Finance
Bank of Italy research suggests stablecoins aren't necessarily cheaper for remittances
A mystery-shopping experiment found that exchange fees, foreign exchange spreads and banking rails mean stablecoin remittances are often no cheaper than traditional transfer means.
Bitcoin mining difficulty shrinks 14% from this year's high as plunging revenues force operators to pivot
Difficulty falls as weak mining economics reduce capacity, while forward markets signal little relief through year-end.
Tether posts $1.5 billion operating profit in Q2 as reserve buffer falls by half
The world’s largest stablecoin issuer added 14 metric tons of gold and about 1,800 bitcoin to its reserves during the second quarter.
More from Finance
Global banks test tokenized money for cross-border payments in $1 million BIS pilot
Twenty-eight banks, including JPMorgan, Citi and UBS, moved real money across borders in a live test of blockchain-based settlement.
Ondo Finance weighs acquisition worth up to $500 million
The tokenized-assets firm is considering an acquisition valued at $250 million to $500 million as consolidation accelerates across crypto infrastructure.
Fake staking site drains $8.5 million in XRP from dozens of investors promising easy yield
Seoul police say the amount of the scam might rise to nearly $20 million. Two alleged scammers were detained and a third remains at-large.
Crypto exchange Luno cuts 20% of staff amid automation push and retail trading slumps
The DCG-owned company previously cut 35% of staff in January 2023 citing tough market conditions.
Stablecoin firm Brale says new protocol can remove a major hurdle to scaling custom tokens
Today's bridge model won't scale as hundreds of companies issue their own stablecoins, fragmenting liquidity, Brale CEO Ben Milne said in an interview.
