Speaking at the Qatar Centre for Global Banking and Finance’s annual conference, Cunliffe said recent events have delayed plans a bit. He’s likely referring to the last 24 hours, when Treasury chief R...
Tag: Stablecoins
Federal Reserve discusses CBDCs, stablecoins, and crypto
The United States Federal Reserve has published a note related to a recent conference, saying that most experts believed that a US central bank digital currency (CBDC) would have zero impact on the gl...
Argentina Runs to Stablecoins Amidst Political and Economic Uncertainty – Economics Bitcoin News
Citizens of Argentina are hedging their savings by using stablecoins amidst the recent climate of uncertainty created by the resignation of certain key members of the government. The minister of econo...
Fed conference hears stablecoins may boost USD as global reserve currency
A note published by the United States Federal Reserve on a recently held conference found a majority of exports believe a U.S. dollar central bank digital currency (CBDC) would not drastically change ...
Stablecoins Becoming Attractive To Argentines After Economy Minister Quits
Stablecoins are now drawing the attention of people in Argentina after a top cabinet official resigned. As a result of the departure of Argentina’s economy minister in the face of a continuing economi...
Institutions short Tether amid concerns over stablecoin’s reserves
Short selling on the USDT stablecoin has increased despite Tether assuring the community that its reserves are fully backed. The Chief Technology Officer at Tether, Paolo Ardoino, had posted a thread ...
Argentina’s Minister Resignation Surged The Prices Of Stablecoins
On Saturday, July 2, 2022, The Argentinian Economy Minister, Martin Guzman, resigned from his post, and the price of dollar-pegged stablecoins surged across the exchanges. According to sources, this s...
Argentinians Seek Shelter in Stablecoins after Economy Minister Resignation
Argentinians have taken refuge in stablecoins after the nation’s economy minister Martin Guzman resigned over the weekend attributed to the financial crisis crushing the South American country, report...
Stablecoins become a hedge against inflation in Argentina
The crypto winter is hitting each nation differently. Some people are losing hope in cryptocurrency, while others see it as a means of survival. And that’s true in Argentina, which has seen a spike in...
EU Agreement on MiCA May Not Favor Stablecoins
After much deliberation and compromises from the European Commission, Assembly, and Council, a final agreement that builds the comprehensive framework for the digital currency ecosystem has finally be...
UK, US eye central bank digital currencies and stablecoins in London meeting
The United Kingdom and the United States huddled in London this week to discuss crypto and digital asset regulation, ahead of a financial working group meeting between the two nations later this month...
US-UK FIP June Meeting Signals Countries’ Interest In Digital Assets & Stablecoins ⋆ ZyCrypto
Advertisement     The US-UK Financial Innovation Partnership held its third Regulatory Pillar meeting on 29 June. Both countries’ representatives met in London to disc...
CBDCs and Stablecoins center discussion between US and UK; signs of regulations ahead?
Since the emergence and later wide adoption along with increasing acceptance of crypto assets, regulations remain one of crucial requirements On Wednesday, 29th June, two prominent countries and econo...
Stablecoins put on notice as EU lawmakers agree on landmark MiCA framework
European Union (EU) lawmakers reached a political agreement on June 30 for crypto-asset regulation. The final trialogue covered supervisory architecture, AML provisions, and stablecoins policy, among ...
EU agrees on MiCA regulation to crack down on crypto and stablecoins
Officials from the European Union have agreed on a landmark law that will make life tougher for crypto issuers and service providers under a new single regulatory framework. Stefan Berger, European P...
CryptoQuant CEO: ‘Stablecoins On Exchanges Now Worth Half of Bitcoin Reserves, Time To Deploy Stablecoins to Buy BTC’
– Advertisement – CryptoQuant CEO Says It’s Time to Buy Bitcoin (BTC) As Stablecoin Volume On Exchanges Surges. The CEO of a leading cryptocurrency analytics company is confident that cryp...
State of Bitcoin & Stablecoins in The Crypto Crash 2022
Bitcoin has fallen roughly 70% from its spike of $68,000, and it may fall even more. Meanwhile, while many investors predict a Bitcoin bottom, others seem to have exited the market due to the fear of ...
