Crypto

Tether will pay $41 million to settle allegations it lied in claiming its digital tokens were fully backed by fiat currencies, putting a major compliance headache behind the world’s biggest issuer of stablecoins even as regulatory scrutiny intensifies. For years, Tether told customers and the broader cryptocurrency market that it Read more…

The US overtook China as the world’s biggest source of bitcoin mining two months after Beijing banned crypto mining this year, new data have revealed. From a report: China’s share of the global hashrate — the computational power required to create bitcoin — fell from 44 per cent to zero Read more…