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Keyword: stablecoin

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  • The big financial shift no one’s paying attention to

    04/07/2025 9:52:06 AM PDT · by EnderWiggin1970 · 9 replies
    Riskhedge ^ | 4/4/25 | Stephen McBride
    Are you ready for the Circle IPO? The “stablecoin” giant just filed to go public. It’s aiming for a valuation between $4 billion and $5 billion and plans to list on the NYSE as early as June under the ticker CRCL. It will be the biggest crypto IPO since Coinbase (COIN) went public back in 2021. Circle is the company behind USD Coin (USDC)— the world’s second-biggest stablecoin. I’ll share my favorite way to profit from the rise of stablecoins in a minute. First, let me quickly break down what stablecoins are and why they’re a huge disruption to the...
  • Ho Wan Kwok, A/K/A “Miles Guo,” Arrested For Orchestrating Over $1 Billion Dollar Fraud Conspiracy

    03/15/2023 9:09:27 AM PDT · by ifinnegan · 45 replies
    Department of Justice U.S. Attorney’s Office Southern District of New York ^ | 3/15/23 | Department of Justice U.S. Attorney’s Office Southern District of New York
    FOR IMMEDIATE RELEASE Wednesday, March 15, 2023 Ho Wan Kwok, A/K/A “Miles Guo,” Arrested For Orchestrating Over $1 Billion Dollar Fraud Conspiracy Over $630 Million of Alleged Fraud Proceeds Seized by U.S. Government Damian Williams, the United States Attorney for the Southern District of New York, and Michael J. Driscoll, Assistant Director in Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”), announced the unsealing of a twelve-count Indictment charging HO WAN KWOK, a/k/a “Miles Guo,” a/k/a “Miles Kwok,” a/k/a “Guo Wengui,” a/k/a “Brother Seven,” a/k/a “The Principal,” and KIN MING JE, a/k/a “William Je,”...
  • Rising Tether Loans Add Risk to Stablecoin, Crypto World...Tether reports hadn’t disclosed that loans it issues are denominated and payable in the token

    12/01/2022 8:25:41 AM PST · by Red Badger · 26 replies
    Wall Street Urinal ^ | Dec. 1, 2022 5:30 am ET | By Jonathan WeilFollow
    As the crypto industry struggles in the wake of FTX’s collapse, the question of how the SEC will react is unanswered. Here’s what past investigations tell us about how the SEC sees cryptocurrency and may regulate it moving forward. Illustration: Ali Larkin The company behind the tether stablecoin has increasingly been lending its own coins to customers rather than selling them for hard currency upfront. The shift adds to risks that the company may not have enough liquid assets to pay redemptions in a crisis. Tether Holdings Ltd. says it lends only to eligible customers and requires that borrowers post...
  • Crypto founder behind $60 billion collapse says he is not hiding after Interpol issues arrest notice

    09/27/2022 7:26:38 AM PDT · by zeestephen · 5 replies
    CNBC ^ | 27 September 2022 | Arjun Kharpal
    Do Kwon is the founder of Terraform Labs, the company was behind the algorithmic stablecoin TerraUSD and Luna...South Korean authorities have sought his arrest and claim that Interpol has issued a "Red Notice," which is effectively a global arrest warrant...Kwon's Twitter location says he is in Singapore. But earlier this month, the Singapore Police Force said that Kwon was not in the city-state.