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UK Minister Says Government Only Has Time to Implement Stablecoin, Staking Legislation
8.5.2024
Economic Secretary Bim Afolami said that the government could put through stablecoin and staking legislation in the coming weeks but will outline was is coming later
Colombia’s Bancolombia Launches Crypto Exchange Wenia and Stablecoin COPW
7.5.2024
Wenia, a new crypto exchange by Colombia's Bancolombia bank, launches with the COPW stablecoin, pegged to the Colombian peso. The platform allows trading in various cryptocurrencies, including Bitcoin, Ether, and Polygon. This development aligns with Colombia's rising prominence in Latin America's c...
What Visa’s ‘Organic’ Stablecoin Report Misses
7.5.2024
EU crypto regulations undermined by lack of enforcement, say observers
7.5.2024
The European Union’s Markets in Crypto-Assets Regulation is being phased in, but regulators have reportedly been inconsistent in enforcing existing laws
RD Technologies partners with Chainlink for secure HKD stablecoin transfers
7.5.2024
RD Technologies, a leading blockchain solutions provider, has partnered strategically with Chainlink, the industry-standard decentralized oracle network, to facilitate secure and reliable cross-chain transfers of the Hong Kong Dollar (HKD) stablecoin. This integration marks a significant milestone...
Leading Colombian bank launches crypto exchange and peso stablecoin
7.5.2024
The Colombian bank behind the crypto exchange claimed the platform was created after nearly a decade of study and research
Leading Colombian Conglomerate Bancolombia Launches Crypto Exchange, Introduces Peso Stablecoin
7.5.2024
Bancolombia Group, one of the leading banks in Latin America and the biggest bank in Colombia, is entering the crypto business with the launch of Wenia, a cryptocurrency exchange. Wenia seeks to disrupt Bitso’s and Binance’s dominance in the cryptocurrency exchange industry in Colombia...
Cartier Jewelry Heir Busted for Laundering Money with Crypto
6.5.2024
An heir to the Cartier empire was arrested last week by the US Justice Department (DoJ). He was accused of utilising Tether's USDT stablecoin to launder the proceeds of drug trafficking. The charges indicate a unique convergence of powerful individuals and cryptocurrency-related criminal...
DAI drives Ethereum stablecoin volume to record highs in April
6.5.2024
In the last few months, there has been a noticeable boost in the number of stablecoin transactions on the Ethereum blockchain compared to other months. This surge was most noticeable in April when it broke its all-time activity record. Flash loans, typically excluded from financial data...
Study reveals bots and big traders dominate stablecoin transactions
6.5.2024
A recent study has shed light on a startling trend within the cryptocurrency market, most transactions involving stablecoins are driven not by genuine users but by automated trading bots and large-scale traders. The findings, which raise questions about the true nature of stablecoin usage and...
Over 90% of Stablecoin Transaction Volumes Are Not From Genuine Users: Visa Study
6.5.2024
A recent study conducted by Visa and Allium Labs has found that more than 90% of stablecoin volumes do not originate from genuine users.
The post Over 90% of Stablecoin Transaction Volumes Are Not From Genuine Users: Visa Study appeared first on Cryptonews
Ripple to Launch USD-Backed Stablecoin in June? CTO David Schwartz Hints
6.5.2024
Ripple stablecoin is supposed to be backed 1-to-1 by US Dollar deposits, US government bonds and other low-risk investments.
The post Ripple to Launch USD-Backed Stablecoin in June? CTO David Schwartz Hints appeared first on Cryptonews
Less Than 10% of Stablecoin Transaction Volume Coming from Real Users: Report
6.5.2024
Less than 10% of stablecoin transaction volumes are organic or come from real people, according to new findings by Visa and data platform Allium Labs, Bloomberg reported
Could stablecoin volumes overtake Visa this quarter?
6.5.2024
Research firm Sacra predicts stablecoins will “eclipse” Visa on total payments volume this quarter, but Visa's head of crypto doesn’t agree
USDT Stablecoin Supply on TON Blockchain Hits 130 Million in 2 Weeks
3.5.2024
Since the introduction of USDT on the TON blockchain, the supply of this stablecoin has grown by over 70 million within just two weeks, totaling 130 million. While USDT operates across multiple blockchains, its presence on TON has positioned it as the eighth largest in terms of circulating supply....
USDC overtakes USDT: Compliance is key to stablecoin dominance
3.5.2024
Tether’s USDT hegemony in the stablecoin market may shift as institutional investors chip into the crypto market
Tether Partners With Chainalysis to Monitor Transactions and Combat Illicit Activity
3.5.2024
Stablecoin issuing firm Tether said it has teamed up with the blockchain data platform Chainalysis to monitor secondary market activity and combat illicit activity.
The post Tether Partners With Chainalysis to Monitor Transactions and Combat Illicit Activity appeared first on Cryptonews
Tether Q1 2024 Attestation Reveals Record $4.52 Billion Profits
3.5.2024
Tether, one of the largest cryptocurrency companies, has recently released an attestation of its financial activity corresponding to Q1 2024. Tether registered a record-breaking $4.52 billion in profits, and disclosed its net equity levels, reporting $11.37 billion as of March 31, 2024. Tether...
Tether Enters Transaction Surveillance Partnership with Chainalysis as Regulatory Pressure Mounts
2.5.2024
The monitoring system would help Tether identify risky crypto addresses that could be used for bypassing sanctions or illicit activities like terrorist financing, the company said
Binance ties SAFU fund to USDC: Is the fund missing out on potential gains?
2.5.2024
Binance has exchanged a diversified $1 billion crypto portfolio in SAFU funds into USD Coin