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Circle’s valuation doubles to $9B following revised merger agreement with Concord
17.2.2022
The Circle-Concord business combination will create a new company that plans to list publicly on the New York Stock Exchange
US Senate Banking Chief Criticizes Super Bowl Crypto Ads, Claims ‘Big Crypto Companies Are Desperate’
16.2.2022
The United States senator from Ohio and Senate Banking Committee chief Sherrod Brown is not a fan of cryptocurrencies. This week during Tuesday’s stablecoin hearing, Brown criticized all the cryptocurrency companies who advertised during the Super Bowl this past weekend and stressed that...
Fireblocks acquires stablecoin payments platform First Digital
16.2.2022
Fireblocks CEO Michael Shaulov said his company wants to “help every business become a crypto business,” referring to their ability to accept digital payments
Global Watchdog Points at Growing Force of Crypto with Another Usual Warning
16.2.2022
The Financial Stability Board (FSB), an international body that monitors and prepares recommendations about the global financial system, is increasingly ringing the alarm about crypto. The institution’s latest report claims that cryptoasset markets are rapidly evolving and could reach a point...
US Senators Fail to Find Stable Ground on Stablecoins
16.2.2022
Stablecoins are not used to pay for real-world goods or services, but are instead a speculative tool for the “shadiest part of the crypto ecosystem,” Democratic Senator Elizabeth Warren said during a hearing on stablecoins in the US Senate Banking Committee yesterday. Others, meanwhile, stressed...
US lawmaker introduces bill for government-backed insurance of 'qualified' stablecoins
15.2.2022
"For cryptocurrency to grow and thrive ... we must provide more direction and certainty to the marketplace ...,” said Josh Gottheimer
DeFi flashes early revival signs as retail and institutional inflows trickle in
12.2.2022
Inflows into the DeFi sector witnessed an uptick as the wider crypto market recovers and investor sentiment improves
MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST
11.2.2022
On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is...
Exchange stablecoin reserve hits $27B as Bitcoin rises toward $50K 'fair value'
10.2.2022
More stablecoins find their way to exchanges than ever before — where will they be deployed next?
Top Japanese bank MUFG introduces new stablecoin platform
10.2.2022
After many years of digital currency development, Japan’s largest bank MUFG has officially introduced its own stablecoin project
US House Hearing on Stablecoins and Crypto Reveals Sharp Divide on Approach to Regulation
9.2.2022
A hearing on stablecoin regulation in the US House of Representatives’ Financial Services Committee yesterday revealed strongly diverging views on both stablecoins and crypto more broadly among lawmakers on Capitol Hill....
Read More: US House Hearing on Stablecoins and Crypto Reveals Sharp...
Stablecoin Whale Domination — Tether Addresses Valued at $1M Own More Than 80% of USDT Supply
8.2.2022
As the market capitalization of the stablecoin tether nears $80 billion, with its current $77.9 billion valuation, data from onchain researchers at Santiment indicates that tether addresses valued at $1 million own more than 80% of the entire supply. Tether’s Whales Command More Than 80%...
Metaverse Regulation, Alchemy Raises USD 200M, Stablecoin Hack + More News
8.2.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Metaverse Regulation, Alchemy Raises USD 200M, Stablecoin Hack + More News
US lawmaker pushes for state-level regulations on stablecoins at hearing on digital assets
8.2.2022
Patrick McHenry implied that for the U.S. to regulate stablecoins with a “single regulator at the federal level” would likely not be a success
Polygon stablecoin QiDAO exploited for $13M on Superfluid vested contract
8.2.2022
Early information suggested that the stolen funds belonged to some of the early backers of the project and included team vested tokens
Stablecoin Economy Continues to Balloon as USDC’s Market Cap Crosses $50 Billion
4.2.2022
As the entire lot of 12,333 digital currencies hovers just above $1.8 trillion in value, the stablecoin economy has recently swelled to $178.8 billion or 9.9% of the entire crypto economy. Out of the top five stablecoins, usd coin (USDC) saw its market capitalization jump the most, increasing 18.9%...
New gold-based stablecoin by trading giant Mitsui reportedly on the way
4.2.2022
Mitsui is reportedly planning to launch its gold-pegged stablecoin ahead of DCJPY, another major Japanese stablecoin project
Silvergate Capital Purchases Diem Operations to Develop Own Stablecoin
3.2.2022
Silvergate Capital, an investment firm that is the parent company of the Silvergate Bank, acquired the technology and assets of Diem, the formerly Facebook-backed stablecoin payment system. The payment totaled $182 million. The technology and assets acquired will reportedly be used for the launch...
Vale Diem: How Facebook’s ambitious stablecoin project came to an end
2.2.2022
It only took Libra/Diem two years to come full circle from publishing its white paper to falling apart
Diem stablecoin co-founder praises Bitcoin for censorship resistance
2.2.2022
Meta’s Diem co-creator David Marcus said that he was a “big fan of Bitcoin,” calling it digital gold back in 2019