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Bank of Italy finds no consistent cost advantage for stablecoin remittances

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Researchers found that fiat conversion costs and payment infrastructure, rather than blockchain fees, accounted for most of the differences in stablecoin remittance costs and settlement times.

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Coin Market

Pump.fun laid off workers before they received millions in PUMP tokens: Report

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Pump.fun co-founder Noah Tweedale reportedly attributed the layoffs to said the company growing too quickly.

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Coin Market

Tether earns $1.5B in Q2 as US Treasury holdings fuel profits

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Tether’s reserve surplus grew to $4.11 billion in the second quarter as USDT supply rose despite a weaker stablecoin market and continued pressure across the crypto sector.

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Coin Market

Ex-FTX users report funds being released in $900M distribution round

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Several users of the long-defunct crypto exchange reported that distribution agents had begun releasing funds to reimburse creditors for some of their 2022 losses.

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