Terra Labs Had $3.6 Billion Worth of Stablecoins that Might Have Been Used to Manipulate Prices
The study, which was a collaboration between CoinDesk Korea and blockchain security firm Uppsala Security, used on-chain data forensic methods to look into Terra’s collapse following the incident on M...
Cathie Wood Does Not Understand Algorithmic Stablecoins
The recent crypto slump may have left many investors shaken in fear, as bad news like major crypto firms falling prey to liquidity crisis and exchanges drastically cutting headcounts continue occupyin...
VeChain To Launch A New Kind Of Inventory Monetization System Combining Stablecoins, Web3 And NFT Technology
– Advertisement – VeChain (VET) Partners with Supply ME Capital to Launch a Web3 Inventory Monetization System This Year. Leading blockchain project VeChain Foundation has announced a stra...
The SEC’s Chair Makes Game-Changing Crypto Statement As Price Of Bitcoin, Ethereum, BNB, XRP, Terra’s Luna, Solana, Cardano, Dogecoin Turn Mixed
Uncertainty continues to torment crypto investors. After last week’s dip, the crypto market turns mixed. The bitcoin price is down 3% to just under $20,300 while ethereum’s price is up 3% to $1,160. B...
Cathie Wood’s Take On Future Of Algorithmic Stablecoins
Cathie Wood, CEO of Ark Invest, said there is no stopping the crypto revolution despite the ongoing downturn in the space. She said the revolution around crypto is underway and it will not be stopped....
Terra Labs had $3.6 billion in stablecoins potentially used for price manipulation, study shows
Amid accusations that the widely publicized collapse of the algorithm-based stablecoin project TerraUSD (UST) was an inside job, Do Kwon’s company Terraform Labs is facing new allegations, including h...
European Union Plans to Ban Interest Payments on Deposits in Stablecoins
Gamza Khanzadaev European lawmakers will hold final discussion of bill on regulation of cryptocurrencies on June 30 The European Union is preparing to ban cryptocurrency platforms from charging intere...
Regulators may favor centralized stablecoins after Terra crisis
Swiss National Bank Deputy Head Thomas Moser talked to Cointelegraph editor Aaron Wood and discussed the ongoing trends in central bank digital currencies (CBDCs), stablecoins and regulations during t...
China’s BSN chair calls Bitcoin Ponzi, stablecoins ‘fine if regulated’
Amid the Chinese government continuing to celebrate the massive decline of cryptocurrency markets this year, one key local blockchain expert has referred to crypto as a Ponzi scheme. Yifan He, CEO of ...
USDC vs USDT: the differences between the two stablecoins
USDC and USDT are the two main stablecoins available in the crypto markets today. Both are 100% collateralized in US dollars, and convertible at par, but they have different histories behind them. Th...
CBDC may threaten stablecoins, not Bitcoin: ARK36 exec
Central bank digital currencies (CBDCs) do not pose any direct threat to cryptocurrencies like Bitcoin (BTC) but are still associated with risks in relation to stablecoins, one industry executive beli...
Stablecoins: How Do They Work? Best Stablecoin Interest Rates
Stablecoins are a category of cryptocurrency. They have become very popular in recent years, owing to certain characteristics which set them apart from other crypto coins and tokens. Stablecoins, as ...
‘They Will Be Higher Than Today’—Blackrock Issues Bullish Crypto Prediction As Price Of Bitcoin, Ethereum, BNB, XRP, Terra’s Luna, Solana, Cardano, Dogecoin Turn Mixed
After a brief recovery from the last two week’s bloodbath, the crypto market turns mixed. This week, the bitcoin price dipped 2.9% to just over $20,100. Ethereum’s priceETH is down 4.5%. On the bullis...
Battle Of The Stablecoins: USDC Transactions On Ethereum Surpass USDT
With the crypto market crash has come a renewed interest in the cover that stablecoins provide investors. As a result of this, crypto investors had flocked to stablecoins such as USDT, BUSD, USDC, etc...