Search results for “stablecoin”

3 stories for “stablecoin”

Markets & Finance

Nigeria's central bank bans algorithmic stablecoins, issues new licensing rules

Nigeria's central bank has implemented licensing rules for stablecoin issuers and banned algorithmic stablecoins to improve oversight of the cryptocurrency sector. This regulation aims to mitigate risks...

The Block · 8 days ago · 2 min read

Crime & Justice

Binance freezes $3 billion linked to $6.3 billion North Korean hack

Binance has frozen approximately $3 billion of the $6.3 billion stolen in a hack attributed to North Korean hackers, specifically the Lazarus Group. The incident has prompted investigations from U.S....

BBC Business · 14 days ago · 2 min read

Markets & Finance

Tether’s excess reserves double to $8 billion

Tether’s excess reserves doubled to $8 billion, primarily in US Treasuries, while Q3 profit surged to $1.5 billion. This strengthens the stablecoin’s backing amid regulatory scrutiny, with an upcoming audit...

CoinTelegraph · 14 days ago · 2 min read