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BIS Research Report: Stablecoins Not Secure as Store of Value

BIS Research Report: Stablecoins Not Secure as Store of Value

Stablecoins. Source: Adobe / Grispb Fiat-backed stablecoins are “not a safe store of value,” according to a new research report from the Bank for International Settlements (BIS). According to the report, the BIS found that from January 2019 to September 2023, fiat-backed stablecoins were able to maintain their peg ratio only 94% of the time, …

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Alameda Research Minted Over $39B USDT, Accounting for Nearly Half of Tether’s Circulating Supply

Alameda Research Minted Over $39B USDT, Accounting for Nearly Half of Tether’s Circulating Supply

Conor Grogan, a director at Coinbase, recently took to X to point out that on-chain data reveals that Alameda Research minted 39.55 billion USDT tokens. This figure represents 47% of the current circulating supply of Tether. Alameda Research’s Role in USDT Minting In a recent revelation, Conor Grogan took to social media to share insights …

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Alameda Research Lost $200M to Several Phishing Attacks Due to “Poor Security Practices”: Ex-FTX Engineer

Alameda Research Lost $200M to Several Phishing Attacks Due to “Poor Security Practices”: Ex-FTX Engineer

Source: AdobeStock / Rafael Henrique Former Alameda Research software engineer Aditya Baradwaj has exposed several security flaws that reportedly caused the FTX’s sister hedge fund at least a staggering $200 million. In a series of posts on X (Twitter), titled ‘The Hacks,’ the whistleblower revealed, “poor security practices at Alameda Research caused the company to …

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