Republicans on the House Financial Services Committee requested the Department of Justice share its assessment of a potential central bank digital currency, the lawmakers announced on Wednesday. Senio...
Tag: Stablecoins
VIDEO: Tether CTO Paolo Ardoino, “dollar stablecoins can help the developing world”
I love Bitcoin. Having said that, its volatility is extreme and prevents it being anything remotely close to a store of value – for now, at least. I spoke with the CTO of Tether, Paolo Ardoino, on the...
Stablecoins Add ‘Novel Vulnerabilities’ to Crypto, Financial Stability: NY Fed
The rapid growth of the decentralized finance (DeFi) sector is fraught with several challenges, including run risks among major stablecoins, according to a new report by the Federal Reserve Bank of Ne...
Former SEC Chair Jay Clayton Says Crypto Regulation Must Start With Stablecoins
The former head of the U.S. Securities and Exchange Commission (SEC) says the best place to start regulating crypto is the stablecoin sector. In a new CNBC interview, former SEC chair Jay Clayton disc...
Halal Gold Stablecoins Offer Gram-By-Gram Hedge Against Finance Maelstrom
Sharia-compliant stablecoins meld technology, precious metals and ethics. getty It may sound like risk-off overkill, but if you wanted to take a belt-and-suspenders approach to protecting some of your...
Terra’s Collapse Destroyed Faith in Stablecoins. Can Maker Restore It?
DAI never says die. Some have called DAI’s over-collateralized design capital-inefficient, but one of MakerDAO’s protocol engineers says that’s why DAI has become the largest, longest-running de...
DOJ objects to Celsius plans to reopen withdrawals and sell stablecoins
The Department of Justice (DOJ) has submitted an objection to Celsius’ motion to reopen withdrawals for select customers and sell its stablecoin holdings. The DOJ is asserting that the state of Celsiu...
VeChain Holds $535 Million Reserves In Bitcoin, Ethereum, VET, And Stablecoins
– Advertisement – VeChain asserts that it has a strong balance sheet. Leading enterprise blockchain VeChain shared its Q2 financial report on Friday as part of its commitment to transpar...
Trade Activity Shows Ethereum Whales Are Seeking Refuge In Stablecoins
For a while now, Ethereum whales have been moving their coins around. This has been a direct result of the bear market that has caused investors to lose a significant amount of their portfolios. Even ...
State Securities Regulators Object to Celsius’ Court Motion to Sell Stablecoins – Coinotizia
As Celsius’ bankruptcy proceedings continue, the court’s trustee William Harrington appointed an examiner on Thursday in order to review the company’s finances, according to a filing submitted on Sept...
State Securities Regulators Object to Celsius’ Court Motion to Sell Stablecoins – Bitcoin News
As Celsius’ bankruptcy proceedings continue, the court’s trustee William Harrington appointed an examiner on Thursday in order to review the company’s finances, according to a filing submitted on Sept...
Philippine Central Bank Thinks Stablecoins Could ‘Revolutionize’ the Payment System
Mhel Plabasan – a top executive at Bangko Sentral ng Pilipinas (the central bank of the Philippines), said the institution is highly in favor of stablecoins as they can aid the monetary system and ens...
USDC Multichain growth includes stablecoins on five more networks.
On September 28, at the Converge22 conference happening this week in San Fransico, the USDC Circle publicized that stablecoin will be introduced to five more networks. The network that will be include...
Are Stablecoins Stable Enough to Be Trusted?
Many would-be players get turned off by the tremendous wave of volatility. That is until stablecoins appeared. Stablecoins, like all cryptocurrencies, are digital assets. Stablecoins attempt to tie th...
CBDCs are not needed. Bitcoin and stablecoins can do the…
The Bitcoin Policy Institute published a white paper on Tuesday arguing that surveillance tools in the form of CBDCs would destroy freedoms and are not necessary. A surveillance tool Authors of the pa...
Stablecoins can now be issued on the Bitcoin network
Wednesday saw important news regarding the Lightning Network, the second-layer network that should make Bitcoin effectively scalable, a new version of Taro, a new software that will allow Bitcoin deve...
