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EURST Stablecoin – The Cost of Answering the Call of the Economic Times
9.12.2020
The technological developments brought about by the invention of blockchain, bitcoin, and cryptocurrencies are rapidly transforming the financial landscape with the nascent industry failing to fit any conventional classification to become an asset class of its own. Stablecoins Are the Solution...
JPMorgan exec: Softer stance on Bitcoin but we've always been pro-blockchain
8.12.2020
Banking executive says JPMorgan has been active in blockchain for a while
Algorithmic stablecoin project Neutrino launches staking for its governance token
8.12.2020
The Waves-backed project will share a portion of protocol fees with NSBT holders
Huobi’s HUSD Stablecoin to Run on Nervos Blockchain
8.12.2020
China's Nervos picks Huobi's HUSD as the first available stablecoin on its blockchain amid a DeFi boom in China
Facebook hopes to launch its crypto and wallet in 2021, top exec says
8.12.2020
The social media giant has rebranded in hopes of scoring regulatory approval
German government unimpressed by Facebook stablecoin's rebrand
7.12.2020
German finance minister says “A wolf in sheep's clothing is still a wolf.”
Biden team will boost crypto's role in US infrastructure, says Circle CEO Allaire
7.12.2020
Allaire also sees political moderation as the best scenario for continued crypto development
US Representatives Add Digital Currencies to the 2021 Defense Bill
6.12.2020
The United States government is preparing to pass the 2021 National Defense Authorization Act (NDAA) and the latest bill includes a broad definition of currencies and includes “digital currencies.” However, after more than 50 NDAA bills passed, President Donald Trump plans to veto...
Trading Exchange Okex’s Crypto Reserves Nosedived After Withdrawals Opened
6.12.2020
Just recently, after the exchange paused cryptocurrency withdrawals, the trading platform Okex finally enabled digital currency withdrawals last Wednesday. Since then, the exchange seems to be experiencing an exodus of funds leaving, as onchain data shows Okex’s crypto-asset reserves like...
Testnet of Facebook’s Much Vaunted Stablecoin Only Executes 6 Transactions per Second
5.12.2020
The Facebook fronted stablecoin, Diem (formerly Libra)’s dismal testnet results undercut the assertion that the digital currency is a threat to global financial stability. This is the conclusion that can be deduced from a Diem blockchain explorer update which shows the network only processes...
Facebook’s Diem stablecoin is an existential threat to traditional banking
5.12.2020
Stablecoins are an integral part of the future of the financial system. And Facebook’s Diem, formerly Libra, is part of that future
Congresspeople speak out against Tlaib's anti-stablecoin bill
5.12.2020
But the bill is unlikely to become law any time soon
Coin Center Donations Top $100K Worth of Dai Following Anti-Stablecoin Bill Proposal
4.12.2020
Donations in dai, USDC, and ether were sent to Coin Center via Gitcoin
Law Decoded: New threats to self-custody take shape in the US, Nov. 27-Dec. 4
4.12.2020
Tentative clampdowns coming from both the Treasury and the House in the United States lead this week's Law Decoded
New Draft U.S. Law Will Make It Illegal To Issue Stablecoins Without Federal Reserve Approval
4.12.2020
Three U.S. lawmakers have introduced a bill that will force private stablecoin issuers to obtain a banking charter (or license) and approval from the Federal Reserve before they can issue a stablecoin. Instigated by Rep. Rashida Tlaib, with support from Reps. Jesús García and Stephen...
Though centralized, a digital yuan is too big for China to surveil, says Cypherium CEO
3.12.2020
Despite ambitions of overtaking the dollar, China's central bank will have a hard time monitoring all the transactions involved in a CBDC, though commercial banks might lend a hand
Why Stablecoins Are the First Battleground of the Coming Crypto Regulation Wars
3.12.2020
The STABLE Act would force all stablecoin issuers to have bank licenses, a shot across the bow that portends an emerging legal challenge for the industry
US Lawmakers Introduce Bill That Would Require Stablecoin Issuers to Obtain Bank Charters
2.12.2020
Rep. Rashida Tlaib, Rep. Stephen Lynch and Rep. Jesus Chuy Garcia have introduced a bill that would require stablecoin issuers to secure bank charters and either obtain FDIC insurance or maintain full reserves to operate in the U.S
Visa Makes Stablecoin Push With Circle’s USDC
2.12.2020
Leading payments card company Visa is making a push into the red-hot stablecoin segment and has chosen USD Coin (USDC) for the job.
Visa has paved the way for blockchain startup Circle’s Ethereum-based USDC to join its mega payments network, which reaches tens of millions of merchants...
Russian central bank opposes ruble-pegged stablecoins
2.12.2020
Russia wants to follow China’s approach of banning private stablecoins pegged to its national fiat currency