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Luna Foundation Guard raises $1B to form UST reserve denominated in Bitcoin
22.2.2022
Terra said it chose to denominate the Forex Reserve in Bitcoin because it considered the crypto asset "less correlated to the Terra ecosystem."
Fireblocks to Acquire Crypto Payment Platform for a Reported $100 Million
20.2.2022
Digital asset custody service provider Fireblocks has announced it will acquire First Digital, a fellow Israeli company, for $100 million. The acquisition, which is said to be Fireblocks’ first, comes less than three weeks after the company revealed it raised $550 million in Series...
Wyoming lawmakers introduce legislation for state-issued stablecoin
18.2.2022
Avanti Financial CEO Caitlin Long said the bill had its own pros and cons, but it was “definitely a conversation-starter” for lawmakers exploring stablecoins
Helium Mounts Unicorne, DeFi & Metaverse ETFs, Crypto Executive Order + More News
18.2.2022
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: Helium Mounts Unicorne, DeFi & Metaverse ETFs, Crypto Executive Order + More News
Terra injects 450M UST into Anchor reserve days before protocol depletion
18.2.2022
The move is designed to maintain the stablecoin savings protocol's lucrative yield of approximately 20% per annum
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.
__________...
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