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The Latest Breaking News from TER

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

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

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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

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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

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

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

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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.

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news in one place.

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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.

The Guardian - UK

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

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

Benzinga

Teradyne: Dividend Insights

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

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