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US Agencies Warn of Attempts by North Koreans to Get IT Jobs

Three U.S. government agencies warned on Monday that some North Korean IT workers were trying to secure jobs while concealing their nationalities. CoinDesk’s Nikhilesh De discusses what we know so far and what this means for crypto.

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Finance

‘Stable in Name Only’: Stablecoin Issuers Speak Out as UST Craters

Asset-backed projects want regulators to know that not all stablecoins are created equal.

Stablecoins? (Amelia Spink/Unsplash)

Videos

Ripple Effects of UST Stablecoin Collapse

Stablecoin drama continues to ripple across the crypto markets. The tether (USDT) stablecoin, the world's largest stablecoin by market cap, dipped as low as 96 cents Thursday before bouncing back. Terra's UST stablecoin also tumbled to levels as low as 28 cents. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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Videos

Tether Loses $1 Peg, Bitcoin Briefly Drops to 2020 Levels Near $24K Before Rebounding

The tether (USDT) stablecoin dropped to as low as 94 cents Thursday before recovering to just above 99 cents, briefly losing its parity with the U.S. dollar. Separately, bitcoin dropped to levels not previously seen since December 2020. "The Hash" panel discusses weakening sentiment around stablecoins and why this matters as the crypto markets continue to be under pressure.

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Markets

Tether Loses $1 Peg, Bitcoin Drops to 2020 Levels of Near $24K

Weak sentiment around stablecoins may have contributed to USDT’s depegging Thursday morning.

(Chris Rogers/Getty Images)

Layer 2

Bankoff’s Crypto Wallets Nearly Empty After Virtual Debit Card Provider Folds

The Delaware-registered company said Visa and Stripe cut it off for serving too many Russians, but on-chain data has stoked users' suspicions.

More than $8M worth of USDT passed through Bankoff's wallets since December 2020, but less than $2,000 remains.

Videos

Deltec Bank CEO on Crypto Boom in the Bahamas

Deltec Bank & Trusting Limited CEO Odetta Morton discusses the tremendous growth of the crypto industry in the Bahamas, explaining the advantages of the country’s regulatory framework for those involved in the digital asset space. Plus, the history of Deltec’s involvement with the Tether USDT stablecoin project.

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Videos

LUNA Surges 17% as UST Becomes the Third Largest Stablecoin

TerraForm Lab’s UST has become the third-largest stablecoin, meanwhile there’s a 17% spike in the LUNA governance token’s price. “The Hash” group discusses the race to capture the stablecoin market, comments made by Tether’s Paolo Ardoino and the differences between asset-backed and algorithmic stablecoins.

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