Curve Finance is evaluating a proposal to reduce its reliance on the stablecoin TUSD following the resolution of U.S. Securities and Exchange Commission (SEC) charges against Trusttoken Inc. and Truecoin LLC, the companies behind the dollar-pegged token. TUSD Faces Removal From Curve Finance Pegkeeper The proposal, authored by Wormhole Oracle, suggests slashing the debt ceiling…
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The U.S. Securities and Exchange Commission (SEC) announced settled charges against crypto companies Trusttoken Inc. and Truecoin LLC. The charges allege fraudulent misrepresentations and unregistered sales of investment contracts related to the stablecoin trueusd (TUSD). U.S. Securities Regulator Charges Crypto Companies Trusttoken and Truecoin According to the SEC’s complaint released on Tuesday, Truecoin and Trusttoken…
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TrueUSD (TUSD), a stablecoin with a market cap exceeding $3.1 billion, appears “shaky” and briefly depegged on November 22, dropping to as low as $0.9976 before restoring its peg. The temporary depeg was attributed to a deluge of selling orders, according to Kaiko, a blockchain analytics firm. TUSD Briefly Depegs, Large Selling Orders Rolling Through…
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Despite the minting of $50 million in TUSD, Zhao previously said the regulatory crackdown on stablecoins in the U.S. will cause the USD-back stablecoin market to “shrink.” Only days after reports of United States regulatory scrutiny of Paxos and Binance USD (BUSD), cryptocurrency exchange Binance has minted nearly $50 million worth of TrueUSD (TUSD). The…
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It has been another gruesome day in the cryptocurrency market, with Bitcoin price sliding to $16,000. Ethereum, the second-largest cryptocurrency, dropped further down the rabbit hole and is trading 5% lower on the day at $1,117. The sell-off accompanied a 3.6% decline in the crypto market cap to $830 billion. … Read More: Best Crypto to…
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The untimely collapse of FTX and its sister company Alameda has had far-reaching implications on the cryptocurrency market. As investors go back on the drawing board, they may consider assets like Dash 2 Trade (D2T), Trust Wallet (TWT), RobotEra (TARO), Chiliz (CHZ) and Calvaria (RIA). These crypto assets could offer relief from the mess left…
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The crypto markets remain in wait-and-see mode as investors come to grips with the collapse of FTX and the possivle. The next few weeks could determine if a recovery will grace the year-end celebrations or should more bleeding be expected…. Read More: Best Crypto to Buy Now 15 November – D2T, TWT, IMPT, QNT, RIA…
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