Anjali Nair; Getty Images reader comments 113 Stablecoins, cryptocurrencies pegged to a stable value like the US dollar, were created with the promise of bringing the frictionless, border-crossing fluidity of bitcoin to a form of digital money with far less volatility. That combination has proved to be wildly popular, rocketing the total value of stablecoin… Read More »
Enlarge / Sam Bankman-Fried, founder and CEO of FTX, testifies during a House Financial Services Committee hearing on December 8, 2021. Share this story The digital assets industry has been shaken by the near-collapse of Sam Bankman-Fried’s FTX, one of the largest crypto exchanges, which clinched a rescue deal with arch-rival Binance after a surge… Read More »
Enlarge (credit: Elena Lacey | Getty Images) If you have paid casual attention to crypto news over the past few years, you probably have a sense that the crypto market is unregulated—a tech-driven Wild West in which the rules of traditional finance do not apply. If you were Ishan Wahi, however, you would probably not… Read More »