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After Huobi Delisting Stablecoin HUSD Falls 72% From Dollar peg
31.10.2022
The once popular HUSD stablecoin has fallen dramatically from its $1 peg, dropping to a low of $0.34 after crypto exchange Huobi announced that it delisted the asset on Friday
Stablecoin HUSD Continues to Trade Below $1 Parity as Token Taps an All-Time Low at $0.72
30.10.2022
After Huobi Global announced that it would be delisting the stablecoin HUSD and auto-converting customer balances 1:1 with tether tokens, the stablecoin asset has dropped significantly in value sliding to a low of $0.72 per unit. HUSD Remains Below the $1 Peg Another stablecoin is struggling...
A Committee of Celsius Creditors Objects to Celsius Selling Its Stablecoin Cache
29.10.2022
A committee of unsecured creditors stemming from the Celsius bankruptcy case has filed a motion with the court to stop the now-defunct crypto lender from selling the company’s stablecoin holdings. The written protest by the group of creditors against the sale follows objections from a slew...
Sam Bankman-Fried of FTX Announces Plans to Launch Stablecoin
28.10.2022
FTX CEO Sam Bankman-Fried has confirmed that the crypto platform is working on launching its own stablecoin.
In an interview with The Big Whale, Bankman-Fried said "it is very likely" FTX will launch a stablecoin, joining most other major exchanges in having launched a crypto token whose value...
Huobi Global to Delist HUSD — Stablecoin Slips Below $1 Parity to $0.89
28.10.2022
On Thursday, the cryptocurrency exchange Huobi Global announced that the trading platform plans to delist the stablecoin HUSD and the delisting will begin at 08:00 (UTC) on October 28, 2022. Furthermore, users with HUSD held on the exchange will see their balances auto-converted to the stablecoin...
First Mover Americas: Bitcoin Turns South Toward $20K, Huobi Cuts Ties With the HUSD Stablecoin
28.10.2022
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 28, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Stablecoin Issuer Frax Finance Unveils Ether Staking Service With a Dual Token Model
28.10.2022
Frax's dual token model will simplify DeFi integrations and supposedly allow users to earn above-average ether staking yields
Crypto Exchange Huobi Delists Its HUSD Stablecoin
27.10.2022
Huobi has been closely linked with the relatively minor HUSD stablecoin since its launch in 2018
UK Stablecoin Rules Approved by Lawmaker Committee
27.10.2022
Rishi Sunak’s government said it wants to “tentatively seize” crypto opportunities as it prepares to widen the regulatory net
Crypto Exchange FTX Is Working on Creating a Stablecoin: Report
27.10.2022
Cryptocurrency exchange FTX is working on developing and issuing a stablecoin, CEO Sam Bankman-Fried said in an interview with The Big Whale
Stablecoin Issuer Circle Bullish on European Union After Crypto Asset Law Proposal
27.10.2022
The US-based stablecoin issuer Circle is turning bullish on the crypto industry in European Union (EU), calling the Markets in Crypto Assets (MiCA) law “a regulated path for stablecoins in Europe.”
Speaking at the Blockchain for Europe Summit in Brussels, Belgium on Tuesday, Patrick Hansen...
BitPay to introduce USDC and ETH payments on Polygon network
26.10.2022
Polygon-bridged cryptocurrencies like Ether, USDC, DAI and Wrapped Bitcoin are coming to BitPay later this week
Monetary Authority of Singapore May Introduce Risk Test Before Permitting Cryptocurrency Trading
26.10.2022
Source: AdobeStock / martinhosmat083 Singapore’s retail investors may have to take a risk awareness test to be allowed to trade crypto, in order to ensure that they have sufficient knowledge of the risks involved.  Citing two consultation papers published on Wednesday, the CNA reported...
The UK has a new name for stablecoins and a new bill to regulate crypto
26.10.2022
The proposal is another ripple of recognition for the Bitcoin, crypto and digital assets industries in the United Kingdom
Singapore MAS proposes to ban cryptocurrency credits
26.10.2022
Crypto service providers should not provide any credit facility or accept payments from credit cards from their customers, the MAS suggested
Singapore Central Bank Proposes Stablecoin Rules to Reign in Crypto Sector
26.10.2022
In a separate document, the Monetary Authority of Singapore said it's also considering measures to limit retail investors without access to professional advice from engaging in crypto markets
MakerDAO community votes to approve custody of $1.6B USDC with Coinbase
25.10.2022
The MakerDAO community will earn a 1.5% reward on its USDC while holding funds with Coinbase Prime
KPMG & Aspen Digital Study Reveals Wealthy Asian Investors Are Keen On Crypto
25.10.2022
“Big four” accounting firm KPMG and technology and financial services company Aspen Digital found that family offices (FO) and high-net-worth individuals (HNWIs) in Hong Kong and Singapore "have embraced" the digital asset class, with more than 90% of survey respondents having already invested...
EU Stablecoin Caps Could Lighten or Get Tougher, French Official Warns
25.10.2022
Limits on stablecoins not denominated in euros were among the most controversial elements of the European Union’s Markets in Crypto Assets law
Near Foundation sets up $40M fund to bail out USN investors in case of collapse
25.10.2022
The program was launched after Decentral Bank, the issuer of NEAR-native stablecoin USN, raised concerns about the stablecoin depegging due to algorithmic failure