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Tether
The Problem With El Salvador’s Bitcoin Law, Effective September 7
Bitcoin will become legal tender in El Salvador beginning September 7, El Salvador President Nayib Bukele announced Thursday during a national address. He added every citizen will be gifted $30 via an e-wallet, once they verify their identities. Frances Coppola, author of "The Case for People's QE," discusses the "immense risks" of El Salvador's bitcoin currency rollout. Plus, why she thinks dai (DAI) is a bigger concern than tether (USDT).
Sam Bankman-Fried Speaks About McAfee’s Legacy, China Crackdown and Why Tether ‘Is Not a Worry’
FTX CEO Sam Bankman-Fried reacts to the death of antivirus software pioneer and early crypto investor John McAfee, discussing the way he “embodied 2017 in crypto” and the legacy he left behind for the digital asset industry.
Strike Phasing Out USDT From Bitcoin-Based El Salvador Remittances, CEO Says
Strike, the digital wallet startup behind El Salvador’s bitcoin-based payment system, is phasing out its use of Tether’s USDT stablecoin as a U.S. dollar substitute, CEO Jack Mallers said. “The Hash” team explores the ongoing scandal around Tether and the wider repercussions of El Salvador’s currency law.
Market Wrap: Bitcoin Slides to Two-Week Low, Ether to Below $2K as China Reiterates Crypto Ban
CME's bitcoin futures goes into "backwardation" and BTC inflows to exchanges rise as China "FUD" continues.
Strike Is Phasing Out USDT From Bitcoin-Based El Salvador Remittances, CEO Says
“Tether is no longer a part of anything,” Jack Mallers said on the “What Bitcoin Did” podcast.
Gold Tokens Take Off as Inflation Accelerates, Bitcoin Retreats
The market cap of gold-backed tokens has surged 30-fold since the start of 2020, according to one research firm.
Fmr. CFTC Chairman Calls for Greater Regulatory Oversight of Stablecoins
Harvard University Kennedy School of Government Senior Fellow and former Commodity Futures Trading Commission (CFTC) Chairman Timothy Massad discusses his thesis that the popular stablecoin tether could face a disruption comparable to the Reserve Primary Fund "breaking the buck" in 2008. He also comments on CBDCs and the digital dollar he expects will be developed.
Disruption in Tether's Value Could Be Crypto Equivalent of 'Breaking the Buck': Former CFTC Chairman
Timothy Massad compared the hypothetical occurrence to the collapse in NAV of the Reserve Primary Fund in September 2008.
Crypto Long & Short: Why Tesla’s Reversal Is Good for Bitcoin
The company's recent move is more about policy than price. Plus: Did this week mark the start of a meaningful shift in the stablecoin market?
