Nifty News: Blue chip NFT prices wobble, Credit Suisse tries tokens and more
‘Blue chip’ floor prices near two-year lowsThe largest nonfungible token (NFT) collections by market capitalization are in a sea of red as the cheapest NFTs in their collections took dives over the past week with some hitting near two-year lows.Yuga Labs’ flagship ...
Tether CTO Reveals $1.6B Excess Reserves to Back USDT Stablecoin
During an interview, Paolo Ardoino, the CTO of Tether, made a significant announcement regarding the company's excess reserves. According to Ardoino, Tether currently has approximately $1.6 billion in reserves to support its stablecoin, USDT. Tether's USDT is backed by a variety of real assets, i ...
Cardano Founder Criticizes Credit Suisse for Refusing Cryptocurrency Account
Cardano's founder, Charles Hoskinson, has publicly criticized the Swiss bank Credit Suisse for its current financial crisis and recalled his own experience with the bank's refusal to open an account due to the volatility of cryptocurrencies. Hoskinson, who was a leader of Ethereum in 2014, explai ...
Australian Regulator to Introduce Daily Reporting for Banks on Crypto Investments
Amid the turbulence in the American banking sector, the Australian Prudential Regulation Authority (APRA) has announced plans to mandate daily reporting for domestic banks regarding their investments in startups and cryptocurrencies. As reported by the Australian Financial Review, APRA has issued ...