It seems that the crypto market is going to witness another worst moment after just recovering from the prolonged effect of the historic crash of Terra’s LUNA in May. A leaked report from Sam Bankman ...
Tag: Stablecoins
Analyzing the Bank Run on FTX
November 7, 2022, 11:13AM EST • 4 min read Quick Take Rapid Insights provide a deeper analysis of the current crypto landscape in a timely fashion. This issue of Rapid Insights summarizes the latest d...
Here’s What’s Happening with FTX and Why It Is Selling Millions Worth of Stablecoins
Arman Shirinyan FTX and Binance drama may cause some serious issues on already problematic crypto market Contents It begins with Binance Massive outflows and self bailout The drama around FTX and its ...
Circle is bringing Euro Coin to Solana in first half of 2023
Payments firm Circle is bringing Euro Coin to the Solana blockchain and expanding its cross-chain protocol to Solana in the first half of 2023. Circle only launched Euro Coin as a European take ...
What Are Stablecoins? – The Cryptonomist
Cryptocurrencies today are known for their enormous price volatility. Prices can show large price fluctuations in a short time. It regularly happens that the crypto market as a whole falls or rises wi...
gm: Aave Founder Stani Talks Stablecoins and Next Era of DeFi
gm: Aave Founder Stani Talks Stablecoins and Next Era of DeFi Aave founder Stani Kulechov joined Dan Roberts and Stacy Elliott to talk about his vision for the next iteration of DeFi, Aave V3 and Lens...
Canada launches consultations on crypto, stablecoins, CBDCs
Canada’s government announced it is launching consultations on cryptocurrencies, stablecoins, and central bank digital currencies (CDBCs) to address illicit crypto activities, according to a Nov. 3 mi...
Argentine unicorn Uala debuts crypto trading as inflation rattles country
Buenos Aires-based neobank Uala has started rolling out crypto trading in Argentina, with the feature already available to selected users. Customers can buy and sell bitcoin and ether on the fin...
Canada to examine crypto, stablecoins and CBDCs in new budget
The Canadian federal government is set to launch a consultation on cryptocurrencies, stablecoins and central bank digital currencies (CBDCs) as revealed in its new mini-budget. The government’s “2022 ...
Canada includes consultation on crypto, stablecoins, CBDCs in Economic Statement
The Canadian federal government yesterday announced the launch of a consultation paper on cryptocurrencies, stablecoins, and Central Bank Digital Currencies (CBDCs). The information was revealed in th...
Canada to Consult on Cryptocurrencies, Stablecoins, and CBDCs – crypto.news
To start the consultation, the Canadian government cited its worries about the potential threats that digital assets and the digitalization of money may bring to its financial system. According to its...
Record inflow of stablecoins flood spot exchanges; Is a Bitcoin rally imminent?
The value of Bitcoin (BTC) is facing bearish pressure, with the asset staring at a possible breach below the crucial $20,000 level in the wake of the latest Federal Reserve interest rate hike. Amid t...
Alameda sells over $200M in stablecoins to exchanges; FTT token comprises majority of its $14B in assets
Arkham’s intelligence dashboard revealed that FTX’s sister company Alameda Research sold $284 million worth of stablecoins to crypto exchanges between Oct. 31 and Nov. 2, according to data analyzed by...
Gibraltar Will Focus on Stablecoins and DeFi Lending After Market Turmoil
Gibraltar Financial Services Commission (FSC) wants to bring decentralized finance lending and stablecoins into “sharp focus,” William Gracia, Head of distributed ledger technology (DLT) and markets a...
Stablecoins Renamed in Great Britain: Reports
Rishi was appointed as the Prime Minister of the United Kingdom in the last week of October 2022. Earlier Rishi was serving as finance minister of the U.K. Rishi Sunak was appointed as the Prime Min...
Stablecoins have a new name in Great Britain: Law Decoded, Oct. 24–31
The first full week under the leadership of the newly-elected Prime Minister Rishi Sunak saw a major landmark for crypto regulation in the United Kingdom. The Financial Services and Markets Bill, made...
Trading, Stablecoins, And What’s Inbetween
The post Trading, Stablecoins, And What’s Inbetween appeared first on Coinpedia Fintech News Crypto trading is a fascinating field, and it can be a lot of fun to try your hand at it. However, be...
The UK has a new name for stablecoins and a new bill to regulate crypto
The United Kingdom moved forward on the Financial Services and Markets Bill on Oct. 25, hardening its vision for Bitcoin (BTC) cryptocurrency and “digital settlement assets” in the country. The sugges...
Singapore proposes new regulations for stablecoins and crypto trading
Leading cryptocurrency haven Singapore is taking steps to increase regulation in the cryptocurrency industry. The regulatory body in charge of monetary policy, the Monetary Association of Singapore (M...
South Korean Regulator Plans to Look at Stablecoins’ Role in Money Laundering: Report
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Stablecoins Used to Fight Devaluation and Inflation in Latam – Coinotizia
According to Chainalysis, a crypto auditing and blockchain tracking firm, the use of dollar-pegged stablecoins is growing in Latam, specifically in Argentina and Venezuela, due to the common economic ...
Stablecoins Used to Fight Devaluation and Inflation in Latam – Emerging Markets Bitcoin News
According to Chainalysis, a crypto auditing and blockchain tracking firm, the use of dollar-pegged stablecoins is growing in Latam, specifically in Argentina and Venezuela, due to the common economic ...
A stablecoin’s rise in market share has ignited the ‘Second Great Stablecoin War’
FTX CEO Sam Bankman-Fried (SBF) said the rise of Binance stablecoin BUSD could spark the “Second Great Stablecoin War,” given how fast its market cap has surged over recent months. Bankman-Fried̵...
U.K. adds a New Amendment to Bill, Seeks to Regulate Stablecoins – crypto.news
On Friday, 21st October 2022, the U.K.’s Financial Services and Markets Bill publish an amendment paper to address the regulation of stablecoin. In the amendments paper, Andrew Griffith, member of pa...
MakerDAO on course to custody 1.1 billion USDC with Coinbase for rewards
MakerDAO, the issuer of the stablecoin DAI, appears set to move forward with a proposal to onboard an account to Coinbase prime and transfer roughly 33% of its USDC ($1.1 billion) into custody. a16z d...
Top 4 stablecoins gaining market dominance despite stagnant growth since May
The top four stablecoins — USDT, USDC, BUSD and DAI — recorded exponential growth throughout 2021 and the first three months of 2022, reaching a peak market cap of $160 billion. However, growth hit a ...
The US FDIC Decided To Alter The Banking System Through Stablecoins
Now the United States government is moving towards the adoption of the crypto world. The current chairman of the US Federal Deposit Insurance Corporation (FDIC), Martin Gruenderg, stated that the orga...
Stablecoins Could Massively Disrupt Traditional Banks, Says Acting Chairman of US Banking Regulator
A top US banking regulator thinks stablecoins could “fundamentally alter” the traditional banking sector based on historical precedent. In a new speech at the Brookings Institution, acting Federal Dep...
Stablecoins Go Hand In Hand With Fed Plans
The U.S. Fed has traditionally perceived cryptocurrencies, especially stablecoins, as systemically risky. Earlier this year, it was learnt that the Financial Stability Oversight Council is empowered w...