The implosion of FTX showed what happens when funds supposed to be in one place turn up in another, or nowhere at all. That will reignite the debate over how to regulate digital assets – especially when it comes to stablecoins: johnsfoley
Representations of cryptocurrencies are seen in this illustration, August 10, 2022.
Stablecoins are digital assets designed to have a steady value, usually by being pegged to a real-world currency like the U.S. dollar. Because their prices tend not to swing around, a trader can park funds in a stablecoin in between selling one crypto asset and buying the next. Sure, they could put the money in their bank too, but a stablecoin like USD Coin, Tether or Binance USD means there’s no need to leave the blockchain cocoon. Transfer is instant and often fee-free.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Breakingviews - Breakingviews: Disney offers an Iger solution to an Iger problemBob Iger isn’t really the reset that Walt Disney needs, but for now, he’s the reset the $180 billion media giant is getting. The company on Sunday announced its former chief executive officer – who previously had a 15 year tenure – is coming back to replace Bob Chapek, who took the reins from Iger less than three short years ago. The board is mandating that Iger set the strategic direction of the company and find his successor. This time, though, Iger’s legacy – and the board’s jobs – are on the line.
Lire la suite »
The individual FTX investors who can't get their money backStories from people who held cash or crypto on FTX's exchange in the U.S. are starting to emerge — and the picture looks grim.
Lire la suite »
FTX had 'substantial amount' of assets stolen, diminishing odds users will get their money backLawyers for FTX Trading disclosed Tuesday that a 'substantial amount' of assets has been stolen from accounts on the collapsed cryptocurrency exchange, diminishing the odds that its millions of users will get their money back.
Lire la suite »
FTX Isn’t Just Bankrupt — Tons of Money Has Been StolenSam Bankman-Fried’s crypto empire is getting dissected in bankruptcy court, where a lawyer said it was run by “compromised individuals.”
Lire la suite »
US Prosecutors Were Probing FTX For Anti-Money Laundering Violations | CoinMarketCapThe Department of Justice was looking into whether the now-bankrupt FTX cryptocurrency exchange had knowingly sold cryptocurrencies to Americans despite claiming it did not.
Lire la suite »