Tether Mistakenly Minted 5 Billion USDT and Immediately Burned Them

Stablecoin operator Tether mistakenly minted five billion USDT tokens on the Tron blockchain. Stablecoin operator Tether accidentally minted and subsequently burned 5 billion USDT tokens, Whale Alert tweeted on July 13. Whale Alert — a Twitter account dedicated to reporting large cryptocurrency transactions — noted that 50 million USDT tokens were transferred from cryptocurrency exchange […]

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Drafted “Keep Big Tech out of Finance” Act Surfaces Days Before Libra Hearings

A draft of a US House bill restricting big tech companies from entering the crypto assets market has surfaced days before the congressional hearings on Facebook’s Libra. A drafted bill entitled “Keep Big Tech out of Finance” has surfaced online, allegedly deriving from within the United States House of Representatives Financial Services Committee. The document’s […]

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Japan to Look Into the Impact of Facebook’s Libra Ahead of G7

Japanese authorities are investigating the impact of Facebook’s Libra stablecoin. Japanese authorities are investigating the impact of Facebook’s Libra stablecoin, The New York Times reported on July 12. Per the report, Japanese authorities have set up a working group tasked with investigating the impact of Facebook’s stablecoin on monetary policy and financial stability. The working […]

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