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Posted on 13/05/2022

A collapse of Tether could be crypto’s ‘Lehman Brothers moment’ as the world’s top stablecoin begins to wobble and major tokens plummet, analyst says

A collapse of the Tether stablecoin would be crypto's "Lehman Brothers moment," according to an analyst from GlobalBlock. Following Terra's collapse, the $81 billion Tether stablecoin began to deviate ... ( read original story ...)

Posted on 13/05/2022

Global crypto regulation body likely in next year, top official says

Global market regulators are likely to launch a joint body within the next year to better co-ordinate cryptocurrency rules, a senior watchdog official has said. ( read original story ...)

Posted on 13/05/2022

5 times Tether’s dollar reserves have been questioned — and how the stablecoin’s drop to $0.94 could affect the plummeting crypto market

Jim Cramer and Nouriel Roubini are two of Tether's highest-profile critics. Both have questioned whether its stablecoin is backed by dollar reserves. ( read original story ...)

Posted on 13/05/2022

Crypto market cap has plunged 28% over the last week to $1.2 trillion, the lowest since July, amid broad meltdown

"It has been a rough period for crypto given the lost confidence with stablecoins and expectation for a much harsher regulatory environment." ... ( read original story ...)

Posted on 13/05/2022

Panic in the crypto market has Janet Yellen’s attention

A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the ... ( read original story ...)

Posted on 13/05/2022

What this week’s Terra stablecoin fiasco means for crypto and what investors can learn from it

But UST's isn't the first depegging in stablecoins and it probably won't be the last. Here's what you need to know about this week's Terra fiasco. ( read original story ...)

Posted on 13/05/2022

SoftBank to keep majority stake in Arm after IPO, Son confirms

Chairman Masayoshi Son confirmed on Thursday that the Japanese conglomerate would keep a majority stake in semiconductor designer Arm after it undergoes an ... ( read original story ...)

Posted on 13/05/2022

ASEAN+3 finance chiefs warn on rate hike risk to region

Asian finance chiefs on Thursday warned of the "downside risks" from Russia's invasion of Ukraine to the economic recovery of their region, even as they said they expect that their countries will ... ( read original story ...)

Posted on 13/05/2022

Tokyo stocks close lower after US falls

Tokyo stocks ended lower on Thursday, tracking Wall Street falls on concerns over US monetary tightening.The benchmark Nikkei 225 index fell 1. ( read original story ...)

Posted on 12/05/2022

What happens in crypto may not stay in crypto this time around

Crypto is creaking. Unfortunately, even those fund managers in normal markets like stocks and bonds who have studiously avoided focusing on this freewheeling asset class, need to ... ( read original story ...)

Posted on 12/05/2022

Japan’s Nikkei ends near 2-month low after Wall Street slides

Japan’s Nikkei fell to its lowest in almost two months on Thursday as technology heavyweights tracked a sharp decline on Wall Street overnight. We apologize, but this video has failed to load. Try ... ( read original story ...)

Posted on 12/05/2022

A crypto trader who referred to himself as ‘Coin Signals’ was slapped with a 42 month prison sentence for defrauding 170 people

Jeremy Spence was hit with the prison term this week for a crypto scam that he ran from November 2017 to April 2019. According to a Justice Department press release, Spence managed various crypto ... ( read original story ...)

Posted on 12/05/2022

Bitcoin news – live: Crypto prices collapse as investors say they have lost fortunes

Follow all the latest news, analysis and expert price predictions for bitcoin, as well as other leading cryptocurrencies like Ethereum, Solana, and Cardano ... ( read original story ...)

Posted on 12/05/2022

Stablecoin tether breaks its peg and drops to $0.95 as panic hits crypto markets after collapse of TerraUSD

Tether — which is supposed to be worth $1 — suffered its biggest drop in over a year as it dropped as low as $0.945. ( read original story ...)

Posted on 12/05/2022

Japan freezes assets of Russia’s Sberbank, Alfa Bank

The Japanese government on Thursday froze the assets of Russia's largest financial institution, Sberbank, and Alfa Bank, its largest private bank, due to the Russian war on Ukraine. Japan decided to ... ( read original story ...)

Posted on 12/05/2022

Bank of Japan members in no rush to change easing policy as inflation temporary

This photo taken on May 18, 2016, shows the head office of the Bank of Japan in Tokyo. (Mainichi) TOKYO (Kyodo) -- Bank of Japan board members saw the need to underscore their commitment to ... ( read original story ...)

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