The stablecoin issuer’s US Treasury holdings are comparable to those of major foreign holders, while its Bitcoin reserves were valued at $8. 37 billion at the end of September.
The rout hit publicly traded crypto exchanges and fintech companies, as well as cryptocurrencies like Bitcoin.
A look at how safe your money really is when even the world’s largest cryptocurrency exchange can be breached
Hackers targeted Binance, the world's biggest cryptocurrency exchange, taking $6. 3 billion in assets. Hush CEO and co-founder Mykolas Rambus joins with more.
Binance lost about $6. 4 billion, the largest crypto hack on record, yet Bitcoin fell about 3%, against nearly 11% in 2018 when the exchange was last attacked.
The Q3 gap between stablecoin revenue and disclosed holder-rewards expense fell 16. 6%, a calculation that excludes other costs and income. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next.