] Las Vegas Review-journal | Tribune News Service | Getty Images Federal prosecutors have disrupted a so-called pig-butchering scheme that cost victims more than $80 million, the U.S. Department of…

$115 million stolen from two crypto firms linked to Justin Sun after hack

[ad_1] The logo of HTX, formerly known as Huobi, is seen on the screen of a mobile device in this photo. Nurphoto | Nurphoto | Getty Images Two cryptocurrency platforms…

Singapore among world’s first to agree to stablecoin crypto regulation

[ad_1] Stablecoin Tether and Circle’s USDC dominate the market. Justin Tallis | Afp | Getty Images Singapore’s financial regulator on Tuesday said it had finalized rules for a type of…

PayPal is trying to drag its 435 million users into the $120 billion stablecoin market — here’s why

[ad_1] PayPal on Monday became the first major U.S. fintech company to offer its own crypto token with a dollar-pegged stablecoin known as PayPal USD, making big promises of how…

Bitcoin drops below $25,000, Tether’s stablecoin falls under its dollar peg

[ad_1] Standard Chartered predicts that bitcoin could fall to $5,000 in 2023 as part of their research on potential market surprises next year. Nurphoto | Getty Images Cryptocurrency prices fell…

Stablecoin giant Tether to mine bitcoin in Uruguay using renewable energy

[ad_1] Paolo Ardoino, Tether’s chief technology officer, said the company estimates that the excess reserve will increase by $700 million in the current quarter, which is not yet over. Justin…

That simple ‘hi’ text from a stranger could be the start of a scam that ends up costing you millions

[ad_1] Halfpoint | Istock | Getty Images The road to Kaimi’s ruin started in December, with an Instagram message about a Japanese monkey from a handsome stranger who called himself…

Crypto firm Tether says it has around $1.6 billion in excess reserves to back its USDT stablecoin

[ad_1] Paolo Ardoino, Tether’s chief technology officer, said the company estimates that the excess reserve will increase by $700 million in the current quarter, which is not yet over. Justin…

Stablecoin USDC nearly regains $1 peg after Circle says $3.3 billion held with SVB will be available

[ad_1] In this photo illustration, a woman holds a smartphone with the USD Coin (USDC) logo displayed on the screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images…

The SEC has a stablecoin firm in its sights — and it could shake up the whole $137 billion market

[ad_1] Paxos has been ordered by New York regulators to stop issuing the Binance USD (BUSD) stablecoin. Jakub Porzycki | Nurphoto | Getty Images The U.S. Securities and Exchange Commission…