Crypto Sends Unprecedented Bullish Signal As Price Of Bitcoin, Ethereum, BNB, XRP, Solana, Cardano, Shiba Inu, And Dogecoin Blast Higher
bitcoin, crypto prices Getty Images Crypto prices are lately behaving in a way that they haven’t for a long time. In the past week, all major stock benchmarks were deep in the red. The S&P 500 cra...
Luna Foundation Guard denies reports it moved bitcoin
The Twitter account for Singapore-based non-profit Luna Foundation Guard (LFG) refuted a CoinDesk report and denied the creation of wallets after May 2022. “LFG hasn’t created any new wallets or moved...
Fed: it is necessary to regulate DeFi and stablecoins
Yesterday, the Chairman of the US central bank (FED), Jerome Powell, said he believes it is now necessary to regulate cryptocurrencies and stablecoins. According to the FED, stablecoins need regulati...
Powell, Lagarde Urge More Regulation for DeFi and Stablecoins
Christine Lagarde of the ECB, the Federal Reserve’s Jerome Powell, and BIS general manager Agustin Carstens attended an online panel hosted by the Bank of France on Tuesday to share their though...
Stablecoins: What is USDT? – Coindoo
Since the emergence of stablecoins, cryptocurrency trading has become more accessible to traders for the simple fact that they now have a fiat point of reference for these internet assets. And Tether ...
Acala Resumes Operations After Printing Over $3B in Stablecoins
Acala developers almost killed their own project by mistake They are reviving it with the help of the community The protocol has already managed to recapitalize and rebalance Acala Swap’s liquidity Ot...
Terraform Labs Founder Do Kwon says he’s ‘making zero effort to hide’
Do Kwon doesn’t seem too stressed that he’s wanted by authorities. “I’m writing code in my living room hbu,” the Terraform Labs founder replied to a user on Twitter. When asked about his t...
Fed Chair Jerome Powell Details Views on Crypto, Stablecoins, DeFi and CBDCs, Says He Favors Responsible Innovation
The Chairman of the Federal Reserve says he favors responsible innovation in the world of crypto assets. In a new video speech given at an international crypto conference, Fed Chair Jerome Powell deta...
Acala Resumes Operations After Printing Over $3B in Stablecoins by Mistake
Some blockchain projects have to deal with hackers, and others, like Acala, have to deal with their own developers. A “human error” a few weeks ago almost killed the whole project. Still, thanks to th...
Terra LUNA Price drops as House Bill may ban Stablecoins like “TerraUSD”
Join Our Telegram channel to stay up to date on breaking news coverage The fall of Terra was an eye-opener for many. The “algorithmic” generation of crypto assets has been equated to creating money ou...
US regulators might ban TerraUSD and other algorithmic stablecoins for up to two years
Join Our Telegram channel to stay up to date on breaking news coverage The interest in cryptocurrencies has been growing in the US for years, and it certainly skyrocketed during 2020 and 2021, when th...
Washington is too obsessed with cryptocurrencies, CFPB director says
Consumer Financial Protection Bureau Director Rohit Chopra sees stablecoins as a rapid growth area that regulators will need to monitor for risks to the rest of the financial system. “A stableco...
Two-Year Ban on Algorithmic Stablecoins?
Two-Year Ban on Algorithmic Stablecoins?Stablecoin Bill seeks Fed and State Regulatory ApprovalSeptember 22, 2022The House Financial Services Committee to vote next week on a bill regulating stablecoi...
“Finalized” EU MiCA Crypto Regulation Seeks To Police NFTs And Algorithmic Stablecoins ⋆ ZyCrypto
Advertisement     A finalized text of the Markets in Crypto Assets (MiCA) legislation now seeks to bring Non Fungible Tokens (NFTs) and algorithmic stablecoins under i...
JPMorgan CEO Jamie Dimon Calls for Proper Regulation of Stablecoins
At a recent Congressional hearing, Jamie Dimon expressed support for proper regulation of stablecoins while castigating other crypto assets. According to JPMorgan chief executive Jamie Dimon, stableco...
Latest Draft of US Crypto Law Would Temporarily Ban Terra-Like Stablecoins
Leaders of the House Financial Services Committee continue to negotiate the terms of a proposed bill to regulate cryptocurrency, even as the window to act draws increasingly narrow heading into the mi...