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RARE PHOTOS: 5 - The Real Truth

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

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

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

Evening Standard

Interrail passes blocked on French Riviera train line

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

The Independent UK

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.

Evening Standard

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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).

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.

Benzinga

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

The Guardian - UK

It’s Time for Regulators to Put Crypto Down

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

Foreign Policy

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.

Benzinga

Cryptocurrency ‘bloodbath’ threatens multibillion-dollar hedge fund

Three Arrows Capital founder takes to Twitter to assuage fears after 25% drop in price of bitcoin in a single day

The Guardian - UK

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Benzinga

Tether Enters Latin America With Stablecoin Pegged To Mexican Peso

Tether (CRYPTO: USDT), the company operating the blockchain-enabled platform tether.to today announced the launch of MXNT, a stablecoin pegged to the Mexican Peso. MXNT tokens will initially support Ethereum, Tron, and Polygon.

The Guardian - UK

First Thing: Up to 100 Ukrainians dying every day in east, Volodymyr Zelenskiy says

Ukraine rules out any ceasefire deal that involves ceding territory to Russia as the conflict makes its mark in Davos. Plus, Putin’s gift to Londoners damaged

Asharq Al-Awsat

Crypto Crowd Dominate Davos Main Street despite Price Crash

A free bitcoin pizza stall and a "Liquidity Lounge" were among the treats on offer for attendees at this year's meeting in Davos, where blockchain and cryptocurrency firms have taken over its main street, despite a recent crash in digital coin values. Executives from the crypto sector have descended on…

The Guardian - UK

Tether pays out $10bn in withdrawals since start of crypto crash

Pace of withdrawals in May means ‘stablecoin’ company effectively dealing with slow-motion bank run

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Benzinga

Teradyne: Dividend Insights

Monday marks the last chance for investors to receive the next dividend payout from Teradyne (NASDAQ:TER).

The Guardian - UK

TechScape: How Musk and crypto bros get away with it

In this week’s newsletter: Just like Donald Trump’s political rise, Tesla’s CEO and firms like Tether win by simply not playing by the same rules as everyone else

The Guardian - UK

$7.6bn of ‘stablecoin’ tether redeemed since start of crypto crisis

Figures suggest company has paid out more than total cash on hand, as terra backers prepare relaunch

The Times of India

Terra hasn’t killed crypto, but it was a narrow escape

NEW YORK: Speculation that the collapse of one of the biggest experiments in decentralized finance could bring about the death of crypto appears to have been overblown. If Terra’s implosion had happened after a few more months of growth, the resultant market impact might have created a DeFi version of…

inkl Originals

The Weekly Wrap for Saturday, 14 May 2022

It's been a bad week (month, year) to be a Web3 booster. Coinbase conceded that it may not be able to protect all the deposits it holds if it goes under. NFT's are evaporating and not even a CGI model of Madonna's vagina can save them. But in this edition…

The Guardian - UK

TerraUSD ‘stablecoin’ delisted from crypto exchanges

‘Algorithmic stablecoin’, whose collapse triggered multibillion-dollar selloff, turns off blockchain

Asharq Al-Awsat

Bitcoin Set for Record Losing Streak as ‘Stablecoin’ Collapse Crushes Crypto

Cryptocurrencies nursed large losses on Friday, with bitcoin trading near $30,000 and set for a record losing streak as the collapse of TerraUSD, a so-called stablecoin, rippled through markets. Crypto assets have also been swept up in broad selling of risky investments on worries about high inflation and rising interest…

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