After a faint glimmer of hope, the crypto market turns red again. The price of bitcoin sank 5.5% in the past 24 hours. Ether ETH eum’s price is down 5.8%, XRP XRP 4.7%, cardano 5.1%, dogecoin 7.6%, BN...
Tag: Stablecoins
President’s speech on stablecoins- The Cryptonomist
The President and CEO of the Federal Reserve Bank (Fed) of New York, John C. Williams, delivered a speech on the technological transformation of digital payments, commenting mainly on stablecoins, CBD...
UK Treasury Strengthens Regulations Around Stablecoins Following UST Collapse
In response to the recent collapse of controversial crypto project Terra, Britain is looking into ways to ensure stablecoins don’t threaten their wider financial system. Her Majesty’s Treasury printed...
Stablecoins No Longer Stable – DEI Loses Its Peg, Falls Below $0.4 » NullTX
Imagine waking up and finding out that you’ve lost over 60% of your supposed savings. Last month, Investors lost more than 99% of their savings in the UST-LUNA collapse, which shook the entire Crypto ...
Bank of England wants to be able to control stablecoins
The BoE announced yesterday that it would step in in the instance that a stablecoin issuer was showing signs of collapse that might have repercussions for the UK financial system or significant conseq...
Treasury Consults on Bank of England Supervising Stablecoins – Trustnodes
The British government has joined a debate on stablecoins with a fairly holistic framework that is now open to public consultation. “The government anticipates broadening the definition of a payment s...
UK Finance Ministry Proposes Safety Net Measures against Stalling Stablecoins
Britain’s finance ministry has announced plans for adapting existing regulations to mitigate any collapse of major stablecoins, like the case of TerraUSD that happened two weeks ago. In a consultation...
UK Wants to Give Central Bank More Power to Oversee Stablecoins after UST Crash
Yuri Molchan UK government wants to empower BoE to oversee administration of companies whose stablecoins have failed Contents Amending legislation to address stablecoin-related risks Tougher regulatio...
UK Aims To Regulate Stablecoins After Collapse Of TerraUSD
As the cryptocurrency recovers from the TerraUSD massive crash, major countries move toward evolving laws to prevent such future events. The United Kingdom (UK) has come forward to propose Auxillary s...
UK plans new safeguards for stablecoins after Terra collapse
The world’s biggest stablecoin, tether, saw more than $10 billion in redemptions in May, fueling fears of a 2008-style “bank run.” Justin Tallis | AFP via Getty Images Britain wants ...
Stablecoins Face U.K. Regulation Following UST Collapse
Key Takeaways The U.K. government wants to address the risks associated with stablecoins. A new consultation paper argues that existing regulatory regimes can be applied to unregulated digital payment...
‘Doomed To Collapse’—Ethereum Creator Blasts These Cryptos As Price Of Bitcoin, Ethereum, BNB, XRP, Terra’s Luna, Solana, Cardano, Dogecoin Turn Mixed
After eight consecutive weeks of red candles, we’re starting to see some signs of a potential recovery. The price of bitcoin soared 7.8% over the past week. XRP is up 3.1%, cardano 27.4%, dogecoin 3.5...
Stablecoins Are The Future Of Remittances, Says MoneyGram CEO
In recent years, major corporations have been looking for ways to incorporate cryptocurrencies into their operations. So naturally, these companies want the benefits of blockchain without having any r...
Are Stablecoins Really Stable? – crypto.news
Stablecoins are designed to maintain a steady value throughout a transaction. However, the collapse of Terra has cast doubt on the future of all stablecoins. After depegging its value, it crashed to a...
Vitalik Buterin’s Take on Algorithmic Stablecoins Following Terra Fiasco
Vitalik recently shared his thoughts on the future of algorithmic stablecoins in the wake of TerraUSD’s failure. While he believes that skepticism and scrutiny of existing protocols is “highly welcome...
Here’s Ethereum co-founder’s take on algorithmic stablecoins
Ethereum’s Vitalik Buterin has offered two thought experiments on how to establish whether an algorithmic (algo) stablecoin is feasible in the long term. On 25 May, Buterin remarked that increased exa...
