South Korea’s financial authorities have reportedly embarked on an emergency assessment of domestic crypto exchanges.
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A $4 Billion Hedge Fund Is Shorting Tether's Stablecoin
Fir Tree Capital Management, a $4 billion hedge fund, is shorting Tether as the largest stablecoin in crypto faces down scrutiny from regulators. According to clients of the firm and reported by Bloomberg, Fir Tree […]
Powell Sees No ‘Macroeconomic Implications’ From Bitcoin Price Swings, But ‘Better Regulatory Framework’ Still Needed
The Federal Reserve is closely watching the crypto world—but isn’t worried, according to the central bank’s chairman. Fed Chief Jerome Powell said today at a Senate committee meeting that the bank saw no “macroeconomic implications” […]
What is Harmony? The Blockchain Using Randomness to Reinforce Proof of Stake
In brief Launched in 2019, Harmony runs four parallel blockchain networks called shards to reduce latency by 1,000%. Harmony controls the influence of stakeholders—called validators—by assigning them randomly to a given shard and limiting the […]