Tether briefly dropped to $0.993 although it quickly regained parity with the dollar. But investors continue to pull money out of stablecoins and several have lost their pegs to underlying assets.
The Bank for International Settlements said recent turmoil in the cryptocurrency universe is a reminder of crypto's financial vulnerabilities and "deeper structural inadequacies".
While Coinbase is shrinking its global workforce by 18%, a company spokesperson told TechCrunch only 8% of India staff would be laid off
The Seoul Metropolitan Police Agency said it had launched an investigation into allegations about an employee of crypto billionaire Do Kwon's Terraform Labs
The bill marks one of the most ambitious efforts yet by US lawmakers to supervise rapidly growing and controversial crypto markets
China may have to strengthen already stringent cryptocurrency rules following the TerraUSD stablecoin collapse, the report said
The Commodity Futures Trading Commission seeks "disgorgement of ill-gotten gains", civil monetary penalties and an injunction against further violations of the Commodity Exchange Act
Crypto exchanges crowded the sidelines of the main conference aiming to gain credibility with mainstream companies ranging from Tyson Foods to Salesforce.com
Commentator Li Hualin said the ban helped to “extinguish the ‘virtual fire’ of virtual currency speculation"
India's Reserve Bank tells government that cryptocurrencies could lead to a dollarisation of the economy
Nvidia's chips became popular for their use in crypto-mining, the process of obtaining crypto rewards in exchange for verifying transactions on distributed ledgers