By tapping into its bitcoin reserves, UST’s salvation may have exacerbated a bitcoin sell-off that brought BTC to its lowest price since July 2021. Author: Sam Kessler, Danny Nelson
New Fed Report Repeats Warning About Stablecoin Run Risks as UST Loses Peg
The U.S. government again named stablecoins as a potential threat to the stability of the financial system, with both the Federal Reserve and a senior Treasury official saying Monday that the tokens are vulnerable to runs. Author: Jesse Hamilton
Michael Wagner: Building a Virtual Nation-State in the Metaverse
Author: Jessica Klein
Bitstamp Appoints JB Graftieaux as CEO After Julian Sawyer’s Departure
Bitstamp, Europe’s largest crypto exchange, has appointed former chief compliance officer JB Graftieaux as its new CEO following the departure of Julian Sawyer. Author: Jamie Crawley
First Mover Asia: The BitMEX Saga Continues to Leave Fundamental Regulatory Issues Unsettled; Bitcoin Falls
Arthur Hayes and his BitMEX co-founders must each pay a $10 million fine, but contesting the case against them might have clarified which financial regulatory agency should have primary oversight of cryptocurrencies; a tough weekend for cryptos. Author: Sam Reynolds, Damanick Dantes, James Rubin
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