The NYTimes report noted that there was a flood of sell orders for TerraUSD (UST) from crypto exchange FTX in May this year.
The Bank Indonesia has planned a three-phase rollout of Digital Rupiah for wholesale use as well as retail use. It also wants to ensure that the Digital Rupiah is used for cross-border transactions.
The banking giant said that they are keen to spot some long-term opportunities amid a massive shakeout in the crypto sector.
Elon Musk hints at bringing Dogecoin (DOGE) payments to Twitter. Lefts ban on several accounts tweeting about DOGE.
Coinbase accused Apple of introducing new policies to protect their profits at the expense of consumer investment in NFTs.
Pavel Durov said that it time blockchain-based projects get to its roots of decentralization and so all digital assets should move to self-hosted wallets.
The new bill will legalize the use of digital assets in the country while introducing regulations and safeguarding measures for all the stakeholders in the process.
BlockFi further added that it has US$256.9 million in cash on hand. The crypto lender believes that this would be sufficient to support certain operations during the restructuring process.
Vladimir Putin said that the new payments system will be completely independent of banks and any third-party interference.
Binance has already pledged $1 billion to the recovery fund and would ramp up that amount to USD 2 billion in the near future if the need arises.