How to create algo stablecoins that don’t turn into Ponzis or collapse
Ethereum co-founder Vitalik Buterin has shared two thought experiments on how to evaluate whether an algorithmic (algo) stablecoin is sustainable. Buterin’s comments were sparked by the multi-billion ...
Ethereum founder Vitalik Buterin sees potential for algorithmic stablecoins
? Want to work with us? CryptoSlate is hiring for a handful of positions! Ethereum founder Vitalik Buterin has been in a contemplative mood recently. After posting a series of “open contradictions” in...
Brainard tells House committee about potential role of CBDC, future of stablecoins
United States Federal Reserve vice chair Lael Brainard submitted a written statement in advance to the Financial Services Committee’s virtual hearing, “On the Benefits and Risks of a U.S. ...
Ethereum (ETH) Creator Vitalik Buterin Says Algorithmic Stablecoins Shouldn’t Be Dismissed
Ethereum (ETH) founder Vitalik Buterin is weighing in on the future of automated stablecoins as the dust settles after the collapse of TerraUSD (UST) earlier this month. In a new blog post, Buterin st...
‘More Systemic Risk’—The Stablecoin Fallout Could Be Just Starting As The Price Of Bitcoin, Ethereum, Terra’s Luna, Solana, Cardano, XRP Sink
The crypto market is covered in red again. This week the price of bitcoin price fell 2.4% and ethereum’s price is down 5.0%. Cardano ADA fell 9.8%, XRP XRP lost 6.14%, and solana slumped 12.4%. Meanwh...
Stablecoins could be a ‘meaningful’ payments system risk
As cryptocurrencies become a heated topic of discussion across industries, worldwide, and in various jurisdictions, the United States Federal Reserve continues to address issues, particularly around s...
Terra Luna Meltdown: Lessons For The Future Of Stablecoins
– Advertisement – The past two weeks have been a rollercoaster for crypto enthusiasts. One of the most praised projects, Terra Luna (Luna hereafter), a platform that issues an algorithmic ...
IMF: implosion risk for non-collateralized stablecoins
International Monetary Fund (IMF) Director Kristalina Georgieva recently warned against less robust crypto projects and improperly collateralized stablecoins. Georgieva represents the IMF at the World...
Post UST’s depegging fiasco, data seems to suggest returning interest in stablecoins
Stablecoins, in general, suffered immensely post the TerraUSD (UST) de-pegging event. This event saw UST drop from its once-stable $1 parity to today’s $0.06 per UST. Now, to refill that lost trust, t...
Will the Government Implanted CBDCs & Stablecoins Aim to Kill the Crypto Space in the Near Future?
It is a known fact that the infamous Real-Estate bubble in 2008 that destabilized the financial system led to the idea of a parallel economy. Further, it gave birth to a digital financial ecosystem ca...
Stablecoins continue to struggle- The Cryptonomist
At this time, many stablecoins managers are trying to dispel the doubts raised by the UST case as to their real solvency. Are stablecoins solvent enough? In particular, it is the managers of collater...
VCs Backing Away, Regulators Jumping on Stablecoins
Don’t miss CoinDesk’s Consensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Good morning. Here’s what’s happening: Prices: B...
Top Stablecoins Shed $7B In May
Stablecoin holders are trading their tokens for cash, now and again lessening the coins’ general stockpile Tie and DAI have contracted the most all through May up to this point Top four stablecoins by...
Stablecoins May Not Be Part of SEC’s Jurisdiction, Commissioner Peirce Says
The recent havoc in the crypto market wreaked by Terra’s collapse has put stablecoins under the spotlight again. As of now, the next move by America’s top financial watchdog (the Securities and Exchan...
UK Treasury Plans To Go Ahead With Legalizing Stablecoins Despite TerraUSD Debacle ⋆ ZyCrypto
Advertisement     In April, the UK had revealed plans to become a crypto hub and legalize stablecoin payments. Following last week’s events, many had thought that Her ...
Three Metrics Suggest a Key Trend on Stablecoins Following Terra UST Collapse
The Terra ecosystem collapsed earlier this month, with the LUNA token plunging to zero after the UST stablecoin lost its peg. The contagion risk subsequently spread to the stablecoin landscape. ? #Sta...