withdrawals
Staked Stream USD (XUSD) Collapses to $0.17 Following $93M Mismanagement Scandal; Withdrawals Frozen
By Financial & Crypto News Desk Published: November 2023 Main Facts The decentralized finance (DeFi) sector has been rocked by yet another catastrophic collapse involving a major algorithmic asset. The Staked Stream USD (XUSD) stablecoin, issued by the DeFi yield platform Stream Finance, has suffered a catastrophic depegging event, plunging more than 82% in value […]
Lummis Calls Out Federal Reserve: Why New Crypto Guidance Withdrawals May Be "Lip Service"
In a move that initially appeared to signal a thawing of the "crypto winter" within the corridors of the U.S. banking system, the Federal Reserve—alongside the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC)—recently announced the withdrawal of several long-standing guidelines concerning how traditional banking institutions should engage […]
