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A dispute over Tether's financial strength has divided crypto observers after BitMEX co-founder Arthur Hayes warned that the stablecoin issuer's bet on Bitcoin and gold could backfire. A former Citi bank analyst countered that public attestations miss tens of billions in additional equity. The disag

The cryptocurrency industry has mobilized millions of dollars in relief following the catastrophic fire that swept through Hong Kong’s Wang Fuk Court estate on Nov. 26, one of the city’s deadliest residential disasters in decades. The blaze, which authorities classified as a five-alarm event, engulf

Bithumb, South Korea's second-largest cryptocurrency exchange, has shut down its USDT market following a regulatory investigation into anti-money laundering controls. The closure terminated a two-month partnership with Australia's Stellar Exchange that involved order-book sharing across 10 cryptocur

S&P Global Ratings has downgraded the stability assessment of Tether’s USDT to its lowest classification, warning that the world’s largest stablecoin is now more vulnerable to reserve shortfalls if Bitcoin prices continue to fall. The rating was lowered from “constrained” to “weak,” reflecting what

Paystand, a business-to-business payments platform that processes $20 billion in transactions annually, has acquired Bitwage, a cryptocurrency payroll service that has facilitated more than $400 million in digital wage payments across 200 countries since its 2014 launch. The acquisition brings stabl