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Polychain-Backed Yala Stablecoin YU Crashes to $0.20 After Protocol Attack

Polychain-Backed Yala Stablecoin YU Crashes to $0.20 After Protocol Attack

The Yala stablecoin (YU), a Bitcoin-native over-collateralized stablecoin backed by Polychain, lost its dollar peg around 5:14 UTC+8 following a pr...
Prime Trust Bankruptcy: What it Means for Bitcoin Custody and Investors

Prime Trust Bankruptcy: What it Means for Bitcoin Custody and Investors

Bitcoin Magazine Prime Trust Bankruptcy: What it Means for Bitcoin Custody and Investors The result of Prime Trust’s bankruptcy case reveals flaws...
Coinbase defends customer asset rights in Prime Trust bankruptcy case

Coinbase defends customer asset rights in Prime Trust bankruptcy case

Coinbase has stepped into the Prime Trust bankruptcy case, filing an amicus brief to push back against a motion that could threaten customer asset ...
Coinbase must do more to stem the $300M its users lose to social engineering scams yearly

Coinbase must do more to stem the $300M its users lose to social engineering scams yearly

Coinbase restrictions have been linked to the firm’s stringent risk models.
Coinbase files amicus brief to protect Prime Trust customers’ assets in bankruptcy case

Coinbase files amicus brief to protect Prime Trust customers’ assets in bankruptcy case

Coinbase filed an amicus brief in the bankruptcy case of crypto custodian, Prime Trust. According to the exchange’s chief legal officer, Paul Grewa...
Caroline Ellison Sentenced to 2 Years in Prison for Her Role in FTX

Caroline Ellison Sentenced to 2 Years in Prison for Her Role in FTX

Former Alameda Research CEO Caroline Ellison received a two-year sentence in a minimum-security prison for her role in the FTX collapse.
The Urgent Need for Bitcoin Tax Reform to Encourage Everyday Use

The Urgent Need for Bitcoin Tax Reform to Encourage Everyday Use

An argument for why tax treatment of bitcoin is a massive disincentive for its use in commerce.
TrueUSD Crashes 79% Following Binance Delisting

TrueUSD Crashes 79% Following Binance Delisting

TrueUSD crashes nearly 80% in market cap after Binance delisting. Learn about the implications for the stablecoin market and investor concerns.
Crypto Giant Galaxy Digital assets under management surge to $10.1B

Crypto Giant Galaxy Digital assets under management surge to $10.1B

Crypto Giant Galaxy Digital, a prominent digital asset management firm, has made a remarkable comeback, reporting a net income of $296 million for ...
TrueUSD’s slip from $1 peg deepens amid broader sell-off as FDUSD thrives

TrueUSD’s slip from $1 peg deepens amid broader sell-off as FDUSD thrives

TrueUSD (TUSD) deviation from its $1 peg has widened under the current red market situation. Data from CryptoSlate shows that the stablecoin dipped...