Another one bites the dust. The Diem project is dead, according to Bloomberg. The report comes from anonymous sources and does its best not to assure anything. However, considering the project’s head ...
Tag: Stablecoin
Facebook Is Putting an End to Stablecoin Project Diem
The Facebook-led cryptocurrency project, Diem, is dismantling itself due to excessive regulatory pressure and is looking for buyers of its assets, Bloomberg reported on Wednesday. The Diem Association...
Diem Reportedly Trying to Sell Assets—Is This the End of Facebook’s Stablecoin Ambitions?
In brief The Diem Association is exploring ways to sell its assets, per a Bloomberg report. The stablecoin project has weathered regulatory scrutiny and executive departures. Diem Association (formerl...
Where to buy DAI coin: a stablecoin that stayed put as the crypto market plummeted
The DAI coin has remained relatively stable throughout the ongoing crypto market plunge; something that has caught the attention of most crypto investors especially within the decentralized finance wh...
Bank of America says stablecoin adoption and CBDC is ‘inevitable’
It appears that the U.S. will finally be moving forward to create its own central bank digital currency (CBDC) according to the Bank of America. Bank of America crypto strategists Andrew Moss and Alke...
Luna Foundation Guard Launches to Support UST Peg as Stablecoin Blows Past $11B Market Cap – Bitcoin News
The Luna Foundation Guard, a new decentralized organization developed to support the Luna ecosystem, has been launched last week in Singapore. The institution will offer funding in the form of grants ...
Stablecoin Issuer Tether Has Recovered Over $87 Million in USDT Sent to Wrong Addresses
Since its launch, Tether, the company behind the top USD-pegged stablecoin USDT has helped recover more than $87 million sent to wrong addresses, The Block reports, January 22, 2022. Tether Has Recove...
$4B non-profit established to stabilize UST stablecoin
With a market cap of more than $170 billion, stablecoin adoption is exploding. The total market of stablecoins grew 450 percent in 2021 alone. Stablecoins are viable internet-native mediums of exchang...
Cardano-based Stablecoin ADADAO to Hold Public Sale on KICK.IO
Advertisement     The rapid growth of the Cardano Network is something to be reckoned with. However, the absence of a stablecoin is a challenge as many investors are s...
Unique Cardano Stablecoin: ADADAO to Hold a Public Sale on KICK.IO
20th January 2022, Tallinn, Estonia – Many seasoned crypto analysts have been taken aback by the recent influx of innovative projects to the Cardano space. However, despite the ecosystem’s vibrancy, o...
Group of US Banks Launch Initiative To Promote Adoption of New ‘USDF’ Stablecoin
US banks are jumping headfirst into the world of stablecoins as a group of US-backed financial institutions makes plans to mint a new stablecoin. According to a press release, the “USDF Consortium” wi...
Stablecoin Infrastructure Provider Stably Raises Pre-Series A Round Led by VeChain’s CEO and Morgan Creek Capital
Seattle, United States, 18th January, 2022, Chainwire Stably, a US venture-backed stablecoin and asset tokenization infrastructure provider, announced it has secured an undisclosed amount of funding i...
Hong Kong initiates discussions to introduce stablecoin regulatory framework
The HKMA has listed 8 policy-related questions seeking recommendations They have cited 5 possible regulatory outcomes too HKMA aims to establish the framework by 2023-24 Hong Kong’s focal financial e...
Cathie Wood’s ARK Invest Opens Position in Company Merging With Stablecoin Giant Circle: Report
Veteran hedge fund manager Cathie Wood’s ARK Invest is buying up shares of a special-purpose acquisitions company (SPAC) that is merging with a prominent stablecoin firm. According to a report from Ma...
A Former US Senator and Ambassador to China on the Need for Stablecoin Regulation
This episode is sponsored by Nexo, Abra and FTX US. Download this episode This week’s “Long Reads Sunday” reading is Max Baucus’ “The Urgent Need for Regulatory Clarity on Stablecoins.” See also: Stri...
Stablecoin USDC’s ERC20 Issuance Surpasses USDT’s Total Supply on Ethereum – Altcoins Bitcoin News
On Saturday, January 15, 2022, the market capitalization of all the stablecoins in existence is $173 billion, which represents 7.93% of the $2.18 trillion crypto-economy. The market valuations of stab...
Tether (USDT) No Longer Dominant Ether-Based Stablecoin: Data
Vladislav Sopov Historical USDC/USDT flippening was spotted yesterday by Nansen’s analytical tools Contents Flippening confirmed: there are more USDC on Ethereum than USDT USDC market capitaliza...
Hong Kong begins discussions to introduce stablecoin regulatory framework
Hong Kong’s central banking institution, the Hong Kong Monetary Authority (HKMA), released a questionnaire to gauge public opinion on regulations for crypto-assets and stablecoins. The state-bac...
NYCB and Group of Banks Join to Launch USDF Stablecoin – Bitcoin News
A group of U.S.-based banks is launching their own stablecoin, USDF. The stablecoin will be issued by the USDF Consortium, which will allow its members (financial and banking institutions) to issue US...
OCC Chief Hsu Says Regulation Could Boost Stablecoin Innovation
Regulating stablecoin issuers like banks could encourage innovation in the crypto industry, according to top U.S. banking regulator Michael Hsu. Speaking at an event on Thursday, Hsu – the acting comp...
Tether Freezes Over $150M+ Worth Of USDT Stablecoin
Tether has been one of the biggest question marks in crypto in recent years, and that hasn’t changed as adoption has grown. Decentralization has been a hot topic, and while the word itself isn’t menti...
Regulation Could Bolster Stablecoin Innovation
Acting comptroller of the Office of the Comptroller of the Currency (OCC), Michael Hsu has revealed that regulating stablecoin issuers like banks, could help innovations thrive in the crypto industry....
Tether Freezes $160M of USDT Stablecoin on Ethereum Blockchain
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set ...
Consortium of U.S. banks looking to launch bank-issued stablecoin
A consortium of U.S. banks or “an association of FDIC-insured financial institutions” including New York Community Bank (NYCB), NBH Bank, FirstBank, Sterling National Bank, and Synovus Bank is set to ...
US Banks Form Consortium for a Stablecoin Launch
Four United States licensed banks formed a consortium to launch a bank-minted stablecoin, called USDF. This, according to them, will challenge the stablecoins that are mostly non-bank issued. Dubbed U...