JPMorgan Warns of Tether’s Dominance and Regulatory Risks to Crypto
JPMorgan’s report suggests that stablecoin issuers adhering closely to existing regulations stand to benefit from impending regulatory scrutiny.
This news section spotlights emerging altcoins, project updates, tokenomics changes and ecosystem developments driving innovation in DeFi, Web3 and digital assets. Keep track of the next wave of digital currencies before they make headlines—and gain insights that matter in the altcoin sector.
JPMorgan’s report suggests that stablecoin issuers adhering closely to existing regulations stand to benefit from impending regulatory scrutiny.
The US government is finally resolving the FTX hack as it files charge against three people involve in the phone swap hack.
After launching a digital assets custody platform for crypto last year, DZ has announced a new crypto project, this time for individual investors. It is due to be rolled out later this year.
Celsius said it will initiate a controlled wind-down of operations by February 28, 2024. The crypto lender will discontinue its mobile and web applications.
Although the road ahead appears difficult for FTX customers seeking reimbursement, the exchange assures them that asset liquidation will eventually make them whole.
Tether reported an excess equity of $5.4 billion and cash equivalent cover of 90% of all issued tokens during the fourth quarter of 2023.
SOL price has started moving upwards after hitting a low point on January 23rd at around $79. It then rallied to $104, but it is currently experiencing some declines.
Buterin shared insights into his evolving thought process, explaining that his focus has shifted away from crypto-focused economics.
Meanwhile, the decline in TROLL is not an isolated incident among Musk-inspired meme coins that experienced a significant drop following a price surge.
Terraform Labs believes that a self-funded Chapter 11 filing is the optimal path forward, providing the necessary breathing room to pursue the appeal, continue its software development business, and sustain LUNA’s value for stakeholders.
Provisions that allowed people in Argentina to declare undeclared crypto assets for tax reasons is no longer part of the reform bill.
Sui has been among the top performers in the cryptocurrency market as of late, fueled by a notable spike in its on-chain DeFi activity and rising trading volume.
Binance also announced the addition of JUP as a borrowable asset in a new margin pair on the Isolated Margin.
Users can swap the digital assets directly from their self-custodial wallets, such as MetaMask, onto their Visa debit cards.
As per the SEC, Chunga individually accumulated approximately $3.7 million from investors’ funds, spending it on personal luxuries like a BMW, designer clothing, and a $1.2 million residence in Maryland.