World’s most traded cryptocurrency does not currently accept customers in the US
Judge rejects stablecoin operator’s concern that Swan Bitcoin could secure proprietary information
Also in today’s newsletter, ‘We’re in a very, very dangerous world right now,’ warns Republican stalwart senator Mitch McConnell
Sacked ‘whistleblowers’ launch California court action against Europe’s biggest bitcoin-miner-turned-AI-datacentre-builder
Analysts say Tether digital coins were used to transfer funds from victims of ‘pig butchering’ racket
Digital currency at the heart of scams including fake romance frauds known as ‘pig butchering’, report says
Stablecoin diffusion
New York court ruling on Tether case comes amid negotiations over a draft legislation for the sector
Tether plays chicken with Ofac, Texas hates ESG, construction doesn’t scale, etc
Ownership highlights how digital asset players are encroaching on traditional markets
Case is a major test of how US insolvency rules will apply in the digital asset sector
Tweets from the stablecoin’s CTO are raising new questions about reserve quality
FT reporters dig into the professional histories of two executives who sit atop two of crypto’s most important businesses
Tether’s Bahamas bank, Top Gun’s top takings, Xiaomi’s new TVs
Stablecoin has faced $10bn in redemptions after it briefly lost its peg with US dollar
How a popular token’s collapse led to questions about the whole crypto market’s stability
Bolting the stable door after the stablecoin has bolted
Tether’s market value falls 9% after stablecoin briefly lost peg against US dollar
Scott Chipolina, Jemima Kelly, Kadhim Shubber and Siddharth Venkataramakrishnan will take your questions at 3.30pm BST/10.30am ET
And how the Fed can control rent inflation
Cash and bank deposits made up only 5 per cent of its assets as of the end of December
The $80bn stablecoin has drawn close scrutiny after it slipped far from its peg against the dollar
The ramifications of a tether crisis of confidence.
Token’s tech chief declines to provide details on Treasury holdings on fear of revealing ‘secret sauce’
Even some who have sipped the Kool-Aid accept the latest cracks may be different
