The crypto economy has suffered two major crypto failures this year: the collapse of Luna/TerraUSD in May and the failure of FTX in November. In both instances, the world’s largest stablecoin, Tether, was caught in the blast radius as waves of redemptions poured into the company. It shrunk by $18 billion, or 21%, in May and June and by another $4 billion, or 6%, in November.
Binance Executive Jailed in Nigeria is Suspected of Having Malaria, Family Says
A U.S. citizen, Gambaryan has been in detention in Nigeria for more than two months. He was invited by the...