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Tencent Reportedly Building Digital Currency Business Unit + More News
24.12.2019
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Adoption news
Chinese internet giant and WeChat operator Tencent is reportedly putting together a digital currency research team....
PBOC Official: China’s Digital Yuan Won’t Be a Speculative Currency Like Bitcoin
23.12.2019
According to recent statements by People’s Bank of China (PBOC) official Mu Changchun, the country’s digital yuan is ready for trials. The central bank digital currency (CBDC) will decidedly not be a speculative asset like bitcoin or stablecoins, and will not need a currency basket...
Circle Sells OTC Desk to Kraken to Focus On Stablecoin
18.12.2019
Circle sells over-the-counter desk Circle Trading to Kraken in continued reductions at the firm, which says it is all part of honing in on stablecoin work
Circle Pivots to Stablecoin Platform as More Execs, Teams Depart
17.12.2019
Circle will focus on its stablecoin business next year, following the sale of its OTC desk to Kraken and the departure of its chief financial and legal officers
OKEx Debuts Dai Stablecoin Staking Bonus as Tether Dwarfs Volumes
17.12.2019
Dai support from OKEx seems destined to have little impact in a market dominated by Tether
Regulatory Roundup: Crypto ‘Inevitable’ in India, China Rankings, NY Streamlines Policy
16.12.2019
In this regulatory roundup, we cover a positive crypto story in India, China’s year-end rankings, and the European Central Bank entering the stablecoin race. We also cover the New York regulator’s proposed Bitlicense revision — the first in five years — and several other...
Darknet ICO, Bitmain Infighting, Calls for Cotten to Be Exhumed: Hodler’s Digest, Dec. 9–15
15.12.2019
In this week’s Hodler’s Digest, bitter infighting at Bitmain, Libra’s white paper quietly updated, and the $146 million ICO that’s almost certainly illegal
Tether Sponsors New Version of Bitcoin Tokenization Layer Omni
15.12.2019
Tether funded the development of the latest version of Bitcoin tokenization layer Omni
Why the ECB Is Getting in on the Stablecoin Game
13.12.2019
Discussing the ECB's recent comments on stable coins, the resurfacing of some prominent 2017 token projects, and a debate: is crypto for criminals?
Swiss Government Quashes ‘E-Franc,’ Says Current Risks Outweigh Benefits
13.12.2019
The Swiss government has quashed the idea of offering a digital currency, saying it currently presents more problems than opportunities
Stablecoin Startup Terra Expands to Mongolia With Taxi Payment Service
13.12.2019
Terra is partnering with a Mongolian taxi company to let residents pay for rides using a stablecoin
ECB President: ‘We Better Be Ahead of Curve’ on Stablecoins
12.12.2019
Christine Lagarde says financial institutions should foresee the demand for stablecoins
Equilibrium’s Stablecoin Now Has $17.5M in Insurance That Pays Out Automatically
12.12.2019
Equilibrium will hold 6.5 million EOS tokens in reserve as an insurance policy for users should its stablecoin lose its peg
Bitpay Launches Support For Three USD Stablecoins — But Not Tether
11.12.2019
BitPay is now formally accepting stablecoins for payment, but not the one which is by far the most widely used
Saga Stablecoin Goes Live Backed By Basket of Fiat Currencies
10.12.2019
Saga Monetary Technologies has finally launched its SGA stablecoin, and it's already planning to break away from its pegged basket of currencies
EU Finance Ministers Place Defacto Ban on Libra
6.12.2019
Libra’s ongoing organizational snags and run-ins with regulators continue into December, as EU finance ministers agreed Thursday that Libra cannot be launched in the EU until concerns are adequately addressed. The finance ministers issued a joint statement citing regulatory “challenges...
Coinbase Card Rolls out DAI as First Supported Stablecoin: Official
6.12.2019
DAI is the first stablecoin supported by Coinbase Card, the exchange announced
Venture Capitalists Have Invested Over $200M in Stablecoins
6.12.2019
Does the world need more stablecoins? Yes according to VCs, who have thrown hundreds of millions of dollars at projects developing stable or low volatility digital assets. The $45 million committed in 2019 takes the past two years of VC investment to over $200M. Also read: RBI Governor Discusses...
EU Won’t Let Stablecoins Enter Its Market Until Risks Are Addressed
5.12.2019
No global stablecoin project should begin operations in the EU until the associated risks are addressed, EU authorities say in a new adopted statement
Stablecoin Adoption Can Impact Economy, Warn Senior US Regulators
5.12.2019
Senior U.S. financial regulators warn that stablecoins pose risks to the economy in an annual report from the Financial Stability Oversight Council