News Explorer — Tether’s Stablecoin Peg Has Wobbled All of August, Say Anaylsts

According to research from Kaiko, USDT, the U.S. dollar-pegged stablecoin issued by Tether, experienced a slight depeg throughout August. The most severe depeg occurred on August 7, with USDT trading at a discount on various platforms. The report suggests that USDT’s sensitivity to depegging may be due to Tether’s redemption fee and minimum, combined with decreasing liquidity. The analyst recommends that Tether remove the redemption fee and minimum to address the peg stability problem.

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Sep 1, 3:41 am

Cointelegraph

Binance Australia’s General Manager Confident in Australian Regulators’ Ability to Make Informed Decisions on Crypto Rules

Binance Australia’s General Manager, Ben Rose, is confident in Australian regulators making the right decisions regardin… Read Summary

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Sep 1, 2:11 am

Unchained Crypto

BTC Exchange Reserves Plummet as Withdrawals Outpace Deposits—But Institutional Players Are Still Buying

Data from Crypto Quant and Glassnode shows that exchange reserves of BTC have dropped to 2 million, indicating a potenti… Read Summary

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Sep 1, 2:09 am

Unchained Crypto

Tether’s Stablecoin Peg Has Wobbled All of August, Say Anaylsts

According to research from Kaiko, USDT, the U.S. dollar-pegged stablecoin issued by Tether, experienced a slight depeg t… Read Summary

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Aug 31, 11:04 pm

Cointelegraph

IBM Says Digital Euro Should be Built on Existing Rails and Ensure Privacy

IBM has shared its ideas on how to make the digital euro successful. They suggest building on existing rails, keeping si… Read Summary

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Aug 31, 11:42 pm

Decrypt

Streamer Loses $60K in Crypto After Accidentally Showing Seed Phrases

Ivan Bianco, a Brazilian blockchain gaming-focused YouTuber, had nearly $60,000 worth of cryptocurrency and NFTs stolen… Read Summary

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Aug 31, 8:54 pm

Decrypt

Hiber3D Taps Google AI Tools to Generate Metaverse Worlds With Text

Startup Hiber has integrated Google’s generative AI technology into its Hiber3D development platform, aiming to simplify… Read Summary

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Aug 31, 8:48 pm

Forbes

FCA New Travel Rule Requires UK Crypto Businesses to Collect and Verify Information About Transfers

The Financial Conduct Authority (FCA) has introduced new rules, known as the Travel Rule, which require cryptoasset businesses in the UK to collect and verify information about cryptoas… Read Summary

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Aug 31, 6:47 pm

The Block

Football Legend Ronaldinho Says He Isn’t Part of Crypto Scam

Brazilian footballer Ronaldinho has denied involvement in a cryptocurrency scam that used his name and likeness. The all… Read Summary

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Aug 31, 7:50 pm

Decrypt

SEC Delays on Several Spot Bitcoin ETF Applications

The SEC has requested more time to evaluate spot Bitcoin ETF applications from Wisdom Tree Funds, Invesco, Galaxy Digita… Read Summary

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Aug 31, 7:24 pm

Decrypt

Grayscale Bitcoin Trust Investors Who Bought in December Are Up Huge

Traders who bought shares of Grayscale’s Bitcoin Trust (GBTC) during its lowest point are now seeing significant gains a… Read Summary

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Aug 31, 6:29 pm

Decrypt

Adidas Reveals Artist Residency Program for NFT Drops, Collabs

Adidas /// Studio has launched a digital artist in residency program called Residency by Adidas, which will spotlight gl… Read Summary

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Aug 31, 4:00 pm

The Block

Bitcoin Wallet Hiro Rebranded to Leather

Trust Machines has announced the launch of its flagship wallet, Leather, after acquiring and rebranding Hiro Wallet. The… Read Summary

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Aug 31, 1:01 pm

Decrypt

PancakeSwap DEX Launches on Base Network

PancakeSwap, the leading decentralized exchange on BNB Smart Chain, is expanding to the Coinbase-incubated Ethereum laye… Read Summary

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Aug 31, 12:19 pm

Decrypt

Citi, BNY Melon Among Banks Who Tested Tokenization With Chainlink, Swift

Swift has successfully conducted blockchain interoperability tests with over 10 financial institutions, including Citi,… Read Summary

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