I have been residing in the UAE for the past 25 years and carry on my business here. On the occasion of my 50th birthday, a couple of my Indian cousins have gifted me USTD into my private wallet here from theirs in India, after I shared my private key with them. Do I have…
Stablecoins are typically backed by cash or government bonds and run on public blockchains. Unlike bitcoin, the ur-cryptocurrency, their price barely fluctuates: tether, the biggest (whose issuer bears the same name), fetches a flat $1, within a few hundredths of a cent. They are mostly used to trade other cryptocurrencies, providing a stable bridge between…
Cryptocurrency exchange WazirX has announced that it will allow INR balance withdrawals from its platform starting August 26. However, as per an official announcement on August 23, customers will only be able to access 66 percent of their funds. As part of this update, WazirX is also reducing INR withdrawal fees by 60 percent, lowering…
Financial bubbles are inherently political. John Law’s doomed pumping of Mississippi Company stock in 18th-century France came with the state’s blessing. Deregulation also helped fuel Japan’s 1980s market boom. More recently, Sam Bankman-Fried (SBF), the frizzy-haired mogul jailed for his role in cryptocurrency exchange FTX’s collapse, was accused by prosecutors of using over $100 